This is Why We Do What We Do!

Our clients, Mark & Melinda Carlson, recently copied us in on a letter they wrote to thank the person who referred them to The Belt Team.

Here’s what they said:

“I wanted to get back to you and let you know what has happened with our process of purchasing a home in Virginia.

I must say, we have been blessed by your outstanding recommendation of The Belt Team and specifically, Gail Belt. Gail has been wonderful in our house purchase process. She has just the right combination of heart and business savvy that helped to accomplish our goal and in such a personable way. I can be a picky person and take a long time with decisions. She was so patient with me and allowed me the time and opportunity to go back and back again…. and ask questions and more questions. She also offered insight and wisdom not only into the housing market but also into lifestyle….. all very important things to consider.

Then when it came to presenting the offers, she was extremely helpful and skilled. Gail represented us well and this was very important to us. She was creative in her ideas and considered all parties involved. We were so appreciative of her years of experience and the hours of time she gave on our behalf. (and is still giving) The best compliment that I could give her is that she reminded me of how my Mom would have been as a realtor!! And in my book my Mom is #1! :)”

One of our goals as Belt Team members is to make buying or selling a home a GOOD experience and to relieve you of as much stress as possible. We know that we are not surgeons or fire fighters who save lives every day.but we are often working with you while you are moving on with important life changes (having babies, starting new jobs, transplanting your family overseas, getting married, moving for retirement, down-sizing, etc)and so we take very seriously our pledge to you to do the best we can to make things easy in your moving on!

Thanks Mark & Melinda for your kind words!

Are We Still In a Buyers Market ? ! ?

Heres what MRIS (our local multiple listing service) reported today in their Weekly Activity Report:

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The Great Inventory Disappearing Act of 2009 continues in the MRIS region. Over the last three months the number of homes for sale in the region has dropped over 6,000 units from 68,214 to 62,148 as heavy home sales and weak new listings combine to draw down the available supply. Bear in mind that all this is taking place during the time of year in which inventory is typically growing, not shrinking.

This means that buyers do have relatively less to choose from compared to a year ago. This is plain when looking at the Months Supply of Inventory in the region, down 30.7 percent from last year to 7.3 months.

A balanced market is considered to have 5 to 6 months of supply, so the market remains slightly tilted in favor of the buyer.

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

Note: Whether we are in a Buyers Market or Sellers Market can vary wildly from town-to-town, neighborhood-to-neighborhood, and price range-to-price range. If youd like more detailed information about your neighborhood – what homes are selling for, what the inventory is, what your home may be worth, etc – just give us a call at (703) 242-3975.

Market Overview – What's Happening Now?

HMMMM . . . very interesting . . . . temporary or sea change . . . ?

Here’s what MRIS (our local multiple listing service) reported to us on June 22nd in their “Weekly Activity Report”:

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Home sales are on a tear in the MRIS region. For the week ending June 13 there were 2,989 signed purchase agreements, an increase of 33.3 percent from the same week last year. That’s the eighth consecutive week of double-digit percentage increases from the year prior.

Supply is looking very different from demand. New listings for the most recent reporting week were down 10.7 percent from a year ago and that’s the 12th consecutive week of double-digit declines compared to the year prior.

Heavy sales and weak new listings have combined to draw the inventory of homes available for sale down dramatically. There are only 62,263 homes for sale currently, which represents a drop of a whopping 29.1 percent from a year ago.

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

And the report confirms what we are seeing in our local markets in Vienna and Oakton. In fact, last weekend we sold another listing in 2 days, with multiple contracts!

If you’d like more detailed information about your neighborhood – what homes are selling for, what your home may be worth, etc – just give us a call at (703) 242-3975.

OPEN HOUSES THIS WEEKEND

Where can you find Belt Team open houses this weekend?

~ Saturday, June 27th from Noon to 5PM at Francis Young Estates

~ Sunday, June 28th from 1PM to 4PM at 2406 Strkyer Avenue

~ Sunday, June 28th from Noon to 5PM at Francis Young Estates

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.

