2850 Willowmere Woods Dr Vienna VA 22180- Just Listed by The Belt Team – Open February 26th

2850 Willowmere Woods Dr Vienna VA 22180 is listed by The Belt Team and is OPEN SUNDAY, February 26th 1-4 PM. Here’s a sneak peek:

Price and LOTS more photos of 2850 Willowmere Woods Dr Vienna VA 22180

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

Beautifully updated on a  fantastic private cul de sac lot backing to open space. Open floorplan including 4 bedrooms, 3.5 baths, 2 fireplaces, dramatic two-story foyer, decorative moldings, gorgeous hardwoods, high ceilings, loads of natural light, eat-in kitchen with stainless steel appliances, separate dining room & main level office. Finished walkout lower level features a large rec room, wet bar, fireplace & bonus room. Fabulous back deck, patio & gazebo! Close to everything including METRO & Mosaic District!

Call The Belt Team at (703) 242-3975 if you would like to buy or sell in Vienna this year. The Belt Team is Vienna’s #1 Real Estate Team. (Sellers –  you’ll be interested to know that Belt Team Sellers sell FASTER and for MORE money than average! Special info for Vienna Home Sellers.)

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Homes For Sale Near Metro

The Impact of Homeownership on Civic Involvement

Here’s a fascinating new update from Keeping Current Matters:
The Impact of Homeownership on Civic Involvement | MyKCM

The National Association of Realtors recently released a study titled ‘Social Benefits of Homeownership and Stable Housing.’ The study confirmed a long-standing belief of most Americans:

“Owning a home embodies the promise of individual autonomy and is the aspiration of most American households. Homeownership allows households to accumulate wealth and social status, and is the basis for a number of positive social, economic, family and civic outcomes.”

Today, we want to cover the section of the report that quoted several studies concentrating on the impact homeownership has on the civic participation of family members. Here are some of the major findings on this issue revealed in the report:

  • Homeowners have a much greater financial stake in their neighborhoods than renters. With the median national home price in 2015 at $223,900, even a 5% decline in home values will translate into a loss of more than $11,195 for a typical homeowner.
  • Because owners tend to remain in their homes longer, they add a degree of stability to their neighborhood.
  • Homeowners also reap the financial gains of any appreciation in the value of their home, so they also tend to spend more time and money maintaining their residence, which also contributes to the overall quality of the surrounding community.
  • Homeowners were found to be more politically active than renters with 77% of homeowners saying they had at some point voted in local elections compared with 52% of renters.
  • There seems to be a greater awareness of the political process among homeowners. About 38% of homeowners knew the name of their local school board representative, compared with only 20% of renters.
  • There is a higher incidence of membership in voluntary organizations and church attendance among homeowners.
  • Homeownership does create social capital and provide residents with a platform from which to connect and interact with neighbors.
  • Owning a home means owning part of a neighborhood, and a homeowner’s feelings of commitment to the home can arouse feelings of commitment to the neighborhood, which, in turn, can produce interactions with neighbors.

Bottom Line

People often talk about the financial benefits of homeownership. As we can see, there are also social benefits of owning your own home.

*Next Thursday, we will report the study’s findings on the impact homeownership has on a family’s health.

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1006 Hillcrest Dr SW Vienna VA 22180- Just Listed by The Belt Team – Open February 19th

1006 Hillcrest Drive SW Vienna VA 22180 is listed by The Belt Team and is OPEN SUNDAY, February 19th 1-4 PM. Come FALL IN LOVE!

Here’s a sneak peek:

Price and LOTS more photos of 1006 Hillcrest Drive SW Vienna VA 22180

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

Gorgeous new build by Dominion Associates – 25 year top Vienna builder! Great lot & fabulous close-in Vienna location! Hardiplank,stone, front porch & back deck. Top quality design and finishes!!! 6 bedrooms, 5 baths, stunning cinnamon hardwoods & architectural moldings/details. Lower level with large rec room, wet bar, bedroom & theater room! Excellent schools, close to Vienna Metro & “downtown” Vienna!

Call The Belt Team at (703) 242-3975 if you would like to buy or sell in Vienna this year. The Belt Team is Vienna’s #1 Real Estate Team. (Sellers –  you’ll be interested to know that Belt Team Sellers sell FASTER and for MORE money than average! Special info for Vienna Home Sellers.)

WHat Is My Home Worth

New Homes Vienna VA

New Homes For Sale Vienna VA

Ready to Build Your Dream Home? Lot Near Metro Just Listed!

Lot For Sale Near Metro

JUST LISTED!

$595,000

Fantastic location near Dunn Loring Metro, Tysons Corner and W&OD Trail.  Flat, vacant, residential building lot just subdivided, recorded  and ready to build your dream home!

(House next door is not included and not part of available lot.)

Call Terry Belt at (703) 242-3975 for more info!

1006 Hillcrest Dr SW Vienna VA 22180- Just Listed by The Belt Team – Open February 12th

1006 Hillcrest Drive SW Vienna VA 22180 is listed by The Belt Team and is OPEN SUNDAY, February 12th 2-4 PM. It’s almost Valentine’s Day. Come FALL IN LOVE!

Here’s a sneak peek:

Price and LOTS more photos of 1006 Hillcrest Drive SW Vienna VA 22180

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

Gorgeous new build by Dominion Associates – 25 year top Vienna builder! Great lot & fabulous close-in Vienna location! Hardiplank,stone, front porch & back deck. Top quality design and finishes!!! 6 bedrooms, 5 baths, stunning cinnamon hardwoods & architectural moldings/details. Lower level with large rec room, wet bar, bedroom & theater room! Excellent schools, close to Vienna Metro & “downtown” Vienna!

