TGIF! That means it’s time for our Friday Funday Video & Open House Announcements.
First, our video. In honor of turning the calendar from March to April – we bring you “April Smith and The Great Picture Show“. They’ll be playing right here in DC in May. That’s one of the great things about living in Oakton – it has the feel of being in the country and yet you’re still mere minutes from the city. So take a listen, scroll down for open house details and then come visit us at Pine Street on Sunday. It just might be the PERFECT home for YOU!
OPEN SUNDAY – 1 to 4PM – 10133 Pine Street in Oakton – $649,900
JUST LISTED! This lovely home is in a fabulous location in a quiet neighborhood with a rural feel, yet central to lots of amenities and even less than a mile to Vienna Metro. Enjoy a shaded backyard with deck & patio – perfect for both relaxing & entertaining. Inside, youll love the open, airy layout ~ spacious vaulted ceiling family room ~ hardwood floors ~ updated kitchen ~ updated baths upstairs ~ finished walkout lower level with rec room, 4th bedroom, 3rd full bath & office with built-ins ~ plus lots of storage!
This lovely home is in a fabulous location in a quiet neighborhood with a rural feel, yet central to lots of amenities and even less than a mile to Vienna Metro. Enjoy a shaded backyard with deck & patio – perfect for both relaxing & entertaining. Inside, you’ll love the open, airy layout ~ spacious vaulted ceiling family room ~ hardwood floors ~ updated kitchen ~ updated baths upstairs ~ finished walkout lower level with rec room, 4th bedroom, 3rd full bath & office with built-ins ~ plus lots of storage!
We have LOTS of listings coming on the market this Spring. Let us know if you would like to be on our PRIORITY NOTIFICATION LIST so that you can find out about listings BEFORE they hit the market!
A slight rise in inventory puts Oakton back into a Balanced Market this week. (A Balanced Market is defined as a market with a 4-6 month housing supply, whereby the market is in its natural, healthy state with no advantage seen to either Buyers or Sellers.)
Vienna, on the other hand, remains in a HOT Seller’s Market. Based on the past 30 days’ sales, Vienna has less than a 2 month housing supply! (Current housing supply is just 168 homes and in the past 30 days, 120 homes have gone under contract.) We are continuing to see multiple contracts and homes are selling quickly. In the past week, 42% of the homes that went under contract sold in two weeks or less!
Detailed statistics for Vienna & Oakton are below. Contact The Belt Team if you would like statistics on YOUR particular market!
Last week in Vienna Real Estate (22180,22181, 22182):
Number of Contracts: 33
Average Days on Market for Active Listings: 119 days
Average Days on Market for Listings That Went Under Contract: 49 days
Inventory: 168 homes on the market
Number of Months Supply of Homes (Based on past 90 day contract rate): 2.0 months
Number of Months Supply of Homes (Based on past 30 day contract rate): 1.4 months
Here are last week’s stats for Oakton Real Estate (22124):
Number of Contracts: 8
Average Days on Market for Active Listings: 76 days
Average Days on Market for Listings That Went Under Contract: 60
Inventory: 83 homes on the market
Number of Months Supply of Homes (Based on past 90 day contract rate): 3.8 months
Number of Months Supply of Homes (Based on past 30 day contract rate): 4.0 months
If you’re thinking of buying or selling a home, Contact The Belt Team at (703) 242-3975 for a more in-depth discussion & analysis – because it’s only the neighborhood YOU live in (or you WANT to live in) that matters. We’ll be happy to schedule a consultation and get very detailed about “YOUR Market”? so that you can make the decision that is best for YOU!
Email The Belt Team (or call us at 703-242-3975) to request a FREE WRITTEN REPORT of your home’s value or to be put on our FREE PRIORITY NOTIFICATION LIST for special buying opportunities that are not in the MLS or on the Internet. In a market like this, don’t you want to know about homes BEFORE they hit the market?
When you are getting ready to put your home on the market, your Realtor should set you up in the best position of strength possible. This applies to many areas – most important is pricing – but it also applies to preparation & staging, marketing & communcation. We prepare our clients to put themselves in place for the greatest success possible. Communication is one of our strong suits. From the day we meet for the first time – all the way up through settlement – we walk our Sellers through every step – from what to expect from the process – to what to say to Buyers (or what NOT to say!). Here’s an example of what we tell our Sellers:
TIPS ON WHAT NOT TO DISCUSS WITH POTENTIAL BUYERS (OR THEIR REAL ESTATE AGENTS – regardless of whom they represent).
Keep in mind that Buyers want to obtain the LOWEST PRICE and BEST TERMS FOR THEMSELVES. And that your listing agent has YOUR best interests at heart and is experienced & practiced at the best way to handle these questions and how the answers to the questions might impact potential contract offers.
