Real Estate and Reston, VA: Virginia: Reston: North Point

Sales in the North Point section of Reston, Virginia continued briskly in July, with more homes closing this year than last in all categories except detached homes. 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:     6
Average Net Price in 2008: $   797,367
Number of Detached Homes Sold From 7/1/09-7/31/09:    4
Average Net Price in 2009:   $   747,063
Percentage Price Change:    -6%

Number of Townhouses Sold From 7/1/08-7/31/08:   9
Average Net Price in 2008:  $  419,862

Number of Townhouses Sold From 7/1/09-7/31/09:    18
Average Net Price in 2009:    $   $434,744
Percentage Price Change:  + 3%

Number of Condominiums Sold From 7/1/08-7/31/08:    2
Average Net Price in 2008:  $   245,000 and 250,000
Number of  Condominiums Sold From 7/1/09-7/31/09:  6 
Average Net Price in 2009:    $   $231,257
Percentage Price Change:    -6%

Total properties (all 3 types) sold in July of 2008:  17
Total properties (all 3 types) sold in July of 2009:  28
Percentage change in numbers sold:               +39%      

The sales of condominiums  in the North Point section  of Reston, Virginia reflect a real estate trend that is being reported in other areas: while sales are going up, prices are going down.   There was a 100% increase in the number of townhouses sold with a slight price increase. Slightly fewer detached homes sold in July and for those sold there was a decrease in the average net price comparable to that seen in the condominium market.

Buyer demand for townhouses in North Point 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 of Reston, an increase has been seen in the number of townhouses sold. In Hunters Woods and North Point, 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 Hunters Woods section of Reston: Market Report Hunters Woods July 2009

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

Despite what you hear in the press, I found this to be a very busy Spring.  In looking at the numbers of detached Single Family Homes sold in North Point between this year and the same time last year, I was not the only one who was busy.

Number of Detached Homes Sold From 4/1/08-6/30/08:   22
Average Net Price in 2008: $888,889
Number of Detached Homes Sold From 4/1/09-6/30/09:  35
Average Net Price in 2009:   $829,117
Percentage Price Change: -6.7%

Number of Townhouses Sold From 4/1/08-6/30/08:    47
Average Net Price in 2008:  $427,203
Number of Townhouses Sold From 4/1/09-6/30/09:   36
Average Net Price in 2009:    $430,039
Percentage Price Change: +  less than 1%

Number of Condominiums Sold From 4/1/08-6/30/08:   7
Average Net Price in 2008:  $276,227
Number of  Condominiums Sold From 4/1/09-6/30/09:   7
Average Net Price in 2009:    $271,006
Percentage Price Change:  -2%

The net of this is that we have seen increased purchasing power in the detached homes; more sold than last year and at lower prices. In the townhouse market we saw fewer sold than last year, but the prices remained steady.  In the condominium market, the number of units sold remained the same with a minimal price drop. Looking at the total number of units sold, across all housing types, the numbers are almost constant from 2008 to 2009.

*This data was gathered from MRIS

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

Beautiful Home in Gorgeous Neighborhood

5 Bedrooms, 4.5 Bathrooms          FX7034964                                   $1,050,000

Spacious and elegant…this is the home you have been waiting for! Located on a premier cul-de-sac lot in a sought after North Reston location, this 5 bedroom, 4.5 bath beauty features fresh paint,  beautifully re-finished hardwood floors and brand new carpet. The living space you crave runs along the back of the house with kitchen, breakfast room and family room opening on to a deck that runs the length of the house.

Set back from the road on a high point in the neighborhood, this ½ acre+ lot features both mature trees and open space. Generously sized rooms with high ceilings throughout.  Great lower level bonus room can be used as an art studio, office or playroom. Walk-out basement and side-load 3 car garage. This house is a dream and ready for you to move in!

Click here for a virtual Tour 11405 Towering Oak Way in Reston, VA.

Click here for on-line floor plans linked to photos

For more information, email Holly Weatherwax, Momentum Realty, hollyweatherwax@mris.com.

11573 Greenwich Point Road, Reston, VA 20194, MLS #FX6982059

Please come by and see this beautiful lakefront property in Reston. Located in the North Point section of Reston, close to commuter routes, bus routes, shopping, pools, parks and schools, this home features amazing views of Lake Newport from virtually every room in the house!

This functional and flexible floor plan boasts 5 Bedrooms, 4 full baths and one half bath.

More information about the house can be found at: 11573 Greenwich Point Rd., Reston, VA 20194.

For interactive floor plans of this home:  www.drawmyhome.com/11573greenwich. 

To see a virtual tour: http://www.alookinsidetours.com/11573g.html

Look how beautiful the views from the property are:

The Open House will be held on Sunday, March 22,  from 1 to 4 pm. This property is offered at $1,072,000.

