Homes prices have held steady for the past 90 days, a minor reduction of less than 5% of sales price has been seen in recent sales.
It is a complex market with different types of Sellers, i.e. bank owned, estate sales, short sales that require the Seller's lender approval and of course traditional sales. It is very important to understand the terms and conditions of the sale. There is still a small town feel to many of the neighborhoods in Herndon. It's a great place to call home!
Inventory is good, but homes that are in move in conditions are selling quicker that those which are not. In some cases, there are multiple offers for these homes. With distressed properties, the Lenders are pricing them to move quickly and first time buyers are completing with cash investors for them.
There continues to be an inventory of short sales which are selling better than the previous years, but are still taking between 4 to 5 months to complete.
ZIP Codes: 20170, 20171 Location Characteristics: Herndon is part of the Dulles Technology Corridor, which Fortune magazine named the "Netplex" because of the presence of the headquarters of such companies as AOL, Verizon Business (formerly MCI, formerly WorldCom, originally UUNET), and Network Solutions, which began as the INTERNIC — the registry where every domain name was once administered. Some of those companies are within Herndon. For example, Airbus North America.
Herndon is located within Fairfax County, has seven elementary schools, one middle school and one high school. Within the geographic area, there is also located the Town of Herndon.
Herndon contains the Herndon Depot Museum, the site of "Mosby's Raid on Herndon Station". The raid was a Civil War skirmish that took place on St. Patrick's Day in 1863. Also within the town is a golf course, community center with basketball and racquetball courts, and an aquatic center. Adjacent to the community center is Bready Park, with indoor tennis courts. Additionally, every residence within the town borders is within a mile or less of a public park.
Nearby attractions include the Steven F. Udvar-Hazy Center of the National Air and Space Museum (which houses the Enola Gay B-29 Superfortress, a Concorde supersonic passenger airplane, an SR-71A Blackbird plane and the Space Shuttle Enterprise), Frying Pan Park, Sully Plantation, Reston Town Center, Mount Vernon, Wolf Trap National Park for the Performing Arts, Colvin Run Mill, Aldie Mill, Oatlands Plantation, Manassas National Battlefield Park and the Washington and Old Dominion Trail (which runs through the town).
