What Sold in Vienna and Oakton in September?

   

Now that the calendar page has been flipped to October, it’s time to report on September statistics for Vienna Oakton real estate.

In both Vienna and Oakton, sales in September 2009 were way up over September 2008. The market is still segmented however, with the lower price ranges moving much more quickly. (For example, of the 18 sales in Oakton, only 2 homes sold over $605,000. While in Vienna, 40% of the sales were above $605,000.) Overall, we seem to be headed back toward a more balanced market.  Here is the Vienna Oakton market information for September:

VIENNA:                                                   Sept 09                   Sept 08

# New Listings                                               100                          90                      
# Under Contract                                            83                           43               
# Sold/Settled                                                 58                           57         

Average Days on Market
for September Solds                                  77 days                    72 days   
Highest Price Sale                                    $1,900,000            $1,350,000

OAKTON:                                                  Sept 09                   Sept 08

# New Listings                                                 31                            35                 
# Under Contract                                            27                            16                        
# Sold/Settled                                                 18                             15                                  
Average Days on Market
for September Solds                                 83 days                  86 days   
Highest Price Sale                                   $1,340,000            $1,750,000

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

Under $500,000:

10044 Oakton Terrace Rd – $185,000 (less a $3,000 subsidy = $182,000 Net)
10043 Oakton Terrace Rd – $210,000 (no subsidy)
10196A Ashbrooke Ct #121 – $220,000 (less a $6,000 subsidy = $214,000 Net)
10216 Bushman Dr #224 – $245,000 (less a $6,000 subsidy = $239,000 Net)
10191B Ashbrooke Ct #102 – $259,900 (less a $2,599 subsidy = $257,301 Net)
9983 Capperton Dr – $300,700 (no subsidy)
2817 Jermantown Rd #303 – $315,000 (no subsidy)
10302 Cherry Blossom Ct – $365,000 (no subsidy)
3701 Michele Ct – $410,000 (no subsidy)
10520 Elmenden Ct – $441,000 (less a $13,000 subsidy = $428,000 Net)
3153 Bradford Wood ct – $435,000 (no subsidy)
3105 Valentino Ct – $440,000 (less a $500 subsidy = $439,500 Net)
3152 Valentino Ct – $448,100 (no subsidy)

$500,000 to $775,000:

10800 Mantilla Ct – $557,000 (no subsidy)
12031 Hamden Ct – $590,000 (less a $27,000 subsidy = $563,000 Net)
10416 Adel Rd – $605,000 (no subsidy)

$775,000 to $999,000: NONE!

$1,000,000 and up:

11727 Saddle Crescent Rd – $1,070,000
2755 Marshall Lake Dr – $1,340,000

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

Under $500,000:
2518 Glengyle Dr #205 – $214,000 (no subsidy)
2726 Gallows Rd #909 – $264,000 (no subsidy)
2726 Gallows Rd #704 – $270,000 (no subsidy)
9923 Longford Ct – $330,000 (less a $11,550 subsidy = $318,450 Net)
207A Park St SE – $320,000 (no subsidy)
109 Tapawingo Rd SW – $336,900 (no subsidy)
9832 Sweet Mint Dr – $347,500 (less a $3,500 subsidy = $344,000 Net)
1573 Northern Neck Dr #101 – $360,000 (less a $10,800 subsidy = $349,200 Net)
2700 Belleforest Ct #107 – $365,000 (no subsidy)
1530 Northern Neck Dr #202 – $385,000 (less a $5,000 subsidy = $380,000 Net)
7971 Tysons Oak Circle – $383,000 (less a $1,000 subsidy = $382,000 Net)
2843 Lafora Ct – $395,000 (no subsidy)
2766 Stone Hollow Dr – $410,000 (less a $7,500 subsidy = $402,500 Net)
2723 Sutton Rd – $410,000 (no subsidy)
1204 Drake St SW – $415,000 (no subsidy)
609 Truman Cir SW – $430,000 (no subsidy)
1006 Hillcrest Dr SW – $432,000 (no subsidy)
508 Meadow Ln SW – $439,000 (no subsidy)
1020 Moorefiled Hill Pl SW – $440,000 (less a $1,000 subsidy = $439,000 Net)
705 Ware St SW – $450,000 (less a $9,000 subsidy = $441,000 Net)
1210 Drake St SW – $452,000 (less a $3,500 subsidy = $448,500 Net)
261 Lawyers Rd NW – $465,000 (less a $6,050 subsidy = $458,950 Net)
9686 Scotch Haven Dr – $465,000 (less a $5,800 subsidy = $459,200 Net)
2707 Shawn Leigh Dr – $480,000 (less a $10,000 subsidy = $470,000 Net)
9938 Vale Rd – $480,000 (no subsidy)
600 Kingsley Rd SW – $480,000 (no subsidy)
9627 Scotch Haven Dr – $490,000 (no subsidy)

