For reference only, not an endorsement or guarantee.
Why live in a Mid-Century Modern Reston Hickory Cluster Goodman House? See resale market values, local resale buyer issues of note, real estate market trends, and more below ...
RESALE MARKET VALUES ... INDIVIDUAL 2013-24
BY DATE, ADDRESS, BLOCK 1/2/3 MODEL A/B/C
* No MLS or public listing and/or zero days on market
** Offer contingent or under contract
All-time high sold resale prices:
*** Total: B2A2B sold Feb 3, 2022 for $745.2K
*** Total: B2A2B sold Feb 3, 2022 for $745.2K
**** Per sf: B1B2 sold Dec 11, 2023 for $550K or $435/sf
Calculated from public Fairfax County Real Estate Tax Assessment
data using Above Ground Livable Area Total Square Feet value
2024
11511 Hickory Cluster ... B3B4 off market Jan 27
Price changed Nov 2 to $2965
Price changed Oct 24 to $3150
Listed Sep 29 for $3285
11532 Hickory Cluster ... B3A2B vacant for repairs, possible re-rental
11519 Hickory Cluster ... B3B4 bought by investor for renovation, resale
11501 Hickory Cluster ... B3B4 pending $628K contract Apr 7**
Price changed Apr 4 to $625K or $362/sf
Listed Mar 26 for $675K or $391/sf
11585 Maple Ridge Rd ... B2B3 pending contract Apr 9**
Listed Apr 4 for $625K or $317/sf
2023
11540 Hickory Cluster ... B3AA rented Jan 2 for $2150
11520 Hickory Cluster ... B3C1 rented Jan 11 for $2650
11527 Hickory Cluster ... B3AB sold May 31 for $531K or $339/sf
Listed May 18 for $475K or $303/sf
11506 Hickory Cluster ... B3AB sold Jun 6 for $570K or $364/sf
Listed May 10 for $550K
11513 Maple Ridge Rd ... B1AC sold Jul 7 for $721K or $368/sf
Listed Jun 22 for $699.9K or $357/sf
11593 Maple Ridge Rd ... B2B2 for rent Jun 30 for $2750
Rented Jul 17 for $2750
11545 Maple Ridge Rd ... B2AB sold Jul 31 for $602.5K or $384/sf
Listed Jun 29 for $549.9K or $351/sf
11575 Maple Ridge Rd ... B2B3 sold Aug 22 for $650K or $329/sf
Listed Jul 26 for $634.9K or $322/sf
11519 Hickory Cluster ... B3B4 sold Sep 27, 2023 for $415K or $240/sf*
Bought by investor for renovation, resale
11501 Maple Ridge Rd ... B1AC rented Dec 8 for $3100
Listed for rent Jan 3, 2022 for $2950
11506 Maple Ridge Rd ... B1B2 sold Dec 11 for $550K or $435/sf****
Listed Nov 16 for $550K or $435/sf
2022
11500 Hickory Cluster ... B3AC sold Jan 21 for $660K or $337/sf
11563 Maple Ridge Rd ... B2A2B sold Feb 3 for $745.2K or $346/sf***
Listed Jan 13 for $679K or $315/sf
See related post
11583 Maple Ridge Rd ... B2B3 listed for rent Jan 10 for $2800
Rented Feb 24 for $2500
11532 Hickory Cluster ... B3A2B rented Mar 16 for $2545
11518 Hickory Cluster ... B3C1 sold May 17 for $580K or $401/sf
Listed Apr 21 for $499K or $345/sf
11521 Maple Ridge Rd ... Rented Jul 20 for $2600
11531 Hickory Cluster ... B3AB sold Sep 23 for $549.5K or $350/sf
Listed Sep 1 for $549.5K or $350/sf
11533 Maple Ridge Rd ... B2AA sold Sep 27 for $550K or $401/sf
Listed Aug 25 for $525K or $383/sf
11544 Hickory Cluster ... B3A2B sold Oct 11 for $700K or $325/sf
Listed Sep 16 for $675K or $286/sf
11591 Maple Ridge Rd ... B2B2 listed Sep 29 for $550K, or $435/sf
Off market as of Oct 19 or earlier
11524 Maple Ridge Rd ... B1B2 rented Oct 30 for $2450
11511 Hickory Cluster ... B3B4 listing removed Nov 17
Price changed Nov 8 to $2950
Price changed Oct 22 to $2765
Price changed Oct 3 to $2900
Listed for rent Sep 24 for $3480
2021
11503 Maple Ridge Rd ... B1AB sold Mar 5 for $544K or $347/sf
11579 Maple Ridge Rd ... B2B3 sold May 21 for $525K or $266/sf
11513 Maple Ridge Rd ... B1AC sold Jul 2 for $659K or $336/sf
11515 Maple Ridge Rd ... B1AB sold Aug 3 for $510K or $325/sf
11563 Maple Ridge Rd ... B2A2B sold Sep 15 for $480K or $222/sf*
Bought by investor for renovation, resale
11597 Maple Ridge Rd ... B2B2 sold Sep 30 for $520K or $411/sf****
11593 Maple Ridge Rd ... B2B2 sold Nov 17 for $502K or $397/sf
2020
11500 Hickory Cluster ... B3AC sold Jan 21 for $499.9K or $255/sf
11522 Maple Ridge Rd ... B1B2 sold Jan 22 for $446K or $353/sf
11518 Hickory Cluster ... B3C1 rented Jan 28 for $2350
11500 Maple Ridge Rd ... B1B2 sold Jan 31 for $412K or $326/sf
11581 Maple Ridge Rd ... B2B3 sold Feb 11 for $480K or $243/sf
11532 Hickory Cluster ... B3A2B rented Mar 28 for $2395
11500 Hickory Cluster ... B3AC sold Jan 21 for $499.9K or $255/sf
11522 Maple Ridge Rd ... B1B2 sold Jan 22 for $446K or $353/sf
11518 Hickory Cluster ... B3C1 rented Jan 28 for $2350
11500 Maple Ridge Rd ... B1B2 sold Jan 31 for $412K or $326/sf
11581 Maple Ridge Rd ... B2B3 sold Feb 11 for $480K or $243/sf
11532 Hickory Cluster ... B3A2B rented Mar 28 for $2395
11522 Hickory Cluster ... B3C1 sold Jun 1 for $424K or $339/sf*
11506 Hickory Cluster ... B3AB sold Sep 15 for $449K or $286/sf
11599 Maple Ridge Rd ... B2B2 sold Oct 2 for $490K or $387/sf
11511 Hickory Cluster ... B3B4 listing removed Oct 4
Listed for rent Aug 22 for $3150
11525 Hickory Cluster ... B3AA rented Oct 21 for $2250
11581 Maple Ridge Rd ... B2B3 sold Oct 23 for $529.6K or $268/sf
2019
11599 Maple Ridge Rd ... B2B2 sold Feb 13 for $429K or $339/sf*
11530 Hickory Cluster ... B3AB sold Feb 22 for $435K or $277/sf*
11521 Maple Ridge Rd ... B1AB rented Apr 19 for $2500
11539 Maple Ridge Rd ... B2A2B sold Jul 8 for $510K or $237/sf
11500 Maple Ridge Rd ... B1B2 listed Mar 15 for $399.9K, de-listed
11525 Hickory Cluster ... B3AA rented Oct 2 for $2195
11512 Maple Ridge Rd ... B1B2 sold Dec 5 for $415K or $328/sf
11520 Hickory Cluster ... B3C1 sold Dec 13 for $435K or $349/sf
2018
11540 Hickory Cluster ... B3AA rented Feb 25 for $1690
11524 Maple Ridge Rd ... B1B2 sold May 4 for $399K or $316/sf*
11522 Hickory Cluster ... B3C1 rented May 23 for $2195
11512 Hickory Cluster ... B3C2 sold Jun 1 for $461K or $285/sf*
11569 Maple Ridge Rd ... B2B3 sold Jun 1 for $443.8K or $223/sf
11575 Maple Ridge Rd ... B2B3 sold Aug 6 for $430K or $218/sf
11533 Hickory Cluster ... B3A2B sold Aug 24 for $485K or $225/sf
11524 Maple Ridge Rd ... B1B2 sold Oct 4 for $399.9K or $316/sf
11577 Maple Ridge Rd ... B2B3 sold Nov 5 for $425K or $215/sf*
11599 Maple Ridge Rd ... B2B2 sold Nov 6 for $285K or $225/sf
2017
11577 Maple Ridge Rd ... B2B3 rented Jan 3 for $2100
11587 Maple Ridge Rd ... B2B3 sold Jan 31 for $390K or $196/sf
11507 Hickory Cluster ... B3B2 sold Mar 17 for $387.5K or $307/sf
11539 Maple Ridge Rd ... B2A2B sold May 11 for $435K or $202/sf*
11532 Hickory Cluster ... B3A2B rented May 1 for $2395
11521 Maple Ridge Rd ... B1AB rented May 29 for $2100
11591 Maple Ridge Rd ... B2B2 listed Aug 3, rented for $2250
11542 Hickory Cluster ... B3AC sold Oct 23 for $428.5K or $273/sf
11549 Maple Ridge Rd ... B2AB sold Oct 27 for $370K or $236/sf*
11518 Hickory Cluster ... B3C1 rented Nov 4 for $1950
2016
11533 Maple Ridge Rd ... B2AA sold Jan 11 for $386K or $281/sf
11509 Maple Ridge Rd ... B1AC sold Mar 28 for $375K or $191/sf
11514 Hickory Cluster ... B3C2 sold Apr 22 for $380K or $235/sf
11581 Maple Ridge Rd ... B2B3 sold May 27 for $385K or $195/sf
11531 Hickory Cluster ... B3AB sold Jul 29 for $397.5K or $254/sf
11515 Hickory Cluster ... B3B2 sold Aug 5 for $410K or $324/sf
11510 Maple Ridge Rd ... B1B2 sold Aug 31 for $405K or $320/sf
11517 Maple Ridge Rd ... B1AC sold Sep 22 for $476K or $243/sf
11577 Maple Ridge Rd ... B2B3 listed Sep 1 for $419K or $212/sf
11522 Hickory Cluster ... B3C1 sold Dec 6 for $399.9K or $320/sf
11577 Maple Ridge Rd ... B2B3 listed Nov 19 for $410K or $208/sf
also listed Nov 18 as rental for $2300
2015
11577 Maple Ridge Rd ... B2B3 sold Jan 9 for $374.1K or $189/sf
11530 Hickory Cluster ... B3AB sold Feb 23 for $400K or $255/sf
11517 Maple Ridge Rd ... B1AC sold Apr 7 for $425K or $217/sf
11502 Hickory Cluster ... B3AB sold Jul 17 for $400K or $255/sf
2014
11522 Maple Ridge Rd ... B1B2 sold Feb 3 for $350K or $277/sf
11583 Maple Ridge Rd ... B2B3 sold Feb 20 for $399.9K or $202/sf
11522 Hickory Cluster ... B3C1 sold Jun 2 for $380K or $304/sf
11525 Hickory Cluster ... B3AA sold Jun 4 for $385K or $281/sf
11597 Maple Ridge Rd ... B2B2 sold Jun 12 for $399.5K or $316/sf
11506 Maple Ridge Rd ... B1B2 sold Jun 23 for $375K or $297/sf
2013
11539 Hickory Cluster ... B3AB sold Jun 28 for $362K or $231/sf
