Fairfax Ridge Condo Weekly Update 12/27/08-1/02/09

MyFairfaxRidgeCondo.com

INTRODUCTION

This was a little bit a movement this past week right before the new year. There are currently 5 condos under contract. 2 of these are short sales and 3 are bank owned. Regular sales are very rare right now at Fairfax Ridge. Because most owners at Fairfax Ridge owe more than what the market is selling it for.

Buyers - There are are some great deals on short sales and bank owned properties here. But you have to make sure you have a good agent who knows the area and what is going on with these banks and how to negotiate with them. Otherwise you can be hoping to get a house for a couple months instead of buying your next home.

Sellers- We are very aware that the market is causing you to hold on to your condo and possibly even losing a lot more money each month then you antcipated. If this is the case please contact us. We are working with a couple short sales right now and we have a great team in place. Contact us to see if we can help you.

As of today (January 2, 2009 11 PM), there are 17 active listings (-6) in the MLS and 5 Condos (+2) are currently under contract and 0 Condos have sold in the last 30 days.

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

9 - 1 bedroom units ( 4 short sales, 3 bank owned, 2 regular sales)
7 -2 bedroom units (5 short sales, 1 regular sales, 1 bank owned)
1 - 3 bedroom unit

NEW LISTINGS

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


UNDER CONTRACT

According to MLS, there are 5 condos under contract , 2 bank owned and 1 short sale.

3851 Aristotle Ct #1-418 - 102 (DOMP) 1bd/1ba
11321 Aristotle Dr #3-301 - 70 (DOMP) 2bd/2ba
11371 Aristotle Dr #9-113 - 19 (DOMP) 2bd/2ba
11347 Aristotle Dr #6-106 - 190 (DOMP) 2bd/2ba
11339 Aristotle Dr #6-215 - 66 (DOMP) 2bd/2ba

I will have the final numbers for these once they close


SOLD

According to MLS, 0 condos sold in the last 30 days .

These sold more than 30 days ago -

-11345 ARISTOTLE DR #6-311 - 15 (DOMP) (2 bd/1ba) Bank Owned

List Price - $219,900 / Sales Price - $225,000 / Seller Subsidy - 0

-11353 ARISTOTLE DR #106 - 5 Days on the Market (DOMP) (2bedroom)
(This one had multiple offers and went above asking price) Bank Owned

List Price- $234,000 / Sold Price -$250,000 / Seller Subsidy - $0

-11335 Aristotle Dr #5-215 - 117 (DOMP) 3 level, 2 bedroom, 2 bathroom

List Price - 329,900 / Sold Price - 250,000 / Seller Subsidy - 0

-11371 ARISTOTLE DR #9-213, FAIRFAX, VA 22030 - 61 (DOMP) 1 level, 2 bedroom, 2 bathroom -

List Price - 239,000 / Close Price - 239,000 / Seller Subsidy - 6,000

-11359 ARISTOTLE DR #8-214, FAIRFAX, VA 22030 - 26 (DOMP) 3 level, 2 bedroom, 2 bathroom

List Price - 244,900 / Close Price - 260,000 / Seller Subsidy - 0

-11397 ARISTOTLE DR #11-105, FAIRFAX, VA 22030 - 36 (DOMP) 2 level, 2 bedroom, 2 bathroom

List Price - 267,800 / Close Price - 240,000 / Seller Subsidy - 7,590


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	30	45	-33.3%
Avg. Days on Market	70	69	-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 Ridge Condos Sold for 2007 vs. 2008




Fairfax Condos Sold for 2007 vs. 2008





EXPIRED or WITHDRAWN There have been 5 listings that have been taken off the market in the last 30 days.


RENTALS

There are currently 9 condos for rent

1bedroom unit - 1 available
2bedroom units - 8 available

4 condos 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. Ask us more about this and how this benefits you !


OBSERVATIONS

Feb / Mar are some of the best time to sell your home. No matter what the market is like. On the flip side if you are buying, yes there are still lots of great deals but you might miss out on dream home because of competing offers. This time of year brings 2-3x as many buyers to the market. So if you are thinking of buying , dont delay. Interest rates are at record lows !

