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

Vienna Homes Selling Quickly

If you’re thinking of buying a home in Vienna 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 Vienna 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?”

FREE Online INSTANT Home Valuation Estimator

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

  • Average Days on Market in Vienna: 62 (up from 56 days in 2015 & 44 days in 2014)
  • Sold Price as % of Original List Price: 96.3% (down from 96.7% in 2015)
  • Percent of Homes Sold in 10 Days or Less: 32% (down from 38% in 2015)
  • More Vienna Real Estate Market Stats

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 Vienna and we expect the market to start out briskly.”

(Note: 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.)

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 Vienna. And THAT is The Belt Team. Check out Belt Team statistics:

Once again in 2016, The Belt Team sold more homes in Vienna 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 Vienna. Not only do we sell more home in Vienna, 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 Vienna. Tom Hanton & Kevin Klefiges has also lived in Vienna since they were children and are raising their families here as well. Jerry & Gail Belt live in Reston now, but lived in Vienna for more than 30 years. We know the schools, the parks, the commuter short cuts, the history and all the things that make Vienna a most special place to live. Not only do we sell homes in Vienna, but with genuine enthusiasm & experience, we sell the entire community.

FREE Online INSTANT Home Valuation Estimator

 Don’y you deserve the BEST Realtor in Vienna?

Top Realtor Vienna VA

The Northern VA Real Estate Market Is Shifting – Special Message from CEO Terry Belt

I’ve lived in Northern VA for almost my entire life. And I’m a third generation real estate agent. I know both our area and real estate well! One thing I know for sure is that the real estate market is not a straight, static line and it never will be. It is always moving.

I believe we are going to see our next shift in the next 12 months or so. Local bankers and experts are giving it 12-24 months in the Northern VA – Washington DC area market before it hits. I’m calling it sooner, and yet who knows? This means I believe we will move into neutrality, then back into a Buyer’s Market. We are likely at the peak of this Seller’s cycle between now and Spring. In fact, some parts of our market have already shifted notably over the past 3 months.

I recently returned from masterminding with Gary Keller, the Chairman of the Board of Keller Williams Realty (the world’s largest real estate company with over 140,000 Realtors), and with our Top 100 agents. Approximately half of the metropolitan areas in the USA are already undergoing this shift. I am tracking it closely. We may or may not have one more spring as crazy and frenetic as this past one was, with multiple offers in the entry price ranges and buyers beating down seller’s doors. As one of the area’s top teams, The Belt Team has been privileged to help 71 families buy and sell homes so far this year, and we expect to help many more in the coming months. We have an excellent handle on the market and especially the micro markets throughout Northern VA and Washington DC. Sometimes those micromarkets are geographical and sometimes they are price driven.

What does this mean for you? Well our market has two primary seasons, although we are lucky that we don’t have extreme seasonality here. The majority of our residential real estate sales come in the spring. Our secondary market is fall: September/October. If you have been thinking about selling your home in the next few years, I highly urge you to email or call me (703-242-3975) so we can begin the conversation about home prep, pricing, and timing. You may not decide to sell now, and yet I highly recommend having the conversation now. I think selling in the next 60 days is outstanding timing.

Call, or email any time. We are happy to talk and meet with you, advise you on preparations & timing, and to give you a property and pricing analysis of your home with no obligation. Feel free to browse our website. I look forward to a continued conversation.

Best,
Terry Belt
CEO, The Belt Team

CEO The Belt Team

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

Vienna Homes Selling Quickly

If you’re thinking of buying a home in Vienna in 2016, 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 Vienna in 2016, 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?”

FREE Online INSTANT Home Valuation Estimator

Well, let’s look at 2015 statistics as they are often an indicator of what you can expect:

  • Average Days on Market in Vienna: 56 (up from 44 days in 2014)
  • Sold Price as % of Original List Price: 96.7% (down from 97.5%)
  • Percent of Homes Sold in 10 Days or Less: 38% (!)

