Tuesday, January 27, 2009

Fair Ridge Homes Weekly Report 1/15/09-1/27/09


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We had a lot of movement the past 2 weeks ! We are seeing so many buyers out and looking at real estate right now. Contact us to see if we can serve you.

As of today (January 27, 2009 11 AM) there are 4 active homes in Fair Ridge and 4 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- 4

4 Short Sale


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


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

12303 Fieldbrook Pl - 126 (DOMP) 3bd/4ba

12319 FIELD LARK CT S #304 - 39 (DOMP) 3bd/4ba

12218 Apple Orchard Ct - 16 (DOMP) 3bd/4ba

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 .

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

Asking Price - $439,900
Sales Price - $429,900
Seller Subsidy - $9000

Sold more than 30 days ago

-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

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

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


These stats are for all real estate in the 22033 zip code for the Month of December
2008 2007 % Change
Total Sold $ Volume $11,625,825 $14,391,987-19.2%
Avg. Sold Price$400,891 $423,294 -5.2%
Median Sold Price $319,900 $4410,000-21.9%
Total Units Sold 2934 -14.7%
Avg. Days on Market11289 25.8%
Avg. List Price for Solds: $461,292 $454,655 1.4%
Avg. Sale Price as a percentage of Avg. List Price: 86.91% 93.10%

Fairfax Condos Sold for 2007 vs. 2008

Fairfax Townhomes Sold for 2007 vs 2008


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


There is currently 2 townhome for rent and 2 condos for rent

1 townhomes has 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.


Well it looks like our buyers took everything off the market that was a bank owned or regular sale. All we have left here are short sales. Short sales can be very frustrating and sometimes not even work and that is why most buyers stay away from these.

We should have numbers up for the 4 under contract by mid to late Feb.

I am not lying when I say the buyers are out in this market like crazy ! I have gotten 10 emails from prospective buyers this week and its only Tuesday ! We are already working with another 7

If you are thinking about buying within the next 3 months. Contact us

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

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