15,315 Houses Sold Yesterday! Did Yours?

Great info about home sales from Keeping Current Matters:

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U.S. Home Sales

There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is… If it hasn’t sold yet, maybe it’s not priced properly.

After all 15,315 houses sold yesterday, 15,315 will sell today and 15,315 will sell tomorrow.

15,315!

That is the average number of homes that sell each and every day in this country according to theNational Association of Realtors’ (NAR) latest Existing Home Sales Report. NAR reported that sales are at an annual rate of 5.59 million. Divide that number by 365 (days in a year) and we can see that, on average, over 15,315 homes sell every day.

The report from NAR also revealed that there is currently only a 4.8 months supply of inventory available for sale, (6 months inventory is considered ‘historically normal’).

This means that there are not enough homes available for sale to satisfy the buyers who are out in the market now in record numbers.

Bottom Line

We realize that you want to get the fair market value for your home. However, if it hasn’t sold in today’s active real estate market, perhaps you should reconsider your current asking price.

(Reprinted – KCM)

******************************************************************************************************Top Realtors Northern VA
We would add that it’s important to analyze YOUR particular market – not just use the national figures. But the principles remain the same. You need to know how many homes are selling and the number of months supply of inventory. If you would like a FREE personalized analysis – give our Listing Specialists (Terry Belt & Kevin Kleifges) a call at (703) 242-3975.

General Market Stats & Trends:

“Kiss Your Landlord Goodbye” – Interactive Seminar

Homebuyer Seminars Northern VA

Special Millennial Edition Class for First-Time Homebuyers

September 30th at 6:30PM in McLean

Register here    Download Flyer

Today is a great time to enter the real estate market! Why throw money away on rent when you can be your own landlord? Freedom rocks. And so does putting money in your OWN pocket instead of your landlord’s! Mortgage rates are low (for now!) and you may even be able to pay less by owning than renting. Not sure how the process works? We’ve gathered these local experts to share their knowledge with you:

¨ Aaron Gagnon, Loan Officer, Apple Federal Credit Union

¨ Brad Pace, Loan Officer, EverBank

¨ Chris Melnick, Owner, Double Eagle Title

¨ Several local millennials who recently bought their first home

¨ The Belt Team, nationally recognized Top 100 Team with Keller Williams Realty

Here’s what the class will cover:

  • How much money do I need to save?
  • Could I actually pay less by owning than renting?
  • Do I qualify for a mortgage?
  • What would my payment be?
  • What about closing costs?
  • What about inspections?
  • Overview of the market.
  • Search tips & tricks.
  • Best apps to use.

Register FREE before Sept 15. Register here. Seating is limited.

(Note: If you cannot make one of our scheduled classes, we are more than happy to meet for coffee and do a quick, no obligation overview with you.)

Search for homes on our state-of-the-art site

Platinum Sponsor: Double Eagle Title

First Time Homebuyers“This was our first time looking for a home to own and Kevin really guided and took all of our requests and preferences to heart. He made sure all of our worries were alleviated from day one and we couldn’t have asked for a better agent to work with.”

Ben & Lara Kaplan

 

First Time Homebuyer Seminar - The Belt Team“As first time buyers we really appreciated that Tom Reilly respected all of our questions, no matter how elementary. If he didn’t have the answer, he got it for us, ASAP. We worked with another agent earlier in our home search, and Tom was much more attentive and helpful!”

Heather & Doug Roemer

1637 Lozano Dr Vienna VA 22182 – Listed by The Belt Team – Open House August 16th

1637 Lozano Dr Vienna VA 22182 is listed by The Belt Team and will be OPEN ON SUNDAY, AUGUST 16 from 2-4PM.

Here’s a sneak peek:

More info, price & additional photos of 1637 Lozano Dr Vienna VA 22182

Call Kevin Kleifges & The Belt Team at (703) 242-3975

Welcome to this beautiful classic colonial sparkling with updates!  Delightful and tranquil location yet just minutes to the Town of Vienna, Tysons Corner, Reston Town Center and easy commuting.  Along with 3 finished levels, 4 bedrooms & 3.5 baths, this property offers a flowing floor plan, lovely hardwood floors, crown molding, an eat-in kitchen with stainless steel appliances that is open to the family room, a separate dining room, wood burning fireplace, and living room.  Other exceptional features include a fantastic master suite with sitting room & terrific bath, a finished lower level with spacious rec room and a back deck. All of this & more on a premium almost half acre lot!

