Open House in Herndon’s “Reserve at Stone Hill” August 3rd

If you’re looking for a gorgeous custom luxury home in Herndon’s Reserve at Stone Hill, you’ll definitely want to take a look at our brand new listing!

OPEN SUNDAY, AUGUST 3RD 1PM TO 4PM

Here’s a sneak peek!http://www.beltteamrealestate.com/results/?status=A&streetname=Winter+Wren+Court&keyword=12616+winter+wrenFull description, directions and more photos of 12616 Winter Wren Ct in HerndonReserve at Stone Hill Reserve at Stone HillCall Tom Reilly & The Belt Team at (703) 629-1263 to schedule a showing!

Search Herndon Homes For Sale $1,000,000 to $1,250,000

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Realtors in Herndon VA

Prelude Drive – Price Reduced Under $650K and Open Sunday August 3rd

If you’ve been waiting to find a single family home in the popular Wolftrap Elementary School District – NOW is your opportunity! The price on our listing on Prelude Drive has been reduced to $649,900 and with one exception (a 1959 rambler on Beulah Rd being sold “as is”) – it’s the lowest priced home for sale both in Tiburon and in the entire Wolftrap Elementary School District!

OPEN SUNDAY, AUGUST 3RD 1PM to 3PM

Click here for more photos, full description & open house directions to 1817 Prelude Drive in Vienna

Tiburon Home For Sale

Tiburon Home For Sale            Tiburon Home For Sale           Tiburon Home For Sale

Search Vienna Homes For Sale – $500 to $600K

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Search Vienna Homes For Sale – $700K to $800K

Call (703) 242-3975 to schedule a showing!

Listed by Kevin Kleifges & The Belt Team

New Listing: Main Floor Living in McLean’s Sought After Timberly!

If the thought of the ease of main floor living is appealing to you (and who wouldn’t it appeal to?!), then our new listing on Crossover Drive is the ideal home for you! The added bonus is that this fabulous home is located on a private, almost 1/2 acre lot in the sought after Timberly neighborhood.  Substantially rebuilt with the highest quality of finishes, materials and appliances (just LOOK at this kitchen!), it’s also professionally landscaped and absolutely lovely.  A wonderful location for commuters, close to many amenities and in the Langley High School pyramid!

McLean Home For Sale Main Level Bedroom

More photos, price & information on 7616 Crossover Drive in McLean

Call Terry Belt at (703) 242-3975 to schedule a showing!

Search Homes For Sale in McLean Under $1,000,000

Search Homes For Sale in McLean Under $1,000,000 – $1,250,000

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Realtors in McLean VA

It’s Time To Get Serious!

KW McLean Cares Golf Tournament

Most of what we write about on our blog is real estate. And that’s serious business. But sometimes things come up that are even more important. This is one of them.

Did you know that:

  • Every 80 minutes a soldier or veteran takes his or her life
  • 4 of 5 children of Active Duty Military Personnel and Reservists face increased stress while one of their parents is deployed in defense of their country or while recovering from severe injuries suffered during deployment.

More importantly, YOU CAN HELP by helping us raise money for “Stop Solider Suicide” and “Our Military Kids”.

Our office is gearing up for September 22 and our FIFTH ANNUAL KW McLean Great Falls Charity Golf Tournament, Spa Day & Auction! Last year our office raised over $93,000 for these worthy charities. This year our goal is $120,000. Here’s how you can help (and have fun while doing so!)

GOLFERS: This year’s event will be at prestigious Landsdowne resort in Leesburg. Your $300 fee will provide you with your round of golf, a cart, breakfast, lunch, beverages and a gourmet reception/dinner, open bar, live music, plus a live and silent auction ticket! We expect a sell-out, so register NOW! (Register here.)

SPA-GOERS: We’ll be offering a full day spa package – perfect for spouses who don’t golf and thank you gifts for clients (or even for yourself!)

LIVE & SILENT AUCTION: In the evening, we have a great event plan that will include a gourmet reception/dinner, open bar, live music. The highlight will be a silent & live auction. So bring your checkbooks & credit cards! We’ll have everything from a Rolling Stones autographed guitar to a Napa Valley Wine Country Experience. You can check out the preliminary auction list here. Tickets are $75. (Buy tickets.)

SPONSORS: We are seeking sponsors for the event. LOTS of opportunities remain. And 100% of sponsor donations go to the charities. Whether you are prepared to donate $10,000 to be a Presenting Sponsor – or $350 to sponsor a Tee Box, there’s an opportunity to help. This is a PREMIUM opportunity to get your name & face in front of quite a few Realtors, CEOs and other Power Brokers and Power Connectors in Northern VA.

CAN’T COME, BUT WANT TO DONATE: You can donate online here.

Here’s more info about the charities:

KW McLean Cares is our 501(c)(3) charitable arm. Our motto is “We Give Where We Live“. And so we have chosen two local charities to benefit from our KW McLean Charity Golf Tournament & Auction: “Our Military Kids” and “Stop Soldier Suicide“.

Our Military Kids            Stop Soldier Suicide

Our Military Kids provides support in the form of grants to the children of National Guard and Military Reserve personnel who are currently deployed overseas, as well as the children of Wounded Warriors in all branches. The grants pay for participation in sports, fine arts, camps, and tutoring programs that nurture and sustain children while a parent is away in service to our country or recovering from injury.

You might recognize the name Gabby Douglas. She’s a young athlete who won 2 gold medals in gymnastics at the Olympics in London last year. Well – guess who received a grant that enabled her to attend a gymnastics camp 6 years earlier in Texas with renowned coaches Bela & Marta Karolyi? Yup – Gabby Douglas. (You can read more about Gabby & Our Military Kids here.)