Terry Belt, CEO of The Belt Team commented, “Last Spring we saw lots of competition for the best listings in the market. As spring became summer, and summer turned into fall – the market slowed and became very price sensitive. Time will tell as to what 2016 has in store, but The Belt Team is already working with a number of Buyers and Sellers in Vienna and we expect the market to start out briskly. In 2015, this was the case – and homes that sold in January/February sold for an average of $33,000 more than those that sold in March/April.”

(Note: 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.)

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 Vienna. And THAT is The Belt Team. Check out Belt Team statistics:

Once again in 2015, The Belt Team sold more homes in Vienna than any other agent or team. 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—52% more than the next closest team.

Vienna Home Sales

 

 

 

 

 

 

 

 

 

Only five of the 10,000+ Realtors in Northern VA have sold more than $100 Million in Vienna/Oakton in the past ten years. Of those 5 teams, 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 other top competitors.)

Only 2 agents/teams have sold $200 Million. (The Belt Team’s listings sell a month faster on average and for 2.5% more than this competitor. On a $2M home, that’s $50K in your pocket!)

Only 1 team has sold more than $400 Million! The Belt Team!

  • Average Days On Market – The Belt Team 70 Days
  • Average Days on Market—”Average Agent” 76 Days
  • Sold Price as % of Original List Price – The Belt Team 96.6%
  • Sold Price as % of Original List Price – “Average Agent”: 94.5%

(^ This means you put an extra $31,500 in your pocket on a $1.5 Million home!)

Call The Belt Team at (703) 242-3975 if you would like to buy or sell a home in Vienna. Not only do we sell more home in Vienna, 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 are now raising their families in Vienna. Tom Hanton & Kevin Klefiges has also lived in Vienna since they were children. Jerry & Gail Belt live in Reston now, but lived in Vienna for more than 30 years. We know the schools, the parks, the commuter short cuts, the history and all the things that make Vienna a most special place to live. Not only do we sell homes in Vienna, but with genuine enthusiasm & experience, we sell the entire community.

FREE Online INSTANT Home Valuation Estimator

 Don’y you deserve the BEST Realtor in Vienna?

Homebuyers Are On Borrowed Time, Sellers Take Note

Buyers Market or Sellers Market

If you’re thinking of buying a home in 2015, you may want to do it sooner rather than later. Why is that? Well, according to Gary Keller, Chairman of the Board of the world’s largest real estate company, “Home buyers are on borrowed time.” Keller made this comment back in February at Keller Williams Realty’s annual gathering of top associates from around the world as part of his economic update.

In case you’re thinking the comment made by Keller may have been self-serving just to encourage urgency among potential homebuyers, you might be interested to know that the Federal Reserve’s moves last week seem to corroborate Keller’s statement. From The Washington Post on March 19th: “The Federal Reserve cleared the way Wednesday for raising interest rates for the first time since the financial crisis.” The Fed was clear that a rate hike is not immediate or even imminent, but they definitely opened the door for that to happen this year. And as we see the economy improve, we also believe this will happen.

CEO The Belt TeamTerry Belt, CEO of The Belt Team says he is “advising our serious buyers that NOW is the time to buy. Rising interest rates, combined with rising home values mean that buying later will equal lower affordability and much less house. It is for this reason that we are also advising Sellers to sell sooner rather than later. If and when interest rates rise, some home buyers will be priced out of the market. And while home values are projected to rise in 2015, the projected rise is very moderate – about 3%, as compared to the 11% rise we saw in some areas over the past few years.”

Today, we spoke with Christine Todd, CEO of the Northern VA Association of Realtors (the 11th largest association in the U.S.). She told us that housing inventory in Northern VA is at a five year low and that throughout Northern VA, inventory is at 2 months. Two months of inventory translates to a Seller’s Market. That puts Sellers in the driver’s seat – making now a fabulous time to sell. It also means that Buyers have less options and it make take more time to find your dream home. And unlike the Rolling Stones song “Time Is On My Side”, it may only be a matter of time before rates rise. Another reason why waiting may not be to your benefit.

