Tuesday, February 17, 2009

Fair Ridge Homes Weekly Report 2/1/09-2/17/09


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We have some new numbers for Fair Ridge.

As of today (February 17, 2009 11 AM) there are 3 active homes in Fair Ridge and 2 homes that are currently under contract and 3 home that has sold in the last 30 days.

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

Townhomes- 3 ( 2 short sales, 1 regular sale)


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


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

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

I will have the final numbers for these once they close


According to MLS, 3 home has sold in the last 30 days .

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

Asking Price - $324,900
Sales Price - $341,000
Seller Subsidy - 0

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

Asking Price - $500,000
Sales Price - $465,000
Seller Subsidy - $7,500

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 1 townhome for rent

2 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.


We had another excellent bank owned property come on the market and off the market 14 days and multiple offers later. This resulted in a sale higher than asking price but still a great deal for the buyers.

There are only short sales on the market here and those probably are not worth your time. When these bank owned properties come on the market they go quick. If you want emails sent to you the moment they go on the market, email me.

If you are thinking about listing your home. Give us a call. We would be honored to help you and we will be able to get you the most money for your home. Right now more than ever you need a awesome agent/team and we provide that. Our team has over 30 years in the business. Let us help you.

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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