More Holiday Home Security & Vienna/Oakton Market Stats

In last week’s Vienna-Oakton real estate update, we shared some tips for how to keep your home safe when you’re traveling during the holidays. One of our neighbors (who happens to know a bit about this topic since he is a Sheriff!) added some great comments when we posted our tips on The Belt Team Facebook page. We thought we’d share them here as well.

The original post suggested you set up timers on certain lights in your house & install motion detector lights outdoors. My neighbor added, “My two cents on timers. If you use them, stagger the times they go on and off, create the illusion of movement in the house. Most people have them go on and off at the same time. Instead, have downstairs timers go on during normal dinner & TV time, and then go off. Then have upstairs timers go on like you’re going to bed. Works great and gives the bad guys doubts if you’re home or not.” GREAT ADVICE!

Now – for our local readers (or those who want to move here!) – what has happened in the last week in Vienna & Oakton?

  • Inventory in Vienna & Oakton remains almost identical to pre-Thanksgiving levels. There are currently only 134 homes for sale in Vienna and 63 homes for sale in Oakton.
  • Sales slowed over the Thanksgiving holiday. Only 6 homes in Vienna & Oakton went under contract. And with 3-4 months of housing inventory, we moved back from a Seller’s Market to a Balanced Housing Market.

SELLERS: Make sure you read our blog post about whether or not it’s a good idea to sell during the holidays. In general, low inventory & low housing supply mean good things for you. But there are lots of things to consider. (We can also provide you with a list of 43 questions you should ask your Realtor when you’re thinking of selling your home.)

BUYERS: We have been publishing statistics for Vienna & Oakton on a weekly basis for over 3 years now. In all of that time, Vienna has NEVER been in a Buyer’s Market and Oakton has only trended that way for 3 weeks in 2010. This is just another reason why you need to make sure you are working with a Realtor as your advocate. And not just any Realtor, but a Realtor whose skill set benefits YOU. (You may want to read this article that points out what a Buyer should look for in a Realtor.)

If you’re thinking of buying or selling a home soon, you can email The Belt Team (or call us at 703-242-3975) to schedule a Buyer or Seller consultation, 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.

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

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

  • Number of Contracts: 6
  • Average Days on Market for Active Listings: 135 days
  • Average Days on Market for Listings That Went Under Contract: 61 days
  • Inventory: 134 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): 3.4 months

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

  • Number of Contracts: 0
  • Average Days on Market for Active Listings: 115 days
  • Average Days on Market for Listings That Went Under Contract: n/a
  • Inventory: 63 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): 4.2 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!

Holiday Home Security & This Week In Vienna – Oakton Real Estate

The Holiday Season is a wonderful time of year. It can be a great time to buy or sell a home. It’s definitely a great time for for gratitude, reflection & celebration.(Here at The Belt Team, we are grateful that we have been able to help more than 100 families so far this year.) And oftentimes it’s a great time to travel.

As we enter the Holiday Season, we’d like to remind you to keep your home safe while you are away- especially in light of all the “new” ways we are in communication with one another.

Here are some tips:

(1) Be careful with your status updates on Twitter, Facebook, etc. Don’t be too specific. For example: “Can’t wait to see Grandma & Grandpa” might be better than “Leaving for Ohio in 2 hours. Back on Sunday.

(2) If you still have a newspaper delivered instead of reading online, make sure you suspend delivery.

(3) Take advantage of the “nosy neighbors” you have (assuming you trust them!). Ask him or her to keep an eye out while you are away. Make sure they know how to reach you in case of an emergency.

(4) Think twice about setting up an auto-responder or voice mail message that says you are out of town – especially if you work from a home office. A better idea might be to just say you are not checking messages until a certain date (as if you’re taking a “Stay-Cation”.)

(5) Set up timers on certain lights in your house. Install motion detector lights outdoors.

(6) Don’t forget to lock the interior garage door. Exterior doors are relatively easy to compromise.

