Rain, Rain Go Away

Rain, rain, go away. Don’t come back another day. (At least not for a while!)

When it rains a lot, we often get calls asking for recommendations for roofers. So, if you need help with your roof – here’s who we call:

Northern Virginia Roofing: http://nvroofs.com/residential/ 

The Belt Team . . . Serving all of your real estate needs in Vienna, Oakton, McLean, Great Falls, Arlington, Reston, Fairfax and the entire Northern Virginia Region! Contact us today for a FREE home valuation or buyer counseling session! (703) 242-3975

Our House Is A Very, Very, Very Fine House . . .

As Crosby, Stills & Nash said, “Our house is a very, very, very fine house”. But you’ll never know if you don’t come by & visit us at our open houses this weekend! Here’s where you can find us:

Sunday, May 31st – 1PM to 4PM

2406 Stryker Avenue in Vienna – $1,159,000

Delightful colonial in sought after cul-de-sac neighborhood. Dramatic 2 story foyer with curved staircase, family room with gas fireplace opens to the spacious kitchen & breakfast area & opens to a large deck, wonderful master suite with sitting room and 20×20 bath, finished lower level with huge rec room/game room, wet bar, 5th bedroom & 4th full bath! Madison HS pyramid!

Directions: From Vienna Metro: Exit Nutley Street to Vienna, left on Maple Ave/Rt 123, right Flint Hill Road, left Vale Rd, left Stryker Ave to #2406.

Sunday, May 31st – 1PM to 4PM

2054 Carrhill Road in Vienna – $1,129,999

Recent Price Reduction = Your Opportunity for Great Value! Spectacular home on gorgeous, lushly landscaped “acre” lot. Not only will the home enchant you with its updated kitchen, family room addition, private master suite & profusion of windows . . . but you’ll love the delightful backyard sanctuary with pool, patio & porch! A world of tranquil beauty & peaceful privacy. . . and it’s perfect for entertaining! Fantastic lifestyle home!

Directions: From Vienna Metro: Exit Nutley Street to Vienna, right on Maple Ave/Rt 123, left Lawyers Road, Right Carrhill Road to #2054.

Sunday, May 31st – 1PM to 4PM

Francis Young Estates – Prices start at $1,299,900 .

15 gorgeous new homes on two cul-de-sacs in the Madison High School District! Homes are Energy Star Certified and built by master builder Sekas Homes. Ten homes are sold and five opportunities remain!

Directions: From Route 123 in Vienna, North on Beulah Rd about 3/4 mile to new cul-de-sac on left just past State Street.

Contact The Belt Team directly at (703) 242-3975  if you have questions about pricing, features, floorplans, options, etc…

Let Crosy, Stills & Nash inspire you with “Our House Is A Very Very Very Fine House!

Keller Williams & The Belt Team Think Outside The Box

Why do we sell so many homes? I like to think it’s because we think outside the box! All you have to do is look at my car to know that!

This Keller Williams press release came out recently – – – just another example of how we are different from the rest. We’re all about creativity, innovation & getting the job done right for our clients.

**************************************

 

Kendra Todd, a nationally recognized author, lecturer and TV Personality, has just joined the Keller Williams Realty Greater Seattle market center as the head of their Luxury Homes Division. Todd, who won the popular NBC series The Apprentice, was the first woman and youngest contestant to ever win the hit reality show!

During her time with the Trump Organization, she was involved with the sale of a $100 million dollar Palm Beach estate: the highest residential real estate transaction on record in the United States. Currently, Todd hosts the critically acclaimed HGTV series “My House is Worth What?” and serves as the Yahoo! Finance real estate columnist with more than 400 million registered users.

“We are thrilled to welcome the Kendra Todd Group to our firm,” says Andrew Greenwell, team leader. “Her experience as an entrepreneur and insight into the real estate market has proven to be a tremendous asset to our company.”

**************************************

The Belt Team . . .

Serving all of your real estate needs in Vienna, Oakton, McLean, Great Falls, Arlington, Reston, Fairfax and the entire Northern Virginia Region! Contact us today for a FREE home valuation or home buyer counseling session! It would be our pleasure to help you “think outside the box” & make your dreams come true!

What Is My Home Worth?

