Pete's Blog

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Real Estate Agent - ERA Teachers Inc
What's up in Reston?

ARCHIVED BLOG POSTS

2014 

2013 was an extraordinary year for condo price increases in the Reston area.  While the number condos sold in 2013 was about the same as 2012 (409 in 2013 versus 404 closed sales in 2012), 2013’s average closed sale price of $342,369 represented an 11% increase above the 2012 average closed sale ...
01/17/2014
2013 was a good year for town home price increases in the Reston area and hosted an exceptional increase in sales volume.  The 517 town homes sold in 2013 represented a volume increase of 18% above the 439 town homes sold on 2012.  2013’s average closed sale price of $431,500 represented a 9% inc...
01/17/2014
2013 was a relatively flat year in terms of sales prices and volume of sales of detached homes in Reston.  Some 246 detached homes sold in 2013 compared to 251 in 2012.  The average closed sales price for detached homes was $675,000 in 2013 compared to $678,000 in 2012.  
01/17/2014
The inventory of single family detached homes for sale in Reston was 17 homes active on the market as of 15 Jan 2014 with new contracts running about 8 a month. Consequently, the absorption rate for these homes is about 2 month's worth on the market. If you've been considering buying a single fam...
01/15/2014
The inventory of townhomes for sale in Reston was 38 homes active on the market as of 15 Jan 2014 with new contracts running about 26 a month. Consequently, the absorption rate for these homes is about 2 month's worth on the market. If you've been considering buying a single family, this might be...
01/15/2014
The inventory of Condos for sale in Reston was about 35 homes active on the market as of 15 Jan 2014 with new contracts running at about 19 a month. Consequently, the absorption rate for these homes is about 2 month's worth on the market. Condos sell at a crisp rate in the Reston area. If you've ...
01/15/2014
The inventory of Condos for sale in Herndon was 18 homes active on the market as of 15 Jan 2014. If you've been hanging back, this might be the moment to re-start your shopping. Visit Available Herndon Homes at http://www.reston-condos.com/forsale.htm to view currently available condos in Herndon...
01/15/2014
The inventory of Lakefront Community homes for sale in Reston was 7 homes active on the market as of 15 Jan 2014. Direct Lakefront homes have been selling off at a faster rate than other homes in the Reston area. If you'd like to live on one of Reston's lakes ... This might be to moment to come o...
01/15/2014
The inventory of homes for sale in Reston's Town Center area was about 17 homes active on the market as of 15 Jan 2014. The available homes run the full spectrum of condos through townhomes from almost new to about 15 years in age. Prices ranged from a low of about $275k to the $2 million neighbo...
01/15/2014
Are you looking for a home at a bargain price that could benefit from some loving care? You might want to cast your eyes on the homes which are available as foreclosed or short sales in Reston Virginia. I've put together a link to a list of homes which are currently available. Visit www.Reston-Ar...
01/15/2014
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What's up in Reston?