Tuesday, December 9, 2008

Fair Ridge Weekly Report 12/03/08-12/09/08



No changes this week. Just one townhome sold. I have their numbers posted below.

To find out what your home is worth and receive a free no obligation Fair Ridge neighborhood report each month of what exactly is selling in Fair Ridge click here

As of today (December 9, 2008 11 AM there are 6 active homes in Fair Ridge and 1 home that is currently under contract and 2 home that has sold in the last 30 days.

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

Townhomes- 6 - Average DOMP -68 days

1 Bank Owned, 3 Regular Sales, 2 Short Sale


According to MLS, there was 0 new listing this week.


According to MLS, there is 1 townhomes (bank owned) under contract.

4203 Fox Lake Dr -(14 DOMP) 4bd/4ba

I will have the final numbers for these once they close


According to MLS, 1 home has sold in the last 30 days .

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

List Price - $339,000
Sales Price - $318,000
Seller Subsidy - $8,500

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

List Price - $359,000
Sale Price - $335,000
Seller Subsidy - $450

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%


There has been 0 listings that have been taken off the market in the last 30 days.


There is currently 1 townhomes for rent - 3bd/4ba/1garage

3 (+1) 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. We are also a fully licensed property management group also. Just ask us more about how this benefits you.


Just one sale since last week.

Owners, we have a short sale team in place to help you with your situation. Very little if no financial implications to short selling your townhome. Please contact us asap

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

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