11597 Maple Ridge Rd ... B2B2 sold Jul 23 for $370K or $293/sf
11516 Hickory Cluster ... B3C2 sold Jul 24 for $376K or $233/sf
11511 Maple Ridge Rd ... B1AB sold Sep 11 for $370.5K or $236/sf
11527 Maple Ridge Rd ... B1AA sold Oct 22 for $359.9K or $262/sf
11591 Maple Ridge Rd ... B2B2 sold Dec 30 for $380K or $301/sf
RESALE MARKET VALUE INCREASES ... 2009-24
11599 Maple Ridge Rd ... B2B2 sold Feb 13 for $429K or $339/sf*
11530 Hickory Cluster ... B3AB sold Feb 22 for $435K or $277/sf*
11521 Maple Ridge Rd ... B1AB rented Apr 19 for $2500
11539 Maple Ridge Rd ... B2A2B sold Jul 8 for $510K or $237/sf
11500 Maple Ridge Rd ... B1B2 listed Mar 15 for $399.9K, de-listed
11525 Hickory Cluster ... B3AA rented Oct 2 for $2195
11512 Maple Ridge Rd ... B1B2 sold Dec 5 for $415K or $328/sf
11520 Hickory Cluster ... B3C1 sold Dec 13 for $435K or $349/sf
2018
11540 Hickory Cluster ... B3AA rented Feb 25 for $1690
11524 Maple Ridge Rd ... B1B2 sold May 4 for $399K or $316/sf*
11522 Hickory Cluster ... B3C1 rented May 23 for $2195
11512 Hickory Cluster ... B3C2 sold Jun 1 for $461K or $285/sf*
11569 Maple Ridge Rd ... B2B3 sold Jun 1 for $443.8K or $223/sf
11575 Maple Ridge Rd ... B2B3 sold Aug 6 for $430K or $218/sf
11533 Hickory Cluster ... B3A2B sold Aug 24 for $485K or $225/sf
11524 Maple Ridge Rd ... B1B2 sold Oct 4 for $399.9K or $316/sf
11577 Maple Ridge Rd ... B2B3 sold Nov 5 for $425K or $215/sf*
11599 Maple Ridge Rd ... B2B2 sold Nov 6 for $285K or $225/sf
2017
11577 Maple Ridge Rd ... B2B3 rented Jan 3 for $2100
11587 Maple Ridge Rd ... B2B3 sold Jan 31 for $390K or $196/sf
11507 Hickory Cluster ... B3B2 sold Mar 17 for $387.5K or $307/sf
11539 Maple Ridge Rd ... B2A2B sold May 11 for $435K or $202/sf*
11532 Hickory Cluster ... B3A2B rented May 1 for $2395
11521 Maple Ridge Rd ... B1AB rented May 29 for $2100
11591 Maple Ridge Rd ... B2B2 listed Aug 3, rented for $2250
11542 Hickory Cluster ... B3AC sold Oct 23 for $428.5K or $273/sf
11549 Maple Ridge Rd ... B2AB sold Oct 27 for $370K or $236/sf*
11518 Hickory Cluster ... B3C1 rented Nov 4 for $1950
2016
11533 Maple Ridge Rd ... B2AA sold Jan 11 for $386K or $281/sf
11509 Maple Ridge Rd ... B1AC sold Mar 28 for $375K or $191/sf
11514 Hickory Cluster ... B3C2 sold Apr 22 for $380K or $235/sf
11581 Maple Ridge Rd ... B2B3 sold May 27 for $385K or $195/sf
11531 Hickory Cluster ... B3AB sold Jul 29 for $397.5K or $254/sf
11515 Hickory Cluster ... B3B2 sold Aug 5 for $410K or $324/sf
11510 Maple Ridge Rd ... B1B2 sold Aug 31 for $405K or $320/sf
11517 Maple Ridge Rd ... B1AC sold Sep 22 for $476K or $243/sf
11577 Maple Ridge Rd ... B2B3 listed Sep 1 for $419K or $212/sf
11522 Hickory Cluster ... B3C1 sold Dec 6 for $399.9K or $320/sf
11577 Maple Ridge Rd ... B2B3 listed Nov 19 for $410K or $208/sf
also listed Nov 18 as rental for $2300
2015
11577 Maple Ridge Rd ... B2B3 sold Jan 9 for $374.1K or $189/sf
11530 Hickory Cluster ... B3AB sold Feb 23 for $400K or $255/sf
11517 Maple Ridge Rd ... B1AC sold Apr 7 for $425K or $217/sf
11502 Hickory Cluster ... B3AB sold Jul 17 for $400K or $255/sf
2014
11522 Maple Ridge Rd ... B1B2 sold Feb 3 for $350K or $277/sf
11583 Maple Ridge Rd ... B2B3 sold Feb 20 for $399.9K or $202/sf
11522 Hickory Cluster ... B3C1 sold Jun 2 for $380K or $304/sf
11525 Hickory Cluster ... B3AA sold Jun 4 for $385K or $281/sf
11597 Maple Ridge Rd ... B2B2 sold Jun 12 for $399.5K or $316/sf
11506 Maple Ridge Rd ... B1B2 sold Jun 23 for $375K or $297/sf
2013
11539 Hickory Cluster ... B3AB sold Jun 28 for $362K or $231/sf
11597 Maple Ridge Rd ... B2B2 sold Jul 23 for $370K or $293/sf
11516 Hickory Cluster ... B3C2 sold Jul 24 for $376K or $233/sf
11511 Maple Ridge Rd ... B1AB sold Sep 11 for $370.5K or $236/sf
11527 Maple Ridge Rd ... B1AA sold Oct 22 for $359.9K or $262/sf
11591 Maple Ridge Rd ... B2B2 sold Dec 30 for $380K or $301/sf
RESALE MARKET VALUE INCREASES ... 2009-24
11506 Maple Ridge Rd, Block 1 Model B2 (B1B2)
Sold Jun 23, 2014 for $375K
Sold Dec 11, 2023 for $550K ... +$175K or +46.7%
11575 Maple Ridge Rd, Block 2 Model B3 (B2B3)
Sold Aug 6, 2018 for $430K
Sold Aug 22, 2023 for $650K ... +$220K or +51%
11513 Maple Ridge Rd, Block 1 Model AC (B1AC)
Sold Jul 2, 2021 for $659K
Sold Jul 7, 2023 for $721K ... +$62K or +9.4%
11506 Hickory Cluster, Block 3 Model AB (B3AB)
Sold Sep 15, 2020 for $449K
Sold Jun 6, 2023 for $570K ... +$121K or +27%
11544 Hickory Cluster, Block 3 Model A2B (B3A2B)
Sold Apr 8, 2009 for $375.5K
Sold Oct 11, 2022 for $700K ... +$324.5K or +86.4%
11591 Maple Ridge Rd, Block 2 Model B2 (B2B2)
Sold Dec 30, 2013 for $380K
Listed/De-listed Sep 29, 2022 for $550K ... +$170K or +44.7%
11531 Hickory Cluster, Block 3 Model AB (B3AB)
Sold Jul 29, 2016 for $397.5K
Sold Sep 23, 2022 for $549.5K ... +$152K or +38%
11533 Maple Ridge Rd, Block 2 Model AA (B2AA)
Sold Jan 11, 2016 for $386K
Sold Sep 27, 2022 for $550K ... +$164K or +42.5%
11533 Hickory Cluster, Block 3 Model A2B (B3A2B)
Sold Aug 24, 2018 for $485K
Sold Sep 23, 2022 for $549.5K ... +$64.5K or +13.3%
11563 Maple Ridge Rd, Block 2 Model A2B (B2A2B)***
Sold Sep 15, 2021 for $480K
Sold Feb 3, 2022 for $745.2K ... +$265.2K or +55.3%
11500 Hickory Cluster, Block 3 Model AC (B3AC)
Sold Jan 21, 2020 for $499.9K
Listed Oct 28, 2021 for $660K ... +$160.1K or +32%
11597 Maple Ridge Rd, Block 2 Model 2 (B2B2)
Sold Jun 12, 2014 for $399.5K
Sold Sep 30, 2021 for $520K ... +$120.5K or +30.2%
11581 Maple Ridge Rd, Block 2 Model B3 (B2B3)
Sold Feb 11, 2020 for $480K
Sold Oct 23, 2020 for $529.6K ... +$49.6K or +10.3%
11599 Maple Ridge Rd, Block 2 Model B2 (B2B2)
Sold Feb 13, 2019 for $429K
Listed Aug 14, 2020 for $449K ... +$20K or +4.7%
11599 Maple Ridge Rd, Block 2 Model B2 (B2B2)
Sold Feb 13, 2019 for $429K
Listed Aug 14, 2020 for $449K ... +$20K or +4.7%
Sold Oct 2, 2020 for $490K ... +$61K or +14.2%
11581 Maple Ridge Rd, Block 2 Model B3 (B2B3)
Sold May 27, 2016 for $385K
Sold Feb 11, 2020 for $480K ... +$95K or +24.6%
11522 Maple Ridge Rd, Block 1 Model B2 (B1B2)
Sold Jun 4, 2014 for $350K
Sold Jan 22, 2020 for $446K ... +$96K or +27.4%
11539 Maple Ridge Rd, Block 2 Model A2B (B2A2B)
Sold May 11, 2017 for $435K
Sold Jul 8, 2019 for $510K** ... +$75K or +17.2%
11530 Hickory Cluster, Block 3 Model AB (B3AB)
Sold Feb 23, 2015 for $400K
Sold Feb 22, 2019 for $435K ... +$35K or +8.8%
11599 Maple Ridge Rd, Block 2 Model B2 (B2B2)
Sold Nov 6, 2018 for $285K
Sold Feb 13, 2019 for $429K ... +$144K or +51%
11577 Maple Ridge Rd, Block 2 Model B3 (B2B3)
Sold Jan 9, 2015 for $374.1K
Listed Sep 1, 2016 for $419K ... +$44.9K or +12% ... de-listed
Re-listed Nov 19, 2016 for $410K ... +$35.9K or +10% ... de-listed
Rented Jan 3, 2017 for $2100
Sold Nov 5, 2018 for $425K ... +$50.9K or +13.6%
11524 Maple Ridge Rd, Block 1 Model B2 (B1B2)
Sold May 4, 2018 for $399K
Sold Oct 4, 2018 for $399.9K ... +$0.9K or +0.22%
11522 Hickory Cluster, Block 3 Model C1 (B3C1)
Sold Jun 2, 2014 for $380K
Sold Dec 6, 2016 for $399.9K ... +$19.9K or +5%
11517 Maple Ridge Rd, Block 1 Model AC (B1AC)
Sold Apr 7, 2015 for $425K
Sold Sep 22, 2016 for $476K ... +$51K or +12%
11597 Maple Ridge Rd, Block 2 Model B2 (B2B2)
Sold Jul 23, 2013 for $370K
Sold Jun 12, 2014 for $399.5K ... +$29.5K or +8%
11581 Maple Ridge Rd, Block 2 Model B3 (B2B3)
Sold May 27, 2016 for $385K
Sold Feb 11, 2020 for $480K ... +$95K or +24.6%
11522 Maple Ridge Rd, Block 1 Model B2 (B1B2)
Sold Jun 4, 2014 for $350K
Sold Jan 22, 2020 for $446K ... +$96K or +27.4%
11539 Maple Ridge Rd, Block 2 Model A2B (B2A2B)
Sold May 11, 2017 for $435K
Sold Jul 8, 2019 for $510K** ... +$75K or +17.2%
11530 Hickory Cluster, Block 3 Model AB (B3AB)
Sold Feb 23, 2015 for $400K
Sold Feb 22, 2019 for $435K ... +$35K or +8.8%
11599 Maple Ridge Rd, Block 2 Model B2 (B2B2)
Sold Nov 6, 2018 for $285K
Sold Feb 13, 2019 for $429K ... +$144K or +51%
11577 Maple Ridge Rd, Block 2 Model B3 (B2B3)
Sold Jan 9, 2015 for $374.1K
Listed Sep 1, 2016 for $419K ... +$44.9K or +12% ... de-listed
Re-listed Nov 19, 2016 for $410K ... +$35.9K or +10% ... de-listed
Rented Jan 3, 2017 for $2100
Sold Nov 5, 2018 for $425K ... +$50.9K or +13.6%
