Just Listed in Kensington Square in Fairfax!

We just listed a “million dollar+ home” – a two year young beauty in Kensington Square in Fairfax!

This beautiful NV home is loaded with upgrades and has over 4,000 sq ft of living space above grade. Features include 4 bedrooms, 3.5 baths, a 2-story foyer & 2-story family room, spectacular waterfall staircase, gourmet kitchen with morning room, separate dining room, & luxurious master suite with sitting room & attached covered porch. Located in the maintenance free community of Kensington Square. Convenient for commuters and much more!

Call (703) 242-3975 for more info!

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Parade of Homes in Vienna

Everyone loves a parade, right? Well, this weekend is the annual Parade of Homes sponsored by the Northern VA Building Industry Association. One of the builders we represent (Dominion Associates Inc) is participating and you can tour his brand new home on Cottage Street on Saturday or Sunday from 11AM to 5PM. If you stop by on Sunday, be sure to also check out another of our nearby new home listings on Hickory Circle.

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204 Cottage Street SW in Vienna – OPEN SATURDAY & SUNDAY 4/27 & 4/28 11AM-5PM

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New design & excellent quality construction from one of Vienna’s oldest and best builders, in the heart of downtown Vienna. Delightful elevation includes Hardiplank, stone, and charming porch feature. First floor guest bedroom/den with full bath. Upgraded finishes and quality throughout. Ready now! Awesome location-awesome schools. 6 BRs & 5 BATHS on 3 finished levels! Call (703) 242-3975 for more info.

Directions: I-66/Vienna Metro: exit to Nutley Street; R on Tapawingo; L on Cottage to #204. Or from Tysons: S Rt 123, becomes Maple Avenue, L on Center Street (by library) R on Locust Street, Left on Cottage St to #204

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118 Hickory Circle SW in Vienna – $1,200,000 – OPEN SUNDAY, 4/28 2-4PM

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New home ready soon in the heart of Vienna! Featuring Red Oak hardwoods, 2 fireplaces, a 2-car garage, 9′ ceilings, front porch. Gourmet kitchen with granite countertops, large island w/gas cooktop, double wall ovens, extra large chef’s sink. Finished basement, upstairs laundry, energy-efficient! Cul-de-sac location! Call (703) 242-3975 for more info.

Directions: From Tysons: S on Rt. 123 , Chain Bridge, which becomes Maple Avenue in Vienna. Continue past Westwood CC to Center St. Left on Center, by the library, Right Locust St. ,Right Cottage St., Right Hickory Circle to 118!

Buyer’s Market or Seller’s Market? Less Than Two Months Housing Supply in Vienna & Oakton

“Are we in a Buyer’s Market or a Seller’s Market in Vienna and Oakton?”

This is a question we still often get asked. Well, the Northern VA real estate market remains brisk and the Vienna Oakton area is no different. Here’s what’s happening:

• In the past 30 days in Oakton, more homes have gone under contract than new listings have come on the market – 52 new listings and 55 contracts!
• Vienna is right behind Oakton in pace – with 137 new listings and 125 contracts in the last 30 days.
• Vienna inventory is at its highest this year – with 126 homes on the market. Oakton inventory is also at a 2013 high with 60 homes on the market. That being said, there is still less than 2 months housing inventory in both markets. And that means it’s still a SELLER’S MARKET.
• Market priced homes in good condition and good locations are still being snapped up. Average days on market for homes that went under contract this past week was 19 days. 63% of those homes sold in a week or less! (Note that this is just the average across all price ranges. Lower price ranges often move faster.)

Here are the rest of this week’s statistics:

Vienna Real Estate (22180,22181, 22182):

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• Number of Contracts: 33 (up from 25 last week)
• Average Days on Market for Active Listings: 95 days (down from 101 last week)
• Average Days on Market for Listings That Went Under Contract: 15 days (down from 38 last week)
• Inventory: 126 homes on the market
• Number of Months Supply of Homes (Based on past 90 day contract rate): 1.5 months (lowest in 2013!)
• Number of Months Supply of Homes (Based on past 30 day contract rate): 1.0 (lowest in 2013!)

What Is My Vienna Home Worth?

