I try to provide regular updates on the current real estate market to my clients. I also provide a Long and Foster Market Minute Report on Reston as a PDF file below. Just click on the ICON below for the latest monthly Reports.
The Covid lock-down has eased but still has some impact. Properties are still selling at or above last years prices. Inventory is still down and homes are selling quickly even in what have been slower months. We expect more homes to come on the market in the Fall and in part due to retirements as more and more "baby boomers" retire. Homes are not selling as quickly and days on market are increasing even with low inventory. Interest rates have risen and are predicted to increase more this Fall. Current 30 year mortage rates are about 5.5% with 15 year rates at 4.5% or higher. The Fed has raised the rates twice this summer and is planning to make at least one more increase in 2022. As inventories increase, Buyers have more options and leverage, when negotiating on price but right now they are still low. Homes have been selling at or above asking prices.
I completed Realtor® training to become an Eco-Broker and have a GREEN designation. In 2015, I completed a Master's degree with the Virginia Tech Natural Resources Department offered by the Center for Leadership in Global Sustainability (CLiGS). I was invited into the program to evaluate environmental initiatives in the real estate industry. I have posted one of the studies I conducted for CLiGS on this website, if you are interested in making environmental upgrades to your home.
If you are considering selling your home, I would be glad to provide you a detailed analysis of the current marketability of your home at no charge. As a long time Reston homeowner, I know the Northern Virginia market. I live in North Reston and I am familiar with the builder models.
If you have an unfinished basement, I can advise you about alternatives to get a building permit to finish it by adding an exit window or door. I can also recommend upgrades that will appeal to today’s buyers. Whether you are considering a move up or downsizing, I can help. My office is in Reston, and you can always reach me on my mobile number. I can help you sell your home and find the right new home for your current life style.
In this real estate market, you need a full time professional Realtor® to buy or sell a home. Let me know if I can help you, or any of your family or friends, with your Real Estate needs.
To search for currently Active Listings, you can use the search engine on the home page of my web site at www.LiveVA.com.
I am building a vacation home on the Chesapeake Bay in 2022. I can help you find a vacation or retirement home on the Northern Neck or Middle Peninsula if you are ready to make a move.
To see currently Active Listings, use the search engine on the Home page of on my web site.