11524 Maple Ridge Rd, Block 1 Model B2 (B1B2)
Sold May 4, 2018 for $399K
Sold Oct 4, 2018 for $399.9K ... +$0.9K or +0.22%
11522 Hickory Cluster, Block 3 Model C1 (B3C1)
Sold Jun 2, 2014 for $380K
Sold Dec 6, 2016 for $399.9K ... +$19.9K or +5%
11517 Maple Ridge Rd, Block 1 Model AC (B1AC)
Sold Apr 7, 2015 for $425K
Sold Sep 22, 2016 for $476K ... +$51K or +12%
11597 Maple Ridge Rd, Block 2 Model B2 (B2B2)
Sold Jul 23, 2013 for $370K
Sold Jun 12, 2014 for $399.5K ... +$29.5K or +8%
LOCAL RESALE BUYER ISSUES OF NOTE
Every housing market has unique issues of note or concern to home buyers. On the West Coast, it's earthquakes, landslides, and wildfires. In the Midwest and South, it's tornados and hurricanes. And some general issues cut across geographic boundaries, like construction materials and building permits. Here are some buyer issues of note for remodeled or renovated Fairfax County homes, including Hickory Cluster Goodman Houses:
RADON GAS ... Radon, an odorless, colorless, radioactive gas has been identified as a major nationwide cause of lung cancer by the Federal Government. It has also been identified as a probable risk in Fairfax County homes, including Hickory Cluster Goodman Houses, that may require pump remediation systems to reduce indoor radon infiltration and risk. See the corresponding Fairfax County Radon webpage for maps and other information, and consult respective professionals for possible radon review, testing, analysis, and remediation.
ASBESTOS ADHESIVE ... 1960s Mid-Century Modern homes nationwide were originally built using some materials now considered to be environmentally harmful. Lead paint, not banned until 1978, is one example. Another is wood parquet floors typically installed with black mastic adhesive that contains asbestos fibers. All Hickory Cluster Goodman Houses had ground floor wood parquet tiles installed during original construction. If asbestos fibers in the mastic adhesive holding the wood tiles to the concrete slab are sufficiently disturbed and become airborne, an HVAC system, home, and indoor air could be contaminated. Therefore, if your Goodman House ground floor wood parquet floors have been replaced with any other material, consult respective professionals for possible asbestos review, testing, analysis, and remediation.
BUILDING PERMITS ... Local jurisdictions, including Fairfax County, require building permits to ensure that home renovations are completed according to state building safety codes. And buyers may inherit responsibility for obtaining permits or final approvals if the process is not completed by sellers before purchase transaction settlement. Visit the Fairfax Inspections Database Online (FIDO) to identify county building permit and approval status by street address, and ensure before settlement that home renovation work was properly permitted, approved, and completed according to code.
REAL ESTATE MARKET TRENDS 2016-22
"Single-family landlords eager to profit from soaring rents in the United States have stepped up their purchases of houses. Deals by investors ... helped push up prices more than 20 percent on average, squeezing out normal buyers ... according to ... Moody Analytics. Investors accounted for 26 percent of single-family purchases in the third quarter ... . A third of the investor purchases involved flippers, down from a half one year earlier."
- The Washington Post, January 11, 2022, page A16
"U.S. home prices surged again in October as the housing market continues to boom in the wake of last year's coronavirus recession. The Standard and Poors CoreLogic Case-Shiller 20-city home price index, out Tuesday, climbed 18.4 percent in October from a year earlier. ... The housing market has been strong thanks to rock-bottom mortgage rates, a limited supply of homes on the market, and pent-up demand from consumers locked in last year by the pandemic. Many Americans, tired of being cooped up at home during the pandemic, are looking to trade up from apartments to homes or to bigger houses. ... The National Association of Realtors reported last week that sales of previously occupied homes rose for the third straight month in November ... ."
- The Washington Post, December 29, 2021, page A12
"A forward-looking gauge of U.S. home purchases rebounded in October to a 10-month high, signaling steady housing demand despite growing affordability concerns among many prospective buyers. The National Association of Realtors' index of pending home sales increased 7.5 percent from a month earlier ... . Low mortgage rates and solid job growth have supported housing demand this year as pandemic-weary buyers seek more spacious accommodations. Existing-home sales are ... the strongest in 15 years. ... Still, competition over a scant number of listings -- particularly on the lower, more affordable end of the resale market -- has pushed prices out of reach for many prospective buyers. Builders have struggled to fill the void as supply-chain delays and labor shortages upend construction schedules, exacerbating the inventory crunch. ... ."
- The Washington Post, November 30, 2021, page A18
" ... According to the latest data from the Mortgage Bankers Association, the ... purchase (loan application volume, last week) index rose 2 percent ... . This fall's higher mortgage rates and low inventory levels have not cooled home-buyer demand. Purchase applications increased for the second consecutive week and continue to trail year-ago levels only slightly."
- The Washington Post, November 20, 2021, Real Estate Section page 11
"U.S. home prices soared in July by a record amount from a year earlier as buyers desperate for homes bid up prices amid a limited supply. The S+P CoreLogic Case-Shiller 20-city home price index surged 19.9 percent in July compared to a year ago, the largest gain on records dating back to 2000. In 17 of 20 cities, prices rose more quickly in July than in June. And prices reached all-time highs in 19 of 20 cities ... . Sales of new and existing homes have jumped this year, driven by low mortgage rates and a desire for more living space during the pandemic. Sales of existing homes are up 16 percent in the first eight months of 2021 compared with last year, and they're up 12 percent from the same period in 2019. ... The rising prices are making it harder for younger would-be buyers to purchase a home. ... Meanwhile, investors snapped up 15 percent of homes in August, up slightly from a year earlier. ... "
- The Washington Post, September 29, 2021, page A16
"U.S. (nationwide) single-family home building fell for a second straight month in August as builders continued to struggle with shortages of materials and labor ... . The report from the Commerce Department also showed ... reluctance by builders to take on new projects. Builders' ability to ramp up the production of single-family homes amid a sweeping housing shortage is driving up prices and keeping some first-time buyers from the market. ... The decline was, however, offset by a surge in starts for the volatile multifamily segment. ... Single family starts ... rose in the Northeast and the densely populated South."
- The Washington Post, September 22, 2021, page A18
"U.S. pending home sales (overall) declined for a second straight month in July as limited inventory and soaring prices deterred some prospective home buyers. ... according to National Association of Realtors data released Monday. The figures underscore how sky-high prices for a limited number of listings are discouraging many Americans from buying a home. Looking ahead, loosening inventory constraints paired with still-low borrowing costs should support buyer demand. ... A separate report last week showed that sales of previously owned U.S. homes rose in July for a second month, suggesting firmer housing demand as inventory constraints eased slightly. That said, prices have jumped over the course of the pandemic."
- The Washington Post, August 31, 2021, page A15
Why client did not submit the best offer for a well-maintained Hickory Cluster Goodman House?
