Pete's Blog
What's up in Reston?
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2007
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We've just completed a full year cycle of homes sales in Reston Virginia ... 1 October 2006 through 30 September 2007. Based on data published in the local MLS some 1,270 home sales were closed in this one year period. Of these 562 were Townhomes, 476 were Condos and 232 were Single Family Detach...
09/30/2007
The inventory of homes for sale in Reston's Town Center area was 95 homes active on the market as of the 15th of September 2007. The available homes run the full spectrum of condos through townhomes from brand new to about 15 years in age. Prices ranged from a low of about $250k to a high of $2 ...
09/15/2007
The inventory of Lakefront Community homes for sale in Reston was about 75 homes active on the market as of the 15th of September 2007 with new contracts running at about 15 a month. Consequently, the absorbtion rate for these homes is about 5 months on the market. Of these, Direct Lakefront h...
09/15/2007
The inventory of Condos for sale in Reston was 230 homes active on the market as of the 15th of September 2007 with new contracts running at about 30 a month. Consequently, the absorbtion rate for these homes is about 8 months on the market. Condos appear to be selling off at a considerably slo...
09/15/2007
The inventory of townhomes for sale in Reston was about 175 homes active on the market as of the 15th of September 2007 with new contracts running about 50 a month. Consequently, the absorbtion rate for these homes is about 3.5 months on the market. Comparing the closed prices to the original l...
09/15/2007
The inventory of single family detached homes for sale in Reston was about 115 homes active on the market as of the 15th od September 2007 with new contracts running about 11 a month. Consequently, the absorbtion rate for these homes is about 10 months on the market. Comparing the closed prices...
09/15/2007
What's up in Reston?