Significant price reductions hit premium Fairfax County properties this week, with five active listings between $1M-$1.6M cutting their asking prices between August 8-13, 2025. These motivated sellers present opportunities for qualified luxury buyers.
🏠 PROPERTY BREAKDOWN:
2883 Franklin Oaks Dr, Herndon 20171
New Price: $1,025,000 (-$24,000 on 8/8)
Specs: 4 BD/4 BA, 3,724 sq ft
Style: Classic brick colonial in Franklin Oaks
Appeal: Traditional architecture with modern conveniences
13505 Clear Lake Ct, Herndon 20171
New Price: $1,199,900 (-$30,100 on 8/12)
Specs: 4 BD/3 BA, 3,216 sq ft
Features: Lake-view lot with huge deck
Appeal: Unique waterfront lifestyle in Herndon
305 Springwood Ct NE, Vienna 22180
New Price: $1,550,000 (-$45,000 on 8/13)
Specs: 5 BD/4 BA, 4,116 sq ft
Location: Vienna Woods quiet cul-de-sac
Appeal: Premium Vienna location with privacy
11408 Green Moor Ln, Oakton 22124
New Price: $1,365,000 (-$84,000 on 8/12)
Specs: 5 BD/5 BA, 5,526 sq ft
Features: Hunt Valley Estates with refreshed interiors
Appeal: Luxury space with recent updates
6109 Colchester Rd, Fairfax 22030
New Price: $1,149,000 (-$20,000 on 8/8)
Specs: 5 BD/4 BA, 4,050 sq ft
Condition: Renovated and move-in ready
Appeal: No projects needed, turnkey luxury
📊 MARKET ANALYSIS: These price reductions in the $1M+ Fairfax County market suggest motivated sellers responding to current buyer behavior. Properties spanning Herndon, Vienna, Oakton, and Fairfax City are all adjusting to attract qualified buyers in today's 7% interest rate environment.
BUYER ADVANTAGES:
Immediate negotiating leverage with motivated sellers
Reduced competition on recently repriced luxury properties
Opportunity to secure premium homes below original expectations
MY TAKE: When multiple luxury properties across different Fairfax County markets drop prices simultaneously, it creates genuine opportunities for prepared buyers with financing in place. The $84K reduction in Oakton particularly signals serious seller motivation.
WHAT DO YOU THINK? Which property offers the best value? Are these price drops reflecting broader market correction or seasonal adjustments?
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