Last week in Oakton Real Estate (22124):

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• Number of Contracts: 15 (down from 19 last week)
• Average Days on Market for Active Listings: 101 days (down from 105 last week)
• Average Days on Market for Listings That Went Under Contract: 28 days (down from 34 last week)
• Inventory: 60 homes on the market (up from 55 last week)
• Number of Months Supply of Homes (Based on past 90 day contract rate): 1.5 months (lowest in 2013!)
• Number of Months Supply of Homes (Based on past 30 day contract rate): 1.1  months (lowest in 2013!)

What Is My Oakton Home Worth?

Our mission is “Changing Lives For The Better – One Family At A Time!”

Another Gorgeous Home Coming On The Market Soon In Fairfax!

Wait until you see the inside of this home; it’s absolutely gorgeous! Call (703) 242-3975 for more info. It will be going on the market soon!

2 Brand New Listings & 4 Open Houses In Vienna & McLean!

Just Listed! 1923 Labrador Lane in Vienna $825,000

OPEN SUNDAY, APRIL 21st 1-4PM

Delightful colonial in fabulous Vienna neighborhood. Loaded with updates. Features flowing floorplan, kitchen w/new stainless steel appliances & breakfast area, formal dining room, master suite with large walk-in closet, & finished walk-out lower level w/ 4th bedroom & 3rd full bath. Front porch & back deck/porch areas provide great extra living space. Great schools, easy commute! Call (703) 242-3975 for more info.

Directions: From Tysons: 123 South; Right on Beulah; Left on Abbotsford; Right on Percussion Way; Left on Labrador – house is on the left (#1923).

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FIRST TIME OPEN! 2023 Willow Branch Ct in Vienna $1,250,000

OPEN SUNDAY, APRIL 21st 1:30-4:15PM

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Spectacular home in popular Wendover, Vienna’s most appealing close-in community. a special enclave of winding streets & tree sheltered homes. Enjoy 9 ft ceilings with flowing spaces, a super living/sunroom addition, skylighted family room off the fabulous kitchen with bay windows, luxurious master, plus and au pair/in law suite, rec room, many upgrades and a parkland lot. Madison HS pyramid! Call (703) 242-3975 for more info.

Directions:Tysons: Rt 123 (Maple Ave) Into Vienna, R Lawyers Rd, R Galloping Way,L Round Springs, R Wendover Drive, R Bird Rd ,R Willow Branch Ct to #2023– Or Rt 66 : Exit Vienna To Nutley St, R On Rt 123 (Maple Ave), L Lawyers & As Above.

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Just Listed! 7715 Bridle Path Lane in McLean Hunt – $825,000

Great curb appeal plus an interior that needs updating equals a unique opportunity to buy for a great price in one of the most desirable neighborhoods in McLean! Langley HS pyramid. Ideal location near Tysons. This 3 level home has a walkout basement; new roof, new garage doors & openers, newer windows. AND it backs to wooded parkland! Call (703) 242-3975 for more info.

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NEW HOMES OPEN IN VIENNA! – SUNDAY, APRIL 21 2-4PM

118 Hickory Circle SW in Vienna – $1,200,000

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New home ready soon in the heart of Vienna! Featuring Red Oak hardwoods, 2 fireplaces, a 2-car garage, 9′ ceilings, front porch. Gourmet kitchen with granite countertops, large island w/gas cooktop, double wall ovens, extra large chef’s sink. Finished basement, upstairs laundry, energy-efficient! Cul-de-sac location! Call (703) 242-3975 for more info.

Directions: From Tysons: S on Rt. 123 , Chain Bridge, which becomes Maple Avenue in Vienna. Continue past Westwood CC to Center St. Left on Center, by the library, Right Locust St. ,Right Cottage St., Right Hickory Circle to 118!

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204 Cottage Street SW in Vienna – OPEN SUNDAY 4/21 2-4PM

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New design & excellent quality construction from one of Vienna’s oldest and best builders, in the heart of downtown Vienna. Delightful elevation includes Hardiplank, stone, and charming porch feature. First floor guest bedroom/den with full bath. Upgraded finishes and quality throughout. Ready now! Awesome location-awesome schools. 6 BRs & 5 BATHS on 3 finished levels! Call (703) 242-3975 for more info.

