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! 

10224 Vale Rd. Vienna, VA 22181- Just Listed by The Belt Team – Kemper Park! OPEN HOUSE 7/14 12-3PM!

10224 Vale Rd. Vienna, VA 22181 was Just Listed by The Belt Team!

This gorgeous colonial is in sought after Kemper Park! 4 BR, 2 full/2 half Baths, walk out basement, large decks, screened in porch, spacious patio, backs to parkland, & so much more! Updates/improvements include: roof replaced in 2018, hot water heater replaced in 2015, windows replaced 2012 & 2011, all exterior doors replaced in 2011, & furnace replaced in 2010. This home is move in ready!

Price, lots more photos & additional info 10224 Vale Rd. Vienna, VA 22181

Call Terry & The Belt Team at (703) 242-3975!

Call or text Tom & The Belt Team at (703) 242-3975 if you would like to buy or sell in Vienna this year. The Belt Team is Vienna’s #1 Real Estate Team. (Sellers –  you’ll be interested to know that Belt Team Sellers sell FASTER and for MORE money than average!

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! 

2435 Holt St. Vienna, VA 22180- Just Listed by The Belt Team – Stonewall Manor! Open Sunday 5/12 1-4PM!

2435 Holt St. Vienna, VA 22180 was Just Listed by The Belt Team!

This delightful split foyer is located in the sought after Stonewall Manor neighborhood. Prime location! 1 block from W&OD bike trail and walking distance to Thoreau Middle School. 1 mile from Dunn Loring Metro and convenient to shopping & entertainment at Mosaic District, Reston Town Center, Tysons Corner, Great Falls, & Washington DC. Features include 4 BR/2.5 Bath, hardwood floors, wood burning fireplace, traditional floor plan, stainless steel appliances, spacious eat-in kitchen, beautiful
13,000 sqft yard, large windows, & so much more!

Price, lots more photos & additional info 2435 Holt St. Vienna, VA 22180

Call Terry & The Belt Team at (703) 242-3975!

Call or text Tom & The Belt Team at (703) 242-3975 if you would like to buy or sell in Vienna this year. The Belt Team is Vienna’s #1 Real Estate Team. (Sellers –  you’ll be interested to know that Belt Team Sellers sell FASTER and for MORE money than average!

10208 Vale Rd. Vienna, VA 22181- Just Listed by The Belt Team – Kemper Park!

10208 Vale Rd. Vienna, VA 22181 was Just Listed by The Belt Team!

Charming split level in sought after Kemper Park! 5BR/2.5BATH, Hardwood floors, fireplace, ceiling fans, spacious eat-in kitchen, separate dining room, large lower level featuring guest room, wide open flat lot backing to Kemper Park!

Price, lots more photos & additional info 10208 Vale Rd. Vienna, VA 22181

Call Terry & The Belt Team at (703) 242-3975!

Call or text Tom & The Belt Team at (703) 242-3975 if you would like to buy or sell in Vienna this year. The Belt Team is Vienna’s #1 Real Estate Team. (Sellers –  you’ll be interested to know that Belt Team Sellers sell FASTER and for MORE money than average!

10210 Vale Rd. Vienna, VA 22181- Just Listed by The Belt Team – Kemper Park!

10210 Vale Rd. Vienna, VA 22181 was Just Listed by The Belt Team!

This gorgeous custom rambler is in sought after Kemper Park! Featuring 4BR/2.5 BATH, shining hardwood floors, spacious eat-in kitchen, large windows, master en-suite, english style basement with guest room, stunning stone patio & private fully fenced backyard (backs to trees & Kemper Park!). You are tucked away yet close to everything including the town of Vienna, Oakton shopping center, Tysons Corner, Reston Town center, & Mosaic district. This one won’t last long!

Price, lots more photos & additional info 10210 Vale Rd. Vienna, VA 22181

Call Terry & The Belt Team at (703) 242-3975!

Call or text Terry & The Belt Team at (703) 242-3975 if you would like to buy or sell in Vienna this year. The Belt Team is Vienna’s #1 Real Estate Team. (Sellers –  you’ll be interested to know that Belt Team Sellers sell FASTER and for MORE money than average!

9926 Blake Ln. Oakton, VA- Just Listed by The Belt Team – Amazing Oakton Location!

9926 Blake Ln. Oakton, VA 22124 was Just Listed by The Belt Team!

Welcome home to this newer Built (’01) custom home in OHS district. 4BR/3.5 BATH, 9′ ceilings, shining hardwood floors, crown moldings, wood burning fireplace, gourmet kitchen, gorgeous master en-suite, spacious rec room, large deck & patio on a spacious private lot. It’s super rare to see something this nice, this new and with so much land appear on the market in Oakton! Fantastic location; Great layout. Move in Ready!

Price, lots more photos & additional info 9926 Blake Ln. Oakton, VA 22124

Call Tom Hanton & The Belt Team at (703) 242-3975!

Call Tom Hanton & The Belt Team at (703) 242-3975 if you would like to buy or sell in Northern Virginia this year. (Sellers –  you’ll be interested to know that Belt Team Sellers sell FASTER and for MORE money than average!

Text BELTVALUE to 59559 for your FREE home valuation!

10209 Lawyers Rd Vienna, VA- Just Listed by The Belt Team – Amazing Vienna Location – 1 Acre lot! Open Sunday 2-4PM!

10209 Lawyers Rd Vienna, VA 22181 was Just Listed by The Belt Team!

Welcome home to this gorgeous colonial tucked away on a spacious 1 acre lot in Vienna! Sought after location and land featuring 4 bedrooms/3.2 baths, interior freshly painted, shining hardwood floors on main and upper level, formal living and dining room, study on the main level, breakfast area, family room, mud-room and an oversized 2 car garage. Great backyard with large deck and finished basement with a home theater. Move in ready!

Price, lots more photos & additional info 10209 Lawyers Rd Vienna, VA 22181 

Call Tom Hanton & The Belt Team at (703) 242-3975!

Call Tom Hanton & The Belt Team at (703) 242-3975 if you would like to buy or sell in Vienna this year. The Belt Team is Vienna’s #1 Real Estate Team. (Sellers –  you’ll be interested to know that Belt Team Sellers sell FASTER and for MORE money than average! Special info for Vienna Home Sellers.)

9414 Delancey Drive, VA 22182- Just Listed by The Belt Team – Amazing Vienna Location! Open Sunday 1-4PM!

4017 oxford st (4)

9414 Delancey Dr. Vienna, VA 22182 was Just Listed by The Belt Team!

Welcome home to this lovely colonial in the sought after Beulah Terrace neighborhood. This exquisite property features 5 bedrooms /2.5 baths. Exceptional details include shining hardwood floors, beautiful architectural details, gas fireplace with mantel, spacious eat-in kitchen, updated appliances, recessed lighting, large deck & stone patio, spacious lot, and so much more! The outdoor space & floor plan are an entertainers dream come true. This home is ready to host your house warming!

Price, lots more photos & additional info 9414 Delancey Dr. Vienna, VA 22182

Call Kevin Kleifges & The Belt Team at (703) 242-3975!

Call Kevin Kleifges & The Belt Team at (703) 242-3975 if you would like to buy or sell in Vienna this year. The Belt Team is Vienna’s #1 Real Estate Team. (Sellers –  you’ll be interested to know that Belt Team Sellers sell FASTER and for MORE money than average! Special info for Vienna Home Sellers.)