"(Client offer price) went too low. Did not really want it."
- Prominent local Realtor comment, August 24, 2021
"Sales of previously occupied U.S. homes rose for the second consecutive month in July, though only modestly from a year ago, suggesting the red-hot housing market may be cooling a little. .... Sales above $500,000 rose last month, while those below that tier fell ... Would-be home buyers who have been trying to navigate the most competitive market in more than a decade had perhaps a wider selection to consider at the end of July ... but it was still down 12 percent from July of last year. ... "
- The Washington Post, August 24, 2021, page A12
"Dear Homeowner ... I am currently working with an incredible family who has their hearts set on moving into Hickory Cluster. ... and it is their dream to make your neighborhood home for their growing family. Currently there are no homes in this neighborhood for sale. In an attempt to find them their dream home, we decided that we would reach out directly to see who may be thinking about selling either now or in the near future. ... "
- Caza Group Reston Realtor Skylar Lambiase card letter, March 2021
"U.S. home sales dropped to a six-month low in February amid cold weather in many parts of the country and record-low supply, and a rebound could be muted by rising mortgage rates and higher house prices. Still, the report from the National Association of Realtors on Monday showed robust demand, with houses staying on the market for a record-low 20 days after being listed. ... "
-The Washington Post, March 23, 2021, page A17
"U.S. home sales rose unexpectedly in January despite tight inventories boosting prices. ... Sales have been increasing even as contracts have been declining. ... Home resales, which amount for the bulk of U.S. home sales, surged 23.7 percent on a year-on-year basis. The housing market - the economy's star performer during the recession caused by the coronavirus pandemic - is being supported by historically low mortgage rates and demand for spacious accommodations for home offices and schooling, mostly in the suburbs and other low-density areas. But demand has far outstripped supply, driving up home prices. About 23.2 percent of the labor force is working from home. ... "
- The Washington Post, February 30, 2021, page A14
"Home prices in 20 U.S. cities gained in November, as historically low mortgage rates continued to fuel the booming housing market. The S+P CoreLogic Case-Shiller index of property values climbed 9.1 percent from a year earlier. It was the biggest jump since May 2014 and followed an 8 percent gain in October. Nationally, the Case-Shiller index gained 9.5 percent in November, also the most since 2014. Historically, low borrowing costs have fueled a U.S. housing boom, despite the economic fallout from the pandemic. With Americans buying up homes in the suburbs, a scarce inventory of properties to purchase has met surging demand to drive up prices. ... "
- The Washington Post, January 27, 2021, page A20
"U.S. home prices jumped in October by the most in more than six years as a pandemic-fueled buying rush drives the number of available properties for sale to record lows. That combination of strong demand and limited supply pushed home prices up 7.9 percent in October compared with 12 months ago, according to Tuesday's (December 29) Standard and Poors CoreLogic Case-Shiller 20-city home price index. That's the largest annual increase since June 2014. ... "
- The Washington Post, December 30, 2020, page A11
"U.S. home prices jumped in September as strong demand, low interest rates, and the smallest number of available homes on record combined to push up housing costs. The S+P CoreLogic Case-Shiller 20-city home price index ... showed that home prices rose 6.6 percent in September from a year earlier ... the biggest increase since April 2018. The coronavirus pandemic disrupted the spring home-buying season, pushing many sales into the late summer and fall. Home sales jumped to the highest level in 14 years in September, a sign that the increased ability of some Americans to work from home and the desire for more space are spurring greater demand."
- The Washington Post, November 25, 2020, page A17
" ... interest in the DC area's mid-century housing market remains high. ... renewed interest as part of a generational shift, with younger buyers being attracted to the uniqueness and "cool" factor of mid-century modern homes. ... with the increased desirability of mid-century houses comes a renewed respect for preservation of their style, compared to past years where the occasional homeowner would make incongruent additions or renovations. ... exciting to see people care so much about the house being designed in the way that it was, for the reasons that it was, and not wanting to tamper with it. ...
- dc.urbanturf.com, November 10, 2020
"More Americans signed contracts to buy homes in August, suggesting that the hot U.S. housing market will continue to churn well into fall. The National Association of Realtors said Wednesday that its index of pending sales rose 8.8 percent to a record of 132.8. An index of 100 represents the level of contract activity in 2001. It had sunk to a low of 69 in April as the coronavirus swept through the nation. Contract signings are a barometer or finalized purchases over the next two months, so this month's numbers point to strong sales in October. ... "
- The Washington Post, October 1, 2020, page A15
"Mending from the sudden sharp drop in activity due to the coronavirus crisis, real estate across the United States is heating up, rekindled by growing demand and insufficient supply. The National Association of Realtors (NAR) pending home sales index, a future-looking indicator of completed sales based on signed contracts, posted a staggering comeback in May ... spiked 44.3 percent, registering the highest month-over-month increase since its inception in 2001. ... the 30-year fixed rate (mortgage) average fell to a historic low of 3.03 percent ... it's lowest level since Freddie Mac began tracking mortgage rates in 1971. ... new listings remain about 22 percent below their level from a year ago in May ... This has not only exacerbated the chronic shortage of homes for sale, it has done so during the months when sellers are typically most engaged. ... The pronounced seller's market has bouyed home values, contrary to early expectations of deflated prices resulting from a coronavirus-chilled real estate industry ... even though demand has certainly been impacted by the much weaker job market, supply has fallen even more. ... "
- The Washington Post, July 11, 2020, Real Estate Section, pages 9, 10, 14
"Right now, we are seeing a slow down in homes being listed, but most homes on the market are still selling quickly as the buyer demand has long been higher than inventory available. There is still uncertainty about whether there will be a decline in home prices. ... historically ... in 3 of the last 5 recessions, housing prices actually went up. the most recent recession of 2008 was caused by the housing market, so of course home values went down. That is nothing like what we are seeing right now. Despite the soaring unemployment and the struggles of many small businesses, homeowners are in better shape now than in 2008. Home equity loans have been in decline since 2010 and equity in homes has increased since then. In fact, 37% of homeowners own their homes free and clear. So it is not likely that we will see the number of foreclosed homes that we saw around 2008."
- Caza Group Reston Realtor Rob Chevez email, April 8, 2020
" ... Redfin is furloughing 41 percent of its (employee) real estate agents and 7 percent of its overall staff because the novel coronavirus pandemic has severely curtailed home-buying and selling this spring. ... through September 1. ... Redfin reported that pending sales were down 42 percent ... home-buying demand was down 33 percent ... and new listings were down 33 percent compared to the previous year. Despite the discouraging numbers ... this downturn can't be compared to what happened to the housing market during the (2007-09) Great Recession ... " ... because back then housing was the culprit ... " ."
- The Washington Post, April 8-9, 2020, online and page A19
"The Real Estate Market is on Fire, BUT ... it's coming with some major challenges for buyers due to extremely low home inventory levels. ... giving sellers a ton of leverage when applied correctly. ... "
- Caza Group Reston Realtor Rob Chevez email, February 24, 2020
" ... Under contract in 2 days, multiple offers, $30K above asking (price), highest sale (price) for this (Block 2, Model B3) model. ... Driven by a shared passion for Reston and its iconic modern architecture, our specific marketing plan connects with those who desire a home like yours. We advocate for our clients, with diligent attention to their unique needs. ... "
- listmodern.com Realtor Matt Flood postcard, February 2020
" ... I'm convinced we will see tight inventory and bidding wars again. Buyers will gladly take advantage of low interest rates. Reston continues to grow at a rapid pace and housing prices will continue to rise faster than surrounding Fairfax (County). ... 1,309 homes sold in Reston in 2019. That's virtually the same as last (year) 2018. This is the first year without an increase in the last 6 years. Most of the new construction in our area consists of luxury rentals, which are not for sale. ... (Townhomes were 39.1% of 2019 home sales.)
- Around Reston Magazine, Winter/Spring (February) 2020, page 58
"U.S. home sales climbed 3.8 percent in December, but a record-low inventory of houses on the market has caused prices to increase amid worsening affordability. ... Sales listings have tumbled 8.5 percent from a year ago ... . There is just a three month's supply of single-family houses for sale, the lowest level since the (National Association of Realtors) association began tracking the number in 1982. ... "
- The Washington Post, January 23, 2020, page A17
"The real estate market is hot in Reston ... best we have seen / lowest inventory in our 50+ years. Currently there are just 12 detached homes and 16 townhomes for sale in all of Reston. ... "
- Samson Reston Realtor Jon Querolo postcard, January 2020
" ... In September, we had 1.5 Months of Supply in Reston. ... A balanced market is typically defined as having a 3 month supply. This means it is still a strong Seller's Market in Reston. ... the number of homes available on any given day has been decreasing for the last 5 years. ... Most homes in Reston receive a contract in 17 days. ... (and) sold for 99.7% of their asking price. ... "
- Around Reston Magazine, Fall/Winter (November) 2019, page 58
" ... The National Association of Realtors index of pending home sales increased 6.3 percent in September from a year earlier on an unadjusted basis, the biggest gain since August 2015. On a monthly adjusted basis, contracts rose 1.5 percent."
- The Washington Post, October 30, 2019, page A16
" ... Existing-home sales are up 3.9 percent from a year ago, but September's (overall U.S. home sales) dip shows the limits of the boost declining mortgage rates have been providing. As average mortgage rates have fallen nearly a whole percentage point in the past year to 3.61 percent in September, higher prices and a lack of listings have put a ceiling on the growth seen this past summer."
- The Washington Post, October 23, 2019, page A16
" ... Even as other markets nationwide have experienced increases in the number of homes for sale and slowing price increases, the capital region remains a seller's market in many neighborhoods. "The things that have been driving the market so far this year aren't changing, so this fall we'll see more of the same in the regional housing market," says Chris Finnegan, vice president of marketing and communications for Bright MLS. ... Those driving forces ... include low mortgage rates, strong employment and the Amazon effect ... . The region is economically healthy because of the strength of the local labor market, says Terry Clower, director of the Center for Regional Analysis at George Mason University ... . "The supply of homes is extremely low and what's on the market goes for premium prices," Finnegan says. Low inventory continues to plague the District and Northern Virginia ... . Northern Virginia, Finnegan says, is "on fire because of Amazon." the Amazon decision should have a ripple effect and encourage more tech companies to locate to the region." Clower says ... there's a shift in consumer preferences. "The big home on a large lot near public transit is not a hot market ... "
- The Washington Post, September 15, 2019, Real Estate Section, page 8
" ... Buyers waiting for the perfect new home will need to be patient as the pace of new listings has slowed. ... (The following is) a quick glance of how the real estate market performed in June compared to the last 5 years. There was an increase in homes closed and under contract in June. The number of active listings and months of supply were down significantly. It all adds up to a lower home inventory on any given day and that will continue to put upward pressure on pricing."
