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Reston, VA Real Estate News

The inventory of single family detached homes for sale in Reston was about 70 homes active on the market as of the 17th of December 2007 with new contracts running about 17 a month.  Consequently, the absorption rate for these homes is about 4.5 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
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The inventory of homes for sale in Reston's Town Center area was about 75 homes active on the market as of the 1st 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.
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The inventory of Lakefront  Community homes for sale in Reston was about 36 homes active on the market as of the 1st 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.
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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 1st 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.
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The inventory of townhomes for sale in Reston was about 145 homes active on the market as of the 1st of December 2007 with new contracts running about 25 a month.  Consequently, the absorption rate for these homes is about 6 months on the market.  Comparing the closed prices to the original list prices year-to-date ... Closing prices average about 4% below original prices.  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 75 homes active on the market as of the 1st of December 2007 with new contracts running about 15 a month.  Consequently, the absorption rate for these homes is about 5 months on the market.  Comparing the closed prices to the original list prices year-to-date ... Closing prices average about 6% below original list prices.  Like to see currently available Single Family homes in Reston ... visit http://www.reston-area.com/forsale.htm
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The inventory of homes for sale in Reston's Town Center area was about 90 homes active on the market as of the 15th of November 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.
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The inventory of Lakefront  Community homes for sale in Reston was about 60 homes active on the market as of the 15 of November 2007 with new contracts running at about 12 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.
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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 15th of November 2007 with new contracts running at about 24 a month.  Consequently, the absorption rate for these homes is about 8 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.
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The inventory of townhomes for sale in Reston was about 160 homes active on the market as of the 15th of November 2007 with new contracts running about 30 a month.  Consequently, the absorption rate for these homes is about 5 months on the market.  Comparing the closed prices to the original list prices year-to-date ... Closing prices average about 4% below original prices.  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 88 homes active on the market as of the 15th of November 2007 with new contracts running about 15 a month.  Consequently, the absorption rate for these homes is about 7 months on the market.  Comparing the closed prices to the original list prices year-to-date ... Closing prices average about 6% below original list prices.  Like to see currently available Single Family homes in Reston ... visit http://www.reston-area.com/forsale.htm
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The inventory of homes for sale in Reston's Town Center area was about 90 homes active on the market as of the 1st of November 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.
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The inventory of Lakefront  Community homes for sale in Reston was about 60 homes active on the market as of the 1st of November 2007 with new contracts running at about 15 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.
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By Pete Blondin
(ERA Teachers Inc)
The inventory of Condos for sale in Reston was about 200 homes active on the market as of the 1st of November 2007 with new contracts running at about 22 a month.  Consequently, the absorption rate for these homes is about 9 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.
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The inventory of townhomes for sale in Reston was about 160 homes active on the market as of the 1st of November 2007 with new contracts running about 33 a month.  Consequently, the absorption rate for these homes is about 5 months on the market.  Comparing the closed prices to the original list prices year-to-date ... Closing prices average about 4% below original prices.  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 100 homes active on the market as of the 1st of November 2007 with new contracts running about 14 a month.  Consequently, the absorption rate for these homes is about 7 months on the market.  Comparing the closed prices to the original list prices year-to-date ... Closing prices average about 6% below original list prices.  Like to see currently available Single Family homes in Reston ... visit http://www.reston-area.com/forsale.htm
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Closed sales of detached homes in Reston Virginia for the 3rd quarter of 2007 shown in the Realtor MLS were 54 units averaging $684,500 ... The quarterly result was down somewhat from sales for the same quarter in 2006 of 60 units averaging $719,800.  Currently available townhomes in Reston are viewable at http://www.reston-area.com/forsale.htm
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By Pete Blondin
(ERA Teachers Inc)
Closed sales of townhomes in Reston Virginia for the 3rd quarter of 2007 shown in the Realtor MLS were 160 units averaging $443,375 ... The quarterly volume was up somewhat from sales for the same quarter in 2006 of 144 units averaging $449,100.  Currently available townhomes in Reston are viewable at http://www.reston-area.com/forsale.htm
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By Pete Blondin
(ERA Teachers Inc)
Closed sales of condos in Reston Virginia for the 3rd quarter of 2007 shown in the Realtor MLS were 90 units averaging $320,750 ... The quarterly result was down somewhat from sales for the same quarter in 2006 of 143 units averaging $341,750.  Currently available condos in Reston are viewable at http://www.reston-condos.com/forsale.htm
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The inventory of homes for sale in Reston's Town Center area was about 90 homes active on the market as of the 15th of October 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.
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