Homes FOr Sale Sun Valley Vienna

For more questions or for a specific update on YOUR neighborhood – call Kevin Kleifges & The Belt Team at (703) 242-3975 for a FREE Buyer or Seller Consultation. The Belt Team is Vienna’s Top Real Estate Team and has sold more homes in Vienna than another other Realtor or team since 1973.

Best Real Estate Agents in Vienna VA

9615 Percussion Way Vienna VA 22181 – Listed by The Belt Team – Open House August 30th

9615 Percussion Way is listed by The Belt Team and will be OPEN ON SUNDAY, AUGUST 30th from 2-4PM.

Here’s a sneak peek:

More info, price & additional photos of 9615 Percussion Way Vienna VA 22181

Call Kevin Kleifges & The Belt Team at (703) 242-3975

Welcome to this beautiful brick colonial in sought after Symphony Hill…close to many shops, restaurants, recreational facilities and much more! Along with 3 finished levels, 4 bedrooms & 2 full/2 half baths, this property offers a very open & flowing floor plan (it is only 1 of 3 homes with this layout!), gorgeous refinished hardwood floors, an eat-in kitchen open to the family room, a separate dining room, 2 gas fireplaces, and living room. Other exceptional features include a fantastic master suite with sitting room & updated bath, a finished lower with level rec room & fireplace, a 2-car attached car garage and swimming pool. Don’t miss this opportunity in a fabulous Vienna location!

Homes For Sale Symphony Hill

For more questions or for a specific update on YOUR neighborhood – call Kevin Kleifges & The Belt Team at (703) 242-3975 for a FREE Buyer or Seller Consultation. The Belt Team is Vienna’s Top Real Estate Team and has sold more homes in Vienna than another other Realtor or team since 1973.

Homes For Sale Symphony Hill

Best Real Estate Agents in Vienna VA

2737 Sutton Road Vienna VA 22181 – Listed by The Belt Team – Open House August 30

2737 Sutton Road Vienna VA 22181 is listed by The Belt Team and will be OPEN ON SUNDAY, AUGUST 9 from 1-4PM. (NOTE: PRICE IMPROVED!)

Here’s a sneak peek:

More info, price & additional photos of 2737 Sutton Rd Vienna VA 22181

Call Kevin Kleifges & The Belt Team at (703) 242-3975

Welcome to this beautifully updated colonial in a sought after Vienna location… close to all the amenities of the Town of Vienna, Oakton, great schools and minutes to the Vienna Metro!  Along with 3 finished levels, 4 bedrooms & 4.5 baths, this property offers a very open & flowing floor plan, gorgeous new hardwood floors, a gourmet eat-in kitchen, a separate dining room, a 2-story family room with a large stone fireplace & floor to ceiling windows, a main level office/den, and living room.  Other exceptional features include a stunning master suite with sitting room and fireplace, an expansive lower level with rec room, media room & bar, a private back deck, and a 2-car attached car garage.  Loaded with updates and in an unbeatable location…don’t miss this one!

For more questions or for a specific update on YOUR neighborhood – call Kevin Kleifges & The Belt Team at (703) 242-3975 for a FREE Buyer or Seller Consultation. The Belt Team is Vienna’s Top Real Estate Team and has sold more homes in Vienna than another other Realtor or team since 1973.

Home For Sale Sutton Road

Million Dollar Homes For Sale Vienna

Best Real Estate Agents in Vienna VA

Financial Markets Are Rumbling – Should I Sell Now or Later?

Credit: KCM

Credit: KCM

As summer comes to an end, children go back to school, and the days start getting shorter – we often get calls from folks who are thinking of selling in the Spring asking us to stop by to consult with them about what does and does not need doing between now and then.

