May 11,2012 at 11:46 AM EST
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May 10,2012 at 2:32 PM EST
Wondering what’s happening in the real estate market in Vienna & Oakton? Is it a Buyer's Market or a Seller's Market? Here’s this week’s update.
May 9,2012 at 11:30 AM EST
“Why is my home not being shown?”
This is a question The Belt Team gets a lot when we are called upon to list & sell homes that have already been on the market with another agent. Now, you may be wondering why we weren’t asked to sell the homes in the first place. And that’s a great...more question, so let’s address that first.
Sometimes, it’s because the first agent “bought” the listing. What we mean by that is that the Seller interviewed several agents and then listed his home with whichever agent gave the highest price. And that price did not correlate with the market. Hence, the home does not sell, the listing expires, and the Seller calls The Belt Team.
Why do agents “buy” listings?
May 4,2012 at 3:49 PM EST
What’s happening in the real estate market in Vienna & Oakton? Let’s start with housing supply.
Overall statistics (see below) say that Vienna & Oakton are both in a Seller’s Market. But that’s a pretty general statement. If we take a look at the market broken down by price range, we’ll...more see that parts of our market are Seller’s Markets, some are Buyer’s Markets and some markets are Balanced. Whether you’re a Buyer or a Seller, it’s really important that you know where you stand. This affects your strategy significantly!
May 1,2012 at 3:34 PM EST
World's biggest playable drum kit named Big Boom is unveiled in Vienna, Austria.
Apr 25,2012 at 12:19 PM EST
Wherever I go around town, the first thing people always ask me when they find out I’m with The Belt Team is “How’s the market?”. When I respond “crazy busy” and they are surprised by my response, I know they must be national news watchers and not local blog readers. For whatever reason, there...more is still a perception among many that the real estate market is “bad” and that homes aren’t selling. But that is simply not the case. While we are not back in the days where homes were appreciating incredibly rapidly and in the blink of an eye (and that’s a GOOD thing because it was not healthy and could never be sustained) – we ARE back in the days where homes are selling, selling quickly and some are selling over list price.
Apr 25,2012 at 12:30 PM EST
If you've been reading our blog about "Life In Vienna" over the past few years, then you already know that WE LOVE LIVING IN VIENNA! In fact, the whole purpose of our blog is to share all the reasons WHY we love living in Vienna.
Well, this weekend, you have the opportunity to find...more out for yourself how much fun Vienna is. Our past blog posts have talked about the awesome variety of cuisines offered in Vienna's restaurants, the fabulous music scene, the family friendly activities and the people themselves. And this Saturday from 11AM-8PM, all of these things will converge in one spectacular event.
Apr 19,2012 at 6:40 AM EST
Vienna and Oakton’s housing markets are still cruising along. With less than a 3 month supply of homes in Oakton and less than a 2 month supply in Vienna – yes, you guessed it – we remain in a Seller’s Market in both areas.
But let’s break things down a little more and check out what’s...more happening in different price ranges, because the reality is that while the overall statistics might say Seller’s Market, that may not be the case in every price range. (Statistics below are based on today’s housing inventory and the past 30 days sales.)
OAKTON:Up to $799,999: 45 homes currently listed, 1.9 month housing supply (Seller’s Market)$800,000 – $1,099,999: 9 homes currently listed, 1.1 month housing supply (Seller’s Market)$1,100,000 – $1,249,999: 7 homes currently listed, no sales in past 30 days$1,250,000 – $1,500,000: 10 homes currently listed, 5 month housing supply (Balanced Market)Above $1,500,000: 9 homes currently listed, 9 month housing supply (Buyer’s
Apr 18,2012 at 9:35 AM EST
Have you been to The Barns yet? (Not the kind of barn where the horses live, but the one that's part of Wolftrap!) If you haven't been, then you are missing out on something really special. Wolftrap & The Barns are part of why we LOVE living in Vienna!
Right here in small town Vienna,...more we have one of the premier music venues in the country - America's National Park For The Performing Arts. The initial 53 acres of land for this park was originally purchased (and later donated) by Catherine Shouse for $5,300 (don’t you wish you could buy land around here for $100 an acre!) and she named the farm “Wolf Trap Farm”.