DESCRIPTION AND FEATURES
EXPECT THE BEST WITH THE BELT TEAM

Whether it’s a buyer’s market or a seller’s market, one thing remains the same in real estate….you need the BEST representation you can get. Not only has The Belt Team been #1 in the State of Virginia for our company year after year, but we also have a proven track record of working in the other down markets we experienced in the 1980’s & 1990’s that gives us the particular expertise that is vital to you in today’s market. The Belt Team services all of Northern Virginia, so if you are looking to buy or sell a home, contact The Belt Team NOW at (703) 242-3975! Visit our web site to receive a FREE Comparitive Market Analysis and find out what your home is worth!

http://www.TheBeltTeam.com

LINKS

Francis Young Estates – Open This Weekend!

Sunday, May 24th – Noon to 3 PM

Francis Young Estates – Prices start at $1,299,900 .

15 gorgeous new homes on two cul-de-sacs in the Madison High School District! Homes are Energy Star Certified and built by master builder Sekas Homes. Eight homes are sold and seven opportunities remain!

Directions: From Route 123 in Vienna, North on Beulah Rd about 3/4 mile to new cul-de-sac on left just past State Street.

Contact The Belt Team directly at (703) 242-3975  if you have questions about pricing, features, options, etc…

Keller Williams on You Tube – This Month In Real Estate

Thought you might find this news report interesting….

Home sales were nearly 30 percent higher in March 2009 than in February, and that’s the second month in a row that home sales shot upwards.  Median home prices have essentially returned to where they were in early 2003, which means that affordability is close to being as good as it’s ever been. 

If you’d like to capitalize on this opportunity and buy your dream home – give The Belt Team a call at (703) 242-3975!

The Belt Team . . .

Serving all of your real estate needs in Vienna, Oakton, McLean, Great Falls, Arlington, Reston, Fairfax and the entire Northern Virginia Region! Contact us today for a FREE home valuation or home buyer counseling session!

Thank You Giant Shoppers!

Last week, all of us at Keller Williams Realty around the US & Canada celebrated our First Annual RED Day. Our goal was to “Give Where We Live” and to donate our time, talent & treasure in a simultaneous effort to help our local communities.

In our McLean office, we decided to do a Food Drive at the McLean Giant to benefit local charity SHARE of McLean. Thanks to your generosity, we managed to collect over 2,500 lbs. of food and supplies.  It was 5 full truckloads and will help serve Share’s less fortunate for 8 weeks. 

THANK YOU GIANT SHOPPERS!

The Belt Team . . .

Serving all of your real estate needs in Vienna, Oakton, McLean, Great Falls, Arlington, Reston, Fairfax and the entire Northern Virginia Region! Contact us today for a FREE home valuation or home buyer counseling session!

If I Had a Million Dollars. . .

I Wonder What a Million (or a Million Plus!) Dollars Buys in Vienna . . .

Come visit The Belt Team at our open houses this weekend and you’ll find out! As the Barenaked Ladies sing….”If I had a Million Dollars, I’d Buy You a House!”

Here’s where you can find us:

Sunday, May 17th 1PM to 4PM

230 Pleasant Street SE in Vienna – Listed at $974,999

Just move right in to this delightful 3-year young home in close-in Vienna. Walk to everything! Over 4,000 finished square feet on 3 levels. Spacious kitchen with granite & stainless, center island w/bar & table space. Family room with fireplace & gorgeous built-ins. Master bedroom with tray ceiling & oversized walk-in closet. Plus it’s in the Vienna/Thoreau/Madison school district!

Directions: Heart of Vienna, from South on Maple Ave (Rt 123), left on Pleasant Street. or from Vienna Metro: Nutley Street to right on Courthouse Rd, Left on Pleasant Street.

Saturday, May 16th 2PM to 5PM AND Sunday, May 17th 1PM to 4PM

Francis Young Estates – Prices start at $1,299,900

15 gorgeous new homes on two cul-de-sacs in the Madison High School District! Homes are Energy Star Certified and built by master builder Sekas Homes. Eight homes are sold and seven opportunities remain!

Directions: From Route 123 in Vienna, North on Beulah Rd about 3/4 mile to new cul-de-sac on left just past State Street.

Contact The Belt Team directly at (703) 242-3975  if you have questions about pricing, features, options, etc…

Good News in Local Real Estate!

Good News in Local Real Estate!

As we have always emphasized, real estate is local.  Do you know that what is occurring in the D.C. Metropolitan Region is much different than many other parts of the country and different than what you read in the media? 

When will the media catch up with the burst in activity in our local market? Our experience is that what we see in the press usually lags what we are seeing “in the trenches” by at least 60-90 days!

