Home Sale Statistics in Our Area – August 2019

Welcome to our monthly post of home sale statistics for our region and some hyper local markets! Below you will find the numbers for August 2019.

With inventory remaining low…it’s still a great time to sell!  If you are thinking of making a move, contact The Belt Team NOW (703-242-3975) to make sure you are working with an agent that is on top of the market and can provide you with all the information you need.

26,051 homes went under contract in the region. This is up (16%) from the same time period in 2018.

30% of the homes that went to settlement in August 2019, sold in 10 days or less from when they hit the market. 

• Average sold price was $360,467 (up 4% from the same time period in 2018).

31,687 homes came on the market. That’s down just under 3% from August 2018.

• Homes that sold (closed) averaged 55 days on market, 1 day longer than in August of 2018.

• There is currently a 2.9 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 Mid Atlantic Region – and 65,258 homes for sale (townhouse, condo and single family).

OVERALL: The Mid-Atlantic Region remains in a Seller’s Market.  The overall market conditions in the region did not change significantly in August but let’s take a look at some of our local markets and see what their numbers look like.

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

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

Home Sale Statistics in Our Area – July 2019

Welcome to our monthly post of home sale statistics for our region and some hyper local markets! Below you will find the numbers for July 2019.

It is still a great time to sell! Please call or text The Belt Team at (703) 242-3975 or email info@thebeltteam.com to discuss in more detail what is happening in your market …we’d love to help you realize your real estate dreams!

• 27,439 homes went under contract in the region. This is up (12.8%) from the same time period in 2018.

• 28% of the homes that went to settlement in July 2019, sold in 10 days or less from when they hit the market. 

• Average sold price was $368,571 (up 4.91% from the same time period in 2018).

• 33,104 homes came on the market. That’s down 0.1%from July 2018.

• Homes that sold (closed) averaged 57 days on market, 7 days longer than in July of 2018.

• There is currently a 3.0 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 Mid Atlantic Region – and 66,513 homes for sale (townhouse, condo and single family).

OVERALL: The Mid-Atlantic Region remains in a Seller’s Market.  Again, the overall market conditions in the region did not change significantly in July but let’s take a look at some of our local markets and see what their numbers look like. 

Buyers & Sellers who are successful in today’s market look at the data and act accordingly…and so do our agents!  Contact The Belt Team NOW (703-242-3975) to make sure you are working with an agent that is on top of the market you are targeting and can provide you with all the information you need.

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

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

Home Sale Statistics in Our Area – June 2019

Welcome to our monthly post of home sale statistics for our region and some hyper local markets! Below you will find the numbers for June 2019.

Please call or text The Belt Team at (703) 242-3975 or email info@thebeltteam.com to discuss in more detail what is happening in your market or if you are interested in buying and/or selling…we’d love to hear from you!

28,484 homes went under contract in the region. This is up (8.23%) from the same time period in 2018.

31% of the homes that went to settlement in June 2019, sold in 10 days or less from when they hit the market. 

• Average sold price was $374,501 (up 4.91% from the same time period in 2018).

35,305 homes came on the market. That’s down 4.16% from June 2018.

• Homes that sold (closed) averaged 55 days on market, 4 days longer than in June of 2018.

• There is currently a 3.0 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 Mid Atlantic Region – and 67,494 homes for sale (townhouse, condo and single family).

OVERALL: The Mid-Atlantic Region remains in a Seller’s Market.  We saw a very slight increase in the average sales price from last month and the number of new listings that came on the market decreased again this month. 

The overall market conditions in the region did not change significantly in June but let’s take a look at some of our local markets and see what their numbers look like…some areas have seen their market slowing a bit.  The number of homes hitting the market decreased from last month and the average days on market is increasing.

Buyers & Sellers who are successful in today’s market look at the data and act accordingly…and so do our agents!  Contact The Belt Team NOW (703-242-3975) to make sure you are working with an agent that is on top of the market you are targeting and can provide you with all the information you need.

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

Home Sale Statistics in Our Area – May 2019

Welcome to our monthly post of home sale statistics for our region and some hyper local markets!

Below you will find the numbers for May. Please call or text The Belt Team at (703) 242-3975 or email info@thebeltteam.com to discuss in more detail what is happening in your market or if you are interested in buying and/or selling…we’d love to hear from you!

31,155 homes went under contract in the region. This is up (10.02%) from the same time period in 2018.

31% of the homes that went to settlement in May 2019, sold in 10 days or less from when they hit the market. 

• Average sold price was $368,854 (up 4.35% from the same time period in 2018).

41,647 homes came on the market. That’s up 1.42% from May 2018.

