Now that the leaves are falling & Thanksgiving is around the corner, it’s time to update you on the statistics for Vienna Oakton real estate.There are currently 194 homes for sale in Vienna and 78 homes for sale in Oakton. We are still seeing a very segmented market - with well-priced homes under about $800,000 to $1,000,000 experiencing multiple contracts & quick sales - and homes over $800,000 sometimes languishing on the market for months. (Read our blog entry from earlier this week for a “real life” example of what’s happening in this market.)
Contracts ratified in October of 2009 in the Vienna/Oakton area were almost double the number of contracts ratified a year earlier. And while only 2 homes in Oakton (of the 14 homes that sold) closed for over $768,000 in October, 10 homes in Vienna (of the 64 that sold) closed for over $1,000,000.
Also - as we write this, we are awaiting the President’s signature on legislation to extend the First-Time Homebuyer $8,000 tax credit. He is expected to sign it today.
The bill that was passed by Congress yesterday also expands the coverage to include up to a $6,500 credit for “repeat homebuyers” (defined as homeowners who have lived in their homes for five of the prior eight years). (For more details - contact us or watch our blog, or you can find us on Facebook & always stay up-to-date with what’s happening in real estate.)
Now - here is the detailed Vienna Oakton market information for October:
VIENNA: Oct 09 Oct 08
# New Listings 94 100
# Under Contract 85 46
# Sold/Settled 64 55
Average Days on Market
for October Solds 83 days 81 days
Highest Price Sale $1,500,000 $2,150,000
OAKTON: Oct 09 Oct 08
# New Listings 36 27
# Under Contract 16 8
# Sold/Settled 14 14
Average Days on Market
for October Solds 51 days 95 days
Highest Price Sale $1,650,000 $1,055,000
What Sold (ie- went to settlement) in Oakton in October 2009?
Under $500,000 (none were single family homes):
- 10202 Bushman Dr #213 - $243,000 (less a $8,400 subsidy = $234,600 Net)
- 2817 Jermantown Rd #211 - $255,000 (less a $5,000 subsidy = $250,000 Net)
- 10203 Willow Mist Ct #C - $282,000 (less a $3,000 subsidy = $279,000 Net)
- 9933 Capperton Dr - $306,500 (No subsidy)
- 10413 Graystone Ct - $355,000 (less a $10,000 subsidy = $345,000 Net)
- 2971 Borge St - $385,500 (no subsidy)
$500,000 to $775,000:
- 2816 Oakton Manor Ct - $580,000 (no subsidy)
- 2839 Thaxton Ln - $600,000 (no subsidy)
- 10856 Weisiger Ln - $649,000 (no subsidy)
- 3438 Valewood Dr - $740,000 (no subsidy)
- 3301 Saddlestone Ct - $750,000 (no subsidy)
- 10915 Blue Roan Dr - $768,000 (less a $1,500 subsidy = $766,500 Net)
$775,000 to $999,000:
- NONE
$1,000,000 and up:
- 3201 Sarah Joan Ct - $1,350,000 (less a $1,000 subsidy = $1,349,000 Net)
- 11227 Country Pl - $1,650,000 (no subsidy)
What Sold (ie- went to settlement) in Vienna in October 2009?
Under $500,000:
- 212 Park Terrace Ct SE #68 - $174,900 (less a $5,847 subsidy = $169,053 Net)
- 2526 Glengyle Dr #167 - $212,000 (less a $600 subsidy = $211,400 Net)
- 2644 Glengyle Dr #68 - $221,300 (less a $6,300 subsidy = $215,000 Net)
- 2631 Glengyle Dr #81 - $240,000 (less a $1,750 subsidy = $238,250 Net)
- 2447 Glengyle Dr #217 - $240,000 (less a $1,500 subsidy = $238,500 Net)
- 2710 Belleforest Ct #110 - $260,000 (less a $8,000 subsidy = $252,000 Net)
- 8183 Carnegie Hall Ct #109 - $268,000 (no subsidy)
- 2679 Glengyle Dr #40 - $274,900 (no subsidy)
- 9480 Virginia Center Blvd #440 - $320,000 (less a $6,669 subsidy = $313,331 Net)
- 505 Princeton Terr SW - $327,000 (no subsidy)
- 8162 Electric Ave - $330,000 (less a $5,000 subsiy = $325,000 Net)
