Month: April 2011

Open House In Vienna – Sunday, May 1st

TGIF & time for our Open House Theme Song of the Week!

This week we give you a kid’s song from The British Learning Council. It’s called “Animal House“. If you’re feeling like you need more space – maybe you just need to get out of your existing house and find a new home, a fresh start – then this song is for you. And not only do we have a song for you, we’ve got a great new listing being held open this Sunday. It just might be your new dream home! So listen to our “Theme Song of the Week” for inspiration and then come visit us! (Scroll down for open house details)

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FIRST TIME OPEN! OPEN SUNDAY, MAY 1st 1-4PM

1609 Chathams Ford Place in Vienna – $959,900

Captivating briock front colonial in a fabulous Vienna location – close to Tysons & the upcoming Silver Line Metro. Large .83 acre cul-de-sac lot with extensive landscaping. Updated kitchen in 2011 includes stainless appliances & granite countertops and opens to a stunning two-story family room with gas fireplace. Tray ceiling master suite with luxrious bath. Finished walkup lower level.

Directions to 1609 Chathams Ford Place: From Tysons: Route 7 West to left on Beulah Rd, just past Toll Rd, left on Chathams Ford Drive, right Chathams Ford Place to #1609.

More Info about 1609 Chathams Ford Place in Vienna

Read about “Life In Vienna“

Contact The Belt Team

This Week In Vienna / Oakton Real Estate – 6 Things You Need To Know

What happened in Vienna and Oakton real estate this past week?

1. The rate at which homes went under contract remained strong. Vienna saw 20 homes go under contract and Oakton had 6.

2. Many homes are selling quickly. As an example, The Belt Team put a home on the market on Loch Lomond Drive in Vienna recently and sold it in 1 day! 46% of the homes that went under contract in Vienna and Oakton this past week sold in less than 2 weeks. (However, note that “average days on market” for active listings is still about 103 days.)

4. Three homes listed above $1 million (12%) went under contract this week. While 77% of the homes that went under contract were listed under $800,000.

5. While inventory is at its highest level this year, the housing supply in both Vienna & Oakton remains VERY low. If homes continue to sell at the contract rate we have seen over the past 30 days, based on today’s inventory – there is only a 2.2 month supply of homes in Vienna and a 3 month supply in Oakton! (Can you say SELLER’s MARKET?!)

6. Multiple contracts on one home are not an event of the past. For yet another week in a row, we saw homes go under contract within days of going on the market after receiving competing contracts.

SELLERS

NOW NOW NOW is a great time to sell! Flowers are blooming, trees are filling out, your home will look its best. And more importantly INVENTORY IS LOW. This is optimal for you!

(In 2010, Belt Team listings in Vienna sold in an average of 22 days. That’s a whole month faster (and a whole mortgage payment saved) than the average agent. In Oakton and all around Northern Virginia, we had similar results. If you would like The Belt Team to represent you, contact us here or call (703) 242-3975).

BUYERS

If you have been looking for a while and waiting for that perfect home to come on the market, don’t give up. But DO make sure you are ready (with your loan fully approved, fund ready to write an earnest money deposit check, etc.) and that you have a Realtor on your side working in YOUR best interests. The Belt Team has assisted 4 Buyers already this year in finding their “ideal home” via networking & prospecting on their behalf to find homes for them that were not even on the market.

(Contact The Belt Team if you would like us to help you find your “dream home”)

For our detail-oriented readers, here are last week’s stats:

Last week in Vienna Real Estate (22180,22181, 22182):

  • Number of Contracts: 20
  • Average Days on Market for Active Listings: 103 days
  • Average Days on Market for Listings That Went Under Contract: 52 days
  • Inventory: 208 homes on the market
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 2.6 months
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 2.2 months

Here are last week’s stats for Oakton Real Estate (22124):

  • Number of Contracts: 6
  • Average Days on Market for Active Listings: 104 days
  • Average Days on Market for Listings That Went Under Contract: 46
  • Inventory: 90 homes on the market
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 3.7 months
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 3.0 months

If you’re thinking of buying or selling a home, Contact The Belt Team for a more in-depth discussion & analysis – because it’s only the neighborhood YOU live in (or you WANT to live in) that matters!

Just Listed in Hunt Valley Estates in Oakton!

