Vienna Real Estate Stats – August 2017 Update

Let’s see what’s happening in the Vienna real estate market – here are the stats for July 2017 home sales:

  • 73 homes went under contract in Vienna. This is down 14% from the same time period in 2016.
  • 38% of the homes that sold in July 2017, sold in 10 days or less. This is way up over July 2016 market of 28%.
  • Average sold price was $836,779 (up 7% from 2016 when it was $783,914)
  • 99 homes came on the market. That’s down 15% from July 2016!
  • Homes that sold (closed) averaged 71 days on market, 10 days slower than July 2016.
  • We currently have a 2.6 month supply of homes in Vienna – and 236 Vienna homes for sale (townhouse, condo and single family).

OVERALL: Vienna is still just barely in a Seller’s Market

However, in any given price range, the numbers may skew very differently – making some price ranges a Seller’s Market, some Balanced and some a Buyer’s Market. A Balanced Market has 3-6 months of inventory. As an example – we have a 17 month supply of homes over $1.6 Million and in the under $800,000 price range – we have a 1.3 month supply. This means Buyers over $1.6 Million are looking at a serious 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 more than a third of homes selling in less than 10 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, this year The Belt Team has sold multiple Vienna homes NOT in the MLS to 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:

NOW is the time. Call Terry Belt or Kevin Kleifges Or Tom Hanton NOW at 703-242-3975 for our FREE Report “42 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.
top-realtor-vienna-oakton-va

2440 Holt St Vienna VA 22180 – Just Listed by The Belt Team – Open Sunday July 13

2440 Holt St Vienna VA 22180 was just listed by The Belt Team and will be OPEN SUNDAY July 13th from 1-4PM. Here’s a sneak peek:

This 4 BR/2.5 BA home is located on a quarter acre lot in Stonewall Manor…a fantastic Vienna location great for commuters, excellent schools and convenient to many amenities! Features include newly refinished hardwood floors on the main level, eat-in kitchen with large bay window, separate dining area, family room with wall-to-wall carpeting, a brick fireplace with raised hearth & built-ins, and a master bedroom with attached bath. Outdoor spaces include a side deck and back brick patio off of the lower level.

Price and LOTS more photos of 2440 Holt St Vienna VA 22180

Call Tom Hanton & The Belt Team at (703) 283-6418 to schedule a showing!

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.)

Homes for Sale Near Dunn Loring Metro

 

Homes for Sale Near Dunn Loring Metro

Homes for Sale Near Dunn Loring Metro

WHat Is My Home Worth

Terry Belt & The Belt Team Named To Washingtonian’s Top Real Estate Agent List

The Belt Team is honored to announce that we have once again been named to Washingtonian Magazines “Top Real Estate Agent List” in the 2017 “Best of Washington” issue. Only about 100 agents in the entire Northern VA, Washington D.C. & Maryland area (out of tens of thousands) were listed (and a large number of those were in our own Keller Williams McLean office!). Thanks to all of our clients and friends for allowing us to serve you and for your referrals!

In case you’re wondering how they came up with the list, here’s what the magazine said previously: ” We sent surveys to nearly 16,000 recent Washington homebuyers asking them to rank their agents on a series of criteria, including integrity, market knowledge, and negotiation skills. We called mortgage brokers and settlement attorneys to ask whom they most enjoy doing business with and whose clients always seem happiest. And of course, we asked dozens of agents to dish about their peers. Based on these layers of reporting, we came up with the names.

The Belt Team includes Terry Belt (CEO), Gail Belt (Founding Partner), Kevin Kleifges (Listing Specialist), Beth Dadisman (Realtor), Tom Hanton (Realtor), Christy Grossman (Chief Operating Officer), Jerry Belt (Special Services) & Patty Schuebel (Client Care Manager).

Best of WashingtonianThe Belt Team serves all of Northern Virginia and Washington DC. We have sold more homes in the Vienna Oakton area than any other Realtor or team since 1973, and we also sell more homes outside of Vienna / Oakton than we do in! The Belt Team Team is ranked in the Top 3000 Teams for the largest real estate company by agent count in the world – Keller Williams Realty, with over 140,000 agents. And we are most proud of the Five Star reviews given to us by our past clients on independent real estate site Zillow.com because the reviews reflect that we are achieving our mission: “Changing Lives For The Better“!

If it’s time to change YOUR life, call Terry Belt & The Belt Team at (703) 242-3975!

