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

If you’re thinking of buying a home in Oakton 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?”
  • “Buyer’s Market or Seller’s Market?”

If you’re thinking of selling a home in Oakton in 2017, you’re probably wondering:

  • “How long will it take to sell my house?”
  • “Will I have to negotiate my list price?”
  • “Seller’s Market or Buyer’s Market?”

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

  • Average Days on Market in Oakton: 67  (up from 61 days in 2015)
  • Sold Price as % of Original List Price: 95.6% (up from 95.5% in 2015)
  • Percent of Homes Sold in 10 Days or Less: 26% (down from 29% in 2015)
  • Average Sold Price: $676,683 (down from $739,544 in 2015)
  • Number of Home Sales: 321 (up from 318 in 2015)
  • More Oakton Real Estate Market Stats

BUYERS:

Current housing supply in Oakton VA is 2.9 months. This translates to a “Seller’s 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 inventory.) Either way – 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 number of Buyers and Sellers in Oakton 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 the real estate team with the best proven track record of success in the Oakton Vienna area. (Yes – we include Vienna because most people looking at homes in OAkton are also looking in Vienna. So having a top Realtor in both areas is in your best interests. When Buyers look at our listings in Vienna and rule our Vienna, we can refer them to our listings in Oakton!)

So who is that? It’s The Belt Team. Check out Belt Team statistics:

Once again in 2016, The Belt Team sold more homes in the Oakton Vienna area than any other agent or team. This has been the case every single year since 2009. Our track record here shows we sell homes more quickly and for more money than the “average agent”. Our experience & expertise save you time & money!

Anyone can have a good year. Maybe even a good year or two. When you’re selling your home, you need results you can count on. Over the past 10 years, The Belt Team has consistently sold more homes in the Oakton/Vienna area than ANY other agent or team—84% more than the next closest team.

The Belt Team

 

 

 

 

 

 

 

Only three of the 10,000+ Realtors in Northern VA have sold more than 200 homes in Vienna/Oakton in the past ten years. Of those, The Belt Team has the best sold to list price ratio. (Meaning not only do our homes sell faster than average, they sell for a higher percentage of list price than our top competitors.)

Only two agents/teams in Northern VA have sales of more than $250 Million. The Belt Team is one of them. We’ve sold more than $395 Million. 57% more than our next closest competitor. AND our listings also sell more than a month FASTER and FOR 3.3% MORE than this competitor.

On a $2M home, that’s $66K more in YOUR pocket!

Call The Belt Team at (703) 242-3975 if you would like to buy or sell a home in the Oakton Vienna. Not only have we sold more home in this area, but many of our team members have lived here for years. Terry Belt & Christy Belt Grossman grew up in Vienna, have lived here since 1972 and raised their families in here. And Christy’s husband Bill is a baseball coach at Oakton High School. Tom Hanton & Kevin Klefiges has also lived in the area since they were children and are raising their families here as well. We know the schools, the parks, the commuter short cuts, the history and all the things that make Oakton a most special place to live. Not only do we sell homes in Oakton, but with genuine enthusiasm & experience, we sell the entire community.

FREE Online INSTANT Home Valuation Estimator

 Don’t YOU deserve the BEST Realtor in the Oakton Vienna area?

Top Realtor Vienna VA

Oakton Virginia: Buyer’s Market or Seller’s Market? How Long To Sell Your Home and Are Prices Rising?

If you’re looking to buy or sell real estate in Oakton, VA in 2016, you may be wondering how long homes are on the market, whether prices are up or down and whether it’s a Buyer’s Market or Seller’s Market.

First, let’s look at what happened in 2015:

  • Average Days on Market: 62 days (almost the same as 2014 and up from 52 days in 2013)
  • Average Sold Price: $738,418  (up 5.3% from 2014 and 8.6% from 2013)
  • Average Sold Price as % of List Price: 95.6% (down from 96.2% in 2014 and 97.7% in 2013)
  • Percent of Homes Sold in 10 Days or Less: 29%

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 Oakton VA 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 Oakton this year.

Buyers – you’ll be interested to know that Belt Team buyers only paid 94.1% of original list price in 2015 – versus the average buyer who paid 95.6%! That’s a savings of $22,500 on a $1.5 million dollar home!

