Oakton Home Sale Statistics – How Long To Sell Your Home and Are Prices Rising?

If you’re thinking of buying a home in Oakton VA in 2017, then you’re probably wondering things like:

  • “How long are homes on the market?”
  • “Will I have to pay over list price or can I get a deal?”
  • “Buyer’s Market or Seller’s Market?”

If you’re thinking of selling a home in Oakton in 2017, you’re probably wondering:

  • “How long will it take to sell my house?”
  • “Will I have to negotiate my list price?”
  • “Seller’s Market or Buyer’s Market?”

FREE Online INSTANT Home Valuation Estimator

Let’s look at 2016 statistics as they are often an indicator of what you can expect:

  • Average Days on Market in Oakton: 67  (up from 61 days in 2015)
  • Sold Price as % of Original List Price: 95.6% (up from 95.5% in 2015)
  • Percent of Homes Sold in 10 Days or Less: 26% (down from 29% in 2015)
  • Average Sold Price: $676,683 (down from $739,544 in 2015)
  • Number of Home Sales: 321 (up from 318 in 2015)
  • More Oakton Real Estate Market Stats

BUYERS:

Current housing supply in Oakton VA is 2.9 months. This translates to a “Seller’s Market”. (Be aware that number is for the market as a whole. If you are buying, you’ll need to ask for an analysis of the price range you’re looking in as some price ranges may actually have much more inventory.) Either way – you need all the advantages you can get. 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:

Terry Belt, CEO of The Belt Team commented, “Every year, we see competition for the best listings in the market. Often times, those who sell in January/February sell for more than those who wait for the traditional “Spring Market”. In 2017, we especially think this will bear out as we are already seeing interest rates rise, pricing some folks out of the market. Time will tell as to what 2017 has in store, but The Belt Team is already working with a number of Buyers and Sellers in Oakton and we expect the market to start out briskly.”

If you’re selling a home, your next question may be – “Is there a way to sell faster and for more than average?” And the good news is YES!

The best way to do that is to hire the real estate team with the best proven track record of success in the Oakton Vienna area. (Yes – we include Vienna because most people looking at homes in OAkton are also looking in Vienna. So having a top Realtor in both areas is in your best interests. When Buyers look at our listings in Vienna and rule our Vienna, we can refer them to our listings in Oakton!)

So who is that? It’s The Belt Team. Check out Belt Team statistics:

Once again in 2016, The Belt Team sold more homes in the Oakton Vienna area than any other agent or team. This has been the case every single year since 2009. Our track record here shows we sell homes more quickly and for more money than the “average agent”. Our experience & expertise save you time & money!

Anyone can have a good year. Maybe even a good year or two. When you’re selling your home, you need results you can count on. Over the past 10 years, The Belt Team has consistently sold more homes in the Oakton/Vienna area than ANY other agent or team—84% more than the next closest team.

The Belt Team

 

 

 

 

 

 

 

Only three of the 10,000+ Realtors in Northern VA have sold more than 200 homes in Vienna/Oakton in the past ten years. Of those, The Belt Team has the best sold to list price ratio. (Meaning not only do our homes sell faster than average, they sell for a higher percentage of list price than our top competitors.)

Only two agents/teams in Northern VA have sales of more than $250 Million. The Belt Team is one of them. We’ve sold more than $395 Million. 57% more than our next closest competitor. AND our listings also sell more than a month FASTER and FOR 3.3% MORE than this competitor.

On a $2M home, that’s $66K more in YOUR pocket!

Call The Belt Team at (703) 242-3975 if you would like to buy or sell a home in the Oakton Vienna. Not only have we sold more home in this area, but many of our team members have lived here for years. Terry Belt & Christy Belt Grossman grew up in Vienna, have lived here since 1972 and raised their families in here. And Christy’s husband Bill is a baseball coach at Oakton High School. Tom Hanton & Kevin Klefiges has also lived in the area since they were children and are raising their families here as well. We know the schools, the parks, the commuter short cuts, the history and all the things that make Oakton a most special place to live. Not only do we sell homes in Oakton, but with genuine enthusiasm & experience, we sell the entire community.

FREE Online INSTANT Home Valuation Estimator

 Don’t YOU deserve the BEST Realtor in the Oakton Vienna area?

Top Realtor Vienna VA

Oakton Virginia: Buyer’s Market or Seller’s Market? How Long To Sell Your Home and Are Prices Rising?

If you’re looking to buy or sell real estate in Oakton, VA in 2016, you may be wondering how long homes are on the market, whether prices are up or down and whether it’s a Buyer’s Market or Seller’s Market.

First, let’s look at what happened in 2015:

  • Average Days on Market: 62 days (almost the same as 2014 and up from 52 days in 2013)
  • Average Sold Price: $738,418  (up 5.3% from 2014 and 8.6% from 2013)
  • Average Sold Price as % of List Price: 95.6% (down from 96.2% in 2014 and 97.7% in 2013)
  • Percent of Homes Sold in 10 Days or Less: 29%

Now, to get an even better sense of what’s happening in the real estate market, go to our web site for up-to-date Oakton VA housing stats on the most recent month as compared to the five year average. This will indicate what the current trends are.

Call The Belt Team at (703) 242-3975 if you would like to buy or sell in Oakton this year.

Buyers – you’ll be interested to know that Belt Team buyers only paid 94.1% of original list price in 2015 – versus the average buyer who paid 95.6%! That’s a savings of $22,500 on a $1.5 million dollar home!

Sellers – you’ll also be happy that our listings on the Oakton Vienna area over the past 10 years have sold FASTER and for MORE MONEY than average!