We would be honored to work with you ! Shoot us an email

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

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Interest Rates Drop !!

Now is the best time to buy ! If you have 3-4% to put down. Roughly $10,000

If you wait to make the decision to buy and the interest rates go back up like they will. You could be paying roughly $200 more a month and thats almost $75,000 more over the life of the loan. Not to mention your loan amount that you would be pre approved at would be less, than what you would be pre approved for now.

Ask us how we can help you get a great deal in this market

December 18th, 2008

Supported by the Federal Reserve’s recent decision to cut its overnight federal funds rate to a range of zero to 0.25 percent, the 30-year fixed rate mortgage hit a 37-year low last week reaching 5.17 percent. That’s the lowest the 30-year mortgage rates have been since Freddie Mac began its weekly mortgage rate survey in 1971, noted Frank Northaft, Freddie Mac chief economist.

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11353 Aristotle Dr Fairfax Ridge Condo For Sale 3 bedroom 2 bath

*Update 12/19/08 - We just received a contract on this condo after 3 days on the market ! * Any other offers should be submitted asap. We will be starting negotiatings with the bank next week. * Bring your highest and best offers !

12/18/08
We just listed the only 3bedroom / 2 bath condo unit availabe at Fairfax Ridge !

It is priced to sell quickly. It is listed at 260k ! If you would like to see it let us know asap. This is a short sale, so we have hired one of the best negotiators in the country to get this deal done!

Open Floor Plan! Kitchen features stainless steel appliances,granite countertops,& cherry cabinets! HW floors throughout kitchen, dining,and living room! Ceramic tile and granite in bathrooms! Too many upgrades to list!

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Fairfax Ridge Condo Weekly Update 12/13/08-12/19/08

MyFairfaxRidgeCondo.com

INTRODUCTION

We had a lot of movement over the last 2 weeks at Fairfax Ridge. I missed last weeks blog because I was in Denver. A bunch of us went up to Vail and Beaver Creek to snowboard and they had over 25 in of snow the 3 days we were there !

We just listed anther short sale at Fairfax Ridge. If you have any questions about selling your home for less than what your mortgage is... contact us asap !


As of today (December 19, 2008 10 AM), there are 21 active listings (+5) in the MLS and 3 Condos (-1) are currently under contract and 2 Condos have sold in the last 30 days.

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

10 - 1 bedroom units ( 4 short sales, 3 bank owned, 3 regular sales)
10 -2 bedroom units (4 short sales, 4 regular sales, 2 bank owned)
1 - 3 bedroom unit

NEW LISTINGS

According to MLS, there was 5 new listing this week.


UNDER CONTRACT

According to MLS, there are 3 condos under contract , 2 bank owned and 1 short sale.

11321 Aristotle Dr #3-301 - 70 (DOMP) 2bd/2ba
11371 Aristotle Dr #9-113 - 19 (DOMP) 2bd/2ba
11347 Aristotle Dr #6-106- 190 (DOMP) 2bd/2ba


I will have the final numbers for these once they close


SOLD

According to MLS, 2 condos sold in the last 30 days . These were bank owned condos.

11345 ARISTOTLE DR #6-311 - 15 (DOMP) (2 bd/1ba) Bank Owned

List Price - $219,900
Sales Price - $225,000
Seller Subsidy - 0

11353 ARISTOTLE DR #106 - 5 Days on the Market (DOMP) (2bedroom)
(This one had multiple offers and went above asking price) Bank Owned

