Our All Reston Real Estate 2016 Update – the Year in Review
Happy New Year! Winter 2017 CELEBRATING OUR 5Oth YEAR SERVING THE REAL ESTATE NEEDS OF RESTON Greetings! I hope you had a good holiday season and look forward to 2017! Overall 2016 was a very good year for real estate, better than 2015! We expect 2017 to be even better… It is hard to believe that when my mother Norma started selling real estate for the original Wellborn Properties way back in 1967 that we would now be celebrating 50 years of service to the Reston community. So much has changed since we pulled into Waterview Cluster in the summer of 1965 – about 20 families called the place home, the plaza was under construction with nary a store to visit but then, and even now, Reston was and is a special place to call home. I always thought we gave up a lot as a young kid leaving a house my family built on Great South Bay, Long Island with boating, fishing, crabbing and days spent on neighboring Fire Island for Reston. What we got was lakes, pools and tennis and even air conditioning as the old house lacked AC. I didn’t comprehend the vision Bob Simon had in the early 60s or what it all meant until many years later. Reston welcomed any and all – divorced people, single parents, unmarried, racially mixed couples and gay with open arms. We did not have any long standing ‘accepted’ practices, standards, groups or organizations so we got to experiment and create what we wanted… it was a marvelous place to grow up. All that existed here prior to Bob Simon coming along was the two Bowman families – A. Smith and Delong – a (legal) distillery and a whole lot of cows. And, to think of the money that was spent to build the lakes, roads, a golf course, pools, tennis and our first elementary school is mind boggling when Bob Simon could have just as easily elected to stay and live a grand life on Park Ave. in New York. God Bless You Bob…it took guts to sell Carnegie Hall and who knows what else to fund this venture. SALES – Sales for the year were up 10% over last year (1265 units sold vs. 1174 in 2015). Breakdown is as follows – 270 detached homes (245 last year), 523 townhouses (vs. 532 in 2015) and 472 condominiums (vs. 397 one year ago). The average ‘days to sell’ was 46 days up from the average of 43 it took in 2015. Currently on the market – Traditionally January is a strong month for home sales. This year we will start with a lower inventory than last year. Currently there are (just) 166 homes for sale in Reston vs. 193 last year at this time – 29 detached homes, 44 townhouses and 93 condos. The average list price is $492,060…a 4% increase over this time one year ago! Interest rates – Home mortgage rates are trending up – currently 30 year fixed is @ 4.375%. If you know someone thinking of buying tell them to act soon as rates will continue to climb! Of note: Here are the three most popular items of interest people have called and asked me about in 2016… Town Center Parking: I hate to be the bearer of bad news, but it appears paid parking IS coming to Reston Town Center. Latest reports show about ½ of the restaurants will validate free parking, many will not and some are undecided. I think it is pathetic. You can decide for yourself and vote with...
Read MoreOne of our current projects…Just Listed home in Reston/Coming Soon!
How Can I Break Up My Ex Husband His Girlfriend First time offered for sale! In Reston's sought-after and historic Lake Anne district is this charming waterfront townhome….sweeping million $ views of the fountain stretching from one end of Lake Anne to the far shore line at the opposite end. Picture take How Can I Break Up My Ex Husband His Girlfriend n from the large balcony terrace overlooking the water. Original hardwoods thru out + GAS heat. The home faces due south with great light. buy cialis online low price Walk to shops, restaurants, coffee shop and the farmers market which is consistently voted one of the best in the DC area!...
Read MoreAnother great reason we call this home…the Reston Schools!
Located in the sought after (and considered some of the nation’s brand viagra online best) Fairfax County school network Reston is home to eight elementary schools – Lake Anne, Hunters Woods, Forest Edge, Dogwood, Terraset, Sunrise Valley, Armstrong and Aldrin (yes, the last two both named for astronauts but that’s another story). In Reston you can buy an apartment, a townhouse or a detached home and give your children the gift of walking to a neighborhood elementary school as both of my children did. The picture is of Lake Anne Elementary – Reston’s first school and the recent recipient of a major top to bottom renovation! LIVE WORK PLAY buy cialis online uk in Reston,...
Read MoreReston Town Center – A Brief History
Reston’s last and final ‘village’. So much more than just a village, Reston Town Center is the urban residential and commercial core of one of the most successful planned communities in the nation. Home to Fortune 500 companies and many of the most well known retailers in the country RTC offers the best of all worlds for its commercial cheap viagra online tenants/workers and those who live there and call it home – Microsoft, Oracle, Rolls Royce + our very own Apple store along with Ann Taylor, Talbots, JCrew, Sephora, Banana Republic, GAP, Anthropologie, Mortons, McCormick + Schmick, Starbucks, etc etc. World class living in luxury mid-rise and high-rise condominiums and townhomes ranging from about $325,000 to in excess of $3,000,000. From the water park in a garden setting, summer concerts under the pavilion and ice skating in cooler months it does not get much better than this. Reston Town Center is one of the dining and entertainment hubs of the DC Metro area… dining options for all budgets and tastes, live concerts, movies, skating or just sitting in front of the magical fountains and watching the world go by…come for a visit and you’ll understand why regardless cheap generic viagra of where you live in Reston, it does not get better than this…LIVE WORK PLAY…in Reston,...
Read MoreOne of our current projects…first Open House Sunday 10/21!
Grand, large home in the sought after Oakton high school district…over 6,000 square feet of lavish living space on a nearly one cash loan no credit check acre, flat and useable cul de sac lot…upgrades thru out with a mas buy cialis without prescription sive master bedroom suite…come see...
Read MoreNow that is good news!
The National Assoc. of Realtors announced late today home sales were down last month due to limited inventory in generic cialis online most areas! That is cialis france a good problem to have!!
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Jon Querolo (pronounced: core-elle-o) provides clients with unparalleled real estate knowledge and experience. 