You may be the top negotiator for a government contractor or the best strategist at your law firm or a great mediator in child custody situations – but each field has its own ins & outs. And the same is true for residential real estate – that’s why you need to hire the best Realtor you can find to represent you! (Note that The Belt Team has been hired many times by commercial real estate agents. Even though they are licensed, they understand that the intricacies of the residential market are such that it’s in their interest to have a specialist!)
There are many reasons it’s best for Sellers not to be home when their home is shown, but if for some reason you are there, here’s our list of what NOT to discuss (it’s easy to just refer people to your listing agent if you get asked about these items!)
1. Reason for selling
2. Motivation/urgency to sell
3. Willingness to consider an offer less than the listing price
4. Terms under which you would sell
5. Relocation, timing, benefits & policies
6. Items of personal property which you “might” be willing to include in a sale
7. Any confidential information that would serve to disclose your negotiating strategy.
Sometimes negotiating is like a poker game. And you don’t want to tip your hand!
Contact The Belt Team if you would like representation as a Buyer or Seller by one of the best negotiators around. We have a track record to prove it!
TGIF! That means it’s time for our Friday Funday Video & Open House Announcements.
First, our video. In honor of the Saint Patrick’s Day celebrations going on across the US – we bring you “Crazy Love” performed by Van Morrison (An Irishman) and Ray Charles (an American). We think you might find “Crazy Love” when you see the two homes we have open this week!
Scroll down for open house details after you listen to the video – because big or small, we have the PERFECT place for you to call home!
OPEN SATURDAY & SUNDAY – 1 to 3PM
5300 Columbia Pike #503 in Arlington – $225,000
Spacious condo in luxury hi-rise building. Huge balcony with city views – accessed from both the living room & bedroom. Guest powder room off the marble foyer. Gorgeous kitchen cabinetry & stainless steel appliances – plus a breakfast nook & washer/dryer off the kitchen. Great storage – including a walk-in closet in master bedroom. Building has a gracious lobby, 24 hour security, assigned garage parking, pool & tennis. Bus stop at the front door!
Directions: From Pentagon: West on Columbia Pike to large, white, contenporary building with balconies on left. Visitor parking in front. OR From 495: Exit Route 50 East, Right Carlin Springs Rd, Left Columbia Pike to building on right.
Gorgeous custom home in Vienna Woods on a large, wooded, cul-de-sac lot backing to Cunningham Park & with a stream! Enjoy a gourmet kitchen, stunning family room with fireplace & coffered ceiling, in-law suite over the garage, a luxurious master bath, finished lower level with rec room, custom bar & fireplace – plus media room & exercise room! Superb Vienna location – minutes to shopping, restuarants & recreation!
Directions: From 66: Exit Nutley Street toward Vienna, right Tapawingo, right Park, right Harmony to the end #107. OR From Tysons: Maple Ave/Route 123 South into center of town, left Park, right Harmony.
Nope – we’re not talking basketball here folks. We’re talking real estate. This week, Vienna and Oakton remain in a definite Seller’s Market. Housing supply in both areas is below 3 months – with a 2.3 month supply in Oakton and a 1.7 month supply in Vienna. Stories of multiple contracts abound. As one example, we put a home on the market last Friday and by Monday three contracts were submitted and the home sold above list price. With housing supply so slow, this is not an isolated incident. Some might call it “March Madness”!
In the past week, 32 homes went under contract in Vienna. This is more than ANY week in all of 2011!
Of those 32 homes, 44% sold in 2 weeks or less. Wow!
In Oakton, 5 homes went under contract. Four of the five sold in 15 days or less. Phew!
Here’s what else happened in Vienna & Oakton in the past week:
Last week in Vienna Real Estate (22180,22181, 22182):
Number of Contracts: 32
Average Days on Market for Active Listings: 119 days
Average Days on Market for Listings That Went Under Contract: 62 days
Inventory: 172 homes on the market
Number of Months Supply of Homes (Based on past 90 day contract rate): 2.5 months
Number of Months Supply of Homes (Based on past 30 day contract rate): 1.7 months
Here are last week’s stats for Oakton Real Estate (22124):
Number of Contracts: 5
Average Days on Market for Active Listings: 90 days
Average Days on Market for Listings That Went Under Contract: 40
Inventory: 64 homes on the market
Number of Months Supply of Homes (Based on past 90 day contract rate): 3.3 months
Number of Months Supply of Homes (Based on past 30 day contract rate): 2.3 months
If you’re thinking of buying or selling a home, Contact The Belt Team at (703) 242-3975 for a more in-depth discussion & analysis – because it’s only the neighborhood YOU live in (or you WANT to live in) that matters. We’ll be happy to schedule a consultation and get very detailed about “YOUR Market”? so that you can make the decision that is best for YOU!