Call The Belt Team at (703) 242-3975 if you would like to buy or sell in Vienna this year. The Belt Team is Vienna’s #1 Real Estate Team. (Sellers –  you’ll be interested to know that Belt Team Sellers sell FASTER and for MORE money than average! Special info for Vienna Home Sellers.)

WHat Is My Home Worth

New Homes Vienna VA

New Homes For Sale Vienna VA

Lack of Homes for Sale Slowing Down the Housing Market

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Here’s an update from “Keeping Current Matters” about the state of the national real estate market. In general, in Northern VA, we are seeing similar things to what KCM reports, but not in 100% of the areas. For most of you, this means it’s a GREAT time to sell!

Call Terry Belt & The Belt Team at (703) 242-3975 for more info on YOUR neighborhood.


Lack of Homes for Sale Slowing Down the Housing Market | MyKCM

The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up. Home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2017 will be the year that the housing market races forward again.

However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. While buyer demand looks like it will remain strong throughout the winter, supply is not keeping up.

Here are the thoughts of a few industry experts on the subject:

National Association of Realtors

“Total housing inventory at the end of December dropped 10.8%…which is the lowest level since NAR began tracking the supply of all housing types in 1999. Inventory has fallen year-over-year for 19 straight months and is at a 3.6-month supply at the current sales pace.”

Jonathan Smoke, Chief Economist for Realtor.com

“More than two-thirds of the markets are seeing less inventory now compared to a year ago.”

 Lawrence Yun, Chief Economist at NAR:

“The dismal number of listings in the affordable price range is squeezing prospective first-time buyers the most. As a result, young households are missing out on the wealth gains most homeowners have accrued from the 41% cumulative rise in existing home prices since 2011.”

 Sam Khater, Deputy Chief Economist at CoreLogic

“The lack of affordable supply is really driving up home prices.”

 Peter Muoio, Chief Economist at Auction.com

“Tight housing inventory remains a constraining factor limiting stronger sales growth… We expect further price growth to entice more homeowners to list their homes, particularly as existing homeowners have greater equity.”

Bottom Line 

If you are thinking of selling, now may be the time. Demand for your house will be strong at a time when there is very little competition. That could lead to a quick sale for a really good price.


Call Terry Belt & The Belt Team at (703) 242-3975 to schedule a FREE personalized consultation. Find out if your home is in a Seller’s Market or a Buyer’s Market!

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Vienna Real Estate Stats – January 2017 Home Sales

Wondering what’s happening in the Vienna real estate market? Here are the stats!

Vienna Real Estate Stats January 2017

  • 60 homes went under contract in Vienna in January. This is up 33% from January 2016!
  • 99 homes came on the market this November. That’s 41% more than January of 2016.
  • Homes that sold (closed) in January averaged 93 days on market, a month longer than in January 2016 (64 days).
  • 46% of the homes that sold in January, did so in under 30 days. (Homes that sold in January went under contract in November/December). That number was 31% in January 2016.
  • Average sold price this January was $840,778 (up from 2016 when it was $694,084 – but skewed by a $3M+ sale this year)
  • We currently have a 3 month supply of homes in Vienna – and 172 Vienna homes for sale (townhouse, condo and single family).
  • We are teetering between a Balanced Market (neither a Buyer’s or a Seller’s market) and a Seller’s market overall. However, in any given price range, the numbers may skew very differently – making some price ranges a Seller’s Market and some a Buyer’s Market. For example – we have an 8 month supply of homes in the Vienna market over $999K. And in the under $800,000 price range – we have a 1.6 month supply. This means that Buyers over $1 million are looking at a Buyer’s Market, and Buyers in the lower ranges are competing and facing a Seller’s Market.

BUYERS & SELLERS

Make sure your agent is providing you with the data you need to make good decisions. Buying and selling often becomes about emotion. Buyers fall in love with homes or want to “get a deal” to feel good about buying. Sellers are invested in how much THEY love their home or have a number in mind based on what they “need” to get out of it.

WHat Is My Home Worth

The reality is that Buyers & Sellers who are successful in today’s market look at the data and act accordingly. The data above about the variances in different price ranges is a perfect example of why. Right here in Vienna we have two totally different markets. If you’re looking to buy, and you “make an offer” below list price – you might be VERY successful in the upper ranges because we have such an abundant supply of homes. Taking that same action in the lower price range will likely mean you don’t get the house of your dreams. Someone else will.

BUYERS:

With almost half of the homes selling in less than 30 days – you need all the advantages you can get. And this doesn’t even count the ones that are sold BEFORE they hit the MLS. In fact, The Belt Team just sold another Vienna home this weekend to a Buyer we’ve been working with since last year. Boy are they happy! Did you know that Belt Team Buyers are eligible for our FREE Priority Notification List for new listings not yet in the MLS?! Call 703-242-3975 for details.

SELLERS:

Don’t wait for Spring! NOW is the time. Just look at the statistics above. Don’t wait until everyone else goes on the market and creates more competition for your home. Call Terry Belt or Kevin Kleifges NOW at 703-242-3975 for our FREE Report “Questions To Ask Your Realtor BEFORE You Sell”. And find out how our listings sell FASTER and for MORE MONEY than the average agent’s listings.

 

 

 For more questions or for a specific update on YOUR neighborhood – call Terry Belt & 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.
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