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

Open Houses: Oakton, Fairfax, Burke & Vienna – Oct 12th

We have a great variety of open houses for you this weekend – several of which have NEVER been held open before! Stop in and you just might find your dream home!

2407 Oakmont Ct in Oakton ~ List Price: $1,495,000 – Open Sunday 2-4PM

(Just reduced $200,000 and this will be the first time open!)

Exquisite four sides brick, expansive home on 1.7 spectacular acres in close-in Oakton. Full of amazing surprises like a fabulous master suite with spiral staircase to exercise area and sauna!

More info, directions & photos for 2407 Oakmont Ct

Search Oakton Homes For Sale $1,250,000 to $1,500,000

Search Oakton Homes For Sale $1,500,000 to $1,750,000

Luxury Home For Sale in Oakton

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

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2408 Stryker Avenue in Vienna ~ List Price: $1,275,000 – OPEN SUNDAY 1-4PM

(First time open!)

Three finished levels on a premium 1/2 acre lot in one of Vienna’s close-in hidden treasure enclaves. Approximately 5,000 finished sq ft – exquisitely maintained, beautifully landscaped & full of lovely architectural details.

More info, directions & photos for 2408 Stryker Avenue in Vienna

Search Vienna Homes For Sale $1,000,000 to $1,250,000

Search Vienna Homes For Sale $1,250,000 to $1,500,000

Vienna Luxury Home For Sale

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

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8886 Olive Mae Circle in Fairfax ~ List Price: $875,000 – OPEN SUNDAY 1-4PM

Beautiful “English” Armistead model built by Basheer & Edgemoore! Elevator for easy access to 4 finished levels including a walkout lower level with rec room & full bath, plus upper level loft with its own bedroom, bath & terrace (great guest suite!).  Hardwood floors throughout the main level.  2-sided fireplaces in the living & dining rooms & in the master suite.  Sunny kitchen with breakfast nook & stainless steel appliances and granite countertops.  Just minutes from Metro & the Mosaic District!

More info, directions & photos for 8886 Olive Mae Circle in Fairfax

Search Fairfax Homes For Sale $800,000 to $900,000

Search Fairfax Homes For Sale $900,000 to $1,000,000

Homes For Sale Near Vienna MetroCall Terry Belt & The Belt Team at (703) 242-3975 to schedule a showing.

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5314 Renaissance Ct in Burke ~ List Price: $749,999 – OPEN SUNDAY 1-4PM

Everything you’re looking for in Burke’s sought after Signal Hill! Three finished levels on a cul-de-sac backing to trees! A delightful sunroom, two fireplaces, hardwood floors, granite kitchen & more!

More information, price and additional photos of 5314 Renaissance Ct in Burke

Search Burke Homes For Sale $700,000 to $800,000

 

Home For Sale Signal Hill Burke VA

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

 

Just Listed: Luxury Home in Oakton on Almost A Full Acre

2938 Fox Mill Manor Drive in Oakton

Beautiful brick front colonial on gorgeous almost acre lot in wonderful Oakton location! Super floor plan. Spacious gourmet kitchen & sun splashed morning room open to family room with vaulted ceiling & gas fireplace and walk out to fantastic private rear deck/patio with fire pit. Four bedrooms up includeing a tray ceiling master suite & 2nd master with private bath. Large finished lower level and 3 car garage!

Luxury Home For Sale in Oakton

Price & more information about 2938 Fox Mill Manor Drive in Oakton

Search Homes For Sale in Oakton $900,000 to $1,100,000

Search Homes For Sale in Oakton $1,100,000 to $1,300,000

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

Best Real Estate Agents in Vienna  Oakton

 

Press Release: Belt Team Outpaces All Realtors in Vienna – Oakton Area

MCLEAN, VA (February 24, 2014)

Top Realtors Vienna Oakton

Year-end statistics are complete and once again in 2013, The Belt Team sold more homes in the Vienna-Oakton area than any other Realtor or team. This is the fifth year in a row and quite an achievement since there are almost 10,000 Realtors in the Northern Virginia Association of Realtors (NVAR). In addition, The Belt Team’s resale listings sold faster and for more money than average.

Over the past 5 years, The Belt Team sold 266 homes in the Vienna-Oakton area, almost twice as many homes as the next top Realtor or team. (As a comparison, the “average agent” in Northern VA only sold 5 homes through all of 2013, and that was in the entire region.) More importantly, The Belt Team’s resale listings sold faster and for more money than average.

The Belt Team’s listings averaged only 6 days on the market; while the next top agents’ listings averaged 56-112 days on market. In addition, Belt Team resale listings sold for 4-5% more than the other top agents. On an $850,000 home, this could represent a savings to the seller of $42,500.