• Homes that sold (closed) averaged 59 days on market, 3 days slower than in May of 2018.

There is currently a 3.0 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 Mid Atlantic Region – and 67,332 homes for sale (townhouse, condo and single family).

OVERALL: The Mid-Atlantic Region remains in a Seller’s Market. We saw a slight increase in the average sales price from last month and the number of new listings that came on the market decreased by over 21,000.

We’ve said it before….the trend continues to be the difference between inventory and demand in the upper-end price points (“luxury”) vs the more affordable segments (“starter & trade-up market”).

So, if you are thinking of selling, now may be the time! Demand for your house will be strong at a time when there is very little competition. That could lead to a quick sale for a really good price! So, contact us NOW (703-242-3975) to make sure you are working with an agent that will provide you with the data you need to make good decisions. The reality is that Buyers & Sellers who are successful in today’s market look at the data and act accordingly.

Let’s take a deeper dive into the numbers of our local market areas, and see where this trend continues…

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

Home Sale Statistics in Our Area – April 2019

Welcome to our monthly post of home sale statistics for our region and some hyper local markets!  Below you will find the numbers for April.

Please call or text The Belt Team at (703) 242-3975 or email info@thebeltteam.com to discuss in more detail what is happening in your market or if you are interested in buying and/or selling…we’d love to hear from you!

OVERALL: The Mid-Atlantic Region remains in a Seller’s Market.  However, the trend continues to be the difference between inventory and demand in the upper-end price points (“luxury”) vs the more affordable segments (“starter & trade-up market”).

  • Inventory continues to rise in the luxury and premium home markets which is causing prices to cool. ‘
  • Demand continues to rise with lower-than-normal inventory levels in the starter and trade-up home markets, causing prices to rise on a year-over-year basis.

If you are thinking of selling, now may be the time! Demand for your house will be strong at a time when there is very little competition. That could lead to a quick sale for a really good price!  So, contact us NOW (703-242-3975) to make sure you are working with an agent that will provide you with the data you need to make good decisions. The reality is that Buyers & Sellers who are successful in today’s market look at the data and act accordingly.

Let’s take a deeper dive into the numbers of our local market areas, and see where this trend continues…

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

632 Walker Road, Great Falls, VA 22066 – Listed by The Belt Team – Open Sunday Jun 11

632 Walker Road, Great Falls, VA 22066 is listed by The Belt Team and will be OPEN SUNDAY June 11 from 1-3PM. Price has been improved to $1,149,000! 

Welcome to this stunning custom home situated on a gorgeously landscaped lot in the heart of Great Falls! This home has been beautifully updated and is ready for it’s new owners! 3 finished levels with 5 bedrooms, 5.5 baths (including 2 master suites!), shining hardwood floors & decorative moldings throughout, a fabulous gourmet kitchen, a formal dining room, 3 fireplaces, a family room with soaring ceilings, a finished lower, and incredible outdoor living/entertaining spaces including a large deck and covered front porch! A desirable location offering terrific schools (Langley High School pyramid), easy commuting and easy access to all the amenities of Great Falls, Tysons Corner and Reston Town Center.

Price and lots of additional photos of 632 Walker Road, Great Falls, VA 22066

Call Kevin Kleifges & The Belt Team at (703) 242-3975 to schedule a showing!

For more questions, a specific update on YOUR neighborhood, or a FREE Buyer or Seller Consultation. – call Kevin Kleifges Belt & The Belt Team at (703) 242-3975.

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632 Walker Road, Great Falls, VA 22066 – Listed by The Belt Team – Open Sunday April 2

632 Walker Road, Great Falls, VA 22066 is listed by The Belt Team and will be OPEN SUNDAY April 2nd from 2-4PM. Price has been improved to $1,149,000! 

Welcome to this stunning custom home situated on a gorgeously landscaped lot in the heart of Great Falls! This home has been beautifully updated and is ready for it’s new owners! 3 finished levels with 5 bedrooms, 5.5 baths (including 2 master suites!), shining hardwood floors & decorative moldings throughout, a fabulous gourmet kitchen, a formal dining room, 3 fireplaces, a family room with soaring ceilings, a finished lower, and incredible outdoor living/entertaining spaces including a large deck and covered front porch! A desirable location offering terrific schools (Langley High School pyramid), easy commuting and easy access to all the amenities of Great Falls, Tysons Corner and Reston Town Center.

Price and lots of additional photos of 632 Walker Road, Great Falls, VA 22066

Call Kevin Kleifges & The Belt Team at (703) 242-3975 to schedule a showing!

