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Reston, VA Real Estate News

By Ellen Crawford, Alpharetta Real Estate Agents & Alpharetta REALTOR
(Maximum One Executive REALTORS®)
Reston Virginia Homes for Sale.  Reston VA Single Family Detached Reston Homes for Sale - Report July 5, 2008.  As of today July 5, 2008* There are currently 81 homes for sale in Reston Virginia - single family detached homes fee simple ownership.  The high price for homes for sale in Reston Virginia is $1,499,000 and hte low price is $229,900.  22 homes were sold in June of 2008 the high price sold was $1,699,000, and the low price $360,000.   I have put together a comparison graph below of homes sold in Reston Virginia in 2008 and previous years, and also a comparison of net sales prices for the same periods for single family detached homes sold in RestonVirginia.  Sales of units compared to the peak in the market have dropped a total of 65%.  These figures may be revised on July 10th...
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By Holly Weatherwax, A Great Real Estate Experience
( Associate Broker, Momentum Realty)
The new and improved American Tap Room (http://www.americantaproom.com/about.html) opened this week at Reston Towncenter. Located next to Rio Grande and within steps of the movie theater, this reincarnation is worth checking out. Always known as a great evening bar, the restaurant has been physically redesigned and the menu has been completely reworked.  Like many restaurants, the ATR can offer you either indoor or outdoor seating. Because my daughter is on the staff (yes, this is a little self-serving), we were lucky to be included in the weekend 'test run' they did last weekend.  The food was great (I had the lobster, my husband and son had hamburgers and my daughter had steak salad). We started the meal with an order of pan roasted mussels(which were great) and the Spinach & Artichok...
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The inventory of homes for sale in Reston's Town Center area was about 105 homes active on the market as of the 1st of July 2008. 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 $200k to a high of $2 million.  Visit Available Homes at http://www.restontowncenter-homes.com/ to view currently available Reston Town Center Homes.
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By Pete Blondin
(ERA Teachers Inc)
The inventory of Lakefront  Community homes for sale in Reston was about 45 homes active on the market as of the 1st of July 2008 with new contracts running at about 110 a month.  Consequently, the absorption rate for these homes is about 4.5 months on the market.  Of these, Direct Lakefront homes appear to be selling off at a considerably faster rate than other homes in the Reston area. Spring is just around the corner ... If you'd like to live on one of Reston's lakes this summer ... This might be to moment to come out of for a look.  Visit Available Homes at http://www.reston-lakefront.com/ to view currently available Lakefront Homes in Reston Virginia.
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By Pete Blondin
(ERA Teachers Inc)
The inventory of Condos for sale in Reston was about 190 homes active on the market as of the 1st of July 2008 with new contracts running at about 35 a month.  Consequently, the absorption rate for these homes is about 6 months on the market.  Condos sales have started to pick up in the Reston area. If you've been hanging back, this might be the moment to re-start your shopping.  Visit Available Homes at http://www.reston-condos.com/ to view currently available condos in Reston Virginia.
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By Pete Blondin
(ERA Teachers Inc)
The inventory of townhomes for sale in Reston was about 150 homes active on the market as of the 1st of July 2008 with new contracts running about 50 a month.  Consequently, the absorption rate for these homes is about 3 months on the market.  This might be a good time to jump back into the market ... There's a great selection and prices may be the best you've seen in three or four years.  Like to see currently available Townhomes in Reston ... visit http://www.reston-area.com/forsale.htm
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The inventory of single family detached homes for sale in Reston was about 80 homes active on the market as of the 1st of July 2008 with new contracts running about 20 a month.  Consequently, the absorption rate for these homes is about 4 months on the market.  Sales of single family homes have picked up in the last couple of months.  If you've been considering buying a single family, this might be the moment.  Like to see currently available Single Family homes in Reston ... visit http://www.reston-area.com/forsale.htm
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By Joyce McKenzie
(Long and Foster Realtors)
Great News! May 12th, The Federal Transit Authority confirmed it is approving the Metropolitan Washington Airport Authority to advance the DC to Dulles Metrorail project.  The Metrorail extension will run from East Falls Chruch to the Wiehle Avenue/Reston station and is into final design.  To view the rail maps and design log onto -  www.dullesmetro.com
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By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
RESTON VA HOMES FOR SALE, BEAUTIFUL LUXURY REAL ESTATE AND LOCATION HOMES FOR SALE IN RESTON VIRGINIA, when the community is as wonderful as the homes.  Just look at this fabulous Reston real estate .  When you're ready to tour, contact Homefinders.com for a personal tour of the best homes in Reston, VA in your price range.   Homefinders.com experinced agents and broker partners will help you with valuation, inspections and all the way to settlement.    Reston real estate is very special. Long known as a location for luxury real estate in Fairfax County, Reston home buyers have many choices for homes in wonderful quiet neighborhoods with convenient shopping, community amenities for children and adults, business location for local employment opportunities, acres and acres of wooded prese...
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By Joyce McKenzie
(Long and Foster Realtors)
I have been in my house forever! Where do I begin?  There is an organization that formed in 2002 called National Association of Senior Move Managers.  This organization provides resources to help seniors make housing transitions. Sometimes the preparation can be overwhelming, and having a 'manager' can take some of the burden off of both the senior and the family. This does not eliminate the need for family help--it just enhances it. If you think this might be helpful to you, or to a member of your family, there is a website you should go to. It is called www.nasmm.org.  At this site you can find out more information about the services they provide and find a service provider in your area. It sounds like a great way to empower seniors who might not be as enthusiastic about the move as o...
