Last Week in Real Estate!
8/4/14 – 8/10/14
Our weekly market report for the week of 8/4/14-8/10/14 is here! We saw an increase in number of contracts in a couple areas including Great Falls, Reston Single Family Homes and Townhouses. There are slight variations in inventory but overall it’s consistent.
The Great Falls real estate market is still slower than the surrounding areas. There is simply a large amount of inventory and with average list prices over $1,000,000, the pool of buyers is much smaller. There are 208 active homes on the market today, this is the lowest number Great Falls has seen in a while. Two weeks ago that number hovered around 220. Five homes went under contract last week. Those homes are below, click on the list to view all homes under contract in Great Falls. The total number of homes under contract in Great Falls is 27.
|837 Walker Rd||$849,000||3|
|1101 Pensive Ln||$850,000||46|
|931 Welham Green Rd||$899,000||3|
|920 Leigh Mill Rd||$1,745,000||14|
|606 Kentland Dr||$1,995,000||104|
In the Reston Single Family Home market, there are 61 active listings. Three homes went under contract last week bringing the total number of homes under contract to 34. There are still high levels of inventory but things are going under contract and selling. The homes that went under contract in Reston are below.
|2504 Fauquier Ln||$539,000||46|
|2112 Owls Cove Ln||$675,000||62|
|2521 Penny Royal Ln||$699,900||12|
The Reston Townhouse market had another good week. 11 homes went under contract bringing the total number of homes under contract to 56. There are 95 townhouses on the market today
The condo market had a little bit of a slower week. They have similar levels of inventory to the townhouses, there are 104 active condo listings but only 5 went under contract last week. The total number of condos under contract in Reston is 104.
Potomac Falls had another good week. Six homes went under contract last week as well as the week before. There are 44 homes on the market, so six contracts a week is pretty good. There are 33 total single family homes under contract. The homes that went under contract last week are below.
|5 Selden Ct||$384,000||0|
|2 Mccarty Ct||$435,000||5|
|210 Markwood Dr||$489,900||20|
|20458 Kingston Ct||$599,900||11|
|47466 Coldspring Pl||$739,000||28|
|20570 Noland Woods Ct||$899,933||0|