Wednesday, March 4, 2009

Fair Ridge Homes Weekly Report 2/18/09-3/04/09

MyFairRidgeHome.com

Relevant Real Estate Information for the Fair Ridge Townhome Community

INTRODUCTION

Contact us if you have any questions about this community or would like to go see one of these properties.

As of today (March 4, 2009 10 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 ( 2 short sales, 3 regular sale)


NEW LISTINGS

According to MLS, there was 2 new listing this week.


UNDER CONTRACT

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


SOLD

According to MLS, 1 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


22033

These stats are for all real estate in the 22033 zip code for the Month of January 2009
2009 2008 % Change
Total Sold $ Volume $8,645,400 $10,605,650-18.4%
Avg. Sold Price$375,887 $407,910 -7.8%
Median Sold Price $335,000 $365,000-8.2%
Total Units Sold 2326 -11.5%
Avg. Days on Market85105 -19%
Avg. List Price for Solds: $413,327 $438,460 -5.7%
Avg. Sale Price as a percentage of Avg. List Price: 90.94% 93.03%



Fairfax Condos Sold for 2007 vs. 2008




Fairfax Townhomes Sold for 2007 vs 2008




EXPIRED or WITHDRAWN


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


RENTALS

There is currently 1 townhome 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.


OBSERVATIONS

Two regular sales just came on the market. They are priced just slightly over the market value. There might be some room to negotiate here. One of these has renters already and if the information is right, they are paying way above rental rates, which is good if you are an investor and want to keep renting this particular unit out.

Nothing new really going on right now at Fair Ridge. This can be a good sign. Most of the other neighborhoods are having numerous bank owned and short sale homes which is bringing down the value of the neighborhood. Fair Ridge seems to have already gone through this and is just staying still trying to recover.

We will keep an eye on any changes especially with the 3 regular sales on the market right now.

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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