The second charity we selected is “Stop Soldier Suicide. Stop Soldier Suicide is the first national civilian not-for-profit organization dedicated to preventing Soldier and Veteran suicide. I’ll bet you would be surprised to know that there are 1 Active-duty Soldier a day and 22 Veterans a day taking their own lives. This group is committed to helping their brothers and sisters in arms get the help they need, without shame or fear of losing their military post.

Contact The Belt Team for more information.

Cascades/Lowes Island Townhouse Open Sunday July 27

Are you looking for a fabulous, move-in ready townhouse in the Cascades/Lowes Island area? Then stop by our open house this weekend. You just might find your dream home! You’ll enjoy 1,852 beautifully finished sq ft, 3 bedrooms, two full baths AND two half baths, gourmet kitchen with fresh paint & new stainless appliances in 2013/14, vaulted ceiling master with walk-in closet, finished lower level and more!

47644 Windrift Terrace in Sterling – Listed at $369,900

OPEN SUNDAY JULY 27TH 1PM to 3PM

TH For Sale Lowes Island Cascades

You can get a peek at more 47644 Windrift Terrace photos here!

List of All Sterling Open Houses

Search All Townhouses For Sale in Sterling

Call Beth Dadisman at (703) 577-1144 to schedule a showing!

Realtors in Sterling VA

3 Years Young & Less Than 2 Miles To Metro – Open Sunday!

This 3 year young luxury home beauty is just 1.6 miles from the Vienna Metro – on a private lot on a peaceful cul-de-sac! You’ll enjoy 5 bedrooms, 4.5 baths, a dream kitchen and an impressive master suite with sitting room and upgraded bath with Italian tile & granite countertops.

OPEN SUNDAY, JULY 27TH 1PM TO 4PM

More information, price & photos of 1107 Walker Circle SW in Vienna

Luxury Home For Sale Vienna VACall Kevin Kleifges & The Belt Team at (703) 242-3975 to schedule a showing if you cannot make the open house!

Search all Vienna Open Houses This Weekend

Real Estate Market Shift Spells “Opportunity” for Some, “Reality” For Others

Opportunity or Reality

The real estate market in Northern Virginia is continuing to experience a subtle shift. While we’re still seeing competitive situations and multiple offers on some homes in some areas, other areas are seeing average time on market as high as 6 months and housing inventory of more than a year. If you’re thinking of buying or selling your home, you will definitely want to take a look at these numbers – because numbers tell a story!

City # Homes On Market Avg Days on Market # Under Contract Past 30 days #Months Housing Supply
Vienna 242 102 73 3.3
Sterling 281 50 109 2.6
Springfield 257 52 113 2.3
Reston 283 54 97 2.9
Oakton 104 112 28 3.8
McLean 321 108 66 4.9
Herndon 237 65 77 3.1
Great Falls 224 179 15 14.9
Falls Church 296 58 117 2.5
Fairfax 445 55 182 2.5
Dunn Loring 7 49 1 7.0
Chantilly 53 51 14 3.8
Centreville 243 61 80 3.0
Burke 105 48 53 2.0
Ashburn 558 93 143 3.9
Arlington 610 75 246 2.5
Alexandria 1181 79 440 2.7

The area and price range you’re looking in will vastly affect what strategy you employ.

If you’re looking to buy in Great Falls for example, then you have a HUGE amount of leverage when making an offer. Currently, there are 224 homes for sale and the average time those homes have been on the market is SIX MONTHS. There is also a FIFTEEN MONTH supply of housing right now. That means if homes sell at the rate they have over the past 30 days, then it would take 15 months to sell all of the homes currently on the market. That spells OPPORTUNITY for buyers. And it spells REALITY for Sellers. It’s no longer the time to price aggressively to “see what the market will bear.”

(Search Homes For Sale in Great Falls)

On the other hand, if you’re looking in Burke, you’ll find the complete opposite. Average days on market for active listings is less than two months. And there is only a 2 month supply of housing. Less than 3 months housing supply means that Burke is still experiencing a Seller’s Market. What does this mean? Sellers may still be able to push the envelope; and Buyers will likely find themselves competing for homes. This means Buyers need to adjust their contract strategy accordingly – being prepared to offer more, use an escalation clause, drop contingencies, offer a free rentback or a number of other strategies.

(Search Homes For Sale in Burke)

When you look at the chart above – what you’ll see is that in general, the higher price areas (like Great Falls & McLean) are starting to see longer marketing times and a much larger housing supply. While the more affordable areas (like Burke & Springfield) are still firecely competitive.

(Search Homes For Sale in Great Falls) (Search Homes For Sale in McLean)

(Search Homes For Sale in Burke) (Search Homes For Sale in Springfield)

Areas like Vienna, Oakton & Ashburn are experiencing what we call a “W” Market. Buyers in these markets are extremely price sensitive and there are pockets of Buyer & Seller submarkets embedded within each – some Seller’s, some Buyer’s, some Balanced Markets.. As an example, we recently put 3 listings on the market in Vienna between $800,000 and $900,000. One had multiple offers and sold in 3 days over list price. The others are still on the market. We are seeing Buyers step back and make much more considered decisions – sometimes not even looking at homes they feel are overpriced, and/or not being able to look past issues like dated kitchens. This means Sellers must be much more on target when setting that initial price in order to end up at the top of the W, and not at the bottom.

(Search Homes For Sale in Vienna) (Search Homes For Sale in Oakton) (Search Homes For Sale in Ashburn)

For more info about YOUR neighborhood or the neighborhood you WANT to live in, contact The Belt Team at (703) 242-3975. We’ll help create a personal strategy for YOUR market. regardless of whether you’re buying or selling, you deserve the BEST Real Estate Team in Northern VA!

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