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! 

1000 Galium Ct McLean Va 22102 – Just Listed by The Belt Team

1000 Galium Ct McLean Va 22102 was just listed by The Belt Team.

Beautiful, quiet Lot backing to trees on a culdesac in super McLean location. Easy access to Tysons, McLean, Washington DC. Great renovation or tear down and build new opportunity. Home and tennis court sold ~as-is~.

Price and LOTS more photos of 1000 Galium Ct McLean Va 22102

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

McLean Home Sale Statistics – How Long To Sell Your Home and Are Prices Rising?

If you’re thinking of buying or selling a home in McLean VA in 2017, then you’re probably wondering things like:

  • “How long are homes on the market?”
  • “Will I have to pay over list price or can I get a deal?
  • “How long will it take to sell my house?”
  • “Will I have to negotiate my list price?”
  • “Buyer’s Market or Seller’s Market?”

FREE Online INSTANT Home Valuation Estimator

Let’s look at 2016 statistics as they are often an indicator of what you can expect:

  • Average Days on Market in McLean: 90 (slightly slower than 85 days in 2015)
  • Sold Price as % of Original List Price: 93.2% (slight up from 92.3% in 2015)
  • Percent of Homes Sold in 10 Days or Less: 25% (down from 27% in 2015)
  • Average Sold Price: $1,034,826 (up 2.9% from $1,005,557 in 2015)
  • Number of Home Sales: 845 (up 9% from 774  in 2015)
  • More McLean Real Estate Market Stats

BUYERS:

Current housing supply in McLean is 4.7 months. This translates to neither a “Seller’s Market” or a “Buyer’s Market”, and actually puts McLean in a Balanced Market. (Be aware that number is for the market as a whole. If you are buying, you’ll need to ask for an analysis of the price range you’re looking in as some price ranges may actually have much more or much less inventory.) Either way, with 25% of the homes selling in 10 days or less – you need all the advantages you can get. Belt Team Buyers are eligible for our FREE Priority Notification List for new listings not yet in the MLS. Call 703-242-3975 for details.

SELLERS: 

Terry Belt, CEO of The Belt Team commented, “Every year, we see competition for the best listings in the market. Often times, those who sell in January/February sell for more than those who wait for the traditional “Spring Market”. In 2017, we especially think this will bear out as we are already seeing interest rates rise, pricing some folks out of the market. Time will tell as to what 2017 has in store, but The Belt Team is already working with a large number of Buyers and Sellers around Northern VA and we expect the market to start out briskly.”

If you’re selling a home, your next question may be – “Is there a way to sell faster and for more than average?” And the good news is YES!

The best way to do that is to hire a real estate team with an amazing track record of success.  And THAT is The Belt Team.

If you’re wondering whether all Realtors are the same, they’re not. Different real estate teams not only provide different experiences, but vastly different results. Who you choose to represent you can mean the difference of whether you get the house you want to buy and how much money you make when you sell – things that affect YOUR family’s lives forever.

Did you know there are more than 10,000 Realtors in Northern VA? The average agent sold 4 homes last year. The Belt Team sold 82! Our agents each averaged FOUR TIMES as many sales. If you were having surgery on your broken arm, would you want the orthopedist who did 82 surgeries last year or 4?

You can read what 154 of our clients had to say about us on Zillow.

Call The Belt Team at (703) 242-3975 if you would like to buy or sell a home in McLean. We are part owners of McLean’s #1 real estate office – Keller Williams Realty. And we sell more homes than any other single standing office in all of Fairfax County. We know the schools, the parks, the commuter short cuts, the history, the shopping, the recreation options and all the things that make McLean a most special place to live. Not only do we sell homes in McLean, but with genuine enthusiasm & experience, we sell the entire community.

 Don’y you deserve the BEST Realtors in McLean?

