Welcome to Luxury For Less, a weekly column highlighting the best deals in luxury real estate. Written by Brandy Schantz of TTR Sotheby’s International Realty, Luxury For Less offers tips and tricks navigating the competitive real estate market and securing the home of your dreams. To learn more, visit ttrsir.com.
The real estate market is leaping into the new year with confidence. In the first week of the new year, 44 homes in the Tysons Corner region came on market either for the first time or after a holiday break.
As a matter of fact, the holidays did not stop the real estate market at all. In the month of December, 264 homes closed and 68 went under contract. This is within 1% of the closed homes in December of 2017 proving that in this area, there is always a market for sales.
The winter months can be a challenging time to buy or sell real estate with unpredictable weather, holiday celebrations and the focus on resolutions not real estate. It can also be a great time to move quickly and act strategically.
The spring market is well known for it’s bidding wars, abundance of open houses and buyers and sellers alike dipping their toes in the water to see how it feels. The winter market, in contrast, has buyers and sellers who are serious and ready to move.
For sellers, this means fewer people just checking out their home in case they decide to make a leap in the future and more people who are ready to write a contract. For buyers, there are fewer bidding wars and a better opportunity to buy a home without competition. Sellers who put their home on the market in winter are also more likely to be ready to sell, meaning they aren’t testing the market to see how high they can price. They price to sell! Fewer homes on the market mean less choice but a great opportunity to get a great home before the market heats up.
This week has quite a few great homes on the market at a great new price. Check out the homes recently reduced this week:
- 9222 Dellwood Drive Vienna (Reduced $50,000)
- 402 Spring Street S Falls Church (Reduced $30,000)
- 10150 Akhtamar Drive Great Falls (Reduced $40,000)
- 2722 Snowberry Court Vienna (Reduced $75,000)
- 105 Elmar Drive SE Vienna (Reduced $44,000)
- 11327 Corobon Lane Great Falls (Reduced $100,000)
The properties listed are a small selection of properties available in the Tyson’s Corner area. For a full list of properties listed on MLS and private exclusives, please contact Brandy Schantz.