Francis Young Estates – Prices start at $1,219,900 .

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…

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!

Don't Win The Battle & Lose The War!

A few weeks ago, we saw mortgage rates rise for the first time in about seven months. We subsequently received what we thought to be a very sage email from a Loan Officer we know and we thought we’d share it with you. It addresses the dilemma many potential homebuyers feel they are in with regard to whether to buy now or wait for the market to drop further. The message is . . .

Don’t Win The Battle & Lose The War!

Here’s what Frank Kolencik, President of Capital Financial, has to say:

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Everyone Wants a Lower Price, But What About the Impact of Interest Rates?

When shopping for a home, the natural tendency of any buyer is to want to pay the lowest price possible. It’s important to keep in mind, however, that the sales price is not the only factor that determines what the monthly payment will be. In fact, the impact of higher interest rates can easily nullify any benefit of waiting for a lower price.

Why Should I Rush to Buy?

While you may have heard discussions in the media about the decline of property values in many markets, the rate of decline appears to be stabilizing.

That being said, it would not be unreasonable for buyers to want to hold out for an additional decline of 10%, hoping to capture the best possible price. However, as property values have declined in many areas to 2003 levels or lower, waiting longer to pull the trigger could be a mistake. Many markets are reporting that lower property values have been bringing out investors and the result has been multiple offers on many properties. Properties priced correctly are not declining and, in fact, are creating a lot of interest.

Interest Rate Complacency

The problem is that many home buyers have been lulled into a sense of complacency because of extremely low interest rates. Since the Federal Reserve initiated its program of buying mortgage-backed securities, which control the rates people pay for their home loans, rates had been range bound, bouncing between 4.50% to 5.00% for a 30-year fixed-rate loan.

But buyers shouldn’t be confused by this. These rates are artificially low! Historically, interest rates have been above 6.00%. And any rate obtained below this number is a great deal, especially on homes with price tags from 2003!

Markets are Unforgiving

The last two weeks of May showed just how unforgiving the markets can be for people who choose to procrastinate. In just five days, interest rates from many lenders increased anywhere from .50% to 1.00% as fixed-income investors demanded more for their money.

For anyone who was waiting for prices to drop even more, a 1.00% increase in interest rate would bring a higher monthly principal and interest payment on a home, even if the price of that same home had fallen an additional 10% in value.

If you are waiting for prices to fall even lower, be aware that while holding out for a lower price may help you win the battle, you could lose the war in terms of monthly payments and overall affordability. With the Federal Reserve scheduled to end its buying of mortgage-backed securities this year, rates only stand to go higher for those that wait. In fact, interest rates are already on the rise and could go higher from here.

Clock is Ticking on Free Money

If you are planning on purchasing their first home this year, be sure to know that you <must settle by 11/30/2009> to be eligible for a tax credit of up to $8,000. In a survey conducted in March by Move.com, nearly 50% of home buyers are currently unaware that this free money exists in the marketplace. And since over 50% of all buyers are first-timers in today’s market, this could impact your bottom line.

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We think this is WISE ADVICE!

Whether its a buyers market or a sellers 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 VA for their company year after year, but we also have a proven track record of working in the other down markets we experienced in the 80s & 90s that gives us the particular expertise that is vital to you in todays market. Our dedicated commitment to personal, professional service is combined with unique negotiating & marketing skills. We are happy & proud to be able to work together to combine business & family values and it would be a pleasure for our family to help your family make a successful move!

Terry, Kevin, Pauline, Mary Jane, Gail, Christy, Jerry & Tara

Open Houses This Weekend

OPEN SUNDAY, JUNE 17th from 1PM TO 4PM

207 Ceret Court in Vienna – $824,900

Meticulously cared for with lots of upgrades. Completely renovated kitchen (granite)! All baths renovated. Enchanting private backyard oasis! Walk to town plus mere minutes to Vienna Metro in a quiet cul-de-sac neighborhood. Owners have made all the right updates, just move in!

