ales in the Lake Anne 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: 3
Average Net Price in 2008: $ 486,000
Number of Detached Homes Sold From 7/1/09-7/31/09: 1
Average Net Price in 2009: $ 560,000
Percentage Price Change: *because of the small sample size, this will not be an accurate reflection of the change in value
Number of Townhouses Sold From 7/1/08-7/31/08: 6
Average Net Price in 2008: $ 523,500
Number of Townhouses Sold From 7/1/09-7/31/09: 13
Average Net Price in 2009: $ 439,615
Percentage Price Change: -16%
Number of Condominiums Sold From 7/1/08-7/31/08: 14
Average Net Price in 2008: $ 328,318
Number of Condominiums Sold From 7/1/09-7/31/09: 18
Average Net Price in 2009: $ 279,808
Percentage Price Change: -14%
Total properties (all 3 types) sold in July of 2008: 23
Total properties (all 3 types) sold in July of 2009: 32
Percentage change in numbers sold: +28%
The sales of condominiums and townhouses in the Lake Anne area of Reston, Virginia reflect real estate trends that are being reported in other areas: while sales are going up, prices are going down. This was not true of detached homes, as reflected in the data above. Of course, the nature of Lake Anne is that there are fewer detached homes than townhouses and condominiums. The decrease in price may be attributed to a national increase in the number of short sale and foreclosure properties being sold, but this information is not readily available.
As you can see from the decrease in price and increase in sales of condos and townhouses, many entry level and mid-level buyers are taking advantage of the current buyers markets and advantageous interest rates to purchase homes. The government First Time Buyer incentives are also likely to be contributing to the increased number of units sold for these low to mid-priced homes.
Across all areas in 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 North Point section of Reston: Market Report North Point July 2009
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
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
Shoppers in Virginia get your wallets ready...August 7-9, this weekend, is the Virginia School Supply and Clothes Tax Holiday. If you have children returning to school or even if you are running short of supplies in your home office, it would be worth doing your shopping this weekend to save 5% on the costs. It is also a great time to stock up on back to school clothes, fall wardrobe updates and even winter coats and boots.
Qualifying supplies cost $20 or less. Qualifying clothes and shoes must be retailed at $100 or less.
More specific information about restrictions and eligible purchases can be found at the Virginia Department of Taxation Website,
Reston, VA Homeowners Fund Small Tax District 5. This extra tax is paid as part of your annual property tax bill, so many residents are either not aware of the tax or are not sure of its purpose.
In 1975, The Fairfax County Board of Supervisors created this tax district to fund the Reston Community Center (RCC) at Hunters Woods. Since then, a second location of the RCC has been added at Lake Anne Plaza.
What do Reston, VA homeowners who fund Small Tax District 5 pay? From the Fairfax County Website I got the following information:
Small District 5 Hunter Mill
(Reston Community Center)
On each $100.00 of assessed valuation of real estate within the boundary of Small District 5 Hunter
Mill in the County, the tax rate shall be ............................................................................................... $0.047
*Tax will be levied and collected in two semi-annual tax billings.
In the recent discussions concerning the possible construction of a new Fairfax County recreation center, the possibility of having Small Tax District 5 fund the new center was considered. I wrote several blogs about this recreation center, Reston Residents Proposed Fairfax County Recreation Center and Browns Chapel in Reston is no Longer the Proposed Site for Rec Center, for which a location search continues. The proposed location at Browns Chapel in Reston is no longer being considered.
The members of Small District 5 are the Fairfax County citizens who vote in the Hunter Mill District, represented by Kathy Hudgins. As a result, Reston, VA homeowners fund Small Tax District 5 almost exclusively. There are other Small Tax Districts within Fairfax County, most of which support community or recreation centers.
For more information about the programs offered by the Reston Community Center, go to their website, Reston Community Center.
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An experienced Associate Broker working in Reston, VA the Northern VA area. I work with with buyers and sellers, specializing in Staging and preparing homes for Sale and helping buyers 'buy green.'
