Month: August 2020

43435 Charitable St, Ashburn VA 20148 – Just Listed by The Belt Team!

Price, features and LOTS more photos: 43435 Charitable St, Ashburn VA 20148

Absolutely stunning end-unit townhouse by NVHomes! This 4-level, 5 bedroom, 4.5 bath, light-filled home is loaded with gorgeous upgrades and custom details. Special features include upgraded hardwood flooring on all 4 levels, gourmet kitchen, entry/ground level bedroom, 2 outdoor living spaces (including a roof top deck!), fabulous owners suite, custom built-ins, upgraded lighting fixtures, custom blinds/window treatments throughout, custom ELFA shelving/storage, 2-car attached garage with 220 power outlet….and more.  And, being an end-unit means an extra large side yard space! All of this in a wonderful Loudoun County location…walking distance to future Silver Line Metro stop (to open in 2021), easy access to Dulles Greenway, less than 10 miles from Dulles International Airport and minutes to shopping/restaurants in Brambleton Town Center. One Loudoun is also close by! Don’t miss the opportunity to make this your next home!!

Call Terry Belt & The Belt Team at (703)242-3975 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!

Home Sale Statistics in Northern Virginia – July 2020

July is the new Spring in 2020!  Traditionally April and May are the busy months in real estate, but because of the COVID-19 epidemic, this year July came in like a lion in many of our local markets.

That said, July continued with low inventory (although new listings are up compared to this time last year), upward pressure on home prices, hyper competitive for buyers, and low interest rates. 

See the details below for Northern Virginia and links at at the bottom of the page for hyper local markets.

Northern Virginia July 2020 home sales:

• 4,356 homes went under contract in the region. This is up (16.4%) from the same time period in 2019.

• 63% of the homes that went to settlement in July 2020, sold in 10 days or less from when they hit the market. 

• Average sold price was $616,564 (up 11.6% from the same time period in 2019).

• 5,221 homes came on the market. That’s up 23% from July 2019.

• Homes that sold (closed) averaged 19 days on market, 3 days faster than in July 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 3,490 homes for sale (townhouse, condo and single-family).

OVERALL: Northern Virginia remains in a Seller’s Market.  Market activity continued to increase in July…number of homes that came on the market went up from June and the same time period last year.  Low inventory remains to be an issue however (down 34% from this time last year) in many areas creating competition for buyers. 

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 has experience in this competitive market. So give us a call!

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

Vienna: July 2020 Home Sales

Oakton: July 2020 Home Sales 

McLean: July 2020 Home Sales 

Great Falls: July 2020 Home Sales 

Reston: July 2020 Home Sales 

Falls Church: July 2020 Home Sales 

Arlington: July 2020 Home Sales 

Alexandria: July 2020 Home Sales  

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

The Belt Team Receives Washingtonian’s 2020 Best Real Estate Agents and Top Producers Honor

The Belt Team is so honored to have made this list once again in 2020! Thank you to all of our amazing clients, friends and family who give us your love and support that make this all possible.

Team work makes the dream work!

Click here to learn more about the history of our team and our top notch team members!