$500,000 to $775,000:

2727 Manhattan Place – $519,900 (less a $10,000 subsidy = $509,900 Net) (BELT TEAM LISTING!)
1825 St. Boniface St – $525,000 (less a $5,000 subsidy = $520,000 Net)
8023 Merry Oaks Ct – $525,000 (no subsidy)
8101 Quinn Terr – $555,000 (less a $5,000 subsidy = $550,000 Net)
107 Ross Dr SW – $555,000 (no subsidy)
2427 Hunter Mill Rd – $585,900 (less a $19,000 subsidy = $566,900 Net)
131 Mendon Ln SW – $569,900 (less a $10,000 subsidy = $559,900 Net) BELT TEAM LISTING!
1932 Baton Dr – $575,000 (no subsidy)
8818 Olympia Fields Ln – $600,000 (no subsidy)
9503 Percussion Way – $640,000 (less a $11,300 subsidy = $628,700 Net)
9597 Lagersfield Cir – $640,000 (less a $10,000 subsidy = $630,000 Net)
9554 Pine Bough Pl – $633,000 (no subsidy)
1923 Labrador Ln – $655,000 (no subsidy)
10402 Dunn Meadow Rd – $665,000 (less a $7,500 subsidy = $657,500 Net)
1830 Battery Park St – $659,000 (no subsidy)
8082 Criaza Branch Ct – $681,000 (no subsidy)
2212 Nobehar Dr – $695,000 (no subsidy)
2540 Meredith Dr W – $702,000 (no subsidy)
2815 Glade Vale Way – $729,000 (less a $10,000 subsidy = $719,000 Net)
2069 Woodford Ct – $760,000 (less a $5,000 subsidy = $755,000 Net)

$775,000 to $999,000:

1007 Lynn St SW – $850,000 (less a $25,000 subsidy = $825,000 Net)
9601 Savannah Crossing Ct – $965,000 (no subsidy) BELT TEAM LISTING!
2755 Cody Rd – $975,000 (no subsidy)

$1,000,000 and up:

1710 Landon Hill Rd – $1,000,000
8306 Elm Grove Ct – $1,075,000 (less a $4,000 subsidy = $1,071,000 Net)
1960 Limb Tree Ln – $1,100,000 (no subsidy)
111 Harmony Dr SE – $1,120,000 (no subsidy)
545 Orchard St NW – $1,135,000 (no subsidy) BELT TEAM SALE!
415 Cynthia Ln NE – $1,139,465 (less a $5,650 subsidy = $1,133,815 Net) BELT TEAM SALE & BELT TEAM LISTING!
2731 Hidden Rd – $1,150,000 (no subsidy)
8262 Trailwood Ct – $1,250,000 (no subsidy)
10412 Hunters Valley Rd – $1,900,000 (less a $30,000 subsidy = $1,870,000 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 (and we also cover areas ranging from Loudoun County to Arlington to Silver Spring)! It would be our pleasure to help make your real estate dreams come true!

Weekly Market Update – Headed Toward Equilibrium?

 

Here is what MRIS reports for today:

Home sales in the MRIS region remain robust as fall progresses and the final days of the final days of the federal tax credit for first-time home buyers draw closer.

Home sales for the week ending September 26 were a <strong> 39.4 percent higher than during the same week a year ago—jumping from 1,963 to 2,737.

New listings are a completely different story, dropping 4.9 percent from last year at this time.

During the last three months there have been more than 5,000 fewer new listings than during the same period in 2008.

The growth in demand and weakening of new supply means the total inventory of homes is shrinking and the market is falling back towards a balanced equilibrium.”

You’ll have to stay tuned while we check our crystal ball to see if this is a temporary situation or a sea change.

 

In the meantime, when you are ready to buy or sell a home, make sure you contact The Belt Team for a specific analysis of the neighborhood you live in or the neighborhood you want to move to.

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!

Open This Weekend!

Pete Seeger ~ Trini Lopez ~ Peter, Paul & Mary ~ and a host of others used to sing: “If I had a hammer, I’d hammer in the morning, I’d hammer in the evening” . . .  

No need for you to wield a hammer when Sekas Homes can do it for you!

Come visit some spectacular homes at our open house this weekend at Francis Young Estates!

Saturday and Sunday, October 3rd & 4th from Noon to 5PM

Francis Young Estates – Prices start at $1,199,900 .

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

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!