Tuesday, December 23, 2008

Fair Ridge Weekly Report 12/17/08-12/23/08

MyFairRidgeHome.com

INTRODUCTION

Happy Holidays ! We hope everyone has a relaxing and enjoyable time with your family and friends this holidays !

Nothing worth noting has happened to Fair Ridge this past week which is common around this time of year. Look for things to pick up in late January with the spring season right around the corner and with the interest rates being so low forcing people to buy.

So it looks like we will not have a white christmas here in Virginia :( I was up in New York last weekend and they had about 8 of snow and it snowed all day Saturday which was beautiful. Sunday on the other hand rained all day. Go figure. But we still had fun. About 15 of us went up and got a hotel room for the night in Times Square. It was fun to get away for the weekend but way to much hastle to take the bus up their. Next time I am driving for sure ! We wanted to see that play Wicked but they were sold out and tickets were being scalped at over 200 a piece! So we didnt go. We did a lot of shopping and casual touristy things. I have been there multiple times in the past so pretty much had seen all the main things. That was pretty much my weekend and most of my family is around Fairfax/Vienna area so we will be staying local.

And for my Fair Ridge report, As of today (December 23, 2008 9 AM there are 5 active homes in Fair Ridge and 2 homes that are currently under contract and 1 home that has sold in the last 30 days.

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

Townhomes- 5

1 Bank Owned, 2 Regular Sales, 2 Short Sale


NEW LISTINGS

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


UNDER CONTRACT

According to MLS, there is 2 townhomes (1 bank owned and 1 regular sale) under contract.

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

12331 Quiet Hollow Ct - 15 (DOMP) 4 bd/4ba

I will have the final numbers for these once they close


SOLD

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


22033

These stats are for all real estate in the 22033 zip code for the Month of November
2008 2007 % Change
Total Sold $ Volume $11,624,023 $19,439,225-40.2%
Avg. Sold Price$387,467 $431,983 -10.3%
Median Sold Price $362,500 $420,000-13.7%
Total Units Sold 3045 -33.3%
Avg. Days on Market7069 -1.4%
Avg. List Price for Solds: $407,368 $466,933 -12.8%
Avg. Sale Price as a percentage of Avg. List Price: 95.11% 92.51%



Fairfax Condos Sold for 2007 vs. 2008




Fairfax Townhomes Sold for 2007 vs 2008




EXPIRED or WITHDRAWN

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


RENTALS

There is currently 1 townhome 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.


OBSERVATIONS

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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