Admin

Reston, VA Real Estate News

By Pete Blondin
(ERA Teachers Inc)
The inventory of townhomes for sale in Reston was about 125 homes active on the market as of the 1st of February 2008 with new contracts running about 22 a month.  Consequently, the absorption rate for these homes is about 5 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
Comments 0
The inventory of single family detached homes for sale in Reston was about 60 homes active on the market as of the 1st of February 2008 with new contracts running about 18 a month.  Consequently, the absorption rate for these homes is about 3 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
Comments 0
There's quite a few homes in the Reston Herndon Virginiaarea which are in various stages heading toward Foreclosure or in Foreclosure.  While there are lots of websites which offer information ... I've found that the homes listed in the Realtor System for sale are the easiest ones to see and actually purchase.  Here's a link to a bit more information on the tropic of Foreclosures and Shortsales ... http://www.get-moved.com/1forclose.htm ... Visit Available Homes at http://www.reston-area.com/forsale.htm and click though the list of Reston Herndon Foreclosures offered in the Realtor System.  If you'd like to take a look inside ... Just call or email me at (703) 932-6816 Pete@Blondin.com 
Comments 0
By Pete Blondin
(ERA Teachers Inc)
We've just completed a full year cycle of homes sales in Reston Virginia ... 1 January 2007 through 31 December 2007. Based on data published in the local MLS some 1,188 home sales were closed in this one year period. If you'd like to see the actual sales data visit http://www.reston-condos.com/6recent.htm
Comments 0
The inventory of homes for sale in Reston's Town Center area was about 70 homes active on the market as of the 15th of January 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.
Comments 0
The inventory of Lakefront  Community homes for sale in Reston was about 30 homes active on the market as of the 15th of January 2008 with new contracts running at about 6 a month.  Consequently, the absorption rate for these homes is about 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. Visit Available Homes at http://www.reston-lakefront.com/ to view currently available Lakefront Homes in Reston Virginia.
Comments 0
By Pete Blondin
(ERA Teachers Inc)
The inventory of Condos for sale in Reston was about 150 homes active on the market as of the 15th of January 2008 with new contracts running at about 20 a month.  Consequently, the absorption rate for these homes is about 7 months on the market.  Condos appear to be selling off at a considerably slower absorbtion rate than Townhomes and Singles in the Reston area. Visit Available Homes at http://www.reston-condos.com/ to view currently available condos in Reston Virginia.
Comments 0
By Pete Blondin
(ERA Teachers Inc)
The inventory of townhomes for sale in Reston was about 125 homes active on the market as of the 15th of January 2008 with new contracts running about 22 a month.  Consequently, the absorption rate for these homes is about 5 months on the market.  Closed prices for townhomes in Reston are off by about 4% from the 2005 market high.  Like to see currently available Townhomes in Reston ... visit http://www.reston-area.com/forsale.htm
Comments 0
The inventory of single family detached homes for sale in Reston was about 60 homes active on the market as of the 15th of January 2008 with new contracts running about 15 a month.  Consequently, the absorption rate for these homes is about 4 months on the market.  Closed prices this year for singles are down about 14% from the market high in 2005.  Like to see currently available Single Family homes in Reston ... visit http://www.reston-area.com/forsale.htm
Comments 0
By Holly Weatherwax, A Great Real Estate Experience
( Associate Broker, Momentum Realty)
I have read and seen many opinions about the efforts to allow Reston to become a town.Having grownup here (yes, if you can believe it), I have seen the evolution of Reston from a small concept 'place'--the original tag phrase was, "A place called Reston"--to the urbanized destination that it is today.  I consider my self a Restonian, through and through.Honestly, I am not so sure where I stand on this issue.  I would love to see some dialog both for and against the proposals.  So much of our information is filtered through the media and their definition of newsworthiness.  If you have some information you would like to share about why this is a good, or bad, thing, I invite you to share.