So what are we seeing ? ? ?

 

As can be seen in the reports below, the inventory in the DC “MSA”(and this is even more true for the closer-in parts of our area) has changed from an extreme buyers market and is heading in the direction of a balanced market. This is due to a decrease in the rate of new listings hitting the market and an increase in sales because of low interest rates . . . plus realistic pricing by sellers. In fact, in the category of townhomes, based on a 4.2 month market supply, it has already become a sellers market!

Check out these reports for details:

Market Activity

Housing Supply Outlook

Those of you who read our blog regularly already know some of this from the anecdotal information we have shared. In the past 45 days, The Belt Team has personally seen our market shift. We have sold 3 of our listings in less than 4 days – all with multiple contract offers!

 

Is the media up-to-date on Northern Virginia real estate? NO!

Is The Belt Team up-to-date on Northern Virginia real estate? YES!

In this crazy sea of media frenzy around the real estate market, we want to remind you that the most important real estate market is the street where you live or the street where you want to live.  If you are curious about what is happening in your neighborhood or the neighborhood you’d like to move to, please give us a call so we can give you the numbers that are specific to you. Generalizations about national and even local real estate trends are difficult to translate to your home.  We are happy to help you make sense of it all and forget the hype.

For more info, contact The Belt Team at (703) 242-3975!

The Belt Team . . .

Serving all of your real estate needs in Vienna, Oakton, McLean, Great Falls, Arlington, Reston, Fairfax and the entire Northern Virginia Region! Contact us today for a FREE home valuation or home buyer counseling session!
 

For The Engineers In Our Reading Audience . . . A Detailed Look at What Happened in Vienna Oakton Real Estate in April

For the engineers in our reading audience . . . here’s a DETAILED look at what happened in Vienna Oakton Real Estate in April:

Metropolitan Regional Information Systems, Inc.   ZIP Code Statistics ZIP Code: 22181 Vienna, VA
From: 04/01/2009 to 04/30/2009                Statistics generated on: 05/06/2009

Residential
Unit Sales
Number of Bedrooms

Active Listings

 

Time on Market

Price Class

2
Or Less  


3

4
  or More  

Condo
Coop

Ground
Rent

Residential
  

Condo
Coop

Ground
Rent

of Units Sold
(No. of Units)

Under $100,000

0

0

0

0

0

0

0

0

1 -30 Days

2

$100,000 – 149,999

0

0

0

0

0

0

1

0

31-60 Days

2

$150,000 – 199,999

0

0

0

1

0

0

4

0

61 – 90 Days

1

$200,000 – 249,999

0

0

0

1

0

0

3

0

91-120 Days

1

$250,000 – 299,999

0

0

0

0

0

2

2

0

Over 120 Days

2

$300,000 – 349,999

0

1

0

0

0

3

2

0

Total

8

$350,000 – 399,999

0

0

0

0

0

3

4

0

$400,000 – 449,999

0

1

0

0

0

2

0

0

Type of Financing
of Units Sold
(No. of Units)

$450,000 – 499,999

0

1

0

0

0

9

0

0

$500,000 – 599,999

0

0

0

0

0

11

0

0

Conventional

6

$600,000 – 699,999

0

0

0

0

0

12

0

0

FHA

0

$700,000 – 799,999

0

1

1

0

0

8

0

0

VA

1

$800,000 – 899,999

0

0

0

0

0

4

0

0

Assumption

0

$900,000 – 999,999

0

0

0

0

0

4

0

0

Cash

1

$1,000,000 – 2,499,999

0

0

1

0

0

16

0

0

Owner Finance

0

$2,500,000 – 4,999,999

0

0

0

0

0

1

0

0

All Other

0

$5,000,000 & Over

0

0

0

0

0

0

0

0

Unreported

0

Totals

0

4

2

2

0

75

16

0

Total

8

Grand Totals

8 91

   2009    2008    % Change
Total Sold Dollar Volume: $ 4,237,900 $ 8,649,600 – 51.00 %
Average Sold Price: $ 529,738 $ 576,640 – 8.13 %
Median Sold Price: $ 453,200 $ 600,000 – 24.47 %
Total Units Sold: 8 15 – 46.67 %
Average Days on Market: 94 80 17.50 %
Average List Price for Solds: $ 570,050 $ 617,312 – 7.66 %
Avg Sale Price as a
percentage of Avg List Price:
92.93 % 93.41 %
Total NEW listings: 38
Total Properties Marked Contract: 8
Total Properties Marked Contingent Contract: 18
Total NEW pendings (Contracts + Contingents): 26

Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data
Copyright 2009 – Information deemed reliable, but is not guaranteed.


