Real Estate Market

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Featured Listing

For Sale: $725,000

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Northern VA Real Estate News - The BELT Way!

FREE Instant Online Home Valuation! And a GREAT Mortgage Advisor!

Thinking about moving, but not sure what your home would sell for? Wondering if you have enough value in your home to refinance? It's highly likley your home is worth more than it was 12 months ago! Check out our new online INSTANT home valuation tool!


If you're wondering if rates are low enough to refinance ~ or whether values have come up enough ~ or you're thinking of moving and aren't sure whether you need to sell before you buy ~ or you're thinking of buying an investment property or second home . . . 

Then you also may need to talk to a top-notch lender who can lay out ALL your options. The Belt Team has a fantastic resource in our lending partner John Clark Jr with New Penn Financial. Our clients appreciate his vast experience and the resources he has to offer through New Penn Financial. He might even tell you about options that never crossed your mind! 

Contact John Clark Jr.

If you're thinking of buying (or selling) a second home or investment property in another part of the state our country, reach out to The Belt Team. We are networked with top real estate teams all over the world and are happy to connect you so you are not buying "blind"! 

Home Sales Down, Prices Up In MOST of Northern VA (but not all!)

A year-over-year comparison for home prices in Northern Virginia (for homes that sold Jan 1 thru June 16) shows several trends for most of Northern Virginia: 

Number of Home Sales:

The number of home sales is down in almost every area of Northern VA. Burke & Dunn Loring home sales remained stable. In Springfield, home sales increased 4% this year – from 522 sales to 543 sales. However, in every other city, home sales fell. The most extreme drop in sales occurred in Great Falls, where home sales dropped 43% (from 122 sales to 70 sales).

Average Sales Price:

With three exceptions, home sale prices increased in every city in Northern Virginia. One area (Burke) remained almost stable. And two areas (Mclean and Great Falls) saw prices fall. Note that McLean and Great Falls are also the only two Northern Virginia areas where the average home price exceeded $1 million. The areas seeing the highest rise in values year over year were Herndon (6.9%), Vienna (8.4%), Chantilly (9.2%) and Dunn Loring (10.4%).

Details of home sales and prices for each city are on our blog.

If you’re buying or selling a home, it’s imperative you know the market trends not just in YOUR city – but also your school district and neighborhood.

This will help guide your pricing strategy. Statistics are not the ONLY guide to pricing, but are an important piece of the puzzle – whether you’re a Seller deciding on where to price your home for market – or a Buyer deciding whether to offer above or below list price.

Call (703) 242-3975 if you would like a zip code, school district or neighborhood analysis.

FREE Instant Online Home Valuation

Our New State-of-the-Art Home Search Site

* Open Houses This Weekend

Click through to see what homes are open this weekend. (Note: site is updated hourly - so you may want to check back again for more!)

The Belt Team’s Mission Statement is “Changing Lives For The Better” – if it’s time to change YOURS, call (703) 242-3975 or email The Belt Team and let us know how we can help!


* Just Listed, Featured Listings & New Listings Coming Soon

Just Listed:

Coming Soon (Call 703-242-3975 for more info):

  • Vienna Home In Ideal Commuting Location Near Tysons
  • 2 Bedroom, 2 Full Bath Condo in Reston's Sutton Ridge
  • Executive Townhome in Ashburn
  • Colonial in Close-In Vienna
  • Custom Luxury Home in Oakton

Featured:

Call (703) 242-3975 to schedule a showing!

Selling The Family Home!

Contact Information

Keller Williams Realty
The Belt Team
6820 Elm Street
McLean VA 22101
(703) 242-3975