- Around Reston Magazine, Summer/Fall (August) 2019, page 38
"We continue to see a decline in the number of homes available on any given day. ... The Median Days on Market in Reston has also been in decline. ... some homes selling in days instead of weeks or months. ... Overall the Reston Real Estate Market is very healthy with prices trending up and homes selling quickly. ... Closed Sales are down (98 in March 2019 vs. 104 for five year March average) and New Pendings (146 vs. 142) are up. Active Listings (159 vs. 205) are way down. ... "
- Around Reston Magazine, Spring/Summer (May) 2019, page 54
" ... The scarcity of new home construction is one reason why prices remain high. An October report by the Metropolitan Washington Council of Governments found the region needs to increase the number of housing units by 100,000 homes between now and 2045 to sustain economic growth and improve quality of life. ... The Burns home value index predicts price growth of 2 to 3 percent for all housing types ... . We still see low supply, which will put pressure on prices. ... We also expect that the economic cycle will slow the pace of economic growth in the region, even with the first phase of (Amazon) HQ2, and that should, theoretically, keep housing price increases bound within the range of 2.8 percent to 3.2 percent. ... "
- Washington Post, March 30, 2019, Real Estate Section, page 12
"Sales of previously owned U.S. homes rebounded in February to the fastest pace in almost a year, topping estimates and snapping a three-month streak of declines to offer a robust indication that the housing market is stabilizing after last year's slump. Contract closings rose 11.8 percent, the most since 2015 ... (according to) the National Association of Realtors ... ."
- The Washington Post, March 23, 2019, page A14
"We have a buyer looking to purchase a home in Hickory Cluster. If you're thinking of selling please give (me) a call. ... "
- Postcard, Reston homes specialist Realtor, February 2019
" ... Inventory levels are very low in Reston with the exception of Active Condos in 20190. ... As of 1/4/2019, we've received 10 new seller calls and we currently have 15 Active Buyers looking for Reston homes but we don't have any inventory. ... "
- Caza Group Reston Realtor Rob Chevez email, January 7, 2019
" ... My clients who lost out on that last (2018 Hickory Cluster) Goodman because they had a home sale contingency are now ready to buy without contingency. If you know of anything let me know. I will try to reach out to people there as well to see if anyone wants to sell. ..."
- Compass Modern Capital Realtor Michael Shapiro email, December 14, 2018
"The Reston real estate market remains hot despite the looming shift. Many markets across the country have already shifted from a Buyers Market to a Sellers Market, marked by declining home prices and an increase in home inventory. Reston has been resilient in years past so let's hope that continues to be the case. Supply and Demand: ... Three months of supply is considered a balanced market. ... Townhome sellers have the strongest advantage. Days on Market: ... Townhomes sold the fastest, typically getting a contract in less than 10 days! The length of time on market until contract is received has been trending down in Reston for the past ten years. Pricing Ratios: On average, sellers received just 97.5% (of original asking price, excluding any seller subsidy). ... Many sellers beat the average and sold for 100% or more of their original asking price."
- Around Reston Magazine, Fall/Winter (November) 2018, page 56
" ... speculation that the (Crystal City) site in Arlington County is a front runner to land the (Amazon) online retail giant's second North American headquarters and its 50,000 jobs. Even without Amazon, the Metropolitan Washington Council of Governments has estimated that the region needs to add 235,000 housing units by 2025 to keep pace with expected job growth. Amazon's arrival could push the goal to around 267,000 by 2026, according to a recent analysis by the Urban Institute. Right now the region is on pace to add only about 170,000 new units by then ... ." (A 97,000 shortfall in the supply of new housing units means higher demand and prices for existing housing units like Hickory Cluster.)
- The Washington Post, November 4, 2018, page A14
"U.S. consumer confidence rose again this month, hitting an 18-year high. ... Consumers do not foresee the economy losing steam anytime soon ... Rather, they expect the strong pace of growth to carry over into early 2019. ... " The CoreLogic Case-Shiller 20-City Composite Home Price Index increased 5.5 percent in August compared to a year earlier ... ."
- The Washington Post, October 31, 2018, page A20
" ... I'm in the neighborhood today because I have a motivated, well qualified buyer looking to specifically move into Hickory Cluster. My clients love the Charles Goodman mid-century modern designed units here in this subdivision. Unfortunately, right now, there is nothing available on the market, so I've been going door to door to see who might have an interest in selling. ... "
- Reston Realtor flyer, October 2018
"U.S. home sales unexpectedly fell in June, posting their third straight monthly decline as a persistent shortage of properties on the market drove house prices to a record high. The report Monday from the National Association of Realtors added ... there are growing concerns that the higher house prices and rising mortgage rates will cause demand to slow. ... "
- The Washington Post, July 24, 2018, page A10
" ... Home sales have leveled off this year as price increases and a dwindling supply of available properties have thwarted many would-be buyers. In addition, mortgage rates are moving up, partly because the Federal Reserve is lifting the short term rate it controls. That trend could also weigh on sales in the coming months."
- The Washington Post, June 8, 2018, page A15
"Global construction firm Bechtel Corp. plans to move its headquarters from San Francisco to Reston, VA (Reston Town Center) by the end of 2018 ... About 150 managers and employees are being asked to relocate to Reston from Houston and San Francisco. ... It was the eighth-largest recipient of federal contract dollars last year ... .
- The Washington Post, June 8, 2018, page A21
"U.S. home prices climbed in March with buyers paying a premium as the number of properties up for sale declines and mortgage rates increase. The Standard and Poors CoreLogic Case-Schiller 20-city home price index released Tuesday increased 6.8 percent in March from a year earlier. ... The home price index is slightly higher than the 2006 peak, before the housing market and the economy crashed. The steadily improving economy has helped bring back buyers and higher prices. Part of the reason prices are moving higher, according to data from the National Association of Realtors, is the declining number of listings on an annual basis for the past three years. Over the past 12 months, the number of sales listings has dropped 6.3 percent."
- The Washington Post, May 30, 2018, page A13
" ... the (Reston Association) Covenants Dept. has been experiencing a significant increase in Design Review applications and requests for resale disclosure documents, therefore the processing time has been longer than usual in recent months. ... " To help ensure quality, HCA has a minimum 14-day resale disclosure document preparation period with no rush service available. Therefore, HCA Members should plan accordingly and submit applications and requests well in advance of proposed project work or transaction settlement.
- RA News, April 20, 2018
About Hammond Wood, a community of 58 detached single-family homes on 15 acres in Montgomery County, Maryland built in 1951, also designed by 90-home, 18-acre, 1965 Hickory Cluster Architect Charles M. Goodman, FAIA: "Midcentury modern, tucked into trees ... no properties are for sale or under contract. In the past year, seven houses sold, ranging from a two-bedroom, one-bathroom single-level home for $340,000 to a four-bedroom, three-bathroom two-level property for $648,000. ... "
- The Washington Post, March 3, 2018, Real Estate Section, page 12
"U.S. sales of existing homes fell in January (2018) from a year earlier by the most in more than three years. Would-be buyers were stymied by rising prices and a shortage of homes. ... A lack of available homes is holding back sales, even as the NAR (National Association of Realtors) reports that demand is strong. ... "
- The Washington Post, February 22, 2018, page A13
" ... we are still seeing a severe lack of supply – mid-century modern and otherwise – as is the rest of the country. ... The National Association of Realtors (NAR) said the total supply of homes for sale in January was ... the fewest for any January since records began in 1999. Unsold inventory is at a 3.4-month supply at the current sales pace ... . In the DC area, the lack of supply is even more severe, creating a robust market for sellers. ... in Fairfax County, there is only a 1.2 months of supply."
- Modern Capital, February 22, 2018
"If You Love Midcentury Modern Architecture, You Have to Check Out Reston ... Why townhouses in the suburbs? “Simon’s whole idea was to design the anti-Levittown,” says real-estate agent Michael Shapiro, whose Modern Capital blog explores midcentury architecture around Washington. Rather than identical houses stretching down long streets, Simon envisioned higher-density pockets that would allow more communal acreage devoted to nature. Of the midcentury homes available today, Shapiro considers those in Reston to be hidden gems, in both style and affordability. Whereas Goodman houses in Alexandria’s Hollin Hills sell in the $800,000 range, for instance, his Hickory Cluster townhouses can go for less than $400,000. ... "
- Washingtonian Magazine, December 15, 2017
"Americans bought new homes in October (2017) at the fastest pace in a decade - a 6.2 percent monthly increase that reflects the strength of the economy and the worsening shortage of existing homes for sale. ... Many buyers are turning to new construction because there is a shrinking supply of existing homes for sale. But new construction has been unable to keep up with demand. The lack of properties on the market has fueled higher prices, creating affordability pressures."
- The Washington Post, November 28, 2017, page A9
"Home prices rose in 20 U.S. cities in June, reflecting a shortage of homes available for sale, according to Standard and Poors CoreLogic Case-Shiller data released Tuesday (August 29). Nationwide, values posted their largest advance in three years. A persistent inventory shortage for previously owned homes is keeping prices elevated at a time that housing demand is being sustained by a strong job market and still-low mortgage rates. ... "
- The Washington Post, August 30, 2017, page A16
"Millennials are ditching the cookie-cutter McMansion for the 'McModern' ... For nearly 40 years, the McMansion has dominated American suburbs. ... In recent years, the McMansion has fallen out of favor for a new type of home: the "McModern." Like the McMansion, the McModern is designed for the masses. But instead of borrowing from traditional architectural styles, McModerns take inspiration from modernist architecture, characterized by an emphasis on vertical or horizontal lines, ample natural light, and a clean aesthetic. ... popular with young, tech-focused, highly-educated millennials."