Metropolitan Regional Information Systems, Inc.   ZIP Code Statistics – ZIP Code: 22180 Vienna, VA
From: 04/01/2009 to 04/30/2009                Statistics generated on: 05/06/2009

Residential
Unit Sales
Number of Bedrooms

Active Listings

 

Time on Market

Price Class

2
Or Less  


3

4
  or More  

Condo
Coop

Ground
Rent

Residential
  

Condo
Coop

Ground
Rent

of Units Sold
(No. of Units)

Under $100,000

0

0

0

0

0

0

0

0

1 -30 Days

14

$100,000 – 149,999

0

0

0

0

0

0

0

0

31-60 Days

8

$150,000 – 199,999

0

0

0

0

0

0

2

0

61 – 90 Days

0

$200,000 – 249,999

0

0

0

2

0

0

6

0

91-120 Days

4

$250,000 – 299,999

0

0

0

1

0

0

3

0

Over 120 Days

6

$300,000 – 349,999

0

1

1

1

0

1

3

0

Total

32

$350,000 – 399,999

1

1

0

1

0

7

4

0

$400,000 – 449,999

0

2

1

0

1

9

0

0

Type of Financing
of Units Sold
(No. of Units)

$450,000 – 499,999

0

2

0

1

0

14

0

0

$500,000 – 599,999

0

1

12

0

0

19

0

0

Conventional

23

$600,000 – 699,999

0

1

0

0

0

15

0

0

FHA

6

$700,000 – 799,999

0

0

1

0

0

4

0

0

VA

0

$800,000 – 899,999

0

0

0

0

0

5

0

0

Assumption

1

$900,000 – 999,999

0

0

1

0

0

2

0

0

Cash

2

$1,000,000 – 2,499,999

0

0

0

0

0

41

0

0

Owner Finance

0

$2,500,000 – 4,999,999

0

0

0

0

0

0

0

0

All Other

0

$5,000,000 & Over

0

0

0

0

0

0

0

0

Unreported

0

Totals

1

8

16

6

1

117

18

0

Total

32

Grand Totals

32 135

   2009    2008    % Change
Total Sold Dollar Volume: $ 15,252,403 $ 9,133,000 67.00 %
Average Sold Price: $ 476,638 $ 652,357 – 26.94 %
Median Sold Price: $ 499,000 $ 489,750 1.89 %
Total Units Sold: 32 14 128.57 %
Average Days on Market: 61 52 17.31 %
Average List Price for Solds: $ 504,664 $ 674,389 – 25.17 %
Avg Sale Price as a
percentage of Avg List Price:
94.45 % 96.73 %
Total NEW listings: 46
Total Properties Marked Contract: 12
Total Properties Marked Contingent Contract: 27
Total NEW pendings (Contracts + Contingents): 39

Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data
Copyright 2009 – Information deemed reliable, but is not guaranteed.


Metropolitan Regional Information Systems, Inc.   ZIP Code Statistics ZIP Code: 22182 Vienna, VA
From: 04/01/2009 to 04/30/2009                Statistics generated on: 05/06/2009

Residential
Unit Sales
Number of Bedrooms

Active Listings

 

Time on Market

Price Class

2
Or Less  


3

4
  or More  

Condo
Coop

Ground
Rent

Residential
  

Condo
Coop

Ground
Rent

of Units Sold
(No. of Units)

Under $100,000

0

0

0

0

0

0

0

0

1 -30 Days

9

$100,000 – 149,999

0

0

0

0

0

0

0

0

31-60 Days

1

$150,000 – 199,999

0

0

0

0

0

0

0

0

61 – 90 Days

3

$200,000 – 249,999

0

0

0

0

0

0

0

0

91-120 Days

3

$250,000 – 299,999

0

0

0

0

0

0

0

0

Over 120 Days

7

$300,000 – 349,999

0

0

0

0

0

1

0

0

Total

23

$350,000 – 399,999

0

1

0

1

0

1

1

0

$400,000 – 449,999

0

0

1

0

0

3

1

0

Type of Financing
of Units Sold
(No. of Units)

