8021 Agin Court McLean VA 22102 – Just Listed by The Belt Team

8021 Agin Court McLean VA 22102 has just been listed by The Belt Team! Here’s a sneak peek!

More info, price & additional photos of 8021 Agin Court McLean VA 22101

Call Tom Reilly & The Belt Team at (703) 629-1263 to schedule a showing!

Spacious living in the sought after McLean Hamlet neighborhood. This attractive colonial on a quiet cul-de-sac with an expansive addition features huge rooms, including two family rooms, four large bedrooms, three full bathrooms and a kitchen with newer Stainless Steel appliances. No carpeting in this home – hardwood floors and tile throughout! Ideal location near Spring Hill School, Rec Center & Metro less than one mile!

McLean Hamlet Homes For Sale

Home Prices and Interest Rates – Here’s the 411!

Wondering what’s happening with home prices and interest rates in the national real estate market? Check out this one minute video:

When you’re ready for a hyperlocal update for areas in Northern Virginia like Vienna, McLean, Oakton, Great Falls, Fairfax, Reston, Arlington, Annandale, Ashburn, Falls Church, Burke, Dunn Loring & Alexandria – contact The Belt Team at (703) 242-3975. Local numbers don’t always mirror national trends and you may even find wide variations in adjoining towns and cities in Northern VA!

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Search our State-of-the-Art Home Search Site (updated FASTER than others so you don’t lose out on homes before you know about them!)

McLean Virginia: How Long To Sell Your Home and Are Prices Rising?

If you’re looking to buy or sell real estate in McLean, VA in 2016, you may be wondering how long homes are on the market and whether prices are up or down.

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

  • Average Days on Market: 86 days (up from 64 days in 2014 and 72 days in 2013)
  • Average Sold Price: $1,004,378 (down from $1,054,174 in 2014 and $1,094,034 in 2013)
  • Average Sold Price as % of List Price: 92.3% (down from 95.7% in 2014 and 96.8% in 2013)
  • Percent of Homes Sold in 10 Days or Less: 27% (down from 35% in 2014)

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

Crystal Ball Forecast for The 2016 Northern VA Real Estate Market

Northern VA Real Estate Forecast 2016

But we’re going to do it anyway!

At this time of year, our phone starts ringing off the hook looking for our CEO, Terry Belt, asking for his forecast of what this year in real estate will hold. And while his crystal ball may be as imperfect as everyone else’s, he has weathered 28 years in the Northern VA real estate market and done it uber successfully. This brings with it a good look in the rear view window, but at the same time an ability to spot & react to trends quickly.

Realtor The Belt Team     Real Estate Predictions

Here are Terry Belt’s Top Predictions For The 2016 Northern VA Real Estate Market

  • Over all, we’ll see a good year in Northern VA. The national and local press are all telling “feel good” real estate stories and this is great as it resonates positively for consumer confidence, which is a huge factor in the market.
  • The first half of the year will bring a very healthy market. I predict the second half of the year will soften as inventory grows.
  • We will see slower appreciation than we have seen the past 5 years. Statistics for the past five years for various Northern VA markets are on our web site:

(FREE – How Much Is My Home Worth)

Wild Cards – Things To Watch: 

  • Interest rates (already up once and likely to continue rising)
  • Stock market
  • Job creation, especially locally where we are trailing the nation
  • Inventory

(Our FREE state-of-the-art buyer search site)

My Advice To 2016 Buyers & Sellers:

If you’re thinking about buying or selling a home in 2016, the absolute most important thing you can do is to make sure you have the best Realtor representing & advocating for you. There’s a lot to navigate along the way – appraisals, surveys, legal disclosures, when to sell, how to price, how to stage, what to disclose, what not to disclose, mortgage financing, how to compete and more. Every market has its own ins & outs & idiosyncrasies.

According to NAR, 90% of homes are sold by 10% of the Realtors. So my advice to clients, whether they are buying here in Northern VA or across the country in California or even across the ocean in Europe – is to make sure you work with the best. You know they’re the best when they’re in that top echelon of performers. The more transactions a team does, the more prepared they are to be your advocate and help you navigate successfully.

Buying or selling a home is often one of the biggest, if not THE biggest, financial transactions of your lifetime – not to mention the emotional importance of your home and family. Do it right!

6395 Stagg Ct Springfield, VA 22150 – Just Listed by The Belt Team (TH in Greenwood!)

6395 Stagg Ct Springfield, VA 22150 has just been listed by The Belt Team. Here’s a sneak peek!

Call Martin Bristow & The Belt Team at (703) 861-2967 to schedule a showing!