For more questions, a specific update on YOUR neighborhood, or a FREE Buyer or Seller Consultation. – call Kevin Kleifges Belt & The Belt Team at (703) 242-3975.

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The Belt Team Awarded Top 100 Real Estate Blog on The Planet

Northern VA Real Estate BlogsThe Belt Team was just notified that we have been named to the “Top 100 Real Estate Blogs on the Planet” list!

Our competition included not just other Realtors (of which there are more than 1.2 Million in the U.S.), but also entire brokerages (like Keller Williams Realty), listing portals (like Zillow) and news organizations (like Inman News). We are one of only 2 Realtors or teams in the entire state of Virginia to make the list. (The other was in Charlottesville). We are thrilled because that means the Sellers we represent have market exposure like no other Realtor can provide in Northern VA. And our buyers get the local “boots on the ground” info they need.

Real estate is local. It’s actually hyperlocal. What you read about in the paper, hear about on the news, see posted on Facebook, skim on Twitter or see delivered to your email – is NOT necessarily what’s happening in YOUR neighborhood. Even right here in Northern VA, what’s happening in Arlington may not match Alexandria. Great Falls and Falls Church may be on opposite ends of the spectrum. And even in the same town, things can be different. For example, the Vienna market is currently seeing both a buyer’s market and a seller’s market depending on price range.

THAT is why we started blogging TWENTY years ago. If you are thinking of buying or selling in Northern Virginia, THIS is where you want to be to find out local statistics and strategies for how to win in TODAY’S Northern VA real estate market. In addition to posting new listings, coming soon and TONS of local market stats, we also share real estate related strategies and info that benefit our clients.

Here are a few of our most popular blog posts over the years:

Call The Belt Team at (703) 242-3975. We’ll help you interpret the market in YOUR neighborhood or the neighborhood you’re moving to, so you can make the BEST move!

WHat Is My Home Worth

 

 

632 Walker Road, Great Falls, VA 22066 – Listed by The Belt Team – Open Sunday January 22

632 Walker Road, Great Falls, VA 22066 is listed by The Belt Team and will be OPEN SUNDAY January 22nd from 1-3PM.

Welcome to this stunning custom home situated on a gorgeously landscaped lot in the heart of Great Falls! This home has been beautifully updated and is ready for it’s new owners! 3 finished levels with 5 bedrooms, 5.5 baths (including 2 master suites!), shining hardwood floors & decorative moldings throughout, a fabulous gourmet kitchen, a formal dining room, 3 fireplaces, a family room with soaring ceilings, a finished lower, and incredible outdoor living/entertaining spaces including a large deck and covered front porch! A desirable location offering terrific schools (Langley High School pyramid), easy commuting and easy access to all the amenities of Great Falls, Tysons Corner and Reston Town Center.

Price and lots of additional photos of 632 Walker Road, Great Falls, VA 22066

Call Kevin Kleifges & The Belt Team at (703) 242-3975 to schedule a showing!

For more questions, a specific update on YOUR neighborhood, or a FREE Buyer or Seller Consultation. – call Kevin Kleifges Belt & The Belt Team at (703) 242-3975.

Homes For Sale in Langley High School Pyramid Homes For Sale in Langley High School Pyramid Homes For Sale in Langley High School Pyramid

632 Walker Road, Great Falls, VA 22066 – Listed by The Belt Team – Open Sunday October 2nd

632 Walker Road, Great Falls, VA 22066 is listed by The Belt Team and will be OPEN SUNDAY January 8th from 2-4PM.

Welcome to this stunning custom home situated on a gorgeously landscaped lot in the heart of Great Falls! This home has been beautifully updated and is ready for it’s new owners! 3 finished levels with 5 bedrooms, 5.5 baths (including 2 master suites!), shining hardwood floors & decorative moldings throughout, a fabulous gourmet kitchen, a formal dining room, 3 fireplaces, a family room with soaring ceilings, a finished lower, and incredible outdoor living/entertaining spaces including a large deck and covered front porch! A desirable location offering terrific schools (Langley High School pyramid), easy commuting and easy access to all the amenities of Great Falls, Tysons Corner and Reston Town Center.

Price and lots of additional photos of 632 Walker Road, Great Falls, VA 22066

Call Kevin Kleifges & The Belt Team at (703) 242-3975 to schedule a showing!

For more questions, a specific update on YOUR neighborhood, or a FREE Buyer or Seller Consultation. – call Kevin Kleifges Belt & The Belt Team at (703) 242-3975.

Homes For Sale in Langley High School Pyramid Homes For Sale in Langley High School Pyramid Homes For Sale in Langley High School Pyramid