Tuesday, November 18, 2008

Fair Ridge Weekly Report 11/12/08-11/18/08

INTRODUCTION

We have been helping families buy here in Fair Ridge for years and have decided to start this blog, to help those families and those that already live in Fair Ridge, see what is going on in their neighborhood.

It is very important to have all the correct information before you make the huge decision to buy, sell or rent. We know this community very well and have helped a lot of families here. We study it a couple times a week and would be honored to help you reach your real estate goals and needs.

As of today (November 18, 2008 12 PM there are 5 active homes in Fair Ridge and 2 homes that are currently under contract and 0 homes that have sold in the last 30 days.

Here’s the breakdown of all active listings in MLS:

Townhomes- 5 - Average DOMP -56days

2 Bank Owned, 2 Regular Sales, 1 Short Sale


NEW LISTINGS

According to MLS, there was 1 new listing this week.


UNDER CONTRACT

According to MLS, there are 2 townhomes (Both are bank owned) under contract.

12217 Apple Orchard Ct - (124 Days on Market) 3bd/4ba/1garage

12301 Sleepy Lake Ct - (15 DOMP) 4bd/4ba


I will have the final numbers for these once they close


SOLD

According to MLS, 0 homes have sold in the last 30 days .


More than 30 days...

12208 Apple Orchard Ct ( 9 DOMP) 3bd/3ba

List Price - $359,000
Close Price - $359,000
Seller Subsidy - $10,000



Fairfax Condos Sold for 2007 vs. 2008




Fairfax Townhomes Sold for 2007 vs 2008




These stats are for all real estate in the 22033 zip code for the Month of October
2008 2007 % Change
Total Sold $ Volume $13,514,790 $17,929,266-24.6%
Avg. Sold Price$409,539 $484,575 -15.4%
Median Sold Price $374,000 $410,000-8.7%
Total Units Sold 3337 -10.8%
Avg. Days on Market8187 -6.9%
Avg. List Price for Solds: $432,953 $515,425 -16%
Avg. Sale Price as a percentage of Avg. List Price: 94.59% 94.01%



EXPIRED or WITHDRAWN

There has been 1 listings that have been taken off the market in the last 30 days.


RENTALS

There is currently 1 townhomes for rent - 3bd/3ba/1garage

2 townhomes have been rented out in the past month.

If you need any help finding a rental or listing your condo for rent, please contact us.

We will take care of all the work for you and do background checks on the applicants to make sure they are qualified.


OBSERVATIONS

We have been tracking sales and rentals here for some time and will have a detailed observations report next Tuesday. Check back every Tuesday for your weekly report !



Disclaimer: Information was gathered from the MLS and is deemed reliable but not guaranteed.























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