Sellers – you’ll also be happy that our listings on the Oakton Vienna area over the past 10 years have sold FASTER and for MORE MONEY than average!

Oakton Virginia: Buyer’s Market or Seller’s Market? How Long To Sell Your Home and Are Prices Rising?

If you’re looking to buy or sell real estate in Oakton, VA in 2015, you may be wondering how long homes are on the market, whether prices are up or down and whether it’s a Buyer’s Market or Seller’s Market.

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

  • Average Days on Market: 64 days (up from 52 days in 2013)
  • Average Sold Price: $701,396 (up from $679,665 in 2013)
  • Average Sold Price as % of List Price: 96.2% (down from 97.7% in 2013)
  • Percent of Homes Sold in 10 Days or Less: 30%

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

Oakton Real Estate Stats: 2003 to 2013

As we head into the New Year – it’s a good time to look back over the past 10 years and see what has happened in Oakton real estate. Here are the highlights:

HOME PRICES:

Prices are steadily rising. The average price in Oakton rose 9% over the previous year. However, unlike in Vienna where prices are higher than they were at the height of the market in 2006; Oakton’s prices remain below the market high in 2005.

 Oakton Home Prices Rising

NUMBER OF HOME SALES:

Oakton saw a HUGE jump in sales in 2013 – 35% over the previous year! More homes were sold than in any year since 2004.

How Many Homes Sold In Oakton 2013

DAYS ON MARKET:

Homes continue to sell quickly in Oakton. In 2013, homes sold in an average of 49 days – faster than in any other year since 2005. (Note: Belt Team listings sold in an average of 9 days – AND at a higher percentage of list price than average. This means Belt Team Sellers had one less mortgage payment to make – saving thousands of dollars!)

 Hos Fast Do Homes Sell in Oakton VA

SOLD PRICE AS PERCENTAGE OF LIST PRICE:

Sellers in 2013 garnered a higher percentage of list price than in any year since 2005 – 96.75%. (For example, if a home was listed at $800,000 – the average Seller would have sold it for $774,000. )

Oakton Real Estate Stats Sold Price To List Price 2003 to 2013

Search Our State-of-the-Art Site For Homes For Sale in Oakton

FREE – How Much Is My Oakton Home Worth?

Contact our CEO, Terry Belt about selling your home in Oakton.

Contact our Senior Buyer Specialist, Tom Reilly about buying a home in Oakton.

Oakton Mid-Year Housing Update – 2013

Oakton Mid Year Housing Statistics

With the upcoming 4th of July holiday just days away, it’s time to take a look back and see how the Oakton real estate market has fared. Instead of updating you on what has happened in the past week like we usually do, let’s pause and take a look back to the year 2000 and see where Oakton stands in terms of number of home sales, average selling price and average days on market.

The charts below show a year-over-year comparison for January through June for each year from 2000 through 2013. What do we see?

Oakton Real Estate Stats Average Days On Market

Average days on market for homes sold in Oakton for the first half of 2013 was 45 days. This is the fastest market we have experienced since 2005 when average days on market was just 25 days.

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What Is My Oakton Home Worth?

Oakton Real Estate Home Sales

Total number of sales in the first half of 2013 was 188 homes. Despite low inventory, this is the most homes sold in Oakton in the first half of the year since 2004. (Note to Sellers – It’s a GREAT time to sell. Low inventory puts YOU in the driver’s seat!).

Search Oakton Homes For Sale

What Is My Oakton Home Worth?

Oakton Real Estate Stats Average Sales Price

Average Sales price in Oakton is up 11.3% over last year. Unlike Vienna, where average sales price has risen for 4 straight years, Oakton’s average sales price has fluctuated over the past few years – falling twice & rising twice.

Search Oakton Homes For Sale

What Is My Oakton Home Worth?

(Next Wednesday, we’ll be back to our usual weekly Oakton update. In the meantime, contact The Belt Team for more information. We sell more homes than almost any Realtor in Northern VA. Oakton, Vienna & McLean are our special areas of expertise, but we have experience from Ashburn to Arlington, Falls Church to Fairfax. And we know it’s only the neighborhood that YOU live in (or WANT to live in!) that matters!

“Changing Lives For The Better – One Family At A Time!”