Northern Virginia Real Estate: Vienna, Oakton, McLean, Great Falls, Reston, Fairfax, and surrounding areas.

TGIF! That means it’s time for our Friday Funday Video & Open House Announcements.

First – our video. We lost a great artist this week. RIP Levon Helm. So this week’s video goes out to all of you who have been looking for a place to lay your head. And whether you’re looking in Vienna or Oakton, Falls Church or Sterling – we’ve got some FABULOUS places to call home and they’ll be open this weekend (scroll down for details & directions). But first – here’s Levon Helm:

*********************************************

JUST LISTED – OPEN SATURDAY & SUNDAY – 1 to 3PM

60 Southall Court in Sterling – $267,900

Welcome to a gorgeous, move-in ready townhome in a wonderful location! Enjoy 3 bedrooms, 2 full updated baths, all new exterior doors, a custom deck perfect for outdoor entertaining, a spacious open kitchen, wood burning fireplace in the LR, fully finished walk out lower level & new HVAC. The fully fenced backyard backs to parkland for ultimate privacy. Community amenities include a pool, sport courts & almost 10 miles of trails.

More Info about 60 Southall Court in Sterling

Directions: From Tysons: Route 7 West, North Algonkian Parkway, Left Spotswood Rd, Right Bentwood Rd, Left Southall Ct to home on right at #60.

Contact The Belt Team

*********************************************

JUST LISTED – OPEN SUNDAY – 1 to 3PM – 413 Course Street NE in Vienna - $699,806

Fabulous 4-level split colonial in the heart of Vienna. Huge family room with gas log fireplace and sliding doors to a wood patio. Just a few steps up to the updated gourmet kitchen with stainless steel appliances, granite countertops & farmhouse sink. Gleaming hardwoods on 2 upper levels. Dining room with French doors to screened porch with ceiling fan. Living room with lovely picture window.  Fully finished rec room on the lowest level.

More Info about 413 Course Street in Vienna

Directions: From Tysons: 123 South, Right Old Courthouse Road, at the light turn left to stay on Old Courthouse Road, Left on Course Street to the house on left (#413).

Contact The Belt Team

*********************************************

OPEN SUNDAY – 1 to 3PM – 6816 Arlington Blvd in Falls Church – $399,987

Charming bungalow with great curb appeal! One level living at its best. All freshly painted. New carpets, tile and refinished hardwoods. Unique dual sided fireplace between the family room & dining room. Both baths totally renovated. New kitchen. All new lighting. Professionally landscaped. Patio for outdoor entertaining. Fully fenced yard. New roof. Convenient location, just 10 minutes to DC!

More Info about 6816 Arlington Blvd in Falls Church

Directions: From 495 exit 50 East towards DC to just past Greenway Blvd (about a mile) to house on the left. House is setback from Route 50, on access road that runs parallel to the main road.

Contact The Belt Team

*********************************************

OPEN SUNDAY 1-4PM – 609 Ware Street SW in Vienna – $1,179,000

More Info about 609 Ware St SW in Vienna

Directions: From Tysons: 123 South, Left Nutley Street, Left Courthouse Road, Right Ware Street to #609

Read about Life In Vienna

Contact The Belt Team

*********************************************

OPEN SUNDAY – 1 to 4PM – 10133 Pine Street in Oakton – $649,900

This lovely home is in a fabulous location in a quiet neighborhood with a rural feel, yet central to lots of amenities and even less than a mile to Vienna Metro. Enjoy a shaded backyard with deck & patio – perfect for both relaxing & entertaining. Inside, you’ll love the open, airy layout ~ spacious vaulted ceiling family room ~ hardwood floors ~ updated kitchen ~ updated baths upstairs ~ finished walkout lower level with rec room, 4th bedroom, 3rd full bath & office with built-ins ~ plus lots of storage!

More Info about 10133 Pine Street in Oakton

Directions: From Route 66: Exit Route 123 North toward Oakton, Right Hibbard, Right Pine Street to #10133 on left.

Contact The Belt Team

*********************************************

60 Southall Court, Sterling – $267,900 – OPEN SATURDAY & SUNDAY 1-3PM

Welcome to a gorgeous, move-in ready townhome in a wonderful location! Enjoy 3 bedrooms, 2 full updated baths, all new exterior doors, a custom deck perfect for outdoor entertaining, a spacious open kitchen, wood burning fireplace in the LR, fully finished walk out lower level & new HVAC. The fully fenced backyard backs to parkland for ultimate privacy. Community amenities include a pool, sport courts & almost 10 miles of trails.

More Info about 60 Southall Court in Sterling

Contact The Belt Team

We have LOTS of listings coming on the market this Spring. Let us know if you would like to be on our PRIORITY NOTIFICATION LIST so that you can find out about listings BEFORE they hit the market!