(7) Stop your mail. Or have a neighbor collect it daily.

(8) Don’t publish your physical address or personal information on your social media profiles on LinkedIn, Facebook, etc. It’s amazing how many people advertise their birthdate, home address and more – just because the site asked you to fill it in when you set up your account. It’s not just children who do this, but many adults who are new to the world of social media are guilty of this as well. Even if your site is “friend-protected”, you’d be surprised at what web-savvy folks can find out. Be discreet!

(9) You can always employ the tactics of Kevin McAllister in “Home Alone”!

Now – for our local readers (or those who want to move here!) – what has happened in the last week in Vienna & Oakton?

  • Inventory in Vienna & Oakton continues to drop. There are currently only 134 homes for sale in Vienna and 68 homes for sale in Oakton.
  • With less than 3 months of housing supply, we remain in a Seller’s Market.
  • 19 homes went under contract in the past week and 42% of those homes sold in less than 10 days.
  • Of the homes that went under contract, 21% were listed over $1,000,000 – 42% were listed between $700,000-$900,000; and 37% were listed under $700,000

SELLERS: Make sure you read our blog post about whether or not it’s a good idea to sell during the holidays. In general, low inventory & low housing supply mean good things for you. But there are lots of things to consider. (We can also provide you with a list of 43 questions you should ask your Realtor when you’re thinking of selling your home.)

BUYERS: We have been publishing statistics for Vienna & Oakton on a weekly basis for over 3 years now. In all of that time, Vienna has NEVER been in a Buyer’s Market and Oakton has only trended that way for 3 weeks in 2010. This is just another reason why you need to make sure you are working with a Realtor as your advocate. And not just any Realtor, but a Realtor whose skill set benefits YOU. (You may want to read this article that points out what a Buyer should look for in a Realtor.)

If you’re thinking of buying or selling a home soon, you can email The Belt Team (or call us at 703-242-3975) to schedule a Buyer or Seller consultation, 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.

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

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

  • Number of Contracts: 15
  • Average Days on Market for Active Listings: 133 days
  • Average Days on Market for Listings That Went Under Contract: 58 days
  • Inventory: 134 homes on the market
  • Number of Months Supply of Homes (Based on past 90 day contract rate):2.1 months
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 2.3 months

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

  • Number of Contracts: 4
  • Average Days on Market for Active Listings: 110 days
  • Average Days on Market for Listings That Went Under Contract: 14
  • Inventory: 62 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): 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!

What Motivates First-Time Home Buyers?

KW research recently investigated what factors drive first time homebuyers. And you might be surprised that on the list of top 4 factors, price is the 4th most important. Check out this video if you’d like to know exactly what factors ARE most important.

If you are a first-time homebuyer and would like a FREE consultation about today’s market, how to find out what you can afford, what’s involved in buying a home – just call The Belt Team at (703) 242-3975.

You can also set up a FREE SEARCH FOR NORTHERN VA HOMES and get FREE BUYER REPORTS on The Belt Team’s Northern Virginia Real Estate Web Site.

Just Listed on Clarks Glen Place in Vienna!

Just Listed – 1903 Clarks Glen Place in Vienna – $890,000

Home For Sale on Clarks Glen Place Vienna VA

Brick front colonial situated on beautifully landscaped private lot. Enjoy features such as a family room with cathedral ceilings & skylights, french doors & palladian glass, library with built-in bookshelves, bay windows, eat-in kitchen, formal dining room, large master bedroom with sitting area, finished LL w/ shop/hobby room & expanded deck in back. As ideal for families & as it is for entertaining!

Search MLS for more homes in Vienna

Contact The Belt Team for more information about 1903 Clarks Glen Place

We have more listings coming on the market. 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!

Housing Inventory Does The “Limbo”!