Well – in light of the current upheaval in the financial markets, our phones are ringing a little more frequently than normal. And we are happy that our clients consider us to be part of their “financial health team”.

We have set up consultations this week to discuss our clients’ short and long term plans and where real estate fits into those plans. We have advised several to stay where they are because their plans are not likely to be influenced by a normal real estate cycle. We have also advised some to move up their timetable. If you would benefit from this type of consultation, ring us at (703) 242-3975 and we’ll set up a time to visit.

Here’s what CEO Terry Belt had to say last week when a past client in Vienna inquired about meeting over Thanksgiving in anticipation of selling next Spring:

CEO The Belt Team“To the extent that your plans for selling are certain, I recommend you go on the market before Spring – some time in late January or February.  Homes sell faster and for more in recent years at that time because of less competition.  I am particularly concerned about next Spring and Summer as I believe we are topped out in the current cycle and we are at the very beginning of a shift.  The inventory in Vienna has almost doubled in the past 6 months, price appreciation has flattened, the contract price to list price ratio has deceased, days on market to sell has lengthened, and buyer/showing activity levels have decreased. The current market is still what I consider very healthy, but I do see changes coming and if interest rates nudge up and the stock market adjusts, I think the trends we are seeing here will not favor Sellers. Interestingly, Gary Keller, the chairman of our company, went on record yesterday predicting a national shift in the market that we will start to feel in the next 6-8 months and a full downturn within 2 years.  He has predicted the last 3 housing cycles in advance very accurately.”

If you would like to speak to one of our Senior Listing Specialists about today’s market – call (703) 242-3975. We are happy to leverage the wisdom and experience we have gained in the previous downturns to YOUR benefit.

FREE, Instant Home Valuation

Search our STATE-OF-THE-ART web site for Homes

Where Are Home Values Headed?

Keeping Current Matters” has provided us with some excellent information about where home values are headed. Whether you’re thinking of buying or selling a home in Northern VA – you’ll want to check what they had to say:
Home Values Going Up KCM

“Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.

Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

The results of their latest survey

  • Home values will appreciate by 4.1% in 2015.
  • The cumulative appreciation will be 18.1% by 2019.
  • That means the average annual appreciation will be 3.4% over the next 5 years.
  • Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of 10.5% by 2019.

Individual opinions make headlines. We believe the survey is a fairer depiction of future values.”

FREE INSTANT Online Home Valuation

———————————————————————————————————————————–In addition to the info from Pulsenomics, we also know the government has indicated it likely that interest rates will rise. In fact, we have seen the FHLMC 30 year rate rise already from 3.84% in May to 4% in June and 4.09% in July. In light of the urgency to buy now, we are holding a special MILLENNIAL EDITION of our “Kiss Your Landlord Goodbye” Seminar.

Homebuyer Seminars Northern VA

Today is a great time to enter the real estate market!  Why throw money away on rent when you can be your own landlord? Freedom rocks. And so does putting money in your OWN pocket instead of your landlord’s!  

Mortgage rates are low (for now!) and you may even be able to pay less by owning than renting. Not sure how the process works? We’ve gathered these local experts to share their knowledge with you:

  • Aaron Gagnon, Loan Officer, Apple Federal Credit Union
  • Brad Pace, Loan Officer, EverBank
  • Chris Melnick, Owner, Double Eagle Title
  • Several local millennials who recently bought their first home
  • The Belt Team, nationally recognized Top 100 Team with Keller Williams Realty

Next Class Scheduled: Sept 30th 6:30-8PM in McLean

Register at: www.TheBeltTeam.com/Classes  (Register FREE before 9/10)

Parents: Are YOU your adult child’s landlord? Send them to our class. Invest in their future!

Here are some of the topics we will discuss:

  • Could I actually pay less by owning than renting?
  • How much money do I need?
  • Do I qualify for a mortgage?
  • What would my payment be?
  • Mistakes to avoid.
  • What about inspections?
  • Search tips & tricks.
  • Best apps to use.

Questions? Call Terry Belt & The Belt Team at (703) 242-3975

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