Vienna and Oakton’s housing markets are still cruising along. With less than a 3 month supply of homes in Oakton and less than a 2 month supply in Vienna – yes, you guessed it – we remain in a Seller’s Market in both areas.

But let’s break things down a little more and check out what’s happening in different price ranges, because the reality is that while the overall statistics might say Seller’s Market, that may not be the case in every price range. (Statistics below are based on today’s housing inventory and the past 30 days sales.)

OAKTON:

• Up to $799,999: 45 homes currently listed, 1.9 month housing supply (Seller’s Market)
• $800,000 – $1,099,999: 9 homes currently listed, 1.1 month housing supply (Seller’s Market)
• $1,100,000 – $1,249,999: 7 homes currently listed, no sales in past 30 days
• $1,250,000 – $1,500,000: 10 homes currently listed, 5 month housing supply (Balanced Market)
• Above $1,500,000: 9 homes currently listed, 9 month housing supply  (Buyer’s Market)

VIENNA:

• Up to $799,999: 70  homes currently listed, less than 1 month housing supply (Seller’s Market)
• $800,000 – $1,099,999: 38 homes currently listed, 2.1 month housing supply (Seller’s Market)
• $1,100,000 – $1,249,999: 23  homes currently listed, 3.3 month housing supply (Balanced Market)
• $1,250,000 – $1,500,000: 36 homes currently listed, 9 month housing supply (Buyer’s Market)
• Above $1,500,000: 20 homes currently listed, 6.7 month housing supply  (Buyer’s Market – close to a Balanced Market)

So, the answer to the question of whether we can be in both a Buyer’s Market AND a Seller’s Market – is YES!

These statistics really point out why Buyers & Sellers should not base their decisions on what they read in the national news. Working with a Realtor who really knows YOUR market can be invaluable not only when you are strategizing pricing, but when you are evaluating other concerns as well (like re-sale value & potential re-sale challenges.)

Detailed statistics for last week in Vienna & Oakton are below. Contact The Belt Team if you would like statistics on YOUR particular market!

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

• Number of Contracts: 27
• Average Days on Market for Active Listings: 102 days
• Average Days on Market for Listings That Went Under Contract: 59 days
• Inventory: 187 homes on the market
• Number of Months Supply of Homes (Based on past 90 day contract rate): 2.0 months
• Number of Months Supply of Homes (Based on past 30 day contract rate): 1.6 months

Here are last week’s stats for Oakton Real Estate (22124):

• Number of Contracts: 9
• Average Days on Market for Active Listings: 86 days
• Average Days on Market for Listings That Went Under Contract: 28
• Inventory: 80 homes on the market
• Number of Months Supply of Homes (Based on past 90 day contract rate): 2.9 months
• Number of Months Supply of Homes (Based on past 30 day contract rate): 2.3 months

If you’re thinking of buying or selling a home, Contact The Belt Team at (703) 242-3975 for a more in-depth discussion & analysis – because it’s only the neighborhood YOU live in (or you WANT to live in) that matters. We’ll be happy to schedule a consultation and get very detailed about “YOUR Market”? so that you can make the decision that is best for YOU!

Also, you can read more about:

• What Sellers Should Look For In A Realtor
• Today’s Top 3 Tech Tools To Market Your Home
• Why You Don’t Want To Miss Out on “The Belt Team Experience”?

You can also listen to How Buyers Should Choose The Right Realtor.

Email The Belt Team (or call us at 703-242-3975) to request a FREE WRITTEN REPORT of your home’s value or to be put on our FREE PRIORITY NOTIFICATION LIST for special buying opportunities that are not in the MLS or on the Internet. In a market like this, don’t you want to know about homes BEFORE they hit the market?

609 Ware Street SW in Vienna – $1,179,000

More Info about 609 Ware St SW in Vienna

Read about Life In Vienna

Contact The Belt Team

We have LOTS of listings coming on the market this Spring. Let us know if you would like to be on our PRIORITY NOTIFICATION LIST so that you can find out about listings BEFORE they hit the market!

6422 Potomac Avenue in Alexandria – $394,500

Rare AS-IS rehab in exclusive New Alexandria.  Opportunity for instant equity with cosmetic updates.  NOT a Short Sale or Foreclosure.  Cash or conventional only.  Cash offers require Proof of funds.  Short distance to shops, restaurants, and water.  Well below assessment value. Great 203K opportunity and Seller can manage construction/improvements if Purchaser desires.

More Info about 6422 Potomac Avenue in Alexandria

Contact The Belt Team

We have LOTS of listings coming on the market this Spring. Let us know if you would like to be on our PRIORITY NOTIFICATION LIST so that you can find out about listings BEFORE they hit the market!

