National Real Estate Update

Interest rates are on the rise. Find out what else is happening in the national real estate market in a quick minute!

Now that you know what’s happening in the macromarket, let’s take a look at the  hyperlocal markets. For stats on Northern Virginia communities – check The Belt Team’s community pages:

Call Terry Belt & The Belt Team at (703) 242-3975 to schedule a FREE Buyer or Seller Consultation.

McLean Virginia: How Long To Sell Your Home and Are Prices Rising?

If you’re looking to buy or sell real estate in McLean, VA in 2015, you may be wondering how long homes are on the market and whether prices are up or down.

First, let’s look at what happened in 2014:

  • Average Days on Market: 64 days (down from 72 days from 2013)
  • Average Sold Price: $1,054,174 (down from $1,094,034 in 2013)
  • Average Sold Price as % of List Price: 95.7% (down from 96.8% in 2013)
  • Percent of Homes Sold in 10 Days or Less: 35%

Now, to get an even better sense of what’s happening in the real estate market, go to our web site for up-to-date McLean VA housing stats on the most recent month as compared to the five year average. This will indicate what the current trends are.

(Special Info For Sellers of Million Dollar Homes)

Call The Belt Team at (703) 242-3975 if you would like to buy or sell in McLean, VA.

Loudoun County Virginia: How Long To Sell Your Home and Are Prices Rising?

If you’re looking to buy or sell real estate in Loudoun County in 2015, you may be wondering how long homes are on the market and whether prices are up or down.

First, let’s look at what happened in 2014:

  • Average Days on Market: 44 days (down from 59 days from 2013)
  • Average Sold Price: $479,514 (up 3.5% from 2013)
  • Average Sold Price as % of List Price: 97.5% (down from 98.3% in 2013)
  • Percent of Homes Sold in 10 Days or Less: 37%

Now, to get an even better sense of what’s happening in the real estate market, go to our web site for up-to-date Loudoun County housing stats on the most recent month as compared to the five year average. This will indicate what the current trends are.

Call The Belt Team at (703) 242-3975 if you would like to buy or sell in Loudoun County this year. (Buyers – you’ll be interested to know that Belt Team buyers only paid 93.8% of original list price in 2014 – versus the average buyer who paid 98.3%!)