For more information about this property contact Holly Weatherwax, at 571-643-4902 or hollyweatherwax@mris.com.

Call me a small town girl, but I live in the same town (place) where I grew up. I always swore that I would not do that, but here I am and I could not be happier.

I was 7 years old when we moved to Reston, Virginia.  As a second grader, I was oblivious to the community and what a special place the planned community of Reston was.  Growing up, I participated in all that Reston had to offer--swim team, soccer, Art Festivals, Community Theater, Concerts and more.  I did not know that this was any different than any other suburb.

My husband loves to tell the story about when we were looking for a house, I said I would live anywhere but Reston. Of course, you know how that story ends. We bought our first townhouse in Reston in 1987 and here we are 22 years later!

There is no question that Reston is a very different place than it was then. But what I find remains the same is the overwhelming sense of community.  I regularly see friends that I met when my oldest was in pre-school (she is now a college student). My kids go to school with friends they have known their whole lives. We are still friends with our very first next door neighbors and have collected friends from each of the neighborhoods in which we have lived (all within a 2 mile radius).

I often hear people complain that there is no longer a sense of community in our world today.  While I can't speak for other places, I can tell you that the sense of community is alive and well in Reston,VA!

Lake Front Living AND Convenience....

5 Bedrooms, 4.5 Baths     Built in 1991          $1,000,000

This dramatic CP1 contemporary with gorgeous views of Lake Newport in Reston, VA will feel instantly feel like home. Located in the sought after North Point area of Reston, this beautiful home is within walking disance of shopping, parks, pools and more. With lake views from virtually every room in the house and a flexible, yet functional, floor plan, this house was designed with your lifestyle--or the lifestyle you dream of-- in mind!

MLS FX6982059             Click HERE for more details

In 2008 there were a total of 183 units (detached, townhouse and condominium) of real estate sold in North Point, Reston, Virginia (zip code 20194). The highest priced unit was a detached house that sold for $1,550,000. The lease expensive unit was a condominium that sold for $180,000.

Detached Homes 2008   
Total Sold:    66
Price Range: $500,000-$1,550,000

Townhouses 2008
Total Sold:    96
Price Range $225,600-$710,000

Condominiums 2008
Total Sold: 21
Price Range: $180,000-$350,000

For comparison purposes, in 2007 there were a total of 279 units sold in the 20194 zip code. The most expensive was detached house at  $1,580,000 and the least expensive was a condominium at $199,900.

Detached Homes 2007   
Total Sold:    86
Price Range: $440,000-$1,580,000

Townhouses 2007
Total Sold:    150
Price Range $265,000-$660,000

Condominiums 2007
Total Sold: 43
Price Range: $199,900-$547,812

If you would like further information about properties available in the 20194 zip code or if I can help you price and sell your property in that area, 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.

Last Friday I went out and took some photos of areas around Reston. These are some shots taken by Lake Newport in the area called North Point (also referred to as North Reston).  There are homes that surround the lake, but there is a path that goes around the lake for the enjoyment of all.  This part of the path is around the lake, although parts of it wind in to the surrounding neighborhoods before returning lake-side.

If waterfront living is something that interests you, there are currently two waterfront properties available, both are single family, detached home. One is listed at $1,199,500 and the second is listed at $1,295,000.

Total Listings Sold to date  in 2008:  133        
Price range of all properties sold to date in 2008:  $180,000-$1,550,000

Detached Homes, Active :  33         $550,000-$$1,499,000
Detached Homes, under Contract:  8 $675,000-$$1,450,000
Detached Homes, Sold since 6/1/08: 19  $500,000-$1,550,000

Townhouses, Active:    36      $ 250,000-$684,900
Townhouses, under Contract:   10  $234,900-$600,000
Townhouses, Sold since 6/1/08:   22 $250,000-$645,000

Condominiums, Active:   14   $214,900-$399,900
Condominiums, under Contract:   2 $310,000 & $374,900
Condominiums, Sold since 6/1/08:  3  $245,000-$318,000

Current Number of Listings:   84*
Price Range:    $214,900-$1,499,000

*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:  88*
Price range of all properties sold to date in 2008:  $180,000-1,550,000

Detached Homes, Active :  42
Detached Homes, under Contract:  15
Detached Homes, Sold since 5/1/08:  9

Townhouses, Active:    35
Townhouses, under Contract:   14
Townhouses, Sold since 5/1/08:   17

Condominiums, Active:   15
Condominiums, under Contract:   1
Condominiums, Sold since 5/1/08:  3

Current Number of Listings:   93*
Price Range:    $199,900 to $1,499,500

*This number may include listings that cannot be classified as detached home, townhouse or condominium. This information is reliable as of 6/08/08.

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

http://www.activerain.com/blogsview/501826/April-Sales-Listing-Figures

http://www.activerain.com/blogsview/430484/Reston-Virginia-Northpoint-2

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.