2014 Year in Review: Reston Town Center —The Carlton House


And projections for the immediate future…………


Reston Town Cernter Carlton House in SpringIMG_4520

Overall Market Review – The local real estate market may be undergoing a significant shift from recent years. The RayMaxTeam Year in Review reports for 2011, 2012, and 2013 all cited much stronger underlying fundamentals than was generally predicted at that time, citing many forces which would drive prices much higher than consensus forecasts. Naysayers called us polyannas, but the RayMax forecasts proved more accurate. For the first time since 2009, this annual review is citing caution for those expecting big price appreciation for the market in the upcoming year, especially the first half of 2015. The yellow light is on, not red and not green: I welcome any discussion on this topic and feel free to contact me at any time.

A Review of the Carlton House and Projections For 2015 – Prices remained quite stable throughout the year. Differences in prices from one unit to the next were more the result of quality differences in maintenance and upgrades, rather than any market movement. With the easiest access to the new Metro Silver Line than any other condo building in the RTC, the Carlton House should maintain value based on its exceptional location.

Summary of 2014 Carlton House Sales (all at 11776 Sunset Hills Drive):

Date Sold        Unit No.                    Price        Sq. Ft.        Price/Sq. Ft.          BR/Bath
January                     117                         $335,000        759                  $442                        1/1/0
April                          701                         $275,000        666                  $413                        0/1/0
May                            821                        $450,000       1,177                 $382                       2/2/0
May                            716                         $363,000        851                  $427                        1/1/0
May                            925                        $345,000         759                  $455                        1/1/0
May                           1003                       $342,500         759                  $451                         1/1/0
August                        513                        $453,000         759                  $388                        2/2/0
October                     1005                       $475,000       1,368                 $347                        2/2/0
November                  720                        $420,000      1,081                 $389                        2/2/0
November                 1217                       $440,000        1,161                 $379                        2/2/0
November                 505                        $383,900         933                  $411                         2/1/0
December                1208                       $595,000        1,519                 $392                        3/2/0

• Seeking a more detailed discussion on this report?
• Looking for a true market analysis of your home?
• Thinking of listing in 2015, and seeking to have it promoted as a high- end home in a unique, high end neighborhood should be promoted?

Ray Wedell, Realtor
Chartered Financial Analyst, CFA
RE/MAX Gateway

About RayWedellRealEstate

Real estate professional with Coldwell Banker. Chartered Financial Analyst, CFA
This entry was posted in 11800 Sunset Hills Drive, 2014 real estate sales at Carlton House, 2015 real estate projections for Carlton House, Carlton House, Carlton House at 11776 Sunset Hills Drive, Carlton House sales in Reston Town Center 2014, Ray Wedell realtor, Ray Wedell Sells Carlton House, Reston condos: Carlton House, Reston real estate, Reston Town Center, Reston Town Center Real Estate, Reston video, Sunset Hills Drive Reston and tagged , , , , , , , , , , , , , , , . Bookmark the permalink.

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