Top Realtor Vienna VA

Northern VA Housing Market – Post Election Update

Credit: Keeping Current Matters
Credit: Keeping Current Matters

Election years in Northern Virginia are usually a time when the real estate market takes a deep breath and pauses to see what will happen. “I’m putting my home search on hold until we see how the election shakes out”  and “I’m gonna wait and see what happens to interest rates after the election” are comments we’ve heard frequently over the past twelve elections.

Let’s look at the market stats for some of our Northern Virginia areas and see whether that rang true this year. The charts below show the number of home sales year-to-date year-over-year for 2014, 2015 & 2016. And there seems to be a pretty consistent pattern.

Northern VA Real Estate Market

Northern VA Real Estate MarketNorthern VA Real Estate MarketNorthern VA Real Estate StatsNorthern VA Real Estate StatsNorthern VA Real Estate StatsNorthern VA Real Estate StatsNorthern VA Real Estate StatsNorthern VA Real Estate StatsNorthern VA Real Estate Stats

 

 

 

 

 

 

 

 

Other than in Ashburn, sales rose significantly in 2015 over 2014. And instead of the market pausing to digest the election, home sales continued to rise in 2016. This was true in Alexandria, Arlington, Great Falls, Herndon, McLean, Oakton, Reston & Vienna – as well as in a number of other areas.

Stay tuned for our CEO Terry Belt’s 2017 Crystal Ball Predictions! (You can read his 2016 Predictions here).

Call Terry Belt & The Belt Team at (703) 242-3975 if you’d like a market analysis for your home or neighborhood. Statistics vary wildly between cities, school districts and price ranges. And if you’re thinking of selling in 2016, NOW is the time to prepare. Did you know that in many areas of Northern VA last year, Sellers who sold in January-February sold their homes for more than those who waited for the “Spring Market”?!

FREE INSTANT Estimate of Your Home’s Value

Search Home Values in YOUR Neighborhood or City on our STATE-OF-THE-ART WEB SITE

Selling Your Home in 2017? Easy Tip to Do NOW!

If you’re thinking of selling your Northern VA home in 2017, it’s never too early to prepare. Here’s an easy tip to get you started!

If you’re thinking of selling in the January to April timeframe, now is a great time for a photo shoot. Get some shots of the autumn leaves. Then when you put your home on the market this winter or early next year – when things are dead and brown – you’ll still be able to showcase your home at its best!

(Don’t forget to email The Belt Team and ask for our FREE Report “Questions To Ask Your Realtor When Selling A House”)

Inverness at Penderbrook Fairfax TH

Snow landscapes made lovely shots to show in that “in between” time in February-March, when it’s almost Spring, but the flowers aren’t blooming yet.

Snow Day in Vienna VA

(If you’re really organized, you can do what some of our past sellers have done and sign your listing now so we can have our professional photographer come out and shoot photos for you!)

Give Terry Belt or Kevin Kleifges a call at (703) 242-3975 to schedule a pre-listing walkthrough. Fall and winter are a great time to start thinking about the updates and repairs you might need to make in preparation for next year. And you’ll want to talk to them first to ensure you don’t waste time or money on things that really aren’t necessary.

If you’re wondering about Northern Virginia Market Statistics – click the links below to find out: How fast are homes selling? What’s happening with prices? Buyer’s Market or Seller’s Market?

8021 Agin Court McLean VA 22102 – Just Listed by The Belt Team

8021 Agin Court McLean VA 22102 has just been listed by The Belt Team! Here’s a sneak peek!

More info, price & additional photos of 8021 Agin Court McLean VA 22101

Call Tom Reilly & The Belt Team at (703) 629-1263 to schedule a showing!

Spacious living in the sought after McLean Hamlet neighborhood. This attractive colonial on a quiet cul-de-sac with an expansive addition features huge rooms, including two family rooms, four large bedrooms, three full bathrooms and a kitchen with newer Stainless Steel appliances. No carpeting in this home – hardwood floors and tile throughout! Ideal location near Spring Hill School, Rec Center & Metro less than one mile!