Email The Belt Team (or call us at 703-242-3975) to request a FREE WRITTEN REPORT of your home’s value or to be put on our FREE PRIORITY NOTIFICATION LIST for special buying opportunities that are not in the MLS or on the Internet. In a market like this, don’t you want to know about homes BEFORE they hit the market?
Gorgeous custom home in Vienna Woods on a large, wooded, cul-de-sac lot backing to Cunningham Park & with a stream! Enjoy a gourmet kitchen, stunning family room with fireplace & coffered ceiling, in-law suite over the garage, a luxurious master bath, finished lower level with rec room, custom bar & fireplace – plus media room & exercise room! Superb Vienna location – minutes to shopping, restuarants & recreation!
We have LOTS of listings coming on the market this Spring. Let us know if you would like to be on our PRIORITY NOTIFICATION LIST so that you can find out about listings BEFORE they hit the market!
TGIF! That means it’s time for our Friday Funday Video & Open House Announcements.
First, our video. This Saturday night, right here in Vienna (at The Barns) you can see Paula Cole perform live. You may not recognize the name, but you will definitely recognize her music: Grammy award winning songs like “Where Have All The Cowboys Gone” and “I Don’t Want To Wait” (also known as the theme song from the TV show Dawson’s Creek.) With housing affordability at historic highs (the best affordability since records started being kept in 1970), we thought “I Don’t Want To Wait” would be the perfect video for today’s Buyers. DON’T WAIT! (Even if prices fall slightly, and that is not what the local trends are showing, even a slight rise in interest rates will cost you more than you’d save. So don’t wait!)
Scroll down for open house details after you listen to the video – because we have the PERFECT place for you to call home!
JUST LISTED & OPEN SUNDAY 1-4PM – 206 Oak Street SW in Vienna – $799,000!
Delightful custom home with great curb appeal! Brand new inside from top to bottom! Welcoming covered front porch with porch swing, gleaming hardwood floors throughout, spacious living room & dining room with pass-through to kitchen (great for entertaining!), updated kitchen with granite countertops & stainless steel appliances, island with breakfast bar, family room with woodburning fireplace & view of landscaped garden!
OPEN SATURDAY & SUNDAY 1-4PM – 2728 Glengyle Dr #7 in Vienna – $289,000!
Welcome to a wonderfully spacious Stonewall model in popular Mosbys Landing… mere minutes to Vienna Metro, Route 66, and the ever popular Town of Vienna! This charming two level townhome style condo is the largest in the neighborhood. Enjoy three bedrooms, two and a half baths, plenty of storage space and a pool community near easy commuting options!
OPEN SATURDAY & SUNDAY 2-4PM – 108 Battle St SE in Vienna – $1,339,500!
This fabulous new home is just getting its finishing touches! Custom built by master builder Dominion Associates – crafting Vienna since 1979! Enjoy an elegant Hardiplank & stone elevation with charming porch feature, upgraded finishes & quality throughout, luxurious kitchen, first floor library, two fireplaces, an oversized deck, finished lower level with fifth bedroom, 4th full bath, & wet bar. Madison High School pyramid and fabulous “in-town” location!
Directions: From Tysons: Route 123 South (Maple Ave) to “downtown Vienna”, left Park St, right Moore Ave, 1st right on Spring St to end of Spring St. Home straight ahead on Battle.
Check out this week’s statistics and you will see that despite a slight rise in inventory, a slight increase in contracts has caused both Vienna and Oakton to remain in a Seller’s market!
Last week in Vienna Real Estate (22180,22181, 22182):
Number of Contracts: 24
Average Days on Market for Active Listings: 117 days
Average Days on Market for Listings That Went Under Contract: 112 days
Inventory: 170 homes on the market
Number of Months Supply of Homes (Based on past 90 day contract rate): 2.7 months
Number of Months Supply of Homes (Based on past 30 day contract rate): 1.9 months
Here are last week’s stats for Oakton Real Estate (22124):
Number of Contracts: 4
Average Days on Market for Active Listings: 93 days
Average Days on Market for Listings That Went Under Contract: 106
Inventory: 65 homes on the market
Number of Months Supply of Homes (Based on past 90 day contract rate): 3.4 months
Number of Months Supply of Homes (Based on past 30 day contract rate): 2.2 months
If you’re thinking of buying or selling a home, Contact The Belt Team at (703) 242-3975 for a more in-depth discussion & analysis – because it’s only the neighborhood YOU live in (or you WANT to live in) that matters. We’ll be happy to schedule a consultation and get very detailed about “YOUR Market”? so that you can make the decision that is best for YOU!
Email The Belt Team (or call us at 703-242-3975) to request a FREE WRITTEN REPORT of your home’s value or to be put on our FREE PRIORITY NOTIFICATION LIST for special buying opportunities that are not in the MLS or on the Internet. In a market like this, don’t you want to know about homes BEFORE they hit the market?
Northern Virginia Real Estate Blog 