Directions: From Vienna, take Nutley St East (toward Vienna Metro), almost immediately, turn left on Roland, right on Ceret Ct to #207. Or from I-66/Vienna Metro – exit Nutley St (toward Vienna), right on Roland, right on Ceret.

Francis Young Estates – Prices start at $1,219,900 .

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…

For The Engineers In Our Audience . . .What Happened in Vienna Oakton Real Estate in May

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

Metropolitan Regional Information Systems, Inc. ZIP Code Statistics – <$100K to >$5M Format

ZIP Code: 22181 Vienna, VA
From: 05/01/2009 to 05/31/2009 Statistics generated on: 06/08/2009

	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	13
$100,000 – 149,999	0	0	0	1	0	0	0	0	31-60 Days	1
$150,000 – 199,999	0	0	0	1	0	0	2	0	61 – 90 Days	3
$200,000 – 249,999	0	0	0	1	0	0	4	0	91-120 Days	2
$250,000 – 299,999	0	0	0	0	0	1	2	0	Over 120 Days	5
$300,000 – 349,999	0	0	1	2	0	3	1	0	Total	24
$350,000 – 399,999	0	0	0	0	0	3	5	0
$400,000 – 449,999	0	0	0	0	0	3	0	0	Type of Financing of Units Sold (No. of Units)
$450,000 – 499,999	0	1	2	0	0	6	0	0	Type of Financing of Units Sold (No. of Units)
$500,000 – 599,999	0	2	2	1	0	10	0	0	Conventional	16
$600,000 – 699,999	0	0	4	0	0	12	0	0	FHA	4
$700,000 – 799,999	0	0	3	0	0	9	0	0	VA	1
$800,000 – 899,999	0	0	2	0	0	11	0	0	Assumption	3
$900,000 – 999,999	0	0	0	0	0	3	0	0	Cash	0
$1,000,000 – 2,499,999	0	0	1	0	0	17	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	3	15	6	0	79	14	0	Total	24
Grand Totals	24					93

	2009	2008	% Change
Total Sold Dollar Volume:	$ 13,304,800	$ 14,479,900	– 8.12 %
Average Sold Price:	$ 554,367	$ 603,329	– 8.12 %
Median Sold Price:	$ 557,500	$ 572,500	– 2.62 %
Total Units Sold:	24	24	0.00 %
Average Days on Market:	75	58	29.31 %
Average List Price for Solds:	$ 587,321	$ 632,396	– 7.13 %
Avg Sale Price as a percentage of Avg List Price:	94.39 %	95.40 %

Total NEW listings:	33
Total Properties Marked Contract:	11
Total Properties Marked Contingent Contract:	18
Total NEW pendings (Contracts + Contingents):	29

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 – <$100K to >$5M FormatZIP Code: 22180 Vienna, VA
From: 05/01/2009 to 05/31/2009 Statistics generated on: 06/08/2009

	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	10
$100,000 – 149,999	0	0	0	0	0	0	0	0	31-60 Days	4
$150,000 – 199,999	0	0	0	0	0	0	4	0	61 – 90 Days	1
$200,000 – 249,999	0	0	0	0	0	0	7	0	91-120 Days	1
$250,000 – 299,999	0	0	0	0	0	0	4	0	Over 120 Days	7
$300,000 – 349,999	0	0	0	0	0	0	4	0	Total	23
$350,000 – 399,999	0	4	2	2	0	5	5	0
$400,000 – 449,999	0	2	1	0	0	14	0	0	Type of Financing of Units Sold (No. of Units)
$450,000 – 499,999	0	4	3	0	0	11	0	0	Type of Financing of Units Sold (No. of Units)
$500,000 – 599,999	0	0	2	0	0	21	0	0	Conventional	16
$600,000 – 699,999	0	0	0	0	0	15	0	0	FHA	2
$700,000 – 799,999	0	0	0	0	0	1	0	0	VA	4
$800,000 – 899,999	0	0	0	0	0	10	0	0	Assumption	0
$900,000 – 999,999	0	1	0	0	0	4	0	0	Cash	1
$1,000,000 – 2,499,999	0	0	2	0	0	43	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	11	10	2	0	124	24	0	Total	23
Grand Totals	23					148