- Business Insider, August 7, 2017
"Contracts to buy previously owned U.S. homes unexpectedly fell in May ... as a lack of homes on the market crimped supply. ... Housing demand is being driven by a strong economy and tight labor market. A lack of inventory has pushed up prices ... ."
- The Washington Post, June 29, 2017, page A12
"Americans bought homes at a quicker pace in May. ... Sales have risen 2.7 percent over the past 12 months, but home buyers are facing greater financial and time pressures because of shrinking inventories ... Homes are staying on the market for a median of just 27 days. ... " (Goodman Houses are typically on the market zero to seven days.)
- The Washington Post, June 22, 2017, page A12
" ... tastes of buyers in the District have evolved to embrace modern architecture, which ... is more fluid; it embraces open floor plans and the space is more flexible, and natural light is more abundant. What we're seeing is a real appetite for avant-garde and contemporary, modern spaces. We've predicted for years that people would start to demand exceptional design, and I think we've arrived at that moment. ... People are gravitating away from the crown molding and the traditional look. ... They want natural light, they want windows. The urban marketplace has changed. ... Now that another development boom is underway, developers are starting to realize that contemporary designs are appealing to some high-end buyers more than re-creations of the past. ... A few years ago, modern buildings had a harder time finding buyers ... . Now ... we have people coming to us ... "
- The Washington Post, June 3, 2017, Real Estate Section, pages 12-14
"Mid-century modern homes in the DC area are flying off the market. My two new listings went under contract in a matter of days, not lasting for the planned open houses this weekend. Properties are intense seeing bidding wars, even properties being marketed off the multiple listing service. You have to move quick if you want snag one. ... "
- Modern Capital, May 7, 2017
"Home prices nationally reached a new high, surpassing the previous best set during the housing boom. ... However, adjusted for inflation, the (Standard and Poor's CoreLogic Case-Shiller) index remains about 16 percent below peak. The Case-Shiller index measures repeat sales of single-family homes. ... Washington had one of the smaller increases, rising 2.7 percent. ... After peaking in July 2006, home prices bottomed out in February 2012. ... steady rise in home values, which began in 2013 ... Low mortgage rates have helped fuel the rise in prices, as has a limited supply of homes for sale. ... It is led mostly by constrained home availability as buyers continue to battle over the few homes for sale ... ."
- The Washington Post, November 30, 2016, page A14
"Americans retreated from home buying in August (2016), with a worsening inventory shortage appearing to hurt sales and push prices higher ... the National Association of Realtors said. Fewer sellers are coming into the market, with inventory collapsing 10.1 percent from a year ago ... . Meanwhile, mortgage buyer Freddie Mac said the average 30-year fixed-rate mortgage stood at 3.48 percent this week, down from 3.86 percent a year ago."
- The Washington Post, September 24, 2016, page A14
ASSESSED AND MARKET VALUES
" ... The assessed value of properties may change for a variety of reasons. Among these are appreciation and value declines (or increases) (i.e., equalization changes); and structural changes (additions, remodeling); rezonings; and land divisions (i.e., growth). A combination of these factors can apply to the same property. ... Approximately 45% of residential properties experienced an assessment increase for 2017 due to equalization, and another 35% had no change for 2017. Approximately 20% experienced some level of assessment decrease. ... based on equalization changes, townhouse/duplex properties have ... an increase over 2016 of approximately 1.37% ... . It is important to note that these percentages represent the cumulative amount to the overall tax base and are not necessarily indicative of specific change to any particular, individual properties. Individual assessment changes may vary considerably. For residential property, for example, a key factor in determining the need to change assessments is the relationship of prior year assessments to selling prices within neighborhoods. ... "
- County of Fairfax Real Estate Division, February 14, 2017
For more information about County of Fairfax real estate services and taxes for individual properties with specific street addresses, view your own My Neighborhood Report or property tax record, respectively.
The graph at left shows 2000-17 annual assessed values as reported in Fairfax County public property tax records for two Hickory Cluster Goodman Houses, a Block 2 Model B3 and a Block 1 Model AC. Values for central Common Area units, end units, wider models, and carriage houses with carports can be higher than others, and assessed values can be 80-90 percent or more of actual resale market values. For the Block 1 Model AC, a 2017 assessed value of $423,260 exceeded the 2007 pre-recession boom market assessed value maximum of $414,640. And it did so despite significant storm damage that temporarily depressed the 2006 building assessed value of this individual unit to $0 while the respective land assessed value continued to align with external market conditions.
The Block 1 Model AC actual market value / sold price also exceeded real estate website automated running estimates that require manual corrections to conform to reality. As shown in the graph at right, Zillow grossly undervalued this home to be only $406,000 in July 2016, just before the $476,000 September 2016 sale ... and just before Zillow manually corrected the data and graph sharply upward. In fact, notoriously inaccurate automated Zillow Zestimates are often confused with actual market values or official appraisals by unaware prospective buyers hoping to pay lower prices, resulting in 2017 individual and class action seller lawsuits.
GOODMAN ARCHITECTURE
Hickory Cluster is a key element of Founder Robert E. Simon Jr.'s original historic Reston First Village centered around Lake Anne. And Hickory Cluster homes and landscape are significant and distinctive works of International Style Modern Architecture designed by world-renowned Architect Charles M. Goodman FAIA. Our community is " ... an ideal application of contemporary townhouse design to a naturally wooded site ... " with walls of glass framed by striking architectural elements, providing treehouse views, and integrating indoor and outdoor living.
" ... The appeal of living in a Goodman house is enormous to those who share his avant-garde spirit, plus his ideals for openness, engagement with nature, and liberal social values. There remains a solid housing market today for people who appreciate the simplicity amid nature and the progressivism that a Goodman house still offers. ... To those who are fortunate enough to obtain them, his dwellings feel like highly livable works of art, glazed conduits to the natural world. Perhaps far more than those who inhabited them early on, the houses offer a rarified experience that, contrary to their designer's intent, renders them well removed from any vernacular realm."
- Elizabeth Jo Lampl, Housing Washington, 2010
Reston Association Covenants and Design Review standards, and Hickory Cluster governing documents, were designed to protect unique and valuable Hickory Cluster building and landscape architectural integrity, resident quality of life, and overall property values.
" ... The design of the cluster is based on the overall composition of elements in blocks and houses, rather than a variety of distinctive differences in the design of individual houses. ... "
- HCA General Resolution 6, 1998
AND MORE ...
Location, location, location matters ... Hickory Cluster is easy walking distance from Lake Anne Village Center plaza, Lake Anne Elementary School, North Shore Pool, numerous tennis courts, and Reston Town Center. The new Wiehle Ave. Metrorail Phase 1 Silver Line station is within a mile and Dulles International Airport is within 15 minutes by car.
The Northern Virginia Stream Restoration Bank invested more than $870,000 in commercial developer environmental remediation funds to repair decades of erosion damage, redirect the streambed away from exposed sewer infrastructure, and enhance a 500+ ft. long area between Hickory Cluster Blocks 1 and 2, transforming an environmental liability into a valuable community asset, all at no direct cost to HCA Members. Work started September 19, 2016 and was completed in February 2017.
Reston RELAC LLC upgraded its chilled water plant in 2013 and has additional plans to more reliably and efficiently cool Hickory Cluster in future years, independent of Lake Anne water levels.
"Hickory Cluster is an amazing community located in the heart of Reston Virginia and designed by Charles Goodman. It’s occupied by people that love the design and “Work of Art” that IS Hickory Cluster. We have a large community of artists, architects, designers & photographers which makes our cluster by far the coolest cluster in all of Reston! The spacious open floor plan, floating stairs, hardwood floors and walls of glass make you fall in love the instant you walk in. The simple clean design reminds me of the iPad and Steve Jobs could have easily visited our cluster for inspiration. A special part of our cluster is how our community is connected with walking paths, and on a warm spring morning there is nothing more beautiful than to take a stroll down to Lake Anne or up to the Town Center. As you walk the paths your senses explode with a kaleidoscope of colors, smells and sounds of life in full bloom. These paths enrich our lives and lead us to places we love – the pool, tennis courts, play grounds, Lake Anne shops, restaurants and the farmers market. On warm summer nights, with the sliding glass door wide open, we enjoy Nature's symphony along with a nice glass a wine. In the distance you can hear the laughter of the Hickory Cluster kids as they chase fireflies and have fun. Life is good in Hickory Cluster."
"Mending from the sudden sharp drop in activity due to the coronavirus crisis, real estate across the United States is heating up, rekindled by growing demand and insufficient supply. The National Association of Realtors (NAR) pending home sales index, a future-looking indicator of completed sales based on signed contracts, posted a staggering comeback in May ... spiked 44.3 percent, registering the highest month-over-month increase since its inception in 2001. ... the 30-year fixed rate (mortgage) average fell to a historic low of 3.03 percent ... it's lowest level since Freddie Mac began tracking mortgage rates in 1971. ... new listings remain about 22 percent below their level from a year ago in May ... This has not only exacerbated the chronic shortage of homes for sale, it has done so during the months when sellers are typically most engaged. ... The pronounced seller's market has bouyed home values, contrary to early expectations of deflated prices resulting from a coronavirus-chilled real estate industry ... even though demand has certainly been impacted by the much weaker job market, supply has fallen even more. ... "
- The Washington Post, July 11, 2020, Real Estate Section, pages 9, 10, 14
- Caza Group Reston Realtor Rob Chevez email, April 8, 2020
" ... Redfin is furloughing 41 percent of its (employee) real estate agents and 7 percent of its overall staff because the novel coronavirus pandemic has severely curtailed home-buying and selling this spring. ... through September 1. ... Redfin reported that pending sales were down 42 percent ... home-buying demand was down 33 percent ... and new listings were down 33 percent compared to the previous year. Despite the discouraging numbers ... this downturn can't be compared to what happened to the housing market during the (2007-09) Great Recession ... " ... because back then housing was the culprit ... " ."