- 2791 Centerboro Dr #380 - $335,000 (no subsidy)
- 1107 Walker Cir SW - $350,000 (no subsidy)
- 2700 Belleforest Ct #104- $360,000 (less a $5,000 subsidy = $355,000 Net)
- 3014 Sugar Ln - $362,500 (no subsidy)
- 222 Elm St SW - $375,000 (no subsidy)
- 1577 Northern Neck Dr #101 - $375,000 (no subsidy)
- 8604 Cottage St - $397,959 (less a $7,958 subsidy = $390,001 Net)
- 901 Ware St SW - $425,000 (less a $9,905 subsidy = $415,095 Net)
- 2808 Balliett Ct - $444,000 (less a $8,000 subsidy = $436,000 Net)
- 9652 Sutton Green Ct - $440,000 (no subsidy)
- 640 Tazewell Rd NW - $462,000 (less a $7,000 subsidy = $455,000 Net)
- 202 Branch Rd SE - $480,000 (no subsidy)
- 9622 Prelude Ct - $490,000 (no subsidy) (BELT TEAM LISTING & SALE)
$500,000 to $775,000:
- 2522 Villanova Dr - $527,500 (no subsidy)
- 121 Kingsley Rd SW - $535,000 (no subsidy)
- 8037 Trevor Pl - $547,000 (less a $5,000 subsidy = $542,000 Net)
- 8617 Janet Ln - $553,000 (less a $500 subsidy = $552,500 Net)
- 1053 Ware St SW - $555,000 (no subsidy)
- 429 Glyndon St NE - $578,000 (less a $5,000 subsidy = $573,000 Net)
- 8878 Ashgrove House Ln - $575,000 (no subsidy)
- 8902 Ashgrove House Ln - $582,500 (no subsidy)
- 8310 Idylwood Rd - $590,000 (less a $5,000 subsidy = $585,000 Net)
- 2213 Chestertown Dr - $590,000 (no subsidy)
- 9702 Woodland Glen Ct - $605,000 (less a $15,000 subsidy = $590,000 Net)
- 1619 Leeds Castle Dr - $610,000 (no subsidy)
- 2826 Charles Dunn Dr - $615,000 (less a $400 subsidy = $614,600 Net)
- 414 Course St NE - $618,000 (no subsidy)
- 9936 Fairoaks Rd - $640,000 (less a $10,000 subsidy = $630,000 Net)
- 9305 Kilby Glen Dr - $640,000 (no subsidy)
- 10212 Vale Rd - $660,000 (no subsidy)
- 2719 Glencroft Rd - $660,000 (no subsidy)
- 2147 Red Vine Dr #76 - $675,000 (no subsidy)
- 10102 Vale Rd - $700,000 (no subsidy)
- 2709 Willow Dr - $752,000 (less a $12,000 subsiy = $740,000 Net)
- 7981 Vigne Ct - $770,000 (no subsidy)
$775,000 to $999,000:
- 10006 Leamoore Ln - $785,000 (less a $1,000 subsidy = $784,000 Net)
- 304 Springwood Ct NE - $850,000 (no subsidy)
- 10505 Hunting Crest Ln - $850,000 (no subsidy)
- 1859 Amberwood Manor Ct - $860,000 (no subsidy)
- 10704 Hunters Valley Rd - $925,000 (less a $6,178 subsidy = $918,822 Net)
- 907 Park St SE - $960,000 (no subsidy)
- 115 Locust St SW - $985,000 (no subsidy)
- 1287 Middleton Ct - $1,025,000 (less a $35,000 subsidy = $990,000 Net)
$1,000,000 and up:
- 120 Tapawingo Rd SW - $1,080,000 (less a $27,000 subsidy = $1,053,000 Net)
- 2406 Stryker Ave - $1,065,000 (less a $2,500 subsidy = $1,062,500 Net) (BELT TEAM LISTING!)
- 706 Cottage St SW - $1,099,000 (less a $6,400 subsidy = $1,092,600 Net)
- 9003 Edgepark Dr - $1,170,000 (less a $10,000 subsidy = $1,160,000 Net)
- 8413 Falcone Point Way - $1,170,000 (no subsidy)
- 115 Elmar Dr SE - $1,198,500 (no subsidy)
- 1841 Mamie Dyer Ln - $1,240,587 (less a $27,220 subsidy = $1,213,367 Net) (BELT TEAM LISTING!)
- 117 Glyndon St NE - $1,249,000 (no subsidy)
- 1844 Mamie Dyer Ln - $1,295,390 (no subsidy)
- 2026 George Washington Rd - $1,500,000 (no subsidy)
For more information on any of these sales (or if you would like information on other areas such as Great Falls, McLean, Reston, etc…), or if you are thinking of buying or selling a home, please contact The Belt Team at (703) 242-3975. The Belt Team has sold more homes in Vienna Oakton than any other Realtor since 1972 (and we also cover areas ranging from Loudoun County to Arlington to Silver Spring)! It would be our pleasure to help make your real estate dreams come true!
Regards,
Terry, Pauline, Mary Jane, Kevin, Gail, Christy, Jerry & Tara