	2009	2008	% Change
Total Sold Dollar Volume:	$ 11,979,200	$ 14,722,900	– 18.64 %
Average Sold Price:	$ 520,835	$ 566,265	– 8.02 %
Median Sold Price:	$ 450,000	$ 529,950	– 15.09 %
Total Units Sold:	23	26	– 11.54 %
Average Days on Market:	134	68	97.06 %
Average List Price for Solds:	$ 560,661	$ 611,798	– 8.36 %
Avg Sale Price as a percentage of Avg List Price:	92.90 %	92.56 %

Total NEW listings:	54
Total Properties Marked Contract:	9
Total Properties Marked Contingent Contract:	24
Total NEW pendings (Contracts + Contingents):	33

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 – <$100K to >$5M FormatZIP Code: 22182 Vienna, VA
From: 05/01/2009 to 05/31/2009 Statistics generated on: 06/08/2009

	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	10
$100,000 – 149,999	0	0	0	0	0	0	0	0	31-60 Days	5
$150,000 – 199,999	0	0	0	0	0	0	0	0	61 – 90 Days	4
$200,000 – 249,999	0	0	0	0	0	0	0	0	91-120 Days	2
$250,000 – 299,999	0	0	0	0	0	0	0	0	Over 120 Days	4
$300,000 – 349,999	0	0	0	0	0	1	0	0	Total	25
$350,000 – 399,999	0	1	0	1	0	1	3	0
$400,000 – 449,999	0	0	0	0	0	2	1	0	Type of Financing of Units Sold (No. of Units)
$450,000 – 499,999	0	1	1	0	0	2	0	0	Type of Financing of Units Sold (No. of Units)
$500,000 – 599,999	0	4	3	0	0	18	0	0	Conventional	17
$600,000 – 699,999	0	3	3	0	0	31	0	0	FHA	5
$700,000 – 799,999	0	1	4	0	0	18	0	0	VA	0
$800,000 – 899,999	0	0	0	0	0	9	0	0	Assumption	0
$900,000 – 999,999	0	0	0	0	0	14	0	0	Cash	2
$1,000,000 – 2,499,999	0	0	3	0	0	55	0	0	Owner Finance	0
$2,500,000 – 4,999,999	0	0	0	0	0	0	0	0	All Other	1
$5,000,000 & Over	0	0	0	0	0	0	0	0	Unreported	0
Totals	0	10	14	1	0	151	4	0	Total	25
Grand Totals	25					155

	2009	2008	% Change
Total Sold Dollar Volume:	$ 16,813,990	$ 14,395,200	16.80 %
Average Sold Price:	$ 672,560	$ 846,776	– 20.57 %
Median Sold Price:	$ 629,000	$ 795,000	– 20.88 %
Total Units Sold:	25	17	47.06 %
Average Days on Market:	70	114	– 38.60 %
Average List Price for Solds:	$ 716,189	$ 920,553	– 22.20 %
Avg Sale Price as a percentage of Avg List Price:	93.91 %	91.99 %

Total NEW listings:	45
Total Properties Marked Contract:	14
Total Properties Marked Contingent Contract:	25
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 – <$100K to >$5M FormatZIP Code: 22124 Oakton, VA
From: 05/01/2009 to 05/31/2009 Statistics generated on: 06/08/2009