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Top Realtor Vienna VA

2776 Chain Bridge Rd Vienna VA 22181 – Listed by The Belt Team – Open Aug 5th & 6th!

2776 Chain Bridge Rd Vienna VA 22181 is listed by The Belt Team and is OPEN SATURDAY 8/5 12-3pm & SUNDAY 8/6 1-3PM. YOU’VE DRIVEN BY A MILLION TIMES! DON’T MISS THESE OPPORTUNITIES TO SEE INSIDE! Here’s a sneak peek:

Price and LOTS more photos of 2776 Chain Bridge Rd Vienna VA 22181

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

Completely renovated & expanded 1925 manor house in the heart of Vienna…truly a one of a kind gem! This 5,900 sq ft home has 5 bedrooms, 4.5 baths, dramatic moldings & architectural details, two stunning owners suites w/private verandas (perfect in-law suite!), 5 fireplaces, heated floors, a gourmet kitchen & much more. Spectacular outdoor living & rec spaces. A rare opportunity to own this special property!

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

 

 

 

 

Luxury Homes For Sale 22181 Luxury Homes For Sale 22181 Luxury Homes For Sale 22181 Luxury Homes For Sale 22181 Luxury Homes For Sale 22181

9986 Capperton Dr, Oakton, VA 22124 – Listed by The Belt Team & OPEN SUNDAY JULY 30

9986 Capperton Dr, Oakton, VA 22124 –  listed by The Belt Team and is OPEN SUNDAY, JULY 30 1-4 PM.  Here’s a sneak peek:

Price and LOTS more photos of 9986 Capperton Dr, Oakton, VA 22124

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

Welcome to this beautiful Oakton townhome approximately 1 mile from the Vienna Metro! This 3BR/2 full & 2 half BA home features an open floor plan, light-filled kitchen with bay window, moldings, pillars & other interesting architectural touches, new carpet & paint, updated baths, a wood-burning fireplace, lower level family room with built-ins, back deck and a stone patio. Great for commuters and minutes to the heart of “downtown” Vienna, Oakton, Tysons Corner and more!

Townhouse for Sale Near Vienna Metro

Townhouse for Sale Near Vienna Metro

Townhouse for Sale Near Vienna Metro

For more questions, a specific update on YOUR neighborhood, or a FREE Buyer or Seller Consultation. – call Kevin Kleifges Belt & The Belt Team at (703) 242-3975.

WHat Is My Home Worth

 

 

 

 

1871 Beulah Rd Vienna VA 22182 – Listed by The Belt Team – Open July 30

1871 Beulah Rd Vienna VA 22182 –  is listed by The Belt Team and is OPEN SUNDAY, July 30 from 1-3:30 PM.  Here’s a sneak peek:

Price and LOTS more photos of 1871 Beulah Rd Vienna VA 22182

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

Another stunning new custom home from Dominion Associates on a lovely 1/2 acre lot with walkout lower level to private backyard.  6 bedrooms, 5.5 baths, top quality design & finishes, architectural moldings, open floor plan, gourmet eat-in kitchen, large master suite, finished lower level with 6th bedroom & bar, large 3 car garage & more! Hardiplank, stone, front porch & back deck. Fabulous location, walking distance to Wolftrap Elementary School!

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.)

New Homes For Sale Vienna VA

WHat Is My Home Worth

 

 

 

U.S. Housing Inventory Hits a New Low – That’s GREAT! (If You’re Selling!)

Here’s the latest from our colleagues at Keeping Current Matters.
For info about YOUR neighborhood (or the neighborhood you want to live in), give The Belt Team a call at (703) 242-3975. We can provide you with detailed facts PLUS the “boots on the ground” data that will help you make the RIGHT move! Because what’s happening in Vienna may be different than in Arlington. Even more important is price range – because we are seeing a slowing in the upper ranges, while other price ranges remain HOT!
U.S. Housing Inventory Hits a New Low… List Your House TODAY! | MyKCM

Every summer, families across the country decide if this will be the year they sell their current house and move into their dream home.

Mortgage rates have hovered around 4% for all of 2017, forcing buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!! At the same time, inventory levels of homes for sale have dropped dramatically as compared to this time last year.

Trulia reported that “U.S. home inventory has tumbled 8.9% over the past year and has now fallen for nine consecutive quarters.” There is now 20% less inventory than there was five years ago.

Here is a chart showing the decrease in inventory levels by category:

U.S. Housing Inventory Hits a New Low… List Your House TODAY! | MyKCM

Bottom Line

Demand for your home is very strong right now while your competition (other homes for sale) is at a historically low level. If you are thinking of selling in 2017, now may be the perfect time.

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Search Homes For Sale on our State-of-the-Art Search Site (It’s updated faster and more often than other sites!)

Top Realtor Vienna VA