Just Listed!  Come prepared to fall in love! Gorgeous water & wooded views from all 3 levels of this custom home at the end of a peaceful cul-de-sac backing to Difficult Run Stream Valley Park! Plus multiple decks that offer plenty of areas to enjoy the spectacular scenery & setting. Each bedroom has its own private bath. Features also include a two story family room with stone fireplace & atrium doors to the deck, kitchen with upgraded granite countertops, and a finished walkout lower level with additional bedroom & bath. Approx 6,000 finished square feet of living space – WOW! $1,139,847

More Info about 2801 Pine Hollow Road in Oakton

Contact The Belt Team

Just Listed On Thompson Run Ct In Vienna!

Just Listed! This totally enchanting home is on a beautiful .60 acre lot in a great location! Enjoy Palladian windows, a light filled finished walkout lower level, front & rear staircases, a fabulous bay windowed dining room, two fireplaces, five bedrooms, 4.5 baths, custom deck & more! $1,175,000

More Info about 1290 Thompson Run Court in Vienna

Read about “Life In Vienna“ Contact The Belt Team

All Creatures Great & Small (The Real Estate Version)

Everyone looks for something different in a home. Some want a cozy space, no yard, no maintenance. Some want grandeur, elegance and plenty of room for entertaining and family living. To each his own – right?

                 

So here’s our version of the classic “All Creatures Great & Small“ – real estate style! Here are examples of the least expensive & most expensive home for sale in each of a variety of local cities: Vienna, Oakton, McLean, Great Falls, Fairfax, Arlington & Reston. It’s quite a spread! If you find you’re interested in one of these homes or would like some assistance finding your own castle. contact The Belt Team, because “big & small, we sell them all!”.

VIENNA

OAKTON

GREAT FALLS

MCLEAN

RESTON

FAIRFAX

ARLINGTON

Open Houses in Vienna – April 17th

TGIF & time for our Open House Theme Song of the Week!

This week, it’s an oldie but goodie from British reggae group UB40 – remember them?  The song is called “I Can’t Help Falling In Love“. We think that’s what you might be singing on your way home from our open houses this Sunday. Hope to see you there. We’ve got 2 fabulous opportunities! So listen to UB40 for inspiration and then come visit us! (Scroll down for open house details)

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FIRST TIME OPEN! OPEN SUNDAY, APRIL 17TH 1-4PM

10515 Walter Thompson Drive in Vienna – $798,987

Delightful contemporary style home in sought after Hunters Valley! Convenient one-level living plus an unfinished walkout basement with lots of potential. Gorgeous 1.05 acre lot backing to parkland. Kitchen & bathrooms completely updated in 2011. Features also include 3 fireplaces, vaulted ceilings, a 70 fabulous 70 foot deck and a brand new furnace & heat pump. Madison HS pyramid.

Directions to Walter Thompson Drive: From Oakton: North on Hunter Mill, Left Wickens, Left Walter Thompson. OR From Tysons: Route 123 South, Right Lawyers Rd, Left Hunter Mill, Right Wickens, Left Walter Thompson. OR From Toll Road: South on Hunter Mill, Right Wickens, Left Walter Thompson.

More Info about 10515 Walter Thompson Drive in Vienna

Read about “Life In Vienna“

Contact The Belt Team

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Battle Street in Vienna – $1,299,987 – Open Sunday 1-4PM

Note: The home on Battle Street is under construction, so the open house is being held at 903 Plum Street SW. The home on Plum Street is under contract, but the same builder (Dominion Associates) is building a similar home (possibly with a different elevation) less than a mile away on Battle Street. Please come visit this home for an idea of floorplan, quality & finishes.

Directions to Plum Street: From Tysons: Route 123 South into Vienna, Left Park Street, Right Tapawingo Rd, Left Plum. OR – from I66/Vienna Metro – take Nutley toward Vienna, Right Tapawingo, Right Plum.

More Info about 903 Plum Street SW

Read about “Life In Vienna, VA”

Contact The Belt Team

This Week In Vienna Oakton Real Estate – 6 Things You Need To Know

What happened in Vienna and Oakton real estate this past week?

1. Vienna tied last week’s one week contract record with 25 homes going under contract (more than in than any other week in 2011 – except last week – and more than any week in 2010).

2. Oakton had 5 homes go under contract. This is also healthy and about exactly what we have averaged so far in 2011.

3. Once again, 58% of the homes that went under contract in Vienna and Oakton sold in a week or less. (However, note that “average days on market” for active listings is still 111 days in Vienna and 93 days in Oakton.)