	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	11
$100,000 – 149,999	0	0	0	0	0	0	0	0	31-60 Days	2
$150,000 – 199,999	0	0	0	0	0	0	2	0	61 – 90 Days	3
$200,000 – 249,999	0	0	0	1	0	0	13	0	91-120 Days	1
$250,000 – 299,999	0	1	0	2	0	0	2	0	Over 120 Days	3
$300,000 – 349,999	0	0	0	1	0	3	3	0	Total	20
$350,000 – 399,999	0	1	0	0	0	3	3	0
$400,000 – 449,999	0	0	1	0	0	7	0	0	Type of Financing of Units Sold (No. of Units)
$450,000 – 499,999	0	1	1	0	0	6	0	0	Type of Financing of Units Sold (No. of Units)
$500,000 – 599,999	0	1	3	0	0	5	0	0	Conventional	12
$600,000 – 699,999	0	0	2	0	0	10	0	0	FHA	6
$700,000 – 799,999	0	0	0	0	0	6	0	0	VA	1
$800,000 – 899,999	0	0	2	0	0	13	0	0	Assumption	0
$900,000 – 999,999	0	0	1	0	0	6	0	0	Cash	1
$1,000,000 – 2,499,999	0	0	2	0	0	37	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	12	4	0	100	23	0	Total	20
Grand Totals	20					123

	2009	2008	% Change
Total Sold Dollar Volume:	$ 12,247,983	$ 14,411,262	– 15.01 %
Average Sold Price:	$ 612,399	$ 847,721	– 27.76 %
Median Sold Price:	$ 549,500	$ 700,000	– 21.50 %
Total Units Sold:	20	17	17.65 %
Average Days on Market:	51	124	– 58.87 %
Average List Price for Solds:	$ 663,704	$ 900,729	– 26.31 %
Avg Sale Price as a percentage of Avg List Price:	92.27 %	94.12 %

Total NEW listings:	40
Total Properties Marked Contract:	12
Total Properties Marked Contingent Contract:	25
Total NEW pendings (Contracts + Contingents):	37

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

Vienna Open Houses – Sunday, June 17th

OPEN SUNDAY, JUNE 7th from 1PM to 4PM:

2054 Carrhill Road in Vienna – $1,129,999
2406 Stryker Avenue in Vienna – $1,159,000
Francis Young Estates – new construction from Sekas Homes – From $1,249,900

Take a Tour
From One to Four.
The houses are cool.
One even has a pool.
It’s a great time to buy.
So don’t be shy!

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.

Francis Young Estates – Prices start at $1,249,900 .

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…

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

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.

What Sold in Vienna and Oakton in May?

Many of you have called to find out what sold in Vienna and Oakton in May. Now that the MLS has been updated with May settlement info, we are happy to report the May statistics for Vienna Oakton real estate. It looks like lots of people are taking advantage of a great time to buy!

VIENNA: May 09 May 08

# New Listings                                    127                     96
# Under Contract                                101                     84
# Sold/Settled                                     69                      69

Average Days on Market
for May Solds 94 days 79 days
Highest Price Sale $1,315,000 $1,400,000

OAKTON: May 09 May 08

# New Listings                                      38                      31
# Under Contract                                 37                       26
# Sold/Settled                                     20                       17

Average Days on Market
for May Solds 51 days 124 days
Highest Price Sale $1,600,000 $1,705,000

What Sold (ie- went to settlement) in Oakton in May 2009?

Under $500,000:

10202 Bushman Drive #204 – $207,000 (less a $6,210 subsidy = $200,790 Net)
10300 Bushman Drive #205 – $257,500 (No subsidy)
10213C Willow Mist Ct #63 – $272,000 (less a $7,000 subsidy = $265,000 Net)
9929 Blake Lane – $287,000 (No subsidy)
10161 Oakton Terrace Rd – $314,000 (less a $5,000 subsidy = $309,000 Net)
10353 Granite Creek Ln – $360,000 (No subsidy)
3151 Stratford Ct – $420,000 (less a $10,000 subsidy = $410,000 Net)
3027 Barden Oaks Ct – $450,000 (No subsidy)
10410 Lake Ridge Dr – $495,000 (No subsidy)

$500,000 to $775,000:

10525 Elmenden Ct – $549,000 (less a $5,000 subsidy = $544,000 Net)
3146 Elmendorf Dr – $550,000 (No subsidy)
2919 Elmridge Ct – $575,500 (No subsidy)
2807 Bree Hill Rd – $597,000 (less a $12,000 subsidy = $585,000 Net) (BELT TEAM SALE!)
11276 Waples Mill Rd – $613,095 (No subsidy)
2803 Oakton Mill Dr – $675,000 (less a $10,000 subsidy = $665,000 Net)

