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

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Northern Virginia Real Estate Market Stats: 2008-2012

April 11th, 2012

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.

 

Buyer Consultations – Where Do You Start When Buying a Home?

April 10th, 2012

     

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!

Friday Funday Video & Open House Announcement

April 6th, 2012

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

First, our video. In honor of Easter Weekend, – we bring you a classic movie clip - Fred Astaire in “Easter Parade”! After you watch the clip, you may feel like taking a stroll or a drive around town too. If you do – stop in to see us at our open house on Pine Street. It will definitely put a smile on your face!

OPEN 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

Just Listed in Vienna Near the “Coming Soon” Silver Line Metro!

April 6th, 2012

1523 Red Rock Court in Vienna – $624,900

This delightful, large, comfortable home is located in a cul-de-sac and in close proximity to wonderful downtown Vienna! Spacious kitchen w/breakfast room opens onto deck, which overlooks beautifully-landscaped, very private backyard. Lovely brick front & bay windows, great for entertaining! Lots of storage space, bright & completely finished lower level with full bath.

More Info about 3205 Brynwood Place in Oak Hill

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!

Just Listed in Franklin Farm (Oak Hill, VA)!

April 5th, 2012

3205 Brynwood Place in Oak Hill – $634,900

Fabulous home in sought after Franklin Farm! Backs to trees & common area with direct access to walking trails & tot lot. Gorgeous family room with fireplace, vaulted ceilings, skylights & sliding doors to huge deck, perfect for entertaining. Updated kitchen with granite countertops & stainless steel appliances, plus a spacious breakfast area. Master suite with hude walk-in closet & updated bath. Walk out lower level features rec room with built-in desks & full bath.

More Info about 3205 Brynwood Place in Oak Hill

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!

Temperatures Tame, But Housing Market Hot!

April 4th, 2012

This week, many of us celebrate Easter. There’s an old saying “don’t put all your eggs in one basket”. But maybe that’s exactly what you SHOULD be doing!

 

Vienna and Oakton’s housing market remain HOT. Sales are brisk and inventory remains low. Vienna remains in a Seller’s Market and with a slight decrease in inventory this week, Oakton is now teetering between a Balanced Market and a Seller’s Market.

Over the past week, 32 homes sold in Vienna and Oakton. Of those homes, 72% sold in 15 days or less. WOW!

Boy Scout - Be Prepared   

The best strategy now for Buyers is to “Be A Boy Scout”. We advise our Buyers to have loans approved, walk through the process with your Realtor from start to finish (even have them go over a standard contract with you – including the various contingency options) and have your checkbook in hand. If you’re serious about buying – it’s a great time. Interest rates are still at historic lows. And you need to be prepared to move! Inventory levels are at the lowest we have seen in years. So when that “perfect” home comes on the market – you may not be the only one looking at it. Be a Boy Scout and BE PREPARED.

We would also suggest that you work with a Realtor who is “proactive” rather than “reactive”. Instead of waiting for that “perfect home” to magically come on the market, if you can identify the neighborhood, floorplan and detailed characteristics of your “perfect home”, a Realtor may be able to find a home for you that is not even yet on the market. (The Belt Team has done that for quite a few clients over the past year.) This strategy could have you celebrating Memorial Day in your own new home!

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: 24
  • Average Days on Market for Active Listings: 113 days
  • Average Days on Market for Listings That Went Under Contract: 29 days
  • Inventory: 178 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): 1.4 months

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

  • Number of Contracts: 8
  • Average Days on Market for Active Listings: 79 days
  • Average Days on Market for Listings That Went Under Contract: 13
  • Inventory: 74 homes on the market
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 3.0 months
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 2.9 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:

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?

Just Listed – This Ain’t No Cookie Cutter Mansion!

April 2nd, 2012

10531 Wickens Road in Vienna – $1,997,897

Truly rare opportunity offering unparalleled combination of lot, custom quality construction and finishes not found in today’s marketplace. This one-of-a-kind home is tucked away on an incredible lot backing to Difficult Run Parkland in close-in Vienna! Encounter a world of tranquil beauty & peaceful privacy…and enjoy a profusion of windows…where views of the woods & lawns of this 3.79 acre jewel provide a welcoming setting. The deer & an occasional fox are the nearest neighbors and the many bright birds will sing their greetings to you as well! The best of both worlds…a delightful sanctuary mere minutes to Vienna Metro…and the feel of a country retreat worlds away from the hustle & bustle of modern living! The house reflects the quality of space.  Cozy yet elegant.  Introverted yet light filled, exciting, dramatic, refined, timeless sumptuousness, homey, classic, masculine, secure, manor, private yet welcoming, impressive, relaxing, soothing, friendly.

More Info about 10517 Lawyers Road 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!

Just Listed in Vienna On A Gorgeous 2.4 Acre Lot!

April 2nd, 2012

10157 Lawyers Road 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!  $1,189,000

More Info about 10517 Lawyers Road 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!

Just Listed in Vienna – One Block to Vienna Metro!

April 2nd, 2012

9608 Scotch Haven Drive in Vienna – $487,000

An investors dream! 1 Block to the Vienna Metro. Hardwoods on the main level. Kitchen updated in 2006. Large master suite with 2 sinks and walk-in-closet. Huge family room features a wood burning fireplace and wet bar. 3 bedrooms, 2 full and 2 half baths. Fenced paver patio area. 2 assigned parking spaces. 20 minute ride to DC.

More Info about 9608 Scotch Haven Drive 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!

Friday Funday Video + Open House Announcement for April 1st

March 30th, 2012

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

First, our video. In honor of turning the calendar from March to April – we bring you “April Smith and The Great Picture Show“. They’ll be playing right here in DC in May. That’s one of the great things about living in Oakton – it has the feel of being in the country and yet you’re still mere minutes from the city. So take a listen, scroll down for open house details and then come visit us at Pine Street on Sunday. It just might be the PERFECT home for YOU!

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

JUST LISTED! 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

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