Reston, VA Market Report – 9/11/13

11 Sep
September 11, 2013

LIVE, WORK, PLAY, GET INVOLVED. These founding principles are still embodied by the Reston Community just like they were when this first planned community of Virginia was founded in 1960!

Like the rest of Fairfax County, Reston has had their numbers increase slightly like other recovered markets of the DC Metropolitian Area. Closed sales, average sales price, and total dollar volume are all up from a year ago. The market has definitely slowed down from the beginning of the spring market in March. Interest rates also have a huge impact on things slowing down as well.

Statistic

Values

YoY

MoM

Total Sold Dollar Volume

$24,615,694

+14.77%

-1.11%

Closed Sales

57

+11.76%

-1.72%

Median Sold Price

$415,000

+5.84%

+4.27%

Avg Sold Price

$431,854

+2.69%

+0.62%

Avg Days on Market

25 days

-41.86%

+127.27%

Avg Sold to Orig List Ratio

97.77%

+0.66%

-2.37%

The serious buyers are still out there, as well as the serious sellers needing to sell. This area still has low inventory so the market is still good for sellers but you won’t have the spring bidding wars at this time. The economic market is well on its way to recovery, FINALLY! Reston is a great place to get in with all that they have going on with shopping , transit, and homes that are not your average colonials.

Call one of our experienced Avery-Hess Agents so you make Reston’s founding principals of Live, Work, Play, Get Involved…. Your own!

Market data and commentary  provided by Chris Brown, Managing Broker, Avery-Hess, Realtors.

Search for homes in Reston and all of the DC Metro: www.averyhess.com

Erica Higgins

Administrative Manager & Marketing Assistant at Avery-Hess, Realtors
Front Royal
Office: (540) 631-9009
Email: ehiggins@averyhess.com

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