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Reston, VA Real Estate News

By Bobby Samson
(Samson Realty)
Below are my featured properties for this week, Nov 18th. This week 11990 Market Street, #805 in Reston, Virginia is Just Listed. This luxury 8th floor condo features 3 BR/2BA and many fabulous amenities. 20904 Winola Terrace in Ashburn, Virginia reduced their price to $359,900.  For more information please visit www.bobbysamson.com Thanks and have a great week! JUST LISTED 11990 Market Street #805Condo 3 bedrooms2 full/0 partial baths1,646 sqft $789,900 Reston, VA RENTED 14848 Ashby Oak CourtSingle Family House 5 bedrooms3 full/1 partial baths5,144 sqft $620,000 $3,500/MonthHaymarket, VA NEW PRICE 20904 Winola TerraceTownhouse 3 bedrooms3 full/1 partial baths1,648 sqft $359,900 Ashburn, VA 22087 Water Run CourtSingle Family House 2 bedrooms2 full/2 partial baths2,200 sqft No pets $1,40...
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The inventory of homes for sale in Reston's Town Center area was about 68 homes active on the market as of 1 November 2008. The available homes run the full spectrum of condos through townhomes from brand new to about 15 years in age.  Prices ranged from a low of about $200k to a high of $2 million.  Visit Available Homes at http://www.restontowncenter-homes.com/ to view currently available Reston Town Center Homes.
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The inventory of Lakefront  Community homes for sale in Reston was about 20 homes active on the market as of 14 November 2008.  Direct Lakefront homes appear to be selling off at a faster rate than other homes in the Reston area. If you'd like to live on one of Reston's lakes ... This might be to moment to come out of for a look.  Visit Available Homes at http://www.reston-lakefront.com/ to view currently available Lakefront Homes in Reston Virginia.  
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By Pete Blondin
(ERA Teachers Inc)
The inventory of Condos for sale in Reston was about 140 homes active on the market as of 14 November 2008 with new contracts running at about 40 a month.  Consequently, the absorption rate for these homes is about 4.5 months on the market.  Condos sales have started to pick up in the Reston area. If you've been hanging back, this might be the moment to re-start your shopping.  Visit Available Homes at http://www.reston-condos.com/ to view currently available condos in Reston Virginia.
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By Pete Blondin
(ERA Teachers Inc)
The inventory of townhomes for sale in Reston was about 120 homes active on the market as of 14 November 2008 with new contracts running about 30 a month.  Consequently, the absorption rate for these homes is about 4 months on the market.  This might be a good time to jump back into the market ... There's a great selection and prices may be the best you've seen in three or four years.  Like to see currently available Townhomes in Reston ... visit http://www.reston-area.com/forsale.htm
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The inventory of single family detached homes for sale in Reston was about 75 homes active on the market as of 14 Nov 2008 with new contracts running about 18 a month.  Consequently, the absorption rate for these homes is about 4 months on the market.  Sales of single family homes have picked up in the last couple of months.  If you've been considering buying a single family, this might be the moment.  Like to see currently available Single Family homes in Reston ... visit http://www.reston-area.com/forsale.htm  
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The inventory of homes for sale in Reston's Town Center area was about 65 homes active on the market as of 1 November 2008. The available homes run the full spectrum of condos through townhomes from brand new to about 15 years in age.  Prices ranged from a low of about $200k to a high of $2 million.  Visit Available Homes at http://www.restontowncenter-homes.com/ to view currently available Reston Town Center Homes.
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By Pete Blondin
(ERA Teachers Inc)
The inventory of Lakefront  Community homes for sale in Reston was about 30 homes active on the market as of 1 November 2008.  Direct Lakefront homes appear to be selling off at a faster rate than other homes in the Reston area. If you'd like to live on one of Reston's lakes ... This might be to moment to come out of for a look.  Visit Available Homes at http://www.reston-lakefront.com/ to view currently available Lakefront Homes in Reston Virginia.
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By Pete Blondin
(ERA Teachers Inc)
The inventory of Condos for sale in Reston was about 150 homes active on the market as of 1 November 2008 with new contracts running at about 20 a month.  Consequently, the absorption rate for these homes is about 7 months on the market.  Condos sales have started to pick up in the Reston area. If you've been hanging back, this might be the moment to re-start your shopping.  Visit Available Homes at http://www.reston-condos.com/ to view currently available condos in Reston Virginia.