Apr 12,2012 at 7:38 AM EST
Vienna and Oakton’s housing markets remain HOT. With less than a 3 month housing supply (2.5 months in Oakton and 1.5 months in Vienna), it’s officially a Seller’s Market in both areas! (Note though that this analysis is generalized for the entire market regardless of price range, property...more type, school district, etc. If you are looking to buy or sell, your Realtor should be doing an in-depth analysis depending on YOUR particular market. The higher price ranges, for example, are still moving at a slower pace. This could also vary by home type – with colonials selling much faster than split foyers or contemporary homes.)
Apr 11,2012 at 7:51 AM EST
Spring Break is over for Fairfax County Public Schools and Guest Blogger Dave Graham is back in town with the final report for the James Madison High School baseball team's tournament adventure. Congrats to the Warhawks!
The Wildkits from Evanston Township High School in Evanston,...more Illinois, upset the team from California that Madison had beaten in eleven innings to set up a contest with Madison for the Hall of Fame Spring Classic championship. Pitching on short rest Tim Davis brought a tired but still effective arm to the mound and a big bat to the plate in leading the Warhawks to a 4-2 victory. Coach Mark “Pudge” Gjormand later noted, “I thought we were a little edgy and lethargic at the start of the game playing an afternoon game the day after an evening game. We really played six games this week because of the extra inning game. I think we grew up some; it was a team week and everyone contributed.”
Apr 5,2012 at 11:24 PM EST
VIENNA, Va (WUSA) - On April 4, officers and detectives from the Town of Vienna Police Department along with Fairfax County police officers, Code Enforcement personnel, and Immigration and Customs Enforcement's Homeland Security Investigations special agents served search warrants and an...more arrest warrant in
Vienna and Annandale, Virginia.
PHOTOS: DC AREA MUG SHOTS
The warrants were obtained as the result of an investigation that spanned over two months in Vienna and Fairfax County. A search warrant was executed at Maple Therapeutic Massage located at 307 Maple Avenue, West and two others were executed at residences on Commons Drive in Annandale.
After serving the initial warrants and conducting extensive interviews Jeom Suk Smith, 44, of Commons Drive in Annandale, was arrested and charged with Pandering and Bawdy House. Youn K. Um, 40, also of Commons Drive in Annandale was arrested and charged with Pandering. Son Ok Kilgore, 49, of
Apr 5,2012 at 1:47 PM EST
It may be Spring Break time here in Vienna, but the James Madison baseball team & our Guest Blogger Dave Graham are still working hard. Here's a recap of their first Spring Break Tournament game down in Florida:
On a beautiful Florida morning the Madison Warhawks kicked off the Hall of...more Fame Spring Classic Tournament against the McMinn County High School Cherokees from Athens, Tennessee, with a 10-0 win in a game shortened to five innings. The players had to get up before 6:00 am and had not practiced in three days and it showed. Madison snoozed to a 1-0 lead before breaking out for seven runs in the fourth inning aided by a shabby McMinn defense that made five errors. Coach Mark “Pudge” Gjormand later noted, “Our guys did a great job answering the bell for an early game after three days off. We brought good energy under some different circumstances.”
Matt James got the starting nod for McMinn and Andy McGuire greeted him by roping a 1-1 pitch to left field for a single.
Apr 5,2012 at 1:50 PM EST
This week, many of us celebrate Easter. There’s an old saying “don’t put all your eggs in one basket”. But maybe that’s exactly what you SHOULD be doing!
Vienna and Oakton’s housing market remain HOT. Sales are brisk and inventory remains low. Vienna remains in a Seller’s Market and with a...more slight decrease in inventory this week, Oakton is now teetering between a Balanced Market and a Seller’s Market.
Over the past week, 32 homes sold in Vienna and Oakton. Of those homes, 72% sold in 15 days or less. WOW!
Mar 28,2012 at 1:45 PM EST
A slight rise in inventory put Oakton back into a Balanced Market this week. (A Balanced Market is defined as a market with a 4-6 month housing supply, whereby the market is in its natural, healthy state with no advantage seen to either Buyers or Sellers.) Vienna, on the other hand, remains in...more a HOT Seller’s Market. Based on the past 30 days’ sales, Vienna has less than a 2 month housing supply! (Current housing supply is just 168 homes and in the past 30 days, 120 homes have gone under contract.) We are continuing to see multiple contracts and homes are selling quickly. In the past week, 42% of the homes that went under contract sold in two weeks or less!