- The Washington Post, April 8-9, 2020, online and page A19
"The Real Estate Market is on Fire, BUT ... it's coming with some major challenges for buyers due to extremely low home inventory levels. ... giving sellers a ton of leverage when applied correctly. ... "
- Caza Group Reston Realtor Rob Chevez email, February 24, 2020
- listmodern.com Realtor Matt Flood postcard, February 2020
" ... I'm convinced we will see tight inventory and bidding wars again. Buyers will gladly take advantage of low interest rates. Reston continues to grow at a rapid pace and housing prices will continue to rise faster than surrounding Fairfax (County). ... 1,309 homes sold in Reston in 2019. That's virtually the same as last (year) 2018. This is the first year without an increase in the last 6 years. Most of the new construction in our area consists of luxury rentals, which are not for sale. ... (Townhomes were 39.1% of 2019 home sales.)
- Around Reston Magazine, Winter/Spring (February) 2020, page 58
"U.S. home sales climbed 3.8 percent in December, but a record-low inventory of houses on the market has caused prices to increase amid worsening affordability. ... Sales listings have tumbled 8.5 percent from a year ago ... . There is just a three month's supply of single-family houses for sale, the lowest level since the (National Association of Realtors) association began tracking the number in 1982. ... "
- The Washington Post, January 23, 2020, page A17
"The real estate market is hot in Reston ... best we have seen / lowest inventory in our 50+ years. Currently there are just 12 detached homes and 16 townhomes for sale in all of Reston. ... "
- Samson Reston Realtor Jon Querolo postcard, January 2020
" ... In September, we had 1.5 Months of Supply in Reston. ... A balanced market is typically defined as having a 3 month supply. This means it is still a strong Seller's Market in Reston. ... the number of homes available on any given day has been decreasing for the last 5 years. ... Most homes in Reston receive a contract in 17 days. ... (and) sold for 99.7% of their asking price. ... "
- Around Reston Magazine, Fall/Winter (November) 2019, page 58
" ... The National Association of Realtors index of pending home sales increased 6.3 percent in September from a year earlier on an unadjusted basis, the biggest gain since August 2015. On a monthly adjusted basis, contracts rose 1.5 percent."
- The Washington Post, October 30, 2019, page A16
" ... Existing-home sales are up 3.9 percent from a year ago, but September's (overall U.S. home sales) dip shows the limits of the boost declining mortgage rates have been providing. As average mortgage rates have fallen nearly a whole percentage point in the past year to 3.61 percent in September, higher prices and a lack of listings have put a ceiling on the growth seen this past summer."
- The Washington Post, October 23, 2019, page A16
" ... Even as other markets nationwide have experienced increases in the number of homes for sale and slowing price increases, the capital region remains a seller's market in many neighborhoods. "The things that have been driving the market so far this year aren't changing, so this fall we'll see more of the same in the regional housing market," says Chris Finnegan, vice president of marketing and communications for Bright MLS. ... Those driving forces ... include low mortgage rates, strong employment and the Amazon effect ... . The region is economically healthy because of the strength of the local labor market, says Terry Clower, director of the Center for Regional Analysis at George Mason University ... . "The supply of homes is extremely low and what's on the market goes for premium prices," Finnegan says. Low inventory continues to plague the District and Northern Virginia ... . Northern Virginia, Finnegan says, is "on fire because of Amazon." the Amazon decision should have a ripple effect and encourage more tech companies to locate to the region." Clower says ... there's a shift in consumer preferences. "The big home on a large lot near public transit is not a hot market ... "
- The Washington Post, September 15, 2019, Real Estate Section, page 8
" ... Buyers waiting for the perfect new home will need to be patient as the pace of new listings has slowed. ... (The following is) a quick glance of how the real estate market performed in June compared to the last 5 years. There was an increase in homes closed and under contract in June. The number of active listings and months of supply were down significantly. It all adds up to a lower home inventory on any given day and that will continue to put upward pressure on pricing."
- Around Reston Magazine, Summer/Fall (August) 2019, page 38
"We continue to see a decline in the number of homes available on any given day. ... The Median Days on Market in Reston has also been in decline. ... some homes selling in days instead of weeks or months. ... Overall the Reston Real Estate Market is very healthy with prices trending up and homes selling quickly. ... Closed Sales are down (98 in March 2019 vs. 104 for five year March average) and New Pendings (146 vs. 142) are up. Active Listings (159 vs. 205) are way down. ... "
- Around Reston Magazine, Spring/Summer (May) 2019, page 54
" ... The scarcity of new home construction is one reason why prices remain high. An October report by the Metropolitan Washington Council of Governments found the region needs to increase the number of housing units by 100,000 homes between now and 2045 to sustain economic growth and improve quality of life. ... The Burns home value index predicts price growth of 2 to 3 percent for all housing types ... . We still see low supply, which will put pressure on prices. ... We also expect that the economic cycle will slow the pace of economic growth in the region, even with the first phase of (Amazon) HQ2, and that should, theoretically, keep housing price increases bound within the range of 2.8 percent to 3.2 percent. ... "
- Washington Post, March 30, 2019, Real Estate Section, page 12
"Sales of previously owned U.S. homes rebounded in February to the fastest pace in almost a year, topping estimates and snapping a three-month streak of declines to offer a robust indication that the housing market is stabilizing after last year's slump. Contract closings rose 11.8 percent, the most since 2015 ... (according to) the National Association of Realtors ... ."
- The Washington Post, March 23, 2019, page A14
"We have a buyer looking to purchase a home in Hickory Cluster. If you're thinking of selling please give (me) a call. ... "
- Postcard, Reston homes specialist Realtor, February 2019
" ... Inventory levels are very low in Reston with the exception of Active Condos in 20190. ... As of 1/4/2019, we've received 10 new seller calls and we currently have 15 Active Buyers looking for Reston homes but we don't have any inventory. ... "
- Caza Group Reston Realtor Rob Chevez email, January 7, 2019
" ... My clients who lost out on that last (2018 Hickory Cluster) Goodman because they had a home sale contingency are now ready to buy without contingency. If you know of anything let me know. I will try to reach out to people there as well to see if anyone wants to sell. ..."
- Compass Modern Capital Realtor Michael Shapiro email, December 14, 2018
"The Reston real estate market remains hot despite the looming shift. Many markets across the country have already shifted from a Buyers Market to a Sellers Market, marked by declining home prices and an increase in home inventory. Reston has been resilient in years past so let's hope that continues to be the case. Supply and Demand: ... Three months of supply is considered a balanced market. ... Townhome sellers have the strongest advantage. Days on Market: ... Townhomes sold the fastest, typically getting a contract in less than 10 days! The length of time on market until contract is received has been trending down in Reston for the past ten years. Pricing Ratios: On average, sellers received just 97.5% (of original asking price, excluding any seller subsidy). ... Many sellers beat the average and sold for 100% or more of their original asking price."
- Around Reston Magazine, Fall/Winter (November) 2018, page 56
" ... speculation that the (Crystal City) site in Arlington County is a front runner to land the (Amazon) online retail giant's second North American headquarters and its 50,000 jobs. Even without Amazon, the Metropolitan Washington Council of Governments has estimated that the region needs to add 235,000 housing units by 2025 to keep pace with expected job growth. Amazon's arrival could push the goal to around 267,000 by 2026, according to a recent analysis by the Urban Institute. Right now the region is on pace to add only about 170,000 new units by then ... ." (A 97,000 shortfall in the supply of new housing units means higher demand and prices for existing housing units like Hickory Cluster.)
- The Washington Post, November 4, 2018, page A14
"U.S. consumer confidence rose again this month, hitting an 18-year high. ... Consumers do not foresee the economy losing steam anytime soon ... Rather, they expect the strong pace of growth to carry over into early 2019. ... " The CoreLogic Case-Shiller 20-City Composite Home Price Index increased 5.5 percent in August compared to a year earlier ... ."
- The Washington Post, October 31, 2018, page A20
" ... I'm in the neighborhood today because I have a motivated, well qualified buyer looking to specifically move into Hickory Cluster. My clients love the Charles Goodman mid-century modern designed units here in this subdivision. Unfortunately, right now, there is nothing available on the market, so I've been going door to door to see who might have an interest in selling. ... "
- Reston Realtor flyer, October 2018
"U.S. home sales unexpectedly fell in June, posting their third straight monthly decline as a persistent shortage of properties on the market drove house prices to a record high. The report Monday from the National Association of Realtors added ... there are growing concerns that the higher house prices and rising mortgage rates will cause demand to slow. ... "
- The Washington Post, July 24, 2018, page A10
" ... Home sales have leveled off this year as price increases and a dwindling supply of available properties have thwarted many would-be buyers. In addition, mortgage rates are moving up, partly because the Federal Reserve is lifting the short term rate it controls. That trend could also weigh on sales in the coming months."
- The Washington Post, June 8, 2018, page A15
"Global construction firm Bechtel Corp. plans to move its headquarters from San Francisco to Reston, VA (Reston Town Center) by the end of 2018 ... About 150 managers and employees are being asked to relocate to Reston from Houston and San Francisco. ... It was the eighth-largest recipient of federal contract dollars last year ... .
- The Washington Post, June 8, 2018, page A21
"U.S. home prices climbed in March with buyers paying a premium as the number of properties up for sale declines and mortgage rates increase. The Standard and Poors CoreLogic Case-Schiller 20-city home price index released Tuesday increased 6.8 percent in March from a year earlier. ... The home price index is slightly higher than the 2006 peak, before the housing market and the economy crashed. The steadily improving economy has helped bring back buyers and higher prices. Part of the reason prices are moving higher, according to data from the National Association of Realtors, is the declining number of listings on an annual basis for the past three years. Over the past 12 months, the number of sales listings has dropped 6.3 percent."
- The Washington Post, May 30, 2018, page A13
" ... the (Reston Association) Covenants Dept. has been experiencing a significant increase in Design Review applications and requests for resale disclosure documents, therefore the processing time has been longer than usual in recent months. ... " To help ensure quality, HCA has a minimum 14-day resale disclosure document preparation period with no rush service available. Therefore, HCA Members should plan accordingly and submit applications and requests well in advance of proposed project work or transaction settlement.