Terry Belt, CEO of The Belt Team commented “Although we sell as many homes outside the Vienna-Oakton area as we do inside, we especially love working in our own backyard. Many of our team members have lived in Vienna for years. My sister (Christy Belt Grossman, Chief Operating Officer, The Belt Team) & I grew up in Vienna, have lived here since 1972 and are now raising our families in Vienna. It seems like yesterday that I was the Vice President of the student body at Wolftrap Elementary School. My partner Kevin Kleifges has also lived in Vienna since he was a child. We know the schools, the parks, the ballfields, the swim clubs, the riding rings. the commuter short cuts, the shop owners, the history and all the things that make Vienna & Oakton a most special place to live. Not only do we sell homes there, but with genuine enthusiasm & experience, we sell the entire community.”

Christy Belt Grossman added, “There’s really no place like the Oakton-Vienna area. I love driving through Oakton’s horse country with so much natural beauty. And Vienna is truly a unique community with a winning combination of small town charm and big city convenience. But it’s the people who live here that are the magic intangible that makes Vienna & Oakton stand out. I loved it as a child and love it even more as a parent and empty nester. We’re humbled to have been able to help so many Vienna-Oakton families again this year.”

(Statistics provided per MRIS on 2/1/14.)

I Want To Sell My Home

I Want To Buy A Home

About The Belt Team:

The Belt Team’s mission is “Changing Lives For The Better“. The Belt Team includes Terry Belt (CEO), Gail Belt (Founding Partner), Kevin Kleifges (Listing Specialist), Tom Reilly (Lead Buyer Specialist), Beth Dadisman (Showing Partner), Christy Grossman (Chief Operating Officer), Jerry Belt (Special Services) & Patty Schuebel (Client Care Manager).  The Belt Team serves all of Northern Virginia and specializes in Vienna and Oakton where it has sold more homes than any other Realtor or team since 1973. The team is ranked by Wall Street Journal as a Top Ten Team in the State of Virginia (out of 30,000 Realtors) and a Top 250 Real Estate Team in the United States (out of more than 1.2 million Realtors). For more information, please visit http://www.TheBeltTeam.com  Phone: 703-242-3975 Email The Belt Team

About Keller Williams Realty:

Keller Williams Realty is the largest real estate franchise company in North America, with approximately 700 offices and 90,000 associates throughout the world. The Belt Team is affiliated with the Keller Williams McLean office – one of the top offices in the entire country. For more information, contact Team Leader, Amina Basic: (703) 636-7300.

Vienna & Oakton Real Estate Stats

Wondering what’s been happening in the Vienna & Oakton real estate markets over the past week?

Well . . .

  • Vienna inventory is at its highest point in 2013. (There are 151 homes on the market.) BUT – homes are still selling quickly. Last week 56% of the homes that went under contract sold in a week or less. AND there is less than a 3 month supply of housing. (That means we’re STILL in a borderline Seller’s Market.)
  • Oakton inventory is right about what we saw in the May/June market. There are 84 homes for sale in Oakton today. Homes are moving a little slower there, but still moving at a good pace. Last week, 29% of the homes that went under contract sold in a week or less, and 43% sold in two weeks or less. Based on the past 30 days, there is exactly a 3 month supply of housing.

BUYERS – You still have time to find that dream home and move in in time for the holidays! Don’t miss the opportunity to toast to the new year in your new home! One thing you can do to make this happen is to make sure you are using a web site to search homes that is updated constantly (as opposed to daily or even several times a day). Not doing so may mean you miss out on that PERFECT property you have been waiting for. (The Belt Team just launched a brand new, FREE, state-of-the-art Northern Virginia real estate search site and we’re getting great feedback from our buyers. You might want to test it out!)

Search Northern VA Homes For Sale

SELLERS – Based on the traffic we are seeing at open houses, the buyer traffic on our web site and how quickly our listings are selling – we believe there is a ton of pent up demand. Our advise is to position yourself to sell earlier rather than later when there is more competition. (Call 703-242-3975 for info about our offer for a FREE consultation with our professional stager and be ready to hit the market in January!)

Here are this week’s stats:

Vienna Real Estate (22180,22181, 22182):

Search Homes For Sale in Vienna

  • Number of Contracts: 9
  • Average Days on Market for Active Listings: 114 days
  • Average Days on Market for Listings That Went Under Contract: 20 days
  • Inventory: 151 homes on the market
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 2.2 months
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 2.6 months

Oakton Real Estate (22124):

Search Homes For Sale in Oakton

  • Number of Contracts: 7
  • Average Days on Market for Active Listings: 107 days
  • Average Days on Market for Listings That Went Under Contract: 76 days
  • Inventory: 84 homes on the market
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 3.3 months
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 3.0 months

Our mission is “Changing Lives For The Better – One Family At A Time!” How Can We Help YOU?!