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Reston, VA Real Estate News

By Pete Blondin
(ERA Teachers Inc)
The inventory of Condos for sale in Reston was about 215 homes active on the market as of the 15th of October 2007 with new contracts running at about 26 a month.  Consequently, the absorption rate for these homes is about 8.5 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 170 homes active on the market as of the 15 of October 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 15th of October 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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The inventory of homes for sale in Reston's Town Center area was 85 homes active on the market as of the 1st 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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The inventory of Lakefront  Community homes for sale in Reston was about 70 homes active on the market as of the 1st of October 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 homes appear to be selling off at a considerably faster absorbtion 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 205 homes active on the market as of the 1st of October 2007 with new contracts running at about 25 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 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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By Pete Blondin
(ERA Teachers Inc)
The inventory of townhomes for sale in Reston was about 175 homes active on the market as of the 1st of October 2007 with new contracts running about 38 a month.  Consequently, the absorbtion rate for these homes is about 4.5 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 105 homes active on the market as of the 1st of October 2007 with new contracts running about 12 a month.  Consequently, the absorbtion rate for these homes is about 8 months on the market.  Comparing the closed prices to the original list prices year-to-date ... Closing prices average about 5% 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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By Pete Blondin
(ERA Teachers Inc)
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 Detached homes.  If you'd like to see the actual data visit http://www.reston-condos.com/6recent.htm
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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 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 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 homes appear to be selling off at a considerably faster absorbtion 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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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 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 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 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 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 to the original list prices year-to-date ... Closing prices average about 5% 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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By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
HOMES FOR SALE IN RESTON, RESTON - A PLANNED COMMUNITY OF EXCELLENCEReston Single Family Homes, Reston Town Houses, Reston Condos, Reston Lake Front HomesReston Real Estate offers charm because it offers a small town atmosphere in an area with high tech amenities.National and international companies locate in Reston because of the dynamic commercial structure of financial, Internet, management, health care management, transportation, aerospace and international development.  Yet, residents enjoy the wonderful recreational amenities in the community such as the hiking and jogging trails, wooded paths, the lakes, nature center, preserved wooded acreage, and ample home sites for Reston residents.    Homes with Lake Front AccessLake Newport and Lake Anna in Reston, Virginia - Water front ho...
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The inventory of homes for sale in Reston's Town Center area was 95 homes active on the market as of the 31st of August 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 31st of August 2007 with new contracts running at about 20 a month.  Consequently, the absorbtion rate for these homes is about 3 months on the market.  Of these, Direct Lakefront homes appear to be selling off at a considerably faster absorbtion 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 235 homes active on the market as of the 31st of August 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 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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By Pete Blondin
(ERA Teachers Inc)
The inventory of townhomes for sale in Reston was about 170 homes active on the market as of the 31st of August 2007 with new contracts running about 55 a month.  Consequently, the absorbtion rate for these homes is about 3 months on the market.  Comparing the closed prices to the original list prices year-to-date ... Closing prices average about 4% below original list 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 108 homes active on the market as of the 31st of August 2007 with new contracts running about 20 a month.  Consequently, the absorbtion 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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