$775,000 to $999,000:

10122 Leakane Ct – $820,888 (No subsidy)
10902 Berryland Ct – $845,000 (No subsidy)
3403 Waples Glen Ct – $960,000 (less a $10,000 subsidy = $950,000 Net) (BELT TEAM LISTING!)
$1,000,000 and up:
3004 Applebrook Lane – $1,400,000 (No subsidy)
10809 Tradewind Dr – $1,600,000 (No subsidy)

What Sold (ie- went to settlement) in Vienna in May 2009?

Under $500,000:

2633 Glengyle Dr #80 – $126,500 (less a $49,15 subsidy = $121,585 Net)
2540 Glengyle Dr #174 – $201,000 (less a $6,030 subsidy = $194,970 Net)
2765 Centerboro Dr #264 – $310,500 (No subsidy)
9852 Sweet Mint Dr – $331,500 (No subsidy)
2791 Centerboro Dr #371 – $340,500 (No subsidy)
7897 Tysons Oak Cir – $365,000 (less a $13,345 subsidy) = $351,655 Net)
2808 Yeaonas Dr – $355,000 (less a $3,000 subsidy = $352,000 Net)
2720 Belleforest Ct #403 – $379,900 (less a $22,790 subsidy = $357,110 Net)
2665 Manhattan Pl #02/103 – $365,000 (No subsidy)
504 Stephen Circle – $375,000 (less a $10,000 subsidy = $365,000 Net)
503 Gibson Circle SW – $387,000 (less a $11,610 subsidy = $375,390 net)
1547 Northern Neck Dr #201 – $380,000 (No subsidy)
8608 Dellway Ln – $380,000 (No subsidy)
506 Valley Dr SE – $390,500 (No subsidy)
1008 Frederick St SW – $399,900 (No subsidy)
2823 Knollside Ln – $402,000 (No subsidy)
129 Casmar St SE – $428,000 (less a $15,000 subsidy = $413,000 Net)
115 Hickory Cir SW – $425,000 (less a $5,000 subsidy = $420,000 Net)
105 Yeonas Dr SW – $450,000 (No subsidy)
447 West St NW – $451,000 (No subsidy)
113 Hickory Cir SW – $459,000 (No subsidy)
206 James Dr SW – $465,000 (No subsidy)
104 Tapawingo Rd SE – $469,000 (No subsidy)
9910 Michael Schar Ct – $480,000 (less a $10,000 subsiy = $470,000 Net)
9855 Snowbound Ct – $479,900 (less a $8,500 subsidy = $471,400 Net)
1818 Abbotsford Dr – $472,500 (No subsidy)
345 Holmes Dr NW – $499,900 (less a $15,247 subsidy = $484,653 Net)
9777 Oleander Ave – $492,500 (less a $3,500 subsidy = $489,000 Net)
907 Lauren Ln SE – $493,000 (No subsidy)
1814 Prelude Dr – $499,900 (less a $5,649 subsidy = $494,251 Net)

$500,000 to $775,000:

8039 Merry Oaks Ct – $500,000 (No subsidy)
2300 Gerken Ave – $520,000 (No subsidy)
2062 Pieris Ct – $529,000 (less a $4,000 subsidy = $525,000 Net)
2320 Tanglevale Dr – $555,000 (less a 11,300 subsidy = $543,700 Net)
2100 Sabrina Dr – $545,000 (No subsidy)
8013 Merry Oaks Ln – $562,960 (less a $5,0000 subsidy = $557,970 Net)
2711 Earls Ct – $560,000 (less a $10,000 subsidy – $550,000 Net)
8534 Electric Ave – $560,000 (No subsidy)
101 Sherperdson Ln NE – $565,000 (No subsidy)
504 Park St NE – $575,000 (less a $10,000 subsidy = $565,000 Net)
1811 Midlothian Ct – $580,000 (No subsidy)
7981 Reserve Way – $592,000 (No subsidy)
9409 Van Arsdale Dr – $595,000 (No subsidy)
8150 Boss St – $625,000 (less a $10,000 subsidy – $615,000 Net)
8146 Boss St – $629,000 (less a $12,580 subsidy = $616,420 Net)
8024 Kidwell Hill Ct – $640,000 (less a $5,000 subsidy = $635,000 Net)
10200 Westford Dr – $650,000 (No subsidy)
9790 Meadow Valley Dr – $672,500 (less a $4,000 subsidy = $668,500 Net)
1732 Key West ln – $690,000 (less a $10,000 subsidy = $680,000 Net)
2510 Fernwood Dr – $687,500 (less a $3,000 subsidy = $684,500 Net)
9818 Fox Rest Ln – $690,000 (less a $5,000 subsidy – $685,000 Net)
10101 Nadine Dr – $700,000 (less a $15,000 subsidy = $685,000 Net)
9818 Fox Rest Ln – $690,000 (less a $5,000 subsidy – $685,000 Net)
9400 Delancey Dr – $700,000 (less a $10,000 subsidy = $690,000)
1995 Barkham Ln – $695,000 (No subsidy)
1844 Brenthill Way – $710,000 (No subsidy)
9913 Corsica St – $710,000 (No subsidy)
9304 Arabian Ave – $715,000 (No subsidy)
10024 Lochness Ct – $750,000 (less a $11,250 subsidy = $738,750 Net)
1822 Abbey Oak Dr – $749,000 (No subsidy)
8029 Reserve Way – $790,000 (less a 16,000 subsidy = $774,000 Net)

$775,000 to $999,000:

2072 Kedge Dr – $804,000 (less a $4,000 subsidy = $800,000 Net)
2902 Gretna Pl – $850,000 (No subsidy)
227 Locust St SE – $930,000 (No subsidy)

$1,000,000 and up:

549 Orchard St NW – $1,020,000 (No subsidy)
2093 Hunters Crest Way – $1,050,000 (No subsidy)
8091 Westchester Dr – $1,185,000 (no subsidy)
1835 Elgin Dr – $1,200,000 (No subsidy)
9611 Pembroke Pl – $1,250,000 (No subsidy)
406 Glyndon St SE – $1,315,000 (less a $24,000 subsidy = $1,291,000 Net)

For more information on any of these sales (or if you would like information on other areas such as Great Falls, McLean, Reston, etc…), or if you are thinking of buying or selling a home, please contact The Belt Team at (703) 242-3975. The Belt Team has sold more homes in Vienna Oakton than any other Realtor since 1972. It would be our pleasure to help make your real estate dreams come true!

Three Vienna Open Houses This Weekend!

JRR Tolkien once said, “His house was perfect, whether you liked food, or sleep, or work, or story-telling, or singing, or just sitting and thinking, best, or a pleasant mixture of them all.

Could he have been talking about one of the homes we are holding open this weekend? They really are quite spectacular! Come visit us and check them out for yourself.

Sunday, June 7th – 1PM to 4PM

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

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

Sunday, June 7th – 1PM to 4PM

Francis Young Estates – Prices start at $1,249,900 .

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…

Sunday, June 7th – 1PM to 4PM

10281 Johns Hollow Road in Vienna – $2,175,000

This stately, custom home beauty is sited on 2.46 gorgeous acres in picturesque Victoria Farms. Enjoy approximately 12,000 finished square feet of unsurpassed quality & finish work, elegant detail and every amenity. Click here for a Video Tour: http://www.homevisit.com/mlsTour/?ver=1&id=37604 And for more info about this listing: http://www.thebeltteam.com/northern-virginia-real-estate/listing_361.html

Directions: From Tysons: Route 123 into Vienna, Right Beulah, Left Browns Mill (Crowell), Left Victoria Farms, Left Johns Hollow to #10281. (Or from Dulles Access Road, exit Hunter Mill to Right on Crowell, Right Victoria Farms, Left Johns Hollow).

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