$450,000 – 499,999

0

0

0

0

0

1

0

0

$500,000 – 599,999

0

0

2

0

0

23

0

0

Conventional

17

$600,000 – 699,999

0

1

6

0

0

28

0

0

FHA

3

$700,000 – 799,999

0

0

6

0

0

33

0

0

VA

1

$800,000 – 899,999

0

0

0

0

0

11

0

0

Assumption

0

$900,000 – 999,999

0

0

1

0

0

11

0

0

Cash

2

$1,000,000 – 2,499,999

0

0

4

0

0

47

0

0

Owner Finance

0

$2,500,000 – 4,999,999

0

0

0

0

0

0

0

0

All Other

0

$5,000,000 & Over

0

0

0

0

0

0

0

0

Unreported

0

Totals

0

2

20

1

0

159

2

0

Total

23

Grand Totals

23 161

   2009    2008    % Change
Total Sold Dollar Volume: $ 17,491,021 $ 9,762,000 79.17 %
Average Sold Price: $ 760,479 $ 750,923 1.27 %
Median Sold Price: $ 660,000 $ 665,000 – 0.75 %
Total Units Sold: 23 13 76.92 %
Average Days on Market: 102 100 2.00 %
Average List Price for Solds: $ 828,935 $ 789,392 5.01 %
Avg Sale Price as a
percentage of Avg List Price:
91.74 % 95.13 %
Total NEW listings: 56
Total Properties Marked Contract: 10
Total Properties Marked Contingent Contract: 22
Total NEW pendings (Contracts + Contingents): 32

Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data
Copyright 2009 – Information deemed reliable, but is not guaranteed.


Metropolitan Regional Information Systems, Inc.   ZIP Code Statistics ZIP Code: 22124 Oakton, VA
From: 04/01/2009 to 04/30/2009                Statistics generated on: 05/06/2009

Residential
Unit Sales
Number of Bedrooms

Active Listings

 

Time on Market

Price Class

2
Or Less  


3

4
  or More  

Condo
Coop

Ground
Rent

Residential
  

Condo
Coop

Ground
Rent

of Units Sold
(No. of Units)

Under $100,000

0

0

0

0

0

0

0

0

1 -30 Days

3

$100,000 – 149,999

0

0

0

0

0

0

0

0

31-60 Days

4

$150,000 – 199,999

0

0

0

2

0

0

2

0

61 – 90 Days

3

$200,000 – 249,999

0

0

0

0

0

2

13

0

91-120 Days

1

$250,000 – 299,999

0

1

0

1

0

1

3

0

Over 120 Days

6

$300,000 – 349,999

0

0

0

0

0

3

4

0

Total

17

$350,000 – 399,999

0

0

0

0

0

2

3

0

$400,000 – 449,999

0

1

0

0

0

6

1

0

Type of Financing
of Units Sold
(No. of Units)

$450,000 – 499,999

0

1

1

0

0

5

0

0

$500,000 – 599,999

0

1

1

0

0

12

0

0

Conventional

11

$600,000 – 699,999

0

0

1

0

0

13

0

0

FHA

2

$700,000 – 799,999

0

0

4

0

0

6

0

0

VA

0

$800,000 – 899,999

0

0

1

0

0

7

0

0

Assumption

1

$900,000 – 999,999

0

0

0

0

0

8

0

0

Cash

3

$1,000,000 – 2,499,999

0

0

2

0

0

35

0

0

Owner Finance

0

$2,500,000 – 4,999,999

0

0

0

0

0

3

0

0

All Other

0

$5,000,000 & Over

0

0

0

0

0

1

0

0

Unreported

0

Totals

0

4

10

3

0

104

26

0

Total

17

Grand Totals

17 130

   2009    2008    % Change
Total Sold Dollar Volume: $ 10,535,500 $ 9,966,500 5.71 %
Average Sold Price: $ 619,735 $ 766,654 – 19.16 %
Median Sold Price: $ 580,000 $ 600,000 – 3.33 %
Total Units Sold: 17 13 30.77 %
Average Days on Market: 118 102 15.69 %
Average List Price for Solds: $ 706,541 $ 844,473 – 16.33 %
Avg Sale Price as a
percentage of Avg List Price:
87.71 % 90.78 %
Total NEW listings: 55
Total Properties Marked Contract: 11
Total Properties Marked Contingent Contract: 19
Total NEW pendings (Contracts + Contingents): 30

Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data
Copyright 2009 – Information deemed reliable, but is not guaranteed.