McLean Hamlet Homes For Sale

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 2016, 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: 86 days (up from 64 days in 2014 and 72 days in 2013)
  • Average Sold Price: $1,004,378 (down from $1,054,174 in 2014 and $1,094,034 in 2013)
  • Average Sold Price as % of List Price: 92.3% (down from 95.7% in 2014 and 96.8% in 2013)
  • Percent of Homes Sold in 10 Days or Less: 27% (down from 35% in 2014)

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.

2765 Centerboro Dr #349 Vienna VA 22181 – Listed by The Belt Team

2765 Centerboro Dr #349 Vienna VA 22181 was just listed by The Belt Team! Here’s a sneak peek!

Price and LOTS more photos of 2765 Centerboro Dr #349 Vienna VA 22181

Welcome to Marquis at Vienna Station! Not only is this lovely two bedroom/two bath condominium mere minutes from all the amenities of the Town of Vienna, it’s across the street from the Vienna Metro! A commuter’s dream with 2 reserved parking spaces!

Enjoy all the amenities the Marquis has to offer, such as…

  • State-of-the-art fitness center
  • Indoor half basketball court
  • Outdoor pool
  • Billiard & game room
  • Media room
  • Business center
  • Cyber café
  • Party room

Price and LOTS more photos of 2765 Centerboro Dr Unit 349 Vienna VA 22181

Call Tom Reilly & The Belt Team at (703) 629-1263 to schedule a showing!

Vienna Condos For Sale

6514 Bellamine Ct McLean VA 22101- Listed by The Belt Team

6514 Bellamine Ct in McLean was just listed by Tom Reilly & The Belt Team. Here’s a sneak peek:

Price, details & LOTS more photos of 6514 Bellamine Ct McLean VA 22101

Call Tom Reilly & The Belt Team at (703) 629-1263 to schedule a showing!

Homes For Sale Langley Oaks

A fabulous custom, two level addition defines this Langley Oaks colonial! This home has been renovated and enlarged making it a must see! Along with 3 finished levels, 6 bedrooms including 1 on the main level!) & 4.5 baths, this property offers a 2-story entry foyer, hardwood floors, an amazing gourmet eat-in kitchen open to the family room with wood-burning fireplace, a separate dining room, a tucked away main level bedroom & full bath, a screened-in porch, private back deck, and a 2-car attached oversized car garage. The spacious walk-out lower level includes a rec room, a game/exercise room and the 6th bedroom with walk-in closet & full bath. Backs to mature trees on a quiet cul-de sac in a fantastic location…don’t miss this one!.

Call Tom Reilly & The Belt Team at (703) 629-1263 to schedule a showing of 6514 Bellamine Ct in McLean!

1211 Daviswood Dr McLean VA 22102 – Listed by The Belt Team & Open Sunday July 19

1211 Daviswood Dr in McLean is listed by The Belt Team and is OPEN SUNDAY, July 19 from 2-4PM.

Here’s a sneak peek:

Price, details & LOTS more photos of 1211 Daviswood Dr McLean VA 22102

Call Tom Reilly & The Belt Team at (703) 629-1263 to schedule a showing!

Beautiful all brick colonial in the sought after Summerwood neighborhood…sited on a premium lot featuring a circular driveway, mature trees, professional landscaping and a large fenced back yard.  Stand out features include an updated eat-in kitchen open to the family room with attractive gas fireplace with fieldstone hearth, a master suite with 2 full baths, custom built-in cabinetry, crown molding, main level office, updated baths, fresh paint throughout and finished lower level with new carpet.  Ideal location near Tysons Corner, the Spring Hill Rec Center, the Silver Line Metro and many other amenities & commuter options.

Home For Sale in Summerwood McLean

Call Tom Reilly & The Belt Team at (703) 629-1263 to schedule a showing!