Whether you’re buying or selling, there are challenges on both ends. Buyers seek guidance on getting through credit hurdles, loan approvals and financing options. They need advocates who can advise on how to best compete, what their options are and how to find homes not already on the market. They want the RIGHT home. And while it sounds good to be a Seller during a Seller’s market (and it is!) – you still want to make sure you don’t leave money on the table and that once you are under contract, your sale actually goes to closing. THIS is where a top notch Realtor makes a difference and why the number of people selling by owner has gone down year after year.

The Belt Team has navigated the Northern Virginia real estate market since 1973. We have serious, long-term, committed Realtors on our team who are here to educate, navigate and advocate for you. When you read our online reviews, we think you’ll soon see why it’s in your best interests to work with what we think is the best real estate team in Northern VA. Our mission statement is “Changing Lives For The Better”. If it’s time to change yours, give Terry Belt & The Belt Team a call at (703) 242-3975. It would be a pleasure for our family to help your family make the right move. And that right move just might be NOW!

Best Real Estate Agents in Northern Virginia

Vienna Home Sale Statistics – How Fast Are Homes Selling and For How Much?

Vienna Homes Selling Quickly

If you’re thinking of buying a home in Vienna in 2015, 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 Vienna in 2015, 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?”

FREE Online INSTANT Home Valuation Estimator

Well, let’s look at 2014 statistics as they are often an indicator of what you can expect:

  • Average Days on Market in Vienna: 44 days
  • Sold Price as % of Original List Price: 97.5%

Terry Belt, CEO of The Belt Team commented, “Last Spring we saw lots of competition for the best listings in the market. As spring became summer, and summer turned into fall – the market slowed a bit and became very price sensitive. Time will tell as to what 2015 has in store, but The Belt Team is already working with a number of Buyers and Sellers in Vienna and we expect the market to start out briskly. In 2014, this was the case – and homes that sold in January/February sold for an average of $16,000 more than those that sold in March/April.”

(Note: 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.)

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 Vienna. And THAT is The Belt Team. Check out Belt Team statistics for Vienna home sales:

Over the past 10 years, The Belt Team has consistently sold more homes in Vienna than ANY other agent or team. With $371 Million in sales (416 homes) – that’s $76 Million more! And 45% more homes! There are more than 10,000 agents in Northern VA. No others have sold more than $100 million in the past 10 yrs!

Vienna Real Estate Stats 2015     Vienna Real Estate Stats 2015

In 2014, Belt Team listings in Vienna SOLD ALMOST A MONTH FASTER than the average agent’s.

Translation? Our Sellers saved almost a full mortgage payment and had a lot less stress from keeping their homes in “showing condition”.

  • Average Days on Market – The Belt Team: 20 days
  • Average Days on Market – “Average Agent”: 44 days

In 2014, Belt Team’s listings SOLD FOR 2.2% MORE of list price than the average agent’s. And for a higher percentage than ANY other top team/agent.

(As an example, a Seller of a $900K home would have pocketed almost $20,000 more!)

  • Sold Price as % of Original List Price – The Belt Team 99.7%
  • Sold Price as % of Original List Price – “Average Agent”: 97.5%

Cal The Belt Team at (703) 242-3975 if you would like to buy or sell a home in Vienna. Not only do we sell more home in Vienna, 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 are now raising their families in Vienna. Kevin Klefiges has also lived in Vienna since he was a child. Jerry & Gail Belt live in Reston now, but lived in Vienna for more than 30 years. We know the schools, the parks, the commuter short cuts, the history and all the things that make Vienna a most special place to live. Not only do we sell homes in Vienna, but with genuine enthusiasm & experience, we sell the entire community.

FREE Online INSTANT Home Valuation Estimator

 Don’y you deserve the BEST Realtor in Vienna?

 

What Do Vienna & Oakton Homebuyers Have In Common With Paper Towels?

Vienna & Oakton homebuyers have a lot in common with paper towels, at least they do with Bounty brand paper towels.

Remember the old TV commercials? They called Bounty the “quicker picker upper”!

Well – the way Vienna & Oakton’s housing market is moving, it looks like homebuyers are definitely “quicker picker uppers”. In the past 30 days, homes went under contract at the fastest pace we’ve seen this year.