Did you ever try doing the limbo? Then you know the saying “How low can you go?!” Well, that’s what we’re wondering about housing inventory in Vienna. While Oakton’s inventory is just about the same today as it was two weeks ago, Vienna’s inventory dropped another 5%. Based on the past 30 days’ sales, both Vienna & Oakton have a 2.3 month supply of homes on the market. And that is a Seller’s Market!

FREE Seller Reports

FREE Home Value Analysis

FREE Buyer Reports

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

Search Homes For Sale in Vienna

  • Number of Contracts: 11
  • Average Days on Market for Active Listings: 129 days
  • Average Days on Market for Listings That Went Under Contract: 39 days
  • Inventory: 140 homes on the market
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 2.1 months
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 2.3 months

Last week in Oakton Real Estate (22124):

Search Homes For Sale in Oakton

  • Number of Contracts: 5
  • Average Days on Market for Active Listings: 103 days
  • Average Days on Market for Listings That Went Under Contract: 87
  • Inventory: 68 homes on the market
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 2.9 months
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 2.3 months

Sometimes you need to buy or sell a home no matter what is happening in the market. Maybe you’re having a baby & you need more space. Or you’re a military or relocation family who has been transferred. No matter why you’re moving, we can help you make the BEST move. If you’re thinking of buying or selling a home, Contact The Belt Team at (703) 242-3975. We think you deserve the BEST Realtors in Northern Virginia!

The Belt Team Is Hiring!

The Belt Team is searching for candidates for Client Care Manager. This is a full-time salaried position in our McLean office.

This song from CAKE kinda describes what we’re looking for: “mind like a diamond”, “fast and thorough and sharp as a tack”, “who uses a machete to cut through red tape”,”she is touring the facility and picking up slack”. You get the idea!

Click here for more info about the job opening with The Belt Team.

Find A Home For The Holidays! It’s Not Too Late!

In 3 weeks, it will be time to celebrate Thanksgiving. In 8 weeks, we’ll be toasting the New Year. Imagine doing so in your new home! There’s still time! Stop by our open houses this weekend. We’ll help find a way to make your dreams come true! (Scroll down for open house details.)

But first, here’s our Friday Funday Video – “Home” sung by Phillip Phillips:


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JUST LISTED!!!

OPEN SUNDAY 1-3PM

2489 Glengyle Drive #148 in Vienna – $285,000
20121026-150949.jpg

Beautiful townhome in popular Mosby’s Landing – in the Town of Vienna AND minutes to Metro! This spacious 2 bedroom unit features main level hardwood floors, crown molding, living room, additional dining/family room off kitchen & lots of storage. Spacious master bedroom. Roomy second bedroom has space for additional seating area. Full duel entry bath has been expanded & renovated. New front porch in 2012.

Directions: From Beltway 495, Take I-66 West to first exit, Vienna. Proceed North onto Nutley St. (or from Vienna Metro, exit to Nutley St, turn Left on Nutley) Go about a mile to Maple Ave. (Rte 123). Turn Left onto Maple Ave (about one minute). Take second Right onto Glengyle Dr. Halfway up to Courtyard 6.

More Info about 2489 Glengyle Drive #148 in Vienna

Schedule A Showing with The Belt Team for 2489 Glengyle Drive #148

Read about “Life In Vienna”

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OPEN SUNDAY 1 – 4PM

1928 Labrador Lane in Vienna – $869,000

Recently expanded colonial in sought after Eudora. Approximately 2,875 finished square feet above grade. Fine bedrooms, 3 full baths & two half baths. Gorgeous new master suite addition on the 2nd floor, with office & spacious laundry/mud rm on main level. Kitchen remodeled in 2005, huge living room with woodburning fireplace. Great outdoor entertaining space including screened porch, hardscaped patio & large Trex deck with hot tub. Finished lower level with wet bar & office.

Directions: From Tysons: 123 S, Right Beulah, Left Abbotsford, Right Percussion, Left Labrador to 1928

More Info about 1928 Labrador Lane in Vienna

Schedule A Showing with The Belt Team for 1928 Labrador Lane

Read about “Life In Vienna”

Vienna & Oakton Housing Inventory Remains Low!