This charming, light-filled townhome is in the sought after community of Greenwood. An ideal location for commuters & close to many amenities…the Springfield Metro is a short walk away or hop on the free community shuttle! Features of this 3 bedroom/2.5 bath home include 3 finished levels, a separate dining room, kitchen with breakfast nook, a walk-out lower level with a rec room & den/office (could be used as 4th bedroom), a back deck & fenced–in lower patio, and 2 assigned parking spaces

Townhouses for sale Springfield VA

1400 Romeo Ct, McLean, VA 22102 – Just Listed by The Belt Team in McLean Hamlet

1400 Romeo Ct McLean VA 22102 has just been listed by The Belt Team. Here’s a sneak peek!

Call  Tom Reilly & The Belt Team at (703) 629-1263 to schedule a showing!

This immaculate colonial shows like a model home and has all the features buyers desire – a spacious floor plan featuring three finished levels; renovated gourmet kitchen with gas cooking, granite counters, and a butler’s pantry as a bonus; a master bedroom suite with walk-in closet and separate bath; a private rear yard with decks off the main and lower levels; sited on a quiet cul-de-sac; located in McLean Hamlet – one of the most desirable neighborhoods in McLean, served by top rated schools, and so much more!

Homes For Sale McLean Hamlet

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)

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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:

6514 Bellamine Ct McLean VA 22101- Listed by The Belt Team

6514 Bellamine Ct in McLean was just listed by Tom Reilly & The Belt Team. Here’s a sneak peek:

Price, details & LOTS more photos of 6514 Bellamine Ct McLean VA 22101

Call Tom Reilly & The Belt Team at (703) 629-1263 to schedule a showing!

Homes For Sale Langley Oaks

A fabulous custom, two level addition defines this Langley Oaks colonial! This home has been renovated and enlarged making it a must see! Along with 3 finished levels, 6 bedrooms including 1 on the main level!) & 4.5 baths, this property offers a 2-story entry foyer, hardwood floors, an amazing gourmet eat-in kitchen open to the family room with wood-burning fireplace, a separate dining room, a tucked away main level bedroom & full bath, a screened-in porch, private back deck, and a 2-car attached oversized car garage. The spacious walk-out lower level includes a rec room, a game/exercise room and the 6th bedroom with walk-in closet & full bath. Backs to mature trees on a quiet cul-de sac in a fantastic location…don’t miss this one!.

Call Tom Reilly & The Belt Team at (703) 629-1263 to schedule a showing of 6514 Bellamine Ct in McLean!

1211 Daviswood Dr McLean VA 22102 – Listed by The Belt Team & Open Sunday July 19

1211 Daviswood Dr in McLean is listed by The Belt Team and is OPEN SUNDAY, July 19 from 2-4PM.

Here’s a sneak peek:

Price, details & LOTS more photos of 1211 Daviswood Dr McLean VA 22102

Call Tom Reilly & The Belt Team at (703) 629-1263 to schedule a showing!

Beautiful all brick colonial in the sought after Summerwood neighborhood…sited on a premium lot featuring a circular driveway, mature trees, professional landscaping and a large fenced back yard.  Stand out features include an updated eat-in kitchen open to the family room with attractive gas fireplace with fieldstone hearth, a master suite with 2 full baths, custom built-in cabinetry, crown molding, main level office, updated baths, fresh paint throughout and finished lower level with new carpet.  Ideal location near Tysons Corner, the Spring Hill Rec Center, the Silver Line Metro and many other amenities & commuter options.

Home For Sale in Summerwood McLean

Call Tom Reilly & The Belt Team at (703) 629-1263 to schedule a showing!

1800 Old Meadow Rd #318 McLean VA 22102 – Listed by The Belt Team

1800 Old Meadow Rd #318 McLean VA 22102 Is listed by The Belt Team! And is OPEN SUNDAY June 28th 1-4PM. Here’s a sneak peek!

Price and LOTS more photos of 1800 Old Meadow Rd #318 McLean VA 22102

Welcome to this delightful, 2 bedroom, 2 bath condo located in Mclean. The Regency is a gated community, with many amenities & is surrounded by 11 acres of landscaped grounds. And the location…unbeatable! Minutes to the McLean Silver Line metro station, other major commuter routes and Tysons Corner. Enjoy the outdoor view from the condo of a peaceful setting of private trees & patio area, as well as the lovely hardwood floors, kitchen with granite, updated baths, and spacious balcony.

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

The Regency Condo McLean