Directions: I-66/Vienna Metro: exit to Nutley Street; R on Tapawingo; L on Cottage to #204. Or from Tysons: S Rt 123, becomes Maple Avenue, L on Center Street (by library) R on Locust Street, Left on Cottage St to #204

Northern VA Real Estate Update: Oakton Homes Selling Faster Than New Listings Can Come On! Vienna Close Behind.

What’s happening in the Vienna & Oakton real estate markets?

Remember last week when we said “Statistics show we are almost to the point where for every home listed, a home goes under contract“? Well, guess what? That time has come in Oakton and it’s still close in Vienna. We are down to just about 1 month of housing supply in both areas!

• In Vienna in the past 30 days, there were 120 new listings – and 112 homes went under contract.

• In Oakton in the past 30 days, there were 50 new listings – and 52 homes went under contract.

That means in Oakton, homes are selling faster than they are coming on the market.

No matter why you’re moving, The Belt Team 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!

Here are the rest of this weeks statistics:

Vienna Real Estate (22180,22181, 22182):

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• Number of Contracts: 25
• Average Days on Market for Active Listings: 101 days
• Average Days on Market for Listings That Went Under Contract: 38 days
• Inventory: 111 homes on the market
• Number of Months Supply of Homes (Based on past 90 day contract rate): 1.4 months (lowest in 2013!)
• Number of Months Supply of Homes (Based on past 30 day contract rate): 1.0 (lowest in 2013!)

What Is My Vienna Home Worth?

Last week in Oakton Real Estate (22124):

Search Homes For Sale in Oakton

• Number of Contracts: 19
• Average Days on Market for Active Listings: 105 days
• Average Days on Market for Listings That Went Under Contract: 34 days
• Inventory: 55 homes on the market
• Number of Months Supply of Homes (Based on past 90 day contract rate): 1.5 months (lowest in 2013!)
• Number of Months Supply of Homes (Based on past 30 day contract rate): 1.1  months (lowest in 2013!)

What Is My Oakton Home Worth?

Our mission is “Changing Lives For The Better – One Family At A Time!”

Just Listed In Vienna & Close To Everything! A Commuter’s Dream!

This elegant Stanley Martin colonial has an ideal location in Vienna and close to Tysons Corner. It’s sited on a lovely landscaped lot. Enjoy a flowing floor plan and an abundance of natural light in over 5,200 SF of finished living space. Features include 5 bedrooms, 4.5 baths, a 2-story family room, gourmet kitchen with breakfast area and attached sunroom, separate dining room, luxurious master suite with sitting area, and a finished walkout lower level. Great schools and easy commuting!

Call (703) 242-3975 for more info.

Full brochure for 8517 Wolftrap Road in Vienna

What Does $1,200,000 Buy You In Vienna? Come To Our April 14th Open Houses & Find Out!

What does $1,200,000 buy you in Vienna, Virginia? A fabulous new home in the Heart of Town. That’s what!

We have not just one, but two fabulous new homes open this Sunday, April 14th 2-4PM. Stop in to see both. They’re just steps from one another and just steps to shopping, dining & all the amenities of the Town of Vienna! (Read more about Life in Vienna.)

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FIRST TIME OPEN – 118 HICKORY CIRCLE S.W. – SUNDAY, APRIL 14 2-4pm

This new home will be ready soon and is located on a cul-de-sac in the heart of Vienna! Features include red oak hardwoods, 2 fireplaces, a 2-car garage, 9′ ceilings, a front porch, 5 bedrooms, 4 full baths, 2 half baths, a gourmet kitchen with granite countertops, stainless appliances, a large island with gas cooktop, double wall ovens and an extra large chef’s sink, tray ceiling master suite with huge walk-in closet, oversized ceramic tile shower plus separate soaking tub, upstairs laundry & a finished basement. Listed at $1,200,000

Directions: From Tysons: Route 123 South (Maple Ave) into Vienna, continue past Westwood Country Club to Center, Left on Center St (by the library), Right Locust St, Right Hickory Circle to #118.