I come from a corporate background; I spent a number of years working in consulting and project management. What does this mean to you? It means that you will receive my undivided attention and that details, large and small, will not fall through the cracks. It means that I value you your business and look forward to having you as a repeat client. My focus is on becoming your permanent REALTOR. You don't regularly change accountants or dentists--you shouldn't have to find a new Realtor for each real estate transaction!
I also believe that continuing education is a critical component of good service. I am an Associate Broker, an Accredited Buyers Representative (ABR), a Graduate of the Realtors Institute (GRI), an EcoBroker (specializing in buying and selling GREEN homes) an e-pro (technical training to meet the needs of my clients) and an Accredited Staging Professional--Realtor (to assist you in preparing your home to sell quickly and for the most money).
I work throughout Northern Virginia, from Arlington to Leesburg, marketing homes and assisting buyers with their purchases. Let me help you find both a house that suits your needs and a community that you will love. Not only do I live in the area (specifically in North Reston), but I grew up here, too!
If you are looking for a Green home, take advantage of my EcoBroker training to learn how to identify those features that will help you to save money. As a seller, my assistance and advice in helping you to prepare your home for sale is second to none. I am an Accredited Staging Professional Realtor, but I also have keen eye for what is important to buyers. My husband is a builder and works with me to provide contracting resources for my clients to get their homes ready for marketing economically and quickly.
1. "Holly Weatherwax is an outstanding REALTOR®. She was very supportive during the sale of my home and my transition to a new state. She is extremely creative, determined, and responsible in all facets of the home sale process. She even made me feel calm at times which says a lot considering selling a home is one of life's most stressful activities. I wouldn't hesitate to ask Holly to be our REALTOR® again in the future. You get the "best" when you have Holly working for you."
Delight, Middleton, WI
2. "My husband and first met Holly by looking at a single-family home she had listed. We inquired about the home, met with Holly and were very impressed by her. Soon we realized, we not only wanted to buy this home, but also have Holly sell ours! We chose not to bring in another REALTOR® putting Holly in the unique situation where she had to wear multiple hats in representing her existing clients and now us. She handled it flawlessly and in a very professional manner. She made herself available to us at all hours, made checklists with timelines to get everything accomplished for closing and most of all, made us feel at ease. Every detail was taken care of we had complete trust in her from our initial meeting, which carried through to the end of our buying and selling experience. I think this is what makes Holly exceptional."
Catherine D'Reaux,
3. "We were so pleased with the way in which Holly Weatherwax completely handled every detail involved in the sale of our Reston home. The way is which she packaged our home to get it ready for the sale, marketed our home, handled open houses, offers for sale and even the closing was professional thorough, attentive and caring. Holly handled every aspect of this sale so completely that we were never overwhelmed or stressed. She made the sale of our home easier and more enjoyable than we could have imagined."
Stacey and Ray T., McLean, VA
4. "I wish to provide a reference for Holly Weatherwax, whom I retained as our REALTOR®. To begin, a written reference cannot express strongly enough the satisfaction my wife and felt through our house purchasing process. It was a privilege to have Holly represent us with exceptional service and integrity.
I have purchased many different homes in the last 20 years in 4 different states. Having used a different realtor with each home purchase, I have had a chance to see many different styles and approaches. While some of the realtors were good...I never felt a strong commitment to use any REALTOR again, until now. Without a doubt, I would use Holly Weatherwax again to sell and or buy another house in the Northern Virginia area."
Clifford Samodurov, Principal, Innovative Benefits Solutions
5. "Holly was a great resource for me in buying my home in Reston last year. She was patient, prepared and thoughful, carefully considering my situation and family needs before showing me a house, responding to my inquiries or suggesting alternatives. Holly was great to work with, wonderfully experienced and possesive of a great blend of real world practicality and shrewd business sense. Whether she was helping you negotiate a transaction or discussing a homes potential (or, importantly, lack thereof), Holly was there for me as a great resource and I am most grateful."
Don Caron, Reston, Va
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