List Price- $234,000
Sold Price -$250,000
Seller Subsidy - $0

11335 Aristotle Dr #5-215 - 117 (DOMP) 3 level, 2 bedroom, 2 bathroom

List Price - 329,900
Sold Price - 250,000
Seller Subsidy - 0


These sold more than 30 days ago -

11371 ARISTOTLE DR #9-213, FAIRFAX, VA 22030 - 61 (DOMP) 1 level, 2 bedroom, 2 bathroom -

List Price - 239,000
Close Price - 239,000
Seller Subsidy - 6,000

11359 ARISTOTLE DR #8-214, FAIRFAX, VA 22030 - 26 (DOMP) 3 level, 2 bedroom, 2 bathroom

List Price - 244,900
Close Price - 260,000
Seller Subsidy - 0

11397 ARISTOTLE DR #11-105, FAIRFAX, VA 22030 - 36 (DOMP) 2 level, 2 bedroom, 2 bathroom

List Price - 267,800
Close Price - 240,000
Seller Subsidy - 7,590

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	30	45	-33.3%
Avg. Days on Market	70	69	-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 Ridge Condos Sold for 2007 vs. 2008




Fairfax Condos Sold for 2007 vs. 2008





EXPIRED or WITHDRAWN There have been 4 listings that have been taken off the market in the last 30 days.


RENTALS

There are currently 11 condos for rent

1bedroom unit - 3 available
2bedroom units - 7 available
3bedroom units - 1 available

4 condos have been rented out in the past month.

We are seeing competing offers on these rentals surprisingly enough. Make sure you have a good agent to negotiate.

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. Ask us more about this and how this benefits you !


OBSERVATIONS

We saw 5 listings come on the market here in the last 2 weeks and all of them were short sales. Meaning these people all owe more than the current market will sell their home for. We are working with owners just like your self and would be honored to help you in this situation.

If you have to short sell. Use an experienced realtor that knows how to sell short sales and has a team of professionals negotiators to negotiate with the bank. We have all this and we just ask that you consider interviewing us first before you make your decision on which realtor you are going to use.

As far as sales in the last couple weeks. Only the bank owned properties are selling here. All the regular sale owners are reluctant to drop their price to the current market value and will continue to sit on the market. We will continue to see more short sales on the market.

There are some great opportunities to buy here at Fairfax Ridge. Especially with the interest rates at an almost all time low! If the interest rates were to go back up to normal around 6.5% your payments would increase over 200$ a month for 30 years! Now is the time to buy if you have 3-4% to put down. Roughly 10k

Contact us to see if we can help you

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

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Fairfax Ridge Condo Weekly Update 11/22/08-12/05/08

INTRODUCTION

We are your neighborhood expert ! Click here for Fairfax Ridge Community Handbook and Rules

Fairfax Ridge owners that are over their head in mortgage payments, please contact us ASAP. We have a plan in place to help you. Contact us to see if we can help you.

And guess what. That banked owned property I was mentioning in my last post is gone ! 2 weeks and under contract ! When a condo is priced that competitively its going to go quick.

As of today (December 5, 2008 11 AM), there are 16 active listings (-2) in the MLS and 4 Condos (+1) are currently under contract and 2 Condos have sold in the last 30 days.

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

8 - 1 bedroom units (-2) ( 3 short sales, 2 bank owned, 3 regular sales)
8 -2 bedroom units (-1) (1 short sales, 5 regular sales, 2 bank owned)


NEW LISTINGS

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


UNDER CONTRACT

According to MLS, there are 4 condos under contract , 2 bank owned and 2 short sale.

11321 Aristotle Dr #3-301 - 70 (DOMP) 2bd/2ba
11371 Aristotle Dr #9-113 - 19 (DOMP) 2bd/2ba
11395Dr Aristotle Dr #408 - 0 (DOMP) 1bd/1ba
11345 ARISTOTLE DR #6-311 - 15 (DOMP) (2 bd/1ba)

I will have the final numbers for these once they close


SOLD

According to MLS, 2 condos sold in the last 30 days (+1). These were bank owned condos.