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By Joyce McKenzie
(Long and Foster Realtors)
www.restonrunners.org  A well-established community of 800+ avid runners and walkers of all levels and ability.  Every Saturday (Rain or Shine) the runners & walkers meet at 8:00AM (7:00AM during the Summer months)  There are 20 different trails so be sure to check the restonrunners.org website for the weekly meeting place.   There is NO cost ...just  show up!  if you want to receive e-mail updates there is  a $15 Annual Membership Fee.   
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By Joyce McKenzie
(Long and Foster Realtors)
Reston, VA is for Smart People and 'The Smart Money Buys Homes in Reston.'   US News & World Report released a piece that places Reston, VA in the Top Ten Brainiest places in the United States.  The report did not rank the top 10, it merely listed them alphabetically.  The piece based its assessment on "retirement destinations that attract highly educated folks".  Half of the cities are in areas known for very good schools such as Berkeley, CA, Chapel Hill, NC, Ann Arbor, MI and Brookline, MA.   For more information about living in a 'Place Called Reston' log onto www.reston.org
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By Holly Weatherwax, A Great Real Estate Experience
( Associate Broker, Momentum Realty)
I am a life-long resident of Reston and would not change it for the world.  What is it that makes Reston so special? I have assembled a list below of some of the things that come to mind. I know that I did not cover everything, but I gave it a shot. My friends and neighbors: We actually know all of our neighbors and celebrate life's events with them. My oldest told me she won't have a party if we go out of town because at least 6 nearby neighbors would call us on our cell phones! They help us celebrate birthdays, religious occasions, graduations and just day-to-day victories! We cover for each other if we can't make the bus and will band together to make dinner for a friend who is under the weather. Convenience: I can walk to several local stores and in a  10 minute drive be at Tysons C...
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The inventory of homes for sale in Reston's Town Center area was about 105 homes active on the market as of the 1st of June 2008. 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 $200k to a high of $2 million.  Visit Available Homes at http://www.restontowncenter-homes.com/ to view currently available Reston Town Center Homes.
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By Pete Blondin
(ERA Teachers Inc)
The inventory of Lakefront  Community homes for sale in Reston was about 55 homes active on the market as of the 15th of June 2008 with new contracts running at about 14 a month.  Consequently, the absorption rate for these homes is about 4 months on the market.  Of these, Direct Lakefront homes appear to be selling off at a considerably faster rate than other homes in the Reston area. Spring is just around the corner ... If you'd like to live on one of Reston's lakes this summer ... This might be to moment to come out of for a look.  Visit Available Homes at http://www.reston-lakefront.com/ to view currently available Lakefront Homes in Reston Virginia.
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By Pete Blondin
(ERA Teachers Inc)
The inventory of Condos for sale in Reston was about 210 homes active on the market as of the 15th of June 2008 with new contracts running at about 35 a month.  Consequently, the absorption rate for these homes is about 6 months on the market.  Condos sales have started to pick up in the Reston area. If you've been hanging back, this might be the moment to re-start your shopping.  Visit Available Homes at http://www.reston-condos.com/ to view currently available condos in Reston Virginia.  
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By Pete Blondin
(ERA Teachers Inc)
The inventory of townhomes for sale in Reston was about 155 homes active on the market as of the 15th of June 2008 with new contracts running about 50 a month.  Consequently, the absorption rate for these homes is about 3 months on the market.  This might be a good time to jump back into the market ... There's a great selection and prices may be the best you've seen in three or four years.  Like to see currently available Townhomes in Reston ... visit http://www.reston-area.com/forsale.htm  
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The inventory of single family detached homes for sale in Reston was about 87 homes active on the market as of the 15th of June 2008 with new contracts running about 25 a month.  Consequently, the absorption rate for these homes is about 3.5 months on the market.  Sales of single family homes have picked up in the last couple of months.  If you've been considering buying a single family, this might be the moment.  Like to see currently available Single Family homes in Reston ... visit http://www.reston-area.com/forsale.htm  
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By Bobby Samson
(Samson Realty)
Taste of the Town  Saturday, 14th June, 2008noon-10:30 p.m. Northern Virginia's largest outdoor food festival! Join 40,000 of your closest friends in sampling the best that area restaurants have to offer. This nearly two decade tradition brings friends and family from the entire DC metropolitan region to a must-attend event. This year it doubles in size and takes over all of Market Street. Besides sampling tastes from over 40 great restaurants, there will be 3 different stages with live music and entertainment all day long, plus a block long "Kiddie Korner" with special activities just for the kids. This is a day you cannot miss, Taste of the Town is truly "One Delectable Day"! Individual Taste tickets cost $1.00 a piece.     Reston Town Center11901 Democracy DriveReston, VA 20190703-4...
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By Tchaka Owen
(Galleria International Realty)
  US News & World Report released a piece that places Reston, VA in the Top Ten Brainiest places in the United States.  The report did not rank the top 10, it merely listed them alphabetically.  The piece based its assessment on "retirement destinations that attract highly educated folks".  Half of the cities are in areas known for very good schools such as Berkeley, CA, Chapel Hill, NC, Ann Arbor, MI and Brookline, MA. I've enjoyed my years of living in Reston and I do return frequently, this is just another tidbit to highlight the community in a positive manner.
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