Just Listed: Penderbrook Townhome on 17th Fairway

The Belt Team has just listed a rarely available “Fairway Townhouse” in Inverness at Penderbrook . . . backing to the 17th Fairway! Wouldn’t you like to walk out your backyard and see this?!

Inverness at Penderbrook Fairfax TH

Click for price, more photos and full details about this 3 bedroom townhome at 3912 Clares Court in Fairfax.

Call Martin Bristow & The Belt Team at (703) 861-2967 to schedule a showing!

October 19th – Open Houses in Fairfax, Oak Hill & Alexandria

Whether you’re looking for a luxury townhouse in Alexandria, a wonderful home near Metro & the Mosaic District or a beautiful custom home in Oak Hill – we’ve got you covered with our open houses this weekend!

In sought after Lands of Quaker! 15 Arell Court in Alexandria – Listed at $649,500

Open Sunday, October 19th 2 to 4PM

lands of Quaker Village Alexandria

This elegant end-unit townhome is in a fabulous Alexandria location. Enjoy an open floorplan, loads of natural light, hardwood floors & striking architectural details. Versatile entry level living space with fireplace perfect for den or bedroom suite ~ master suite with spacious bath & walk-in closet ~ living room with fireplace ! tray ceiling dining room ~ eat-in kitchen with granite & stainless appliances ~ even an attached garage!

Price, directions & more photos of 15 Arell Ct in Alexandria

To schedule a showing call Tom Reilly & The Belt Team at (703) 629-1263

Search All Alexandria Townhouses For Sale $550,000 to $750,000

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Home near Metro & Mosaic District! 8886 Olive Mae Circle in Fairfax – Listed at $875,000

Open Sunday, October 19th 1PM to 4PM

Homes For Sale Near Vienna Metro

Beautiful “English” Armistead model from Basheer & Edgemoore. No detail is spared in this 4 bedroom/5.5 bath home. Exceptional features include 4 finished levels, elevator for easy access, 10’ ceilings & oak hardwood floors on the main level, 2-sided fireplaces in the living room/dining room & master suite, eat-in gourmet kitchen, formal dining room, stunning master suite with sitting room, loft level with bedroom, full bath & terrace, and finished walk-out lower level. AND it’s close to TWO Metro stops AND the awesome Mosaic District with great shopping, dining & more!

Price, directions & more photos of 8886 Olive Mae Circle in Fairfax

To schedule a showing call Terry Belt & The Belt Team at (703) 242-3975

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Custom Beauty in the Reserve at Stone Hill! 12616 Winter Wren Ct – Listed at $1,299,000

Open Sunday, October 19th 2 to 4PM

Reserve at Stone Hill

Stunning, four year old custom home, built by Camberley Homes, in the Reserve at Stone Hill. Amazing attention to detail with fine architectural finishes and updates, including beautiful hardwood floors, stone fireplace hearth, tray ceilings and elegant molding throughout, gourmet kitchen, incredible master retreat, fully finished walk-out basement & more. Excellent location for schools, commuters and many amenities!

Price, directions & more photos of 12616 Winter Wren Ct in Oak Hill

To schedule a showing call Tom Reilly & The Belt Team at (703) 629-1263

Search Oak Hill & Herndon Homes For Sale $1,000,000 to $1,250,000

Search Oak Hill & Herndon Homes For Sale $1,250,000 to $1,500,000

Search Oak Hill & Herndon Homes For Sale $1,500,000+

Best Real Estate Agents in Northern VA

Just Listed: Near Mosaic District & Two Metro Stops!

If you’re looking for a home that’s spacious & sunny AND in a great location near the Mosaic District & two Metro stops, we’ve got the perfect home for you!

Just Listed at 8886 Olive Mae Circle in Fairfax!

Homes For Sale Near Vienna Metro

More info, photos & price for 8898 Olive Mae Circle

Call (703) 242-3975 to schedule a showing

Another gorgeous listing from the Luxury Portfolio of Terry Belt & The Belt Team!

Best Realtor Fairfax VA

Just Listed: Near Mosaic District & Two Metros!

Fairfax Home For Sale Near Metro

If you’re looking for a home that’s spacious & sunny AND in a great location near the Mosaic District & two Metro stops, we’ve got the perfect home for you!

Just Listed at 8898 Olive Mae Circle in Fairfax!

More info, photos & price for 8898 Olive Mae Circle

Call (703) 242-3975 to schedule a showing

Fairfax Home For Sale Near MetroFairfax Home For Sale Near Metro

Another gorgeous listing from the Luxury Portfolio of Terry Belt & The Belt Team!

Best Realtor Fairfax VA

What Homebuyers Need To Know About “Shadow Inventory” in Northern VA

Shadow Inventory in Northern VA

Have you ever heard the term “shadow inventory“?

Shadow inventory is normally a term that refers to a supply of homes that has not yet been put on the market, but is “lurking” in the background – usually real estate properties that are in foreclosure (REO or bank owned properties) or close to foreclosure.

But there really is another type of “shadow inventory” here in Northern Virginia; and if you’re a Buyer, you need to pay attention to this!