11353 ARISTOTLE DR #106 - 5 Days on the Market (DOMP) (2bedroom)
(This one had multiple offers and went above asking price)

List Price- $234,000
Sold Price -$250,000
Seller Subsidy - $0

3 level, 2 bedroom, 2 bathroom -
11335 Aristotle Dr #5-215 - 117 (DOMP)

List Price - 329,900
Sold Price - 250,000
Seller Subsidy - 0

1 level, 2 bedroom, 2 bathroom -
11371 ARISTOTLE DR #9-213, FAIRFAX, VA 22030 - 61 (DOMP)

List Price - 239,000
Close Price - 239,000
Seller Subsidy - 6,000

3 level, 2 bedroom, 2 bathroom -
11359 ARISTOTLE DR #8-214, FAIRFAX, VA 22030 - 26 (DOMP)

List Price - 244,900
Close Price - 260,000
Seller Subsidy - 0

These sold more than 30 days ago -

2 level, 2 bedroom, 2 bathroom -
11397 ARISTOTLE DR #11-105, FAIRFAX, VA 22030 - 36 (DOMP)

List Price - 267,800
Close Price - 240,000
Seller Subsidy - 7,590


Fairfax Ridge Condos Sold for 2007 vs. 2008




Fairfax Condos Sold for 2007 vs. 2008





These stats are for all real estate in the 22030 zip code for the Month of October

	2008	2007	% Change
Total Sold $ Volume	$20,230,500	$19,753,398	2.4%
Avg. Sold Price	$459,784	$493,835	-6.9%
Median Sold Price	$426,000	$466,450	-8.6%
Total Units Sold	44	40	10%
Avg. Days on Market	82	64	28.1%
Avg. List Price for Solds:	$503,865	$525,291	-4%
Avg. Sale Price as a percentage of Avg. List Price:	91.25%	94.01%

EXPIRED or WITHDRAWN There have been 4 listings that have been taken off the market in the last 30 days.


RENTALS

There are currently 11 condos for rent (+1)

1bedroom unit - 3 available
2bedroom units - 7 available
3bedroom units - 1 available

4 condos have been rented out in the past month.

We are seeing competing offers on these rentals surprisingly enough. Make sure you have a good agent to negotiate. We just helped another client rent a condo this past week, where there were 3 offers and we won !

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. Ask us more about this and how this benefits you !


OBSERVATIONS

The goverment is looking at pushing interest rates down to a record low of 4.5% If you know of anyone thinking about buying in Fairfax Ridge or elsewhere, please contact us. We would be honored to work with them.


A lot of owners are looking at renting their condo out because they would lose so much money if they sold it right now. If you can take a couple hundred dollar hit a month and then want to buy another place at a very low price. We can help you. A lot of owners are taking a couple hundred dollar hit a month by renting out but expecting to make that up in their new home.


Rentals are strong right now in Fairfax Ridge. So think about that option.

If you have to short sell. Use an experienced realtor that knows how to sell short sales and has a team of professionals negotiators to negotiate with the bank. We have all this and we just ask that you consider interviewing us first before you make your decision on which realtor you are going to use.

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

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Fairfax Ridge Rentals

RENTALS

There are currently 11 condos for rent (+1)

1bedroom unit - 3 available
2bedroom units - 7 available
3bedroom units - 1 available

4 condos have been rented out in the past month.

We are seeing competing offers on these rentals surprisingly enough. Make sure you have a good agent to negotiate. We just helped another client rent a condo this past week, where there were 3 offers and we won !

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. Ask us more about this and how this benefits you !

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Weekly Report

I know lot of people have been asking where my report was last Friday ! I know I know I am sorry I was away from my computer most of the day with Thanksgiving and I went to put the report together and there was not much movement during the week. So I decided to just wait until this Friday to report all the data.

Check back this Friday and every Friday for your Fairfax Ridge Report !

A lot of owners are gearing up for the 2009 real estate spring season. Contact us to see how we can help you reach your real estate goals !

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Interest Rates Drop !!

I just wanted to shoot a note. Interest rates just took a huge dip today ! I am going to get more info from my Lender hopefully before Thanksgiving.

This means if you have been on the fence to buy , you need to get in the game today ! If interest rates go back up to where they were the other day, you overall payment goes way up and how much home you can afford goes way down!

A 300k loan last week will be over 10k more a year than a 300k loan today !

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Fairfax Ridge Condo Weekly Update 11/15/08-11/21/08

INTRODUCTION

We are your neighborhood expert !

We had our most movement in a couple months this week. We had 2 new condos go under contract and 1 sold this past week.

As of today (November 21, 2008 1o AM), there are 18 active listings (-3) in the MLS and 3 Condos (+1) are currently under contract and 3 Condos (+1) have sold in the last 30 days.

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

9 - 1 bedroom units (-2) ( 4 short sales, 3 bank owned, 2 regular sales)
9 -2 bedroom units (-1) (3 short sales, 5 regular sales, 1 bank owned)


NEW LISTINGS

According to MLS, there were no new listings this week. Look for the 2bedroom bank owned condo I mentioned last week to go soon !


UNDER CONTRACT

According to MLS, there are 3 condos under contract , 2 bank owned and 1 short sale.

11395Dr Aristotle Dr #408 - 0 (DOMP) 1bd/1ba

11353 ARISTOTLE DR #106 - 5 Days on the Market (DOMP) (2bedroom)

11345 ARISTOTLE DR #6-311 - 15 (DOMP) (2 bedroom)

I will have the final numbers for these once they close


SOLD

According to MLS, 2 condos sold in the last 30 days (+1). These were bank owned condos.

3 level, 2 bedroom, 2 bathroom -

11335 Aristotle Dr #5-215 - 117 (DOMP)

List Price - 329,900

Sold Price - 250,000

Seller Subsidy - 0

1 level, 2 bedroom, 2 bathroom -
11371 ARISTOTLE DR #9-213, FAIRFAX, VA 22030 - 61 (DOMP)

List Price - 239,000

Close Price - 239,000

Seller Subsidy - 6,000

3 level, 2 bedroom, 2 bathroom -
11359 ARISTOTLE DR #8-214, FAIRFAX, VA 22030 - 26 (DOMP)

List Price - 244,900
Close Price - 260,000
Seller Subsidy - 0

These sold more than 30 days ago -

2 level, 2 bedroom, 2 bathroom -
11397 ARISTOTLE DR #11-105, FAIRFAX, VA 22030 - 36 (DOMP)

List Price - 267,800
Close Price - 240,000
Seller Subsidy - 7,590


Fairfax Ridge Condos Sold for 2007 vs. 2008



Fairfax Condos Sold for 2007 vs. 2008

These stats are for all real estate in the 22030 zip code for the Month of October

	2008	2007	% Change
Total Sold $ Volume	$20,230,500	$19,753,398	2.4%
Avg. Sold Price	$459,784	$493,835	-6.9%
Median Sold Price	$426,000	$466,450	-8.6%
Total Units Sold	44	40	10%
Avg. Days on Market	82	64	28.1%
Avg. List Price for Solds:	$503,865	$525,291	-4%
Avg. Sale Price as a percentage of Avg. List Price:	91.25%	94.01%

EXPIRED or WITHDRAWN

There have been 4 listings that have been taken off the market in the last 30 days.

RENTALS

There are currently 10 condos for rent (+3)

1bedroom unit - 4 available

2bedroom units - 5 available

3bedroom units - 1 available

Units with a loft - 2 available

3 condos 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. Ask us more about this and how this benefits you !


OBSERVATIONS

1 bedroom units. The short sales and bank owned properties that are for sale are priced agressively to sell. There are two regular sales and they of course the highest priced 1 bedroom units.

2bedroom units. All 5 of the regular sales here are the highest priced 2bedroom units.

If you are upside down on your mortgage and are thinking about selling. Read my previous blog on short sales and how this is going to be the next big thing banks focus on! This will prevent you from having to get foreclosed on. Contact us for more info.

As far as the two bedroom that just sold. Notice that the owner listed it at 329 and it sold for 250k. Now this means one of two things. Either they short saled it and the bank approved the price ( I dont think this happened) or more than likely, they had money put into the condo and took that loss. Now if they are planning to buy then they will obviously make that loss difference up in the new place they buy. Its common sense. You are now buying your current home at a much lower price. You buy real estate for 5-10 years. By that time your new home will have appreciated and you make up the difference if not more.

If you know of anyone wanting to buy in Fairfax Ridge please contact us, we know this Fairfax Ridge market bettere than anyone and have helped many families here at Fairfax Ridge.

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

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Short Sales Are IN !

Ok I have strongly been against short sales and so have many agents for a long time. The reason being: They take months and there is no guarantee the bank will even let the property go... well... good news is finally here!

We had a team meeting today and they were discussing how some of the top banks that deal with foreclosures are going to stop forclosing on homes!

What does this mean ? Short Sales are where its at. This is going to take a couple months to implement but banks will be working with current owners to adjust their mortgage payments or letting them short sale. The short sale process shouldn't take as long as it has in the past !

I know a lot of Fairfax Ridge Condo owners are upside down. Now is the time to get more information about this. Please contact us to see how we can help you in your situation. Not any agent can do short sales. You need an experienced agent and a team of negotiators to work with you and negotiate with the bank.

If your payments are to high or you want to sell and can't because of the market. Contact us asap !

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TGIF Fridays Free Meal !

Ok we received this free buy one entre get one entre free coupon from TGIF Friday's and we had to share this with our clients and friends.

Click on this link here and you will be directed to the pdf file. All you have to do is print it and use it before the end of the month !

Any questions, just email me

I already used it this past weekend so it works ! ENJOY

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Fairfax Ridge Condo Weekly Update 11/08/08-11/14/08

INTRODUCTION

Those thinking of renting. I am working with and have interest from 3 seperate groups. If you are thinking of renting out your two bedroom unit. Email us asap.

As of today (November 14, 2008 1 PM), there are 21 active listings (+3) in the MLS and 2 Condos are currently under contract and 2 Condos have sold in the last 30 days.

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

11 - 1 bedroom units (-2) (5 short sales, 3 bank owned, 3 regular sales)
10 -2 bedroom units (-1) (3 short sales, 6 regular sales, 1 bank owned)


NEW LISTINGS

According to MLS, there was 1 new listings this week. This is bank owned. DO NOT EXPECT THIS ONE TO LAST LONG. 2 listings have come back on the market. 1 is a short sale and one is a regular sale. These have previously been on the market but were taken off and now back on.... and will probably be on the market for a long time.

This short sale below was under contract the last couple weeks but did not make it through. Short sales are very tough to close and 9 out of 10 times not worth the hastle. Ask us for advice on trying to purchase a short sale.

3851 ARISTOTLE CT #1-214, FAIRFAX, VA 22030 - 165+ Days On The Market (DOMP) (1 bedroom)


UNDER CONTRACT

According to MLS, there are 2 condos under contract , Both are bank owned properties.

11353 ARISTOTLE DR #106, FAIRFAX, VA 22030 - 5 Days on the Market (DOMP) (2bedroom)

11345 ARISTOTLE DR #6-311, FAIRFAX, VA 22030 - 15 (DOMP)
(2 bedroom)

I will have the final numbers for these once they close


SOLD

According to MLS, 2 condos sold in the last 30 days (+1). These were bank owned condos.

1 level, 2 bedroom, 2 bathroom -
11371 ARISTOTLE DR #9-213, FAIRFAX, VA 22030 - 61 (DOMP)

List Price - 239,000

Close Price - 239,000

Seller Subsidy - 6,000

3 level, 2 bedroom, 2 bathroom -
11359 ARISTOTLE DR #8-214, FAIRFAX, VA 22030 - 26 (DOMP)

List Price - 244,900
Close Price - 260,000
Seller Subsidy - 0

These sold more than 30 days ago -

2 level, 2 bedroom, 2 bathroom -
11397 ARISTOTLE DR #11-105, FAIRFAX, VA 22030 - 36 (DOMP)

List Price - 267,800
Close Price - 240,000
Seller Subsidy - 7,590


Fairfax Ridge Condos Sold for 2007 vs. 2008



Fