Real Estate and Reston, VA: Virginia: Reston: Hunters Woods

Sales in the Hunters Woods section of Reston, Virginia continued briskly with more units sold in July 2009 than July 2008. Below are the statistics comparing sales from last July to this July for both number of units sold and the average net price (price less seller incentives).

Number of Detached Homes Sold From 7/1/08-7/31/08:      10
Average Net Price in 2008: $    648,227
Number of Detached Homes Sold From 7/1/09-7/31/09:     14
Average Net Price in 2009:   $   496,309
Percentage Price Change:      -23% *                 

* One factor contributing to this downturn in average net price was the sale of a lake front home in July 2008 for $1,250,000 with a seller contribution of $2,727.50. The highest priced detached home sold in July of 2009 was $718,000 with no seller contribution. If that house is removed, the Average Net price is: $581,667 and the percentage change is: -10%, which is more in line with the change in single family homes in other areas of Northern Virginia.

Number of Townhouses Sold From 7/1/08-7/31/08:    23
Average Net Price in 2008:  $  333,507
Number of Townhouses Sold From 7/1/09-7/31/09:     30
Average Net Price in 2009:    $  $354,303 
Percentage Price Change:   +6%

Number of Condominiums Sold From 7/1/08-7/31/08:     19
Average Net Price in 2008:  $  $204,258 
Number of  Condominiums Sold From 7/1/09-7/31/09:   19
Average Net Price in 2009:    $    $159,990
Percentage Price Change:     -21%

Total properties (all 3 types) sold in July of 2008:   52
Total properties (all 3 types) sold in July of 2009:   63
Percentage change in numbers sold:            +21%        

The number  of condominiums sold in the Hunters Woods section  remained steady while the prices decreased significantly.    There was a comparable decrease in the average net price (sales price less seller incentives or contribution) for detached homes and an 40% increase in the number of units sold. Like other sections of Reston, the greatest demand was for mid-priced homes which resulted in a 30% increase in the number of townhouses sold and an increase in the average net price of 6% from July of 2008.

Buyer demand for townhouses in Hunters Woods was clearly driving the significant improvement in total number of units sold in this area in July 2009. This demand is likely driven by the government incentives for First Time Buyers and the favorable interest rates.

Across all areas in Reston, an increase has been seen in the number of townhouses sold. In Hunters Woods and Northpoint, there as been an increase in the average net sales price while Lake Anne has seen a decrease.  Keep in mind that since in many cases the numbers of units sold is relatively small, a very high or very low price can have a big impact on the average price.

For more information about sales in the Lake Anne section of Reston:Market Update, Lake Anne July 2009

For more information about sales in the North Point section of Reston:Market Update, North Point July 2009

Despite what you hear in the press, I found this to be a very busy Spring.  Looking at the statistics from the Hunters Woods area, it appears that there were many other people who were also busy!

Number of Detached Homes Sold From 4/1/08-6/30/08:  32
Average Net Price in 2008:  $536,260
Number of Detached Homes Sold From 4/1/09-6/30/09:  43
Average Net Price in 2009:   $522,949
Percentage Price Change: -2.5%

Number of Townhouses Sold From 4/1/08-6/30/08:  51 
Average Net Price in 2008:  $341,054
Number of Townhouses Sold From 4/1/09-6/30/09:   73
Average Net Price in 2009:    $309,773
Percentage Price Change: -9%

Number of Condominiums Sold From 4/1/08-6/30/08: 32
Average Net Price in 2008:  $195,774
Number of  Condominiums Sold From 4/1/09-6/30/09:  34
Average Net Price in 2009:    $200,921
Percentage Price Change:  +2%

30% more units were sold in 2009 than in 2008 across all housing types in the 20191 zip code.  In the Detached Home segment, there was an increase in the number of units sold with a minor decrease in price. There was a significant jump in the number of Townhouses sold which can most likely be attributed to the decrease in prices.  The Condominium market stayed fairly stable with a minor price increase and roughly the same number of units sold in each year.

*data from MRIS

If you are interested in buying or selling a home in Hunters Woods, I would be happy to meet with you and discuss how these numbers will impact your investment. My direct line is 571-643-4902.

In 2008 there were a total of 447 units (detached, townhouse and condominium) of real estate sold in Hunters Woods, Reston, Virginia (zip code 20191).

The highest priced unit was a detached house that sold for $1,250,000. The lease expensive unit was a condominium that sold for $88,460.

Detached Homes 2008   
Total Sold:    116
Price Range: $189,000-$1,250,000

Townhouses 2008
Total Sold:    205
Price Range $120,000-$990,000

Condominiums 2008
Total Sold: 126
Price Range: $88,460-$360,000

For comparison purposes, in 2007 there were a total of 528 units sold in the 20191 zip code. The most expensive was detached home  at  $1,900,000 and

the least expensive was a condominium at $109,000.

Detached Homes 2007   
Total Sold:    129
Price Range: $236,000-$1,900,000

Townhouses 2007
Total Sold:    257
Price Range $165,375-$1,050,000

Condominiums 2007
Total Sold: 142
Price Range: $109,000-$399,900

If you would like further information about properties available in the 20191 zip code or if I can help you price and sell your property in Hunters Woods,

please let me know how I can assist you.  I am available by phone at 571-643-4902 or by email at hollyweatherwax@mris.com

All information was taken 1/1/08 from MRIS and is believed, but not guaranteed, to be reliable.

Total Listings Sold to date  in 2008:  268        
Price range of all properties sold to date in 2008:  $110,000-$1,250,000

Detached Homes, Active :  39         $210,000-$$1,230,000
Detached Homes, under Contract:  14  $232,500-$649,900
Detached Homes, Sold since 6/1/08: 28  $365,000-$1,250,000

Townhouses, Active:    75      $ 130,000-$1,190,000
Townhouses, under Contract:   42  $142,900-$749,500
Townhouses, Sold since 6/1/08:   43 $149,000-$990,000

Condominiums, Active:   56   $110,000-$525,000
Condominiums, under Contract:   17 $109,900- $309,900
Condominiums, Sold since 6/1/08:  34  $110,000-$360,000

Current Number of Listings:   172*
Price Range:    $110,000-$1,230,000

*This number may include listings that cannot be classified as detached home, townhouse or condominium

Reston, Virginia is a planned community located in Fairfax County, Virginia. It is a suburb of Washington D.C. and is commonly included in the statistics for the Washington D.C. Metropolitan Area.  There are many types of housing available in Reston.  The price ranges that you see include condominiums, townhouses and detached homes.  Reston's location (close to Tysons Corner, The Dulles Corridor, The Pentagon and 20 miles outside of Washington D.C.) contribute to its appeal to people in all income brackets and all types of professions..  The community boasts amenities that are available to all members of the Reston Association (mandatory for all homes within the incorporated part of Reston) such as Pools, Tennis Courts, Jogging and Walking Paths, Community Centers, playgrounds, parks and open spaces.
The price ranges that you see include condominiums, townhouses and detached homes.  Reston's location (close to Tysons Corner, The Dulles Corridor, The Pentagon and 20 miles outside of Washington D.C.) contribute to its appeal to people in all income brackets and all types of professions..  The community boasts amenities that are available to all members of the Reston Association (mandatory for all homes within the incorporated part of Reston) such as Pools, Tennis Courts, Jogging and Walking Paths, Community Centers, playgrounds, parks and open spaces.
If you would like to learn more about Reston, Virginia, I would be happy to talk to you further about the variety of housing that is available in, and around, Reston.

This information is from the Metropolitan Regional Information System and is deemed reliable.

Total Listings Sold to date  in 2008:  161*
Price range of all properties sold to date in 2008:  $112,000-$815,000

Detached Homes, Active :  43
Detached Homes, under Contract:  27
Detached Homes, Sold since 5/1/08:  11

Townhouses, Active:    101
Townhouses, under Contract:   32
Townhouses, Sold since 5/1/08:   19

Condominiums, Active:   81
Condominiums, under Contract:   18
Condominiums, Sold since 5/1/08:  10

Current Number of Listings:   225*
Price Range:    $113,000 to $1,390,000

*This number may include listings that cannot be classified as detached home, townhouse or condominium

Futher information about sales and listing figures can be found at the following links:

http://www.activerain.com/blogsview/501808/April-Sales-Listing-Figures

http://www.activerain.com/blogsview/430499/Reston-Virginia-Hunters-Woods

Reston, Virginia is a planned community located in Fairfax County, Virginia. It is a suburb of Washington D.C. and is commonly included in the statistics for the Washington D.C. Metropolitan Area.  There are many types of housing available in Reston.  The price ranges that you see include condominiums, townhouses and detached homes.  Reston's location (close to Tysons Corner, The Dulles Corridor, The Pentagon and 20 miles outside of Washington D.C.) contribute to its appeal to people in all income brackets and all types of professions..  The community boasts amenities that are available to all members of the Reston Association (mandatory for all homes within the incorporated part of Reston) such as Pools, Tennis Courts, Jogging and Walking Paths, Community Centers, playgrounds, parks and open spaces.
The price ranges that you see include condominiums, townhouses and detached homes.  Reston's location (close to Tysons Corner, The Dulles Corridor, The Pentagon and 20 miles outside of Washington D.C.) contribute to its appeal to people in all income brackets and all types of professions..  The community boasts amenities that are available to all members of the Reston Association (mandatory for all homes within the incorporated part of Reston) such as Pools, Tennis Courts, Jogging and Walking Paths, Community Centers, playgrounds, parks and open spaces.
If you would like to learn more about Reston, Virginia, I would be happy to talk to you further about the variety of housing that is available in, and around, Reston.

This information is from the Metropolitan Regional Information System and is deemed reliable.

Total Listings Sold to date  in 2008:  120*
Price range of all properties sold to date in 2008:  $157,000-$815,000

Detached Homes, Active :  51
Detached Homes, under Contract:  18
Detached Homes, Sold since 4/1/08:  8

Townhouses, Active:    101
Townhouses, under Contract:   34
Townhouses, Sold since 4/1/08:   12

Condominiums, Active:   80
Condominiums, under Contract:   16
Condominiums, Sold since 4/1/08:  6

Current Number of Listings:   232*
Price Range:    $118,500 to $1,490,000

*This number may include listings that cannot be classified as detached home, townhouse or condominium

Reston, Virginia is a planned community located in Fairfax County, Virginia. It is a suburb of Washington D.C. and is commonly included in the statistics for the Washington D.C. Metropolitan Area.  There are many types of housing available in Reston.  The price ranges that you see include condominiums, townhouses and detached homes.  Reston's location (close to Tysons Corner, The Dulles Corridor, The Pentagon and 20 miles outside of Washington D.C.) contribute to its appeal to people in all income brackets and all types of professions.  The community boasts amenities that are available to all members of the Reston Association (mandatory for all homes within the incorporated part of Reston) such as Pools, Tennis Courts, Jogging and Walking Paths, Community Centers, playgrounds, parks and open spaces.

If you would like to learn more about Reston, Virginia, I would be happy to talk to you further about the variety of housing that is available in, and around, Reston.

This information is from the Metropolitan Regional Information System and is deemed reliable.

Here is a summary of the market conditons in the Hunters Woods Village area of Reston (zip code, 20191).  These statistics were valid as of 3/19/08. 

Homes Sold in Hunters Woods

Total Listings Sold in 2008:                 65

Detached Homes Sold in 2008:            28

Townhouses Sold in 2008:                  20

Condominiums Sold in 2008:              17

Homes Currently for Sale in Hunters Woods

Price range of all properties sold to date in 2008: $189,500-$1,080,000

Current Number of Listings:                 220

Price Range:                                     $125,000 to $1,490,000

Reston, Virginia is a planned community located in Fairfax County, Virginia. It is a suburb of Washington D.C. and is commonly included in the statistics for the Washington D.C. Metropolitan Area.  There are many types of housing available in Reston.  The price ranges that you see include condominiums, townhouses and detached homes.  Reston's location (close to Tysons Corner, The Dulles Corridor, The Pentagon and 20 miles outside of Washington D.C.) contribute to its appeal to people in all income brackets and all types of professions. The community boasts amenities that are available to all members of the Reston Association (mandatory for all homes within the incorporated part of Reston) such as Pools, Tennis Courts, Jogging and Walking Paths, Community Centers, playgrounds, parks and open spaces.

If you would like to learn more about Reston, Virginia, I would be happy to talk to you further about the variety of housing that is available in, and around, Reston.