4. 77% of the homes that went under contract were listed under $800,000. And only 1 home went under contract that was listed above $1 million.

5. The housing supply in Vienna has now dropped to the lowest we have seen since we started posting weekly statistics in January of 2010. If homes continued to sell at the contract rate we have seen over the past 30 days, based on today’s inventory – there is only a 2 month supply of homes! (Can you say SELLER’s MARKET?!)

6. In Oakton, we are seeing a more “balanced market” with a 4.7 month supply of homes based on the past 30 day contract rate.

SELLERS

NOW NOW NOW is a great time to sell! Flowers are blooming, trees are filling out, your home will look its best. And more importantly INVENTORY IS LOW. This is optimal for you!

(In 2010, Belt Team listings in Vienna sold in an average of 22 days. That’s a whole month faster (and a whole mortgage payment saved) than the average agent. In Oakton and all around Northern Virginia, we had similar results. If you would like The Belt Team to represent you, contact us here or call (703) 242-3975).

BUYERS

If you have been looking for a while and waiting for that perfect home to come on the market, don’t give up. But DO make sure you are ready and that you have a Realtor on your side working in YOUR best interests. The Belt Team has assisted 4 Buyers already this year in finding their “ideal home” via networking & prospecting on their behalf to find homes for them that were not even on the market.

(Contact The Belt Team if you would like us to help you find your “dream home”)

For our detail-oriented readers, here are last week’s stats:

Last week in Vienna Real Estate (22180,22181, 22182):

  • Number of Contracts: 25
  • Average Days on Market for Active Listings: 111 days
  • Average Days on Market for Listings That Went Under Contract: 27 days
  • Inventory: 194 homes on the market
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 2.6 months
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 2.0 months

Here are last week’s stats for Oakton Real Estate (22124):

  • Number of Contracts: 5
  • Average Days on Market for Active Listings: 93 days
  • Average Days on Market for Listings That Went Under Contract: 31
  • Inventory: 94 homes on the market
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 4.0 months
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 4.7 months

If you’re thinking of buying or selling a home, Contact The Belt Team for a more in-depth discussion & analysis – because it’s only the neighborhood YOU live in (or you WANT to live in) that matters!

Vienna Real Estate – Month In Review (March)

How did March 2011 compare to March 2010 when it comes to real estate in Vienna, VA? Check out the statistics below:

VIENNA:                                                  Mar 2011                   Mar 2010

# New Listings                                    128                         187           

# Under Contract                                 78                           86

# Sold/Settled                                     52                           55

Average Days on Market

for February Solds                             57 days                  60 days    

Highest Price Sale                           $1,586,922                $2,100,000

Statistics for our most requested areas are posted frequently here on our blog, but if you’re thinking of buying or selling, contact The Belt Team for a more in-depth discussion & analysis – because it’s only the neighborhood YOU live in (or you WANT to live in) that matters!

Oakton Real Estate – Month In Review (March)

How did March 2011 compare to March 2010 when it comes to real estate in Oakton, VA? Check out the statistics below:

OAKTON:                                                  Mar 2011                   Mar 2010

# New Listings                                     53                          58          

# Under Contract                                 26                          32

# Sold/Settled                                     17                          15

Average Days on Market

for February Solds                             92 days                   60 days    

Highest Price Sale                            $1,327,829                $1,200,000

Statistics for our most requested areas are posted frequently here on our blog, but if you’re thinking of buying or selling, contact The Belt Team for a more in-depth discussion & analysis – because it’s only the neighborhood YOU live in (or you WANT to live in) that matters!

Reston Real Estate – Month In Review (March)

How did March 2011 compare to March 2010 when it comes to real estate in Reston? Check out the statistics below:

RESTON:                                                  Mar 2011                   Mar 2010

# New Listings                                     137                       195           

# Under Contract                                 114                       130  

# Sold/Settled                                      87                         97

Average Days on Market

for February Solds                            55 days                   53 days    

Highest Price Sale                            $902,100                 $930,000

Statistics for our most requested areas are posted frequently here on our blog, but if you’re thinking of buying or selling, contact The Belt Team for a more in-depth discussion & analysis – because it’s only the neighborhood YOU live in (or you WANT to live in) that matters!