Comments 1
By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
UPDATE INFORMATION FOR RESTON FORECLOSURES . . . HERE. . FORECLOSED HOMES IN RESTON VIRGINIA.  BANK OWNED REAL ESTATE IN RESTON MEANS OPPORTUNITIES FOR HOME BUYERS IN FAIRFAX COUNTY VA.  The homes below are offered for sale by the foreclosing bank or mortgage company.  Homes may be discounted for condition and length of time on the market.  Reston is a community of about 23,500 homes.  Only 8 of them are foreclosure listings.  Reston homes seldom go to foreclosure.                  Preview the Reston foreclosure listings below (click "Reston" below) and you can see the value and opportunity to own a home in Reston for less than you thought possible.  Bank owned properties in Reston can be viewed daily.  Agent must accompany.  FORECLOSURE LIST AS OF JULY 26, 2008. City Type ListPrice BR ...
Comments 13
The inventory of homes for sale in Reston's Town Center area was about 70 homes active on the market as of the 1st of January 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 $250k to a high of $2 million.  Visit Available Homes at http://www.restontowncenter-homes.com/ to view currently available Reston Town Center Homes.
Comments 0
By Pete Blondin
(ERA Teachers Inc)
The inventory of Lakefront  Community homes for sale in Reston was about 30 homes active on the market as of the 1st of January 2008 with new contracts running at about 9 a month.  Consequently, the absorption rate for these homes is about 3.5 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. Visit Available Homes at http://www.reston-lakefront.com/ to view currently available Lakefront Homes in Reston Virginia.
Comments 0
By Pete Blondin
(ERA Teachers Inc)
The inventory of Condos for sale in Reston was about 150 homes active on the market as of the 1 st of January 2008 with new contracts running at about 25 a month.  Consequently, the absorption rate for these homes is about 6 months on the market.  Condos appear to be selling off at a considerably slower absorbtion rate than Townhomes and Singles in the Reston area. Visit Available Homes at http://www.reston-condos.com/ to view currently available condos in Reston Virginia.
Comments 0
The inventory of townhomes for sale in Reston was about 110 homes active on the market as of the 17th of December 2007 with new contracts running about 26 a month.  Consequently, the absorption rate for these homes is about 4 months on the market.  Closed prices for townhomes in Reston are off by about 4% from the 2005 market high.  Like to see currently available Townhomes in Reston ... visit http://www.reston-area.com/forsale.htm
Comments 0
The inventory of single family detached homes for sale in Reston was about 60 homes active on the market as of the 1st of January 2008 with new contracts running about 17 a month.  Consequently, the absorption rate for these homes is about 4 months on the market.  Closed prices this year for singles are down about 14% from the market high in 2005.  Like to see currently available Single Family homes in Reston ... visit http://www.reston-area.com/forsale.htm
Comments 0
The inventory of homes for sale in Reston's Town Center area was about 85 homes active on the market as of the 17th of December 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 million.  Visit Available Homes at http://www.restontowncenter-homes.com/ to view currently available Reston Town Center Homes.
Comments 0
The inventory of Lakefront  Community homes for sale in Reston was about 33 homes active on the market as of the 17th of December 2007 with new contracts running at about 9 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. Visit Available Homes at http://www.reston-lakefront.com/ to view currently available Lakefront Homes in Reston Virginia.
Comments 0
By Pete Blondin
(ERA Teachers Inc)
The inventory of Condos for sale in Reston was about 180 homes active on the market as of the 17th of December 2007 with new contracts running at about 25 a month.  Consequently, the absorption rate for these homes is about 7 months on the market.  Condos appear to be selling off at a considerably slower absorbtion rate than Townhomes and Singles in the Reston area. Visit Available Homes at http://www.reston-condos.com/ to view currently available condos in Reston Virginia.
Comments 0
By Pete Blondin
(ERA Teachers Inc)
The inventory of townhomes for sale in Reston was about 130 homes active on the market as of the 17th of December 2007 with new contracts running about 26 a month.  Consequently, the absorption rate for these homes is about 5 months on the market.  Closed prices for townhomes in Reston are off by about 4% from the 2005 market high.  Like to see currently available Townhomes in Reston ... visit http://www.reston-area.com/forsale.htm
Comments 0