As we head into the New Year – it’s a good time to look back over the past 10 years and see what has happened in Oakton real estate. Here are the highlights:
Prices are steadily rising. The average price in Oakton rose 9% over the previous year. However, unlike in Vienna where prices are higher than they were at the height of the market in 2006; Oakton’s prices remain below the market high in 2005.
NUMBER OF HOME SALES:
Oakton saw a HUGE jump in sales in 2013 – 35% over the previous year! More homes were sold than in any year since 2004.
DAYS ON MARKET:
Homes continue to sell quickly in Oakton. In 2013, homes sold in an average of 49 days – faster than in any other year since 2005. (Note: Belt Team listings sold in an average of 9 days – AND at a higher percentage of list price than average. This means Belt Team Sellers had one less mortgage payment to make – saving thousands of dollars!)
SOLD PRICE AS PERCENTAGE OF LIST PRICE:
Sellers in 2013 garnered a higher percentage of list price than in any year since 2005 – 96.75%. (For example, if a home was listed at $800,000 – the average Seller would have sold it for $774,000. )
Contact our CEO, Terry Belt about selling your home in Oakton.
Contact our Senior Buyer Specialist, Tom Reilly about buying a home in Oakton.