As you know, inventory around Northern Virginia is scarce. Homes are selling quickly and there is not a glut of homes on the market the way there was five years ago. Homes that are priced well, in a good location and in good condition are getting snapped up – and sometimes getting multiple, competing contracts and selling over list price. Places like Vienna, VA for example, only have 2.5 months of housing inventory.

In the meantime, prices are rising and so are interest rates. So what is a Buyer to do?

Find the shadow inventory! Not the REO homes, but the “other” shadow inventory.

Successful, experienced Realtors often have their own “shadow inventory”. When you’ve been in the real estate business for an extended period of time and are tops in your field, you build up a very loyal clientele & following. And this means that past clients (and new ones) often contact you well in advance of going on the market. They list their home with you and then have you consult with them on how they can maximize the return on their home. Only then do they go about preparing the home – doing repairs, improvements, painting, staging, etc. And the home does not go on the market until everything is ready.

Therefore, there is a period of time between when the home is listed and when it actually hits the market. THIS creates a small amount of “shadow inventory” and THIS is why Buyers should work with TOP Realtors. It maximizes their chances of finding their dream home. Not only do TOP Realtors often have their onw shadow inventory, they zre wired in with other TOP agents as well. (This is one reason our team is affiliated with Keller Williams in McLean. Some of the best Realtors in the country are also in our office. It’s a BIG advantage for our clients.)

As an example, The Belt Team has signed listings for properties in the following areas that are not on the market yet: Great Falls, VA and Vienna, VA.

In addition to this, top agents also have vast networks of contacts and can reach out to them on your behalf. Sometimes, people are not actively ready to sell their home, but when we reach out to them on behalf of a buyer who has targeted their neighborhood and who is already approved for a loan, it’s enough to make them consider a sale. And sometimes they actually sell – without putting their home on the market. We have sold a number of homes that way. And it’s a win-win for both buyer and seller.

If you would like to work with a real estate team who is creative, proactive and who thinks outside the box, contact The Belt Team at (703) 242-3975. That’s what it takes to make your real estate dreams come true in today’s market.

Our mission is “Changing Lives For The Better, One Family At A Time.” Is it time to change YOURS?

Real Estate Prices Continue To Rise In Northern VA Markets

Labor Day has come & gone. The kids have gone back to school. “What I Did This Summer” essays are being written. So we think this is the perfect time to look back over the Northern VA real estate market and do a year-over-year comparison for listings, sales & prices from January through August.

You’ll note that we don’t list the Northern VA market as a whole. We prefer to view our markets more hyperlocally because each market can be very different. The markets you see listed are the ones we are most frequently asked about: Fairfax, Great Falls, McLean, Oakton, Reston & Vienna. (Contact The Belt Team by email if you would like info on other areas.)

Detailed statistics are below. Here are the highlights:

  • In each area listed, average sales prices are up over 2012. The lowest increase in average sales price was McLean – with a 2.4% increase over last year. The highest increase in price was seen in Reston – up 6.2% over last year.
  • Homes are selling quickly and average days on market in every locale are at the lowest we have seen for the past 6 years. The slowest market is Great Falls – with an average of 97 days on market for homes sold through August of this year. And while this may seem like a long time compared to Reston (which is averaging just 23 days so far this year), it’s still down from a high of 180 days in 2008.
  • Homes are also selling for the highest percentage of list price that we have seen since 2007. Reston & Oakton homes have sold for an average of 98.5% of original list price so far this year. And Great Falls is at 93.3%
  • With one exception, each area has seen an increase over last year in terms of new listings coming on the market. Vienna bucks that trend and actually has had the lowest number of new listings on the market during the period measured – down each year for 4 straight years.
  • Number of sales is up in every area for each of the past two years. (So – combine the fact that sales are up in Vienna, with the fact that new listings are down – and you see why we’re in a crazy Seller’s Market there!)

Here are detailed statistics from 2008 to 2013 for a sampling of our Northern Virginia real estate markets.

Fairfax Real Estate Stats

Great Falls Real Estate Stats

McLean Real Estate Stats

Oakton Real Estate Stats

Reston Real Estate Stats

Vienna Real Estate Stats

FREE Buyer Reports

FREE Seller Reports

FREE Home Value Analysis

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! After all, don’t you deserve the best Realtor in Northern Virginia?!

Just Listed in Kensington Square in Fairfax!

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

Kensington Square Home For Sale 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!

Search more homes for sale in Fairfax

Just Listed Near VRE & GMU in Fairfax!

Just Listed – 5566 Glasgow Woods Court in Fairfax – $269,995

Just Listed - 5566 Glasgow Woods Ct

Lovely townhome in Fairfax with plenty of updates and move in ready! Home includes an updated eat-in kitchen & separate dining room, updated stainless steel appliances, hardwood & over size custom tile floors on main level, carpeted upper level & custom blinds throughout. Master bedroom has a walk-in closet, crown molding, chair rail and ceiling fan. Private rear patio & yard. Close to VRE, Metro and GMU!

Search MLS for more homes in Fairfax

Contact The Belt Team for more information about 5566 Glasgow Woods Ct.

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!