6816 Arlington Blvd in Falls Church – $424,900

Charming bungalow with great curb appeal!  One level living at its best. All freshly painted. New carpets, tile and refinished hardwoods. Unique dual sided fireplace between the family room & dining room. Both baths totally renovated.  New kitchen. All new lighting. Professionally landscaped.  Patio for outdoor entertaining. Fully fenced yard. New roof.  Convenient location, just 10 minutes to DC!

More Info about 6816 Arlington Blvd in Falls Church

Contact The Belt Team

We have LOTS of listings coming on the market this Spring. Let us know if you would like to be on our PRIORITY NOTIFICATION LIST so that you can find out about listings BEFORE they hit the market!

TGIF! That means it’s time for our Friday Funday Video & Open House Announcements.

This week’s video goes out to all of you who have been looking & looking & looking – but just haven’t found your dream home. Well, here’s Bachman Turner Overdrive with “You Ain’t Seen Nothing Yet”! Listen, be inspired (and you gotta laugh at the 70′s hair & outfits!) and then come visit us at one of our eight open houses this weekend. Cuz baby, you ain’t seen nothin yet!

*********************************************

JUST LISTED & OPEN SATURDAY & SUNDAY – 1 to 4PM – 6816 Arlington Blvd in Falls Church – $424,900

Charming bungalow with great curb appeal!  One level living at its best. All freshly painted. New carpets, tile and refinished hardwoods. Unique dual sided fireplace between the family room & dining room. Both baths totally renovated.  New kitchen. All new lighting. Professionally landscaped.  Patio for outdoor entertaining. Fully fenced yard. New roof.  Convenient location, just 10 minutes to DC!

More Info about 6816 Arlington Blvd in Falls Church

Directions: From 495 exit 50 East towards DC to just past Greenway Blvd (about a mile) to house on the left.  House is setback from Route 50, on access road that runs parallel to the main road.

Contact The Belt Team

*********************************************

JUST LISTED & OPEN SATURDAY 2-4PM – 609 Ware Street SW in Vienna – $1,179,000

More Info about 609 Ware St SW in Vienna

Directions: From Tysons: 123 South, Left Nutley Street, Left Courthouse Road, Right Ware Street to #609

Read about Life In Vienna

Contact The Belt Team

*********************************************

OPEN SATURDAY AND SUNDAY – 1 to 3PM – 10133 Pine Street in Oakton – $649,900

This lovely home is in a fabulous location in a quiet neighborhood with a rural feel, yet central to lots of amenities and even less than a mile to Vienna Metro. Enjoy a shaded backyard with deck & patio – perfect for both relaxing & entertaining. Inside, you’ll love the open, airy layout ~ spacious vaulted ceiling family room ~ hardwood floors ~ updated kitchen ~ updated baths upstairs ~ finished walkout lower level with rec room, 4th bedroom, 3rd full bath & office with built-ins ~ plus lots of storage!

More Info about 10133 Pine Street in Oakton

Directions: From Route 66: Exit Route 123 North toward Oakton, Right Hibbard, Right Pine Street to #10133 on left.

Contact The Belt Team

*********************************************

OPEN SUNDAY – 1 to 4PM – 10517 Lawyers Rd in Vienna – $1,189,000

Beautifully updated colonial home with a contemporary flair -conveniently located and yet sited idyllically in the privacy of 2.4 acres and a gorgeous, natural setting. Inside you’ll enjoy a spacious, open floor plan – as ideal for family living as it is for entertaining – plus wood floors throughout the main level, 4 fireplaces & an updated kitchen with great wooded views. You’ll love the outdoor spaces just as much as the inside – with two decks, a lovely stone patio, three soothing water fountains, detailed landscaping and even a spa!

More Info about 10517 Lawyers Rd in Vienna

Directions: From 66 West: exit Rt 123 North (toward Vienna), left Hunter Mill Road, left Lawyers Road to home on left at #10517.

Read about Life In Vienna

Contact The Belt Team

*********************************************

OPEN SUNDAY – 1 to 3PM – 9449 Brenner Ct in Vienna – $1,179,900

This lovely home is just outside the Town of Vienna limits (ie – no town taxes!). The spacious open floorplan includes a family room with gas fireplace ~ family room opens to the delightful screened porch ~  Sunny kitchen with breakfast room ~ wonderful tray ceiling master bedroom with two walk-in closets & luxurious master bath ~ finished walkup lower level with nine foot ceilings so it doesn’t feel like a basement! Fenced rear yeard with patio is perfect for entertaining. AND – it’s in the Madison HS pyramid!

More Info about 9433 Brenner Ct in Vienna

Directions: From Tysons> Route 123 South into Vienna, Right Beulah Rd, Left Talisman Drive, Left McKinley, Right on Brenner to #9449.