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By Pete Blondin
(ERA Teachers Inc)
The inventory of townhomes for sale in Reston was about 120 homes active on the market as of 1 November 2008 with new contracts running about 25 a month.  Consequently, the absorption rate for these homes is about 5 months on the market.  This might be a good time to jump back into the market ... There's a great selection and prices may be the best you've seen in three or four years.  Like to see currently available Townhomes in Reston ... visit http://www.reston-area.com/forsale.htm  
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The inventory of single family detached homes for sale in Reston was about 80 homes active on the market as of 1 Nov 2008 with new contracts running about 15 a month.  Consequently, the absorption rate for these homes is about 5 months on the market.  Sales of single family homes have picked up in the last couple of months.  If you've been considering buying a single family, this might be the moment.  Like to see currently available Single Family homes in Reston ... visit http://www.reston-area.com/forsale.htm  
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By Art Kruschka, Manassas Woodbridge Dumfries Real Estate Sevices
(Administrative Manager)
Many people think bourbon must be made in Kentucky just as Vidalia onions must be grown in Vidalia, GA.  Wrong, wrong, wrong !!!  There is no law that says bourbon must be produced in Kentucky.  And no, Jack Daniels Old #7 from Lynchburg, TN is not bourbon.  Virginia Gentleman Bourbon, produced by the A. Smith Bowman Distillery is the only bourbon produced outside Kentucky. Although the distillery is located in Fredericksburg it started producing bourbon in Northern Virginia in what is now Reston, Virginia.  Adam Smith Bowman purchased a dairy farm in that section of Fairfax County in 1927,  He went into the bourbon making business as soon as Prohibition ended.  As time passed by, Reston, an award winning planned community, began to be developed.  The Bowman family sold the balance of t...
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Are you looking for a Single Family Home at a bargain price which could benefit from some loving care?   You might want to cast your eyes on the Single Family Homes which are available between about $220,000 and the high-$600s as forclosed residences in Herndon Virginia.    These are not teaser prices ... I've put together a list of homes which have already been forclosed by Lenders and are now offered on the resale market on a 1st come 1st served basis.  You need a Realtor to show them and help you through the process ... And Yes ... The Lenders have already factored in the Realtor cost so you can get the sort of help you'll need to land one of these bargains.  Visit www.Reston-Area.com/forclos.htm to see a complete list of Forclosed Single Family Homes in Herndon Virginia.
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The inventory of homes for sale in Reston's Town Center area was about 75 homes active on the market as of 15 October 2008. The available homes run the full spectrum of condos through townhomes from brand new to about 15 years in age.  Prices ranged from a low of about $200k to a high of $2 million.  Visit Available Homes at http://www.restontowncenter-homes.com/ to view currently available Reston Town Center Homes.
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By Pete Blondin
(ERA Teachers Inc)
The inventory of Lakefront  Community homes for sale in Reston was about 40 homes active on the market as of 15 October 2008.  Direct Lakefront homes appear to be selling off at a faster rate than other homes in the Reston area. If you'd like to live on one of Reston's lakes ... This might be to moment to come out of for a look.  Visit Available Homes at http://www.reston-lakefront.com/ to view currently available Lakefront Homes in Reston Virginia.
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By Pete Blondin
(ERA Teachers Inc)
The inventory of Condos for sale in Reston was about 166 homes active on the market as of 15 October 2008 with new contracts running at about 33 a month.  Consequently, the absorption rate for these homes is about 5 months on the market.  Condos sales have started to pick up in the Reston area. If you've been hanging back, this might be the moment to re-start your shopping.  Visit Available Homes at http://www.reston-condos.com/ to view currently available condos in Reston Virginia.  
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By Pete Blondin
(ERA Teachers Inc)
The inventory of townhomes for sale in Reston was about 125 homes active on the market as of 15 October 2008 with new contracts running about 33 a month.  Consequently, the absorption rate for these homes is about 4 months on the market.  This might be a good time to jump back into the market ... There's a great selection and prices may be the best you've seen in three or four years.  Like to see currently available Townhomes in Reston ... visit http://www.reston-area.com/forsale.htm  
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The inventory of single family detached homes for sale in Reston was about 85 homes active on the market as of 15 Oct 2008 with new contracts running about 15 a month.  Consequently, the absorption rate for these homes is about 6 months on the market.  Sales of single family homes have picked up in the last couple of months.  If you've been considering buying a single family, this might be the moment.  Like to see currently available Single Family homes in Reston ... visit http://www.reston-area.com/forsale.htm
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By Donny Samson Team, Great Service at a Great Price
(Samson Properties)
When: Friday, October 10th from 3-11Saturday, October 11th from 3-11 Where:Reston Town Center Pavillion  This once cherished Restonian tradition is back, this time as a Chamber sponsored event featuring the best in fall brews with delicious traditional Oktoberfest fare from area restaurants.  Join us October 10th and 11th in the main pavilion at Reston Town Center to enjoy live entertainment and new culinary experiences.  A limited number of restaurant participation and sponsorship opportunities are available.  Don't miss two very special days of fall fun!
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By Pete Blondin
(ERA Teachers Inc)
Looking for some hard data on recent sales in Reston?  Since the start of 2008 some 717 homes have actually closed sales in Reston ... 314 Townhomes ... 249 Condos ... 154 Single Family Detached homes.  If you'd like to see the actual data by street address visit www.reston-condos.com/6recent.htm  I've made a practice of updating this data as we move forward so feel free to check back from time to time.
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