Friday, June 19, 2009

Fair Ridge Homes Weekly Report 06/12/09- 06/19/09

MyFairRidgeHome.com

Relevant Real Estate Information for the Fair Ridge Townhome Community

INTRODUCTION

We are your Fair Ridge Neighborhood Specialists. Not much is happening right now at Fair Ridge. 2 home sales in the last month. Those numbers are below.

We have great news for first time home buyers.

First program is for first time home buyers, who make less than $52k. This program is a $10,000 grant, that does not have to be repaid and to be used to your home purchase. You can still qualify for your $8,000 tax credit when you file your taxes next year.

Second program is for those that make more than $52k. You can use your $8,000 tax credit now as a down payment. This means very little money for you to buy a home.

As of today (June 19, 2009 11 AM) there are 2 active homes in Fair Ridge and 6 homes that are 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- 2 ( 2 regular sales)


NEW LISTINGS

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


UNDER CONTRACT

12336 Strong Ct #543 - 2bd/2ba (63 DOMP)
12330 Field Lark Ct - 3bd/ 4ba (3 DOMP)
4249 Fox Lake Dr - 4bd/4ba (128 DOMP)
12203 Apple Orchard Ct - 4bd/4ba (5 DOMP)
12321 Field Lark Ct - 4bd/4ba (6 DOMP)
4006 Gregg Ct - 3bd/4ba (252 DOMP)


I will have the final numbers for these once they close


SOLD

According to MLS, 2 homes has sold in the last 30 days .

12204 Apple Orchard Ct - 4bd/4ba (6 DOMP) Regular Sale

Asking Price - $316,800
Sales Price - $320,000
Seller Subsidy - $0

12310 Fox Lake Pl -3bd/4ba (65 DOMP) Regular Sale

Asking Price - $410,000
Sales Price - $400,000
Seller Subsidy - $10000

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

Asking Price -$359,000
Sales Price -$355,000
Seller Subsidy -$10,000

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

Asking Price -$360,000
Sales Price -$350,000
Seller Subsidy -$0

4011 Rosemeade Dr - 3bd/4ba (230 DOMP) - Regular Sale

Asking Price -$475,000
Sales Price -$462,500
Seller Subsidy -$2,500

Sold more than 30 days ago

-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

-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 (Bank Owned)
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 March


2009 2008 % Change
Total Sold $ Volume $13,961,288 $14,878,678-6.1%
Avg. Sold Price$367,402 $413,297 -11.1%
Median Sold Price $323,500 $381,900-15.9%
Total Units Sold 3836 52%
Avg. Days on Market7991 0%
Avg. List Price for Solds: $397,753 $441,841 -9.9%
Avg. Sale Price as a percentage of Avg. List Price: 92.37%93.54%



Fairfax Condos Sold for 2007 vs. 2008




Fairfax Townhomes Sold for 2007 vs 2008




EXPIRED or WITHDRAWN


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


RENTALS

There is currently 4 townhome for rent

0 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

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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