Statistics show we are almost to the point where for every home listed, a home goes under contract!

(Note: In a “Balanced Market, there is normally about 6 months of housing inventory. Current supply in Vienna and Oakton is 1.1 and 1.3 months respectively!)

  • In Vienna in the past 30 days, there were 114 new listings – and 105 homes went under contract.
  • In Oakton in the past 30 days, there were 51 new listings – and 45 homes went under contract.

Don’t get left behind in the rush of today’s market. When the river is moving along this fast, whether you are a Buyer or a Seller, you need a good captain to navigate the waters. Many homes are selling before they hit the market. It’s not unusual for us to get a call from a buyer asking about a certain listing, only for us to have to tell them that it’s been under contract for days. And Sellers can also benefit from having top notch negotiators leveraging their possibilities to the hilt.

No matter why you’re moving, The Belt Team can help you make the BEST move. If you’re thinking of buying or selling a home, Contact The Belt Team at (703) 242-3975. We think you deserve the BEST Realtors in Northern Virginia!

Here are the rest of this weeks statistics:

Vienna Real Estate (22180,22181, 22182):

Search Homes For Sale in Vienna

  • Number of Contracts: 34
  • Average Days on Market for Active Listings: 104 days
  • Average Days on Market for Listings That Went Under Contract: 19 days
  • Inventory: 113 homes on the market
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 1.4 months (lowest in 2013!)
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 1.1 (lowest in 2013!)

What Is My Vienna Home Worth?

Last week in Oakton Real Estate (22124):

Search Homes For Sale in Oakton

  • Number of Contracts: 8
  • Average Days on Market for Active Listings: 89 days
  • Average Days on Market for Listings That Went Under Contract: 13 days
  • Inventory: 60 homes on the market
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 1.8 months (same as the prior 2 weeks)
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 1.3  months (same as the past week)

What Is My Oakton Home Worth?

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

Less Than 2 Months of Housing Inventory in Vienna & Oakton

Homes For Sale in Vienna Oakton Low

There is less than two months of housing inventory in the Vienna and Oakton real estate markets. And that’s no April Fool’s joke! It’s a SELLER”S MARKET! (Scroll down for market update.)

The Belt Team has a list of approved Buyers ready to move (not just ready to move, but anxious to move, urgent to move!) So if you are even pondering selling or know someone who is, call (703) 242-3975. It could be a win-win for you AND our buyers!

Here is what our Buyers are looking for:

  • Buyer looking in Vienna between $700,000 –  $900,000
  • Buyer looking in Vienna North of Beulah Road for up to $1,200,000
  • Renter looking to buy a townhouse in Vienna or Oakton
  • Buyer looking in Oakton between $600,000 –  $800,000
  • Buyer looking for Madison High School district
  • Buyer looking for Waverly, Eudora area in Vienna
  • Renter looking to buy in Mosby’s Landing in Vienna
  • Renter looking to buy a condo near Metro up to $400,000
  • Investor looking to buy a rental property around $300,000

Last week in Vienna Real Estate (22180,22181, 22182):

Search Homes For Sale in Vienna

  • Number of Contracts: 30 (way up from 13 the week before)
  • Average Days on Market for Active Listings: 102 days
  • Average Days on Market for Listings That Went Under Contract: 45 days
  • Inventory: 109 homes on the market (way down from 124 the week before)
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 1.6 months (lowest in 2013!)
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 1.2 (lowest in 2013!)

What Is My Vienna Home Worth?

Last week in Oakton Real Estate (22124):

Search Homes For Sale in Oakton

  • Number of Contracts: 10 (down from 13 the week before)
  • Average Days on Market for Active Listings: 90 days
  • Average Days on Market for Listings That Went Under Contract: 29 days
  • Inventory: 57 homes on the market (same as the week before)
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 1.8 months (same as the week before)
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 1.3  months (up from 1.3 the week before)

What Is My Oakton Home Worth?

No matter why you’re moving, we can help you make the BEST move. If you’re thinking of buying or selling a home, Contact The Belt Team at (703) 242-3975. We think you deserve the BEST Realtors in Northern Virginia!

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