10535 Sunlit Rd Oakton VA 22124 – Listed by The Belt Team – Open Sunday August 2nd

10535 Sunlit Rd Oakton VA 22124 is listed by The Belt Team and is OPEN SUNDAY AUGUST 2nd 2pm to 4pm! Here’s a sneak peek!

More info, price and LOTS of photos of 10535 Sunlit are Oakton VA 22124

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

Welcome to this beautiful, light-filled colonial on a fabulous 5 acre lot in Oakton…a peaceful and tranquil setting yet close to many amenities, great schools and major commuting routes! Along with 3 finished levels, 4 bedrooms & 3.5 baths, this property offers an open & flowing floor plan, refinished hardwood floors, 3 fireplaces, an updated eat-in kitchen, a separate dining room, a family room with vaulted ceiling, a main level office/den, and living room. Other stand out features include a stunning master suite with sitting room, updated baths, a spacious walk-out lower level, a private 2 level back deck, and a 2-car attached car garage.

Oakton Real Estate

Median Days on Market – How Fast Are Homes Selling?

Days on Market State by State March to May 2015

If you’re wondering how fast homes are selling around the United States, here’s a great infographic from Keeping Current Matters.

Whether you’re a Buyer or a Seller, it’s important to know how quickly homes are selling in your neighborhood and/or the neighborhood you want to live in.

Why?

 

 

EXPECTATIONS:

Buyers – Knowing how quickly homes are selling tells you how quickly you need to react when you see a home you love. In some markets, homes are languishing for months. While in others, they are snapped up the day they hit the market. Taking a look at median number of days on market will help set your expectations so you don’t feel pressured.

Sellers – If you’re selling a home, the median days on market will give you an idea of how long you’ll need to keep your home in “showing condition”. It’s not easy to keep your house looking like a showroom. Knowing what the median time frame is helps with expectations of how long it will take your home to sell. (And note – if you are aiming to “push” pricing past what recent comps show – you’ll likely need to add time onto this estimate, and be aware that you may actually sell for less than if you had priced to where the market is.)

PRICING:

Buyers – You can use days on market as part of the criteria for determining what price to offer. If you see a property that has been on the market for a LONG time – it’s fair to assume you may want to offer something below list price – the longer the days on market, the lower the price. But if you’re making a lowball offer on a home that just hit the market – it’s unlikely the owner will accept your offer.

Sellers – Median days on market is one criteria you should consider in your pricing strategy. If you home has been on the market longer than the median number of days – you most likely need a price adjustment. (You may need to take other action – such as repairs or staging, but it’s highly likely a price adjustment is in order as well.)

Here are some of the local stats for days on market. How fast are homes selling in:

Median days on market is just ONE of many criteria Buyers and Sellers should consider. For a personalized consultation including ALL the criteria – contact Terry Belt & The Belt Team at (703) 242-3975. We’ll help you make the RIGHT move!

2790 Fox Mill Rd Herndon VA 20171 – Listed by The Belt Team

2790 Fox Mill Rd Herndon VA 20171 has just been listed by The Belt Team! Here’s a sneak peek!

More info, price and LOTS of photos of 2790 Fox Mill Rd Herndon VA 20171

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

Welcome to this beautiful, light-filled colonial on a fabulous 5 acre lot in equestrian community…a peaceful and tranquil setting yet close to many amenities, great schools and major commuting routes! With over 5,000 square feet of space of wonderfully updated & remodeled charm on 3 finished levels, this property offers a flowing floor plan, 5 bedrooms & 4 full/2 half baths, refinished hardwood floors on the main level, 4 fireplaces, an eat-in kitchen open to the family room, a separate dining room, a main level library/office, a living room & 2nd powder room next to the laundry room. Other stand out features include a serene master suite with fireplace & access to the rear balcony, a spacious walk our lower level, a private back deck & patio, and a 2-car attached car garage.

Homes For Sale Oakton High School

10535 Sunlit Rd Oakton VA 22124 – Listed by The Belt Team

10535 Sunlit Rd Oakton VA 22124 has just been listed by The Belt Team! Here’s a sneak peek!

More info, price and LOTS of photos of 10535 Sunlit are Oakton VA 22124

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

Welcome to this beautiful, light-filled colonial on a fabulous 5 acre lot in Oakton…a peaceful and tranquil setting yet close to many amenities, great schools and major commuting routes! Along with 3 finished levels, 4 bedrooms & 3.5 baths, this property offers an open & flowing floor plan, refinished hardwood floors, 3 fireplaces, an updated eat-in kitchen, a separate dining room, a family room with vaulted ceiling, a main level office/den, and living room. Other stand out features include a stunning master suite with sitting room, updated baths, a spacious walk-out lower level, a private 2 level back deck, and a 2-car attached car garage.

Oakton Real Estate

Oakton Virginia: Buyer’s Market or Seller’s Market? How Long To Sell Your Home and Are Prices Rising?

If you’re looking to buy or sell real estate in Oakton, VA in 2015, you may be wondering how long homes are on the market, whether prices are up or down and whether it’s a Buyer’s Market or Seller’s Market.

First, let’s look at what happened in 2014:

  • Average Days on Market: 64 days (up from 52 days in 2013)
  • Average Sold Price: $701,396 (up from $679,665 in 2013)
  • Average Sold Price as % of List Price: 96.2% (down from 97.7% in 2013)
  • Percent of Homes Sold in 10 Days or Less: 30%

Now, to get an even better sense of what’s happening in the real estate market, go to our web site for up-to-date Oakton VA housing stats on the most recent month as compared to the five year average. This will indicate what the current trends are.

(Special Info For Sellers of Million Dollar Homes)

Call Terry Belt & The Belt Team at (703) 242-3975 if you would like to buy or sell in Oakton, VA.