Month: June 2020

205 Magnolia Ct, Sterling VA 20164 – Just Listed by The Belt Team!

Price, video & floor plan tours and LOTS more photos: 205 Magnolia Ct, Sterling VA 20164

Beautifully updated contemporary in quiet neighborhood in a prime Sterling location. Stand out features of this 3BR/2BA home includes family room with vaulted ceiling, large windows, wood-burning fireplace, eat-in kitchen with granite, stainless steel appliances, under cabinet and above cabinet lighting, overlook to family room, totally renovated baths, updated modern light fixtures, finished lower lever, 3-tiered deck with entrance from family room and kitchen to fenced in back yard, a large 2 car detached garage with an abundance of storage space, pulley system for ceiling hanging storage system, corner lot and so much more. Location is awesome, close to W&OD trail through neighborhood (no busy roads) and close proximity to route 28 and 267 make for quick commutes. Centrally located 6-7 minutes from most major shopping options in Sterling. Do not miss the opportunity to make this your next home!

Call Beth Dadisman & The Belt Team at (703)577-1144 for more details or to schedule a showing!

Call The Belt Team at (703) 242-3975 if you are thinking of buying or selling. The Belt Team has been in business for over 50 years and has sold over $1 Billion in transaction volume! (Sellers –  you’ll be interested to know that Belt Team Sellers sell FASTER and for MORE money than average!

The Belt Team was honored to be “Spotlighted” by Vibrant Vienna!

Vibrant Vienna talks to Terry about all things Vienna, real estate, reputation, experience and trust.  “If you don’t have that trust with people and they don’t have your word…you don’t have a business.” Watch the whole interview above or visit our YouTube page…www.YouTube/TheBeltTeam

Special thanks to Barry Schwartz @dunhillbuilders for letting us shoot at one of his gorgeous new homes!

And remember…NOW is the perfect time to buy and sell! If you have questions about the market or when’s the right time to act, give us a call and let our market knowledge and years of experience help guide you!

703-242-3975 | Info@TheBeltTeam.com | http://www.TheBeltTeam.com

Algae, Seepage and Leaking…OH MY!

Terry sits down with NV Roofing’s CEO, John Francis, and gets some valuable advice on roof damage and replacement.

We want to hear from YOU! Comment below with any questions for John and tell us what expert you would like us to feature next!!

Or, if you have a question for Terry, real estate related or not, please don’t hesitate to contact him at 703-242-3975 or info@thebeltteam.com.

Home Sale Statistics in Northern Virginia – May 2020

This pretty much sums up the current state of the market…

Prices are up.  New listings are down due to COVID-19.  Home sales are down because inventory is low.  Buyer demand is extremely high.  Interest rates remain historically low.  It is a Sellers market in most areas.  

Check out the details below…

Northern Virginia Region

• 3766 homes went under contract in the region. This is down (17.2%) from the same time period in 2019.

• 60% of the homes that went to settlement in May 2020, sold in 10 days or less from when they hit the market. 

• Average sold price was $574,102 (up 3.4% from the same time period in 2019).

• 3930 homes came on the market. That’s down 33.4% from April 2019.

• Homes that sold (closed) averaged 17 days on market, 1 day faster than in May of 2019.

• There is currently a 1.1 month supply of homes (remember, in a balanced market – the demand from buyers equals the supply from sellers – there is a 5-6 months supply) in the Northern Virginia – and 3,521 homes for sale (townhouse, condo and single-family).

OVERALL: Northern Virginia remains in a Seller’s Market.  The number of homes that went under contract and that came on the market is again significantly lower year-over-year…expected given the current Coronavirus environment.    And, the homes that are listed continue to sell quickly and inventory across the area remains low.

If you need to sell your home, contact us NOW at 703-242-3975 or Info@TheBeltTeam.com or Click Here to help get your home ready and to make sure you DON’T MISS OUT on this market!  If you need to buy a new home, it is very important to work with an experienced agent who has adjusted to the COVID-19 situation and make your home buying dreams come true! 

To see what the conditions are like in your community, click on the link to your desired city below! 

Vienna: May 2020 Home Sales

Oakton: May 2020 Home Sales 

McLean: May 2020 Home Sales 

Great Falls: May 2020 Home Sales 

Reston: May 2020 Home Sales 

Falls Church: May 2020 Home Sales 

Arlington: May 2020 Home Sales 

Alexandria: May 2020 Home Sales  

*Data compiled from SmartCharts, MarketStats by ShowingTime, whose data comes directly from the Multiple Listing Service (MLS).

WHat Is My Home Worth

Sit down with Terry Belt Part 2 – How have you been working with out of town buyers given the COVID environment?

Part 2 of Krissy O’Malley’s sit down with Terry Belt! In this episode, Terry talks about how he has been working with out of town buyers who were not able to travel here to see homes given the COVID-19 situation. And don’t miss the special cameo!!

If you have a question for Terry, real estate related or not, please don’t hesitate to contact him at 703-242-3975 | info@thebeltteam.com or Click Here!

And…if you are in the market for a home, be sure to check out our state of the art website for buyers and set up a free search today! https://beltteamrealestate.com/

Sit down with Terry Belt Part 1 – How has the current environment changed your business?

Part 1 of Krissy O’Malley’s sit down with Terry Belt! Terry shares more of his wisdom on the state of the current real estate market and answers questions Krissy and others have.

Stay tuned for Part 2 of their talk along with more valuable and fun content from The Belt Team!

If you have a question for Terry, real estate related or not, please don’t hesitate to contact him at 703-242-3975 or info@thebeltteam.com.