Read about Life In Vienna

Contact The Belt Team

*********************************************

JUST LISTED & OPEN SUNDAY – 1 to 4PM – Potomac Avenue in Alexandria – $394,500

Rare AS-IS rehab in exclusive New Alexandria.  Opportunity for instant equity with cosmetic updates.  NOT a Short Sale or Foreclosure.  Cash or conventional only.  Cash offers require Proof of funds.  Short distance to shops, restaurants, and water.  Well below assessment value. Great 203K opportunity and Seller can manage construction/improvments if Purchaser desires.  Pending Contract release.

More Info about Potomac Avenue in Alexandria

Directions: From Route 1: Take Fort Hunt Rd, Left on Old Towne Rd, Right Potomac Ave to property on right – #6422.

Contact The Belt Team

Vienna and Oakton’s housing markets remain HOT. With less than a 3 month housing supply (2.5 months in Oakton and 1.5 months in Vienna), it’s officially a Seller’s Market in both areas! (Note though that this analysis is generalized for the entire market regardless of price range, property type, school district, etc. If you are looking to buy or sell, your Realtor should be doing an in-depth analysis depending on YOUR particular market. The higher price ranges, for example, are still moving at a slower pace. This could also vary by home type – with colonials selling much faster than split foyers or contemporary homes.)

Inventory increased ever so slightly (up 5% in Vienna and up by only 1 home in Oakton). And sales are still happening swiftly. This past week 42% of the homes that went under contract sold in two weeks or less.

It’s still all about the “Two P’s”: Pricing & Preparation. Homes that are priced right & prepared properly sell quickly & for more money. Sellers who try to “test” the market for higher prices than the market will bear, end up paying the price themselves by selling for less than they would have if they had priced at market to begin with.

It doesn’t take a rocket scientist to figure out that perhaps price is the issue when a home has been on the market for a LOOOOOOOOOOOONG time. (There are 11 homes in the Vienna Oakton market, for example, that have been on the market for MORE THAN A YEAR!) NAR statistics show that the longer your home is on the market, the less it will sell for. To maximize your price, you just might want to price slightly BELOW market so that your property becomes sought after and you encourage multiple offers & a competitive situation.

Detailed statistics for Vienna & Oakton are below. Contact The Belt Team if you would like statistics on YOUR particular market!

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

• Number of Contracts: 22
• Average Days on Market for Active Listings: 106 days
• Average Days on Market for Listings That Went Under Contract: 36 days
• Inventory: 187 homes on the market
• Number of Months Supply of Homes (Based on past 90 day contract rate): 2.1 months
• Number of Months Supply of Homes (Based on past 30 day contract rate): 1.5 months

Here are last week’s stats for Oakton Real Estate (22124):

• Number of Contracts: 4
• Average Days on Market for Active Listings: 85 days
• Average Days on Market for Listings That Went Under Contract: 22
• Inventory: 75 homes on the market
• Number of Months Supply of Homes (Based on past 90 day contract rate): 2.8 months
• Number of Months Supply of Homes (Based on past 30 day contract rate): 2.5 months

If you’re thinking of buying or selling a home, Contact The Belt Team at (703) 242-3975 for a more in-depth discussion & analysis – because it’s only the neighborhood YOU live in (or you WANT to live in) that matters. We’ll be happy to schedule a consultation and get very detailed about “YOUR Market”? so that you can make the decision that is best for YOU!

Also, you can read more about:

• What Sellers Should Look For In A Realtor
• Today’s Top 3 Tech Tools To Market Your Home
• Why You Don’t Want To Miss Out on “The Belt Team Experience”?

You can also listen to How Buyers Should Choose The Right Realtor.

Email The Belt Team (or call us at 703-242-3975) to request a FREE WRITTEN REPORT of your home’s value or to be put on our FREE PRIORITY NOTIFICATION LIST for special buying opportunities that are not in the MLS or on the Internet. In a market like this, don’t you want to know about homes BEFORE they hit the market?

Are you wondering how this year’s Spring real estate market compares to last year’s? Or the market five years ago? Wonder no more. Here’s a detailed look at how things looked in several of our Northern Virginia markets over the past 5 years:

For more information, further analysis, or for details on other parts of Northern Virginia, contact The Belt Team.

How much time should you spend consulting with your real estate agent before you start looking at homes? And what things should you be asking them about?

Here are the highlights:

Contact The Belt Team at (703) 242-3975 if you would like to schedule a FREE BUYER CONSULTATION. We can help walk you through the process so you know what to expect – every thing from loan approval to the contract to repairs & inspections to contingencies and more. We will advise you on what you need to know about TODAY’S market so that you can make the BEST decision for YOU!