Here is a market report for Reston, VA, 20191 (South of the Toll Road), for December 2011.
December is a notoriously slow month for real estate in the Northern Virginia area. This December did not behave any differently. In fact, this December was even slower than December of 2010 in the 20191 zip code--and in all of Reston (click here for the 20194 Market Report and for the 20190 Market Report).
While consumer confidence is slowly regaining a foothold, buyers are still reluctant to move forward. Retail sales saw growth in November and December, which could mean that consumers were spending their time and money on retail and car, rather than real estate, purchases.
In South Reston, 3 Bedroom Townhouses continued to be the most popular homes sold with the Average sold price slightly down from the December 2010 average of $346,200 to the December 2011 average of $342,389, a 1.10% decrease. In December of 2010, 21 townhouses were sold, while this December 14 were sold.
The average price for a detached, 4 Bedrooms+ home sale was up in South Reston, the number of units sold was down significantly. In 2010 the average sold price was $504,429. In 2011, the average sales price was $573,333 which was an increase of 13.66%. December 2011 saw the sale of only 4 detached homes, compared with the sale of 15 detached homes in December 2010.
Condominium sale prices were up 10.13% with an average sale price in December 2011 of $186,429 as compared to the December 2010 average of $169,284. Last year, 13 condos were sold as compared to only 7 this year in the month of December.
Overall, the numbers were down, acrosss the board. In December 2011, the 20191 zip code had 14 townhouses sold, 4 detached homes and 7 condominiums. These numbers were significantly lower than in December 2010 when there were 21 townhouses, 15 detached homes and 13 condos sold.
If you are interested in finding out more about properties in the 20191 zip code, text me, call me or email me at 571-643-4902 or hollyweatherwax@mris.com.
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