- RA News, April 20, 2018
About Hammond Wood, a community of 58 detached single-family homes on 15 acres in Montgomery County, Maryland built in 1951, also designed by 90-home, 18-acre, 1965 Hickory Cluster Architect Charles M. Goodman, FAIA: "Midcentury modern, tucked into trees ... no properties are for sale or under contract. In the past year, seven houses sold, ranging from a two-bedroom, one-bathroom single-level home for $340,000 to a four-bedroom, three-bathroom two-level property for $648,000. ... "
- The Washington Post, March 3, 2018, Real Estate Section, page 12
- The Washington Post, February 22, 2018, page A13
" ... we are still seeing a severe lack of supply – mid-century modern and otherwise – as is the rest of the country. ... The National Association of Realtors (NAR) said the total supply of homes for sale in January was ... the fewest for any January since records began in 1999. Unsold inventory is at a 3.4-month supply at the current sales pace ... . In the DC area, the lack of supply is even more severe, creating a robust market for sellers. ... in Fairfax County, there is only a 1.2 months of supply."
- Modern Capital, February 22, 2018
"If You Love Midcentury Modern Architecture, You Have to Check Out Reston ... Why townhouses in the suburbs? “Simon’s whole idea was to design the anti-Levittown,” says real-estate agent Michael Shapiro, whose Modern Capital blog explores midcentury architecture around Washington. Rather than identical houses stretching down long streets, Simon envisioned higher-density pockets that would allow more communal acreage devoted to nature. Of the midcentury homes available today, Shapiro considers those in Reston to be hidden gems, in both style and affordability. Whereas Goodman houses in Alexandria’s Hollin Hills sell in the $800,000 range, for instance, his Hickory Cluster townhouses can go for less than $400,000. ... "
- Washingtonian Magazine, December 15, 2017
"Americans bought new homes in October (2017) at the fastest pace in a decade - a 6.2 percent monthly increase that reflects the strength of the economy and the worsening shortage of existing homes for sale. ... Many buyers are turning to new construction because there is a shrinking supply of existing homes for sale. But new construction has been unable to keep up with demand. The lack of properties on the market has fueled higher prices, creating affordability pressures."
- The Washington Post, November 28, 2017, page A9
"Home prices rose in 20 U.S. cities in June, reflecting a shortage of homes available for sale, according to Standard and Poors CoreLogic Case-Shiller data released Tuesday (August 29). Nationwide, values posted their largest advance in three years. A persistent inventory shortage for previously owned homes is keeping prices elevated at a time that housing demand is being sustained by a strong job market and still-low mortgage rates. ... "
- The Washington Post, August 30, 2017, page A16
"Millennials are ditching the cookie-cutter McMansion for the 'McModern' ... For nearly 40 years, the McMansion has dominated American suburbs. ... In recent years, the McMansion has fallen out of favor for a new type of home: the "McModern." Like the McMansion, the McModern is designed for the masses. But instead of borrowing from traditional architectural styles, McModerns take inspiration from modernist architecture, characterized by an emphasis on vertical or horizontal lines, ample natural light, and a clean aesthetic. ... popular with young, tech-focused, highly-educated millennials."
- Business Insider, August 7, 2017
"Contracts to buy previously owned U.S. homes unexpectedly fell in May ... as a lack of homes on the market crimped supply. ... Housing demand is being driven by a strong economy and tight labor market. A lack of inventory has pushed up prices ... ."
- The Washington Post, June 29, 2017, page A12
"Americans bought homes at a quicker pace in May. ... Sales have risen 2.7 percent over the past 12 months, but home buyers are facing greater financial and time pressures because of shrinking inventories ... Homes are staying on the market for a median of just 27 days. ... " (Goodman Houses are typically on the market zero to seven days.)
- The Washington Post, June 22, 2017, page A12
" ... tastes of buyers in the District have evolved to embrace modern architecture, which ... is more fluid; it embraces open floor plans and the space is more flexible, and natural light is more abundant. What we're seeing is a real appetite for avant-garde and contemporary, modern spaces. We've predicted for years that people would start to demand exceptional design, and I think we've arrived at that moment. ... People are gravitating away from the crown molding and the traditional look. ... They want natural light, they want windows. The urban marketplace has changed. ... Now that another development boom is underway, developers are starting to realize that contemporary designs are appealing to some high-end buyers more than re-creations of the past. ... A few years ago, modern buildings had a harder time finding buyers ... . Now ... we have people coming to us ... "
- The Washington Post, June 3, 2017, Real Estate Section, pages 12-14
"Mid-century modern homes in the DC area are flying off the market. My two new listings went under contract in a matter of days, not lasting for the planned open houses this weekend. Properties are intense seeing bidding wars, even properties being marketed off the multiple listing service. You have to move quick if you want snag one. ... "
- Modern Capital, May 7, 2017
"Home prices nationally reached a new high, surpassing the previous best set during the housing boom. ... However, adjusted for inflation, the (Standard and Poor's CoreLogic Case-Shiller) index remains about 16 percent below peak. The Case-Shiller index measures repeat sales of single-family homes. ... Washington had one of the smaller increases, rising 2.7 percent. ... After peaking in July 2006, home prices bottomed out in February 2012. ... steady rise in home values, which began in 2013 ... Low mortgage rates have helped fuel the rise in prices, as has a limited supply of homes for sale. ... It is led mostly by constrained home availability as buyers continue to battle over the few homes for sale ... ."
- The Washington Post, November 30, 2016, page A14
"Americans retreated from home buying in August (2016), with a worsening inventory shortage appearing to hurt sales and push prices higher ... the National Association of Realtors said. Fewer sellers are coming into the market, with inventory collapsing 10.1 percent from a year ago ... . Meanwhile, mortgage buyer Freddie Mac said the average 30-year fixed-rate mortgage stood at 3.48 percent this week, down from 3.86 percent a year ago."
- The Washington Post, September 24, 2016, page A14
ASSESSED AND MARKET VALUES
" ... The assessed value of properties may change for a variety of reasons. Among these are appreciation and value declines (or increases) (i.e., equalization changes); and structural changes (additions, remodeling); rezonings; and land divisions (i.e., growth). A combination of these factors can apply to the same property. ... Approximately 45% of residential properties experienced an assessment increase for 2017 due to equalization, and another 35% had no change for 2017. Approximately 20% experienced some level of assessment decrease. ... based on equalization changes, townhouse/duplex properties have ... an increase over 2016 of approximately 1.37% ... . It is important to note that these percentages represent the cumulative amount to the overall tax base and are not necessarily indicative of specific change to any particular, individual properties. Individual assessment changes may vary considerably. For residential property, for example, a key factor in determining the need to change assessments is the relationship of prior year assessments to selling prices within neighborhoods. ... "
- County of Fairfax Real Estate Division, February 14, 2017
For more information about County of Fairfax real estate services and taxes for individual properties with specific street addresses, view your own My Neighborhood Report or property tax record, respectively.
GOODMAN ARCHITECTURE
Hickory Cluster is a key element of Founder Robert E. Simon Jr.'s original historic Reston First Village centered around Lake Anne. And Hickory Cluster homes and landscape are significant and distinctive works of International Style Modern Architecture designed by world-renowned Architect Charles M. Goodman FAIA. Our community is " ... an ideal application of contemporary townhouse design to a naturally wooded site ... " with walls of glass framed by striking architectural elements, providing treehouse views, and integrating indoor and outdoor living.
" ... The appeal of living in a Goodman house is enormous to those who share his avant-garde spirit, plus his ideals for openness, engagement with nature, and liberal social values. There remains a solid housing market today for people who appreciate the simplicity amid nature and the progressivism that a Goodman house still offers. ... To those who are fortunate enough to obtain them, his dwellings feel like highly livable works of art, glazed conduits to the natural world. Perhaps far more than those who inhabited them early on, the houses offer a rarified experience that, contrary to their designer's intent, renders them well removed from any vernacular realm."
- Elizabeth Jo Lampl, Housing Washington, 2010
Reston Association Covenants and Design Review standards, and Hickory Cluster governing documents, were designed to protect unique and valuable Hickory Cluster building and landscape architectural integrity, resident quality of life, and overall property values.
" ... The design of the cluster is based on the overall composition of elements in blocks and houses, rather than a variety of distinctive differences in the design of individual houses. ... "
- HCA General Resolution 6, 1998
AND MORE ...
Location, location, location matters ... Hickory Cluster is easy walking distance from Lake Anne Village Center plaza, Lake Anne Elementary School, North Shore Pool, numerous tennis courts, and Reston Town Center. The new Wiehle Ave. Metrorail Phase 1 Silver Line station is within a mile and Dulles International Airport is within 15 minutes by car.
The Northern Virginia Stream Restoration Bank invested more than $870,000 in commercial developer environmental remediation funds to repair decades of erosion damage, redirect the streambed away from exposed sewer infrastructure, and enhance a 500+ ft. long area between Hickory Cluster Blocks 1 and 2, transforming an environmental liability into a valuable community asset, all at no direct cost to HCA Members. Work started September 19, 2016 and was completed in February 2017.
Reston RELAC LLC upgraded its chilled water plant in 2013 and has additional plans to more reliably and efficiently cool Hickory Cluster in future years, independent of Lake Anne water levels.
"Hickory Cluster is an amazing community located in the heart of Reston Virginia and designed by Charles Goodman. It’s occupied by people that love the design and “Work of Art” that IS Hickory Cluster. We have a large community of artists, architects, designers & photographers which makes our cluster by far the coolest cluster in all of Reston! The spacious open floor plan, floating stairs, hardwood floors and walls of glass make you fall in love the instant you walk in. The simple clean design reminds me of the iPad and Steve Jobs could have easily visited our cluster for inspiration. A special part of our cluster is how our community is connected with walking paths, and on a warm spring morning there is nothing more beautiful than to take a stroll down to Lake Anne or up to the Town Center. As you walk the paths your senses explode with a kaleidoscope of colors, smells and sounds of life in full bloom. These paths enrich our lives and lead us to places we love – the pool, tennis courts, play grounds, Lake Anne shops, restaurants and the farmers market. On warm summer nights, with the sliding glass door wide open, we enjoy Nature's symphony along with a nice glass a wine. In the distance you can hear the laughter of the Hickory Cluster kids as they chase fireflies and have fun. Life is good in Hickory Cluster."
- Rob Chevez, Realtor and Hickory Cluster resident since 2004