204 COTTAGE STREET, S.W. – OPEN SUNDAY, APRIL 14 2-4pm

New design & excellent quality construction from one of Vienna’s oldest and best builders, in the heart of downtown Vienna. Delightful elevation includes Hardiplank, stone, and charming porch feature. First floor guest bedroom/den with full bath. Coffered ceiling master suite. . Family room with wall of windows & boxed beam ceiling & gas fireplace. Finished lower level includes 6th bedroom, 5th full bath, rec room & theatre room. Upgraded finishes and quality throughout. Awesome location-awesome schools! Listed at $1,200,000.

Directions: From Vienna Metro/I-66: Exit Nutley St toward Vienna, Right Tapawingo, Left Cottage to #204. OR From Tysons: Route 123 South (Maple Ave) into Vienna, continue past Westwood Country Club to Center, Left on Center St (by the library), Right Locust, Left Cottage to #204 on right.

CALL THE BELT TEAM AT (703) 242-3975 FOR MORE INFO.

What Do Vienna & Oakton Homebuyers Have In Common With Paper Towels?

Vienna & Oakton homebuyers have a lot in common with paper towels, at least they do with Bounty brand paper towels.

Remember the old TV commercials? They called Bounty the “quicker picker upper”!

Well – the way Vienna & Oakton’s housing market is moving, it looks like homebuyers are definitely “quicker picker uppers”. In the past 30 days, homes went under contract at the fastest pace we’ve seen this year.

Statistics show we are almost to the point where for every home listed, a home goes under contract!

(Note: In a “Balanced Market, there is normally about 6 months of housing inventory. Current supply in Vienna and Oakton is 1.1 and 1.3 months respectively!)

• In Vienna in the past 30 days, there were 114 new listings – and 105 homes went under contract.

• In Oakton in the past 30 days, there were 51 new listings – and 45 homes went under contract.

Don’t get left behind in the rush of today’s market. When the river is moving along this fast, whether you are a Buyer or a Seller, you need a good captain to navigate the waters. Many homes are selling before they hit the market. It’s not unusual for us to get a call from a buyer asking about a certain listing, only for us to have to tell them that it’s been under contract for days. And Sellers can also benefit from having top notch negotiators leveraging their possibilities to the hilt.

No matter why you’re moving, The Belt Team 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!

Here are the rest of this weeks statistics:

Vienna Real Estate (22180,22181, 22182):

Search Homes For Sale in Vienna

• Number of Contracts: 34
• Average Days on Market for Active Listings: 104 days
• Average Days on Market for Listings That Went Under Contract: 19 days
• Inventory: 113 homes on the market
• Number of Months Supply of Homes (Based on past 90 day contract rate): 1.4 months (lowest in 2013!)
• Number of Months Supply of Homes (Based on past 30 day contract rate): 1.1 (lowest in 2013!)

What Is My Vienna Home Worth?

Last week in Oakton Real Estate (22124):

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• Number of Contracts: 8
• Average Days on Market for Active Listings: 89 days
• Average Days on Market for Listings That Went Under Contract: 13 days
• Inventory: 60 homes on the market
• Number of Months Supply of Homes (Based on past 90 day contract rate): 1.8 months (same as the prior 2 weeks)
• Number of Months Supply of Homes (Based on past 30 day contract rate): 1.3  months (same as the past week)

What Is My Oakton Home Worth?

Our mission is “Changing Lives For The Better – One Family At A Time!”

What Does A Shift In The Market Mean For Home Buyers?

In Northern VA, the housing market has shifted into a strong Seller’s market; so what does this mean for Buyers? Watch this 2 minute video to find out:

 

The one thing we would point out that is slightly different than what you saw in the video, is that The Belt Team recommends that buyers get pre-APRROVED, not just pre-qualified. In order to compete in today’s market, Buyers need to be fully approved for their mortgage and have a full approval letter from their lender BEFORE they write a contract.

For more tips on what Buyers can do to succeed in today’s market, contact Belt Team Lead Buyer Specialist Tom Reilly at (703) 629-1263 (or email Tom). His legal and technology background have provided him with some superb strategies that he implements on behalf of his buyers!