This is a sponsored post by Eve Thompson of Reston Real Estate.

39 properties have been successfully exchanged in the past two weeks. Not too bad given the holidays and other distractions.

What’s significant is that it’s almost 100% housing inventory turnover! We only have 43 active listings in Reston, so around 2 weeks supply. This corresponds to what we see in the region. Buyer demand is high, but listings are scarce.

Interestingly, coming to market at the right price is always key to getting a good, solid deal on your home. The shortage of supply hasn’t caused buyers to write offers, solid value is what motivates buyers. You must be the best featured item in your category – for your condition. In other words, your property doesn’t have to be perfect, you just can’t price it as if it were perfect!

Here are some of the properties that traded hands.

  • 1851 Stratford Park Place #310 – 2 BD/2BA, $459,000 – $410,000 – 271 days on market
  • 2360 Paddock Lane – 5 BD / 3 BA, $795,000 – $825,000 – 11 days on market
  • 1418 Church Hill Place – 2 BD / 2 BA, $375,000 – $385,000 – 2 days on market
  • 11238 Harbor Court – 2 BD / 2 BA, $520,000 – $520,000 – 7 days on market
  • 1230 Tottenham Court – 5 BD / 5 BA, $1,249,000 – $1,350,000 – 2 days on market
1230 Tottenham Court

If you are looking to buy or sell in Reston and have any questions, please do not hesitate to contact us!

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