There are currently 148 homes for sale in Vienna and 67 homes for sale in Oakton. How does this stack up to the rest of the year?

LOW LOW LOW!

If you follow our blog regularly, you know that we track statistics for Vienna & Oakton on a weekly basis and have been reporting the stats for a few years now. In Oakton, this is the lowest housing inventory we have seen in a few months. But the real story is that the housing inventory in Vienna is at its lowest point since December of 2010 – almost two years ago!! WOW!

What does that mean?

FOR SELLERS:

1. Now is a good time to sell. Less competition is a win for you. If you’re thinking now is not a good time to sell because there are not many buyers in the market due to the upcoming holidays – you may want to rethink. There may be less buyers, but anyone who is looking at this time of year is usually much more motivated to buy. Regardless of the time of year, people change jobs, relocate, have babies, win & lose elections and more. Savvy sellers take advantage of that.

2. If you are already on the market, and you’ve been on the market for more than 60 days, something is wrong and most likely you are overpriced. Why do we say this? Well, so far this year – 1,056 homes in Vienna & Oakton have gone under contract. The average days on market for those homes was 59 days. Pricing is not the only reason homes don’t sell. Other reasons may include staging, a pet issue, cigarette smell or an access issue (angry tenant or appointment only for example). But the majority of the time, it’s a price issue. Things like location, school district, layout, etc cannot be changed and can only be addressed by price. At a certain price, most objections go away. So if your home has been on the market for a long time – most of the time the way to address it is to reduce your price. After all, statistics show the longer a home is on the market, the lower it sells for – so why wait?!

3. If you are thinking of selling in 2013, NOW is the time to prep. Schedule an appointment with your Realtor BEFORE Thanksgiving. Find out what you do, and more importantly what you do NOT, need to do to get ready to sell next year. Don’t spend money on the wrong things. And if there are things you need to do, do them before next year so that you can enter the market early BEFORE inventory jumps up and you have tons of competition.  As an example, in Vienna this year – inventory jumped 13% from the first week of February to the first week of March, then another 5% in April, and another 14% in May! Why not be ready to sell in January instead of waiting for the “Spring Market”?!

FREE Seller Reports

FREE Home Value Analysis

FOR BUYERS:

1. If you’re in the market to buy now, make sure you are working with a creative, proactive Realtor. With inventory so low, your dream home may be one that is not even on the market. Know what you want & go after it. Interest rates are historically low right now. You don’t want to wait, only to find that prices have gone up, along with interest rates – and you are now priced out of the market you wanted to be in!

2. If you will be in the market to buy in 2013 – you’d better be ready to move quickly. With inventory so low, there is likely to be pent up demand. Buyers who are ready now may not be finding what they are looking for and as soon as new inventory comes on the market, they will act fast. If you want to compete, NOW is the time to get your ducks in a row – get your loan approved, figure out what you need to do to get your current home ready to sell (if you need or want to do that before you buy), figure out how much cash you need to save between now & then, etc!

FREE Buyer Reports

Here are the details for the current markets in Vienna & Oakton:

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

Search Homes For Sale in Vienna

  • Number of Contracts: 10
  • Average Days on Market for Active Listings: 124 days
  • Average Days on Market for Listings That Went Under Contract: 3ays
  • Inventory: 148 homes on the market
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 2.2 months
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 2.0 months

Last week in Oakton Real Estate (22124):

Search Homes For Sale in Oakton

  • Number of Contracts: 3
  • Average Days on Market for Active Listings: 102 days
  • Average Days on Market for Listings That Went Under Contract: 27
  • Inventory: 67 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): 2.4 months

If you’re thinking of buying or selling a home, Contact The Belt Team at (703) 242-3975. We think you deserve the BEST Realtors in Northern Virginia!