2010 Spring Real Estate Update

2010 Spring Real Estate Update

Posted

The real estate market in Reston, and in many cases nationwide, seems to be on an improving track. Sales nationwide in March were up over 6%. In Reston we have seen great activity in the under $400,000 range. It is interesting that we are seeing multiple offers and in some cases escalation agreements on well priced properties in good locations. An escalation agreement is used when there are competing offers on a property. (more…)

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2009 Summer Real Estate Report

2009 Summer Real Estate Report

Posted

I hope your summer is off to a great start! This is an abbreviated look at the Reston real estate market in hopes of giving you a positive jolt as you leap into your summer. For twelve years I worked for William (Bill) Wacker. He was my friend and great inspiration to all who knew or had the privilege to work for him. Every summer we would say, “Bill, take a vacation” and his normal response was, “Why, I live in a resort and have everything I need right here at home” – golf, tennis, swimming, fishing and boating and his beloved squash (at Hidden Creek Country Club). How right he was! We are truly lucky to live here and call Reston home. If your vacation plans, like mine this year, mean staying at home and enjoying your community you will find lots to do.  (more…)

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2009 Spring Real Estate Update

2009 Spring Real Estate Update

Posted

Happy Spring!

I hope this finds you well and ready for summer.  Below is my January thru April 2009 update on the Reston real estate market and general ‘goings on’ in the market.

FOR SALE There are currently 255 homes for sale in Reston (compared to 260 in January).  This is good (and surprising) since you would expect a surge/increase as people historically wait until spring to list their homes for sale.  We have not seen an increase as yet.  There are 71 detached homes on the market ranging in price from $199,999 to $1,380,000 with an average list price (ALP) of $720,901 and average days on market (DOM) of 60. There are 81 townhouses for sale ranging from $159,900 to $959,900 with an ALP of $451,727 and the average DOM is 62. And finally, there are 103 condominiums for sale ranging from $99,500 to $1,299,000 with the ALP being $339,708 and an average DOM of 71.  (more…)

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    • The multiple listing data appearing on this website, or contained in reports produced therefrom, comes in part from Metropolitan Regional Information Systems ("MRIS"). The information provided is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All real estate listings include detailed information about them that includes the name of the listing brokers and therefore may reference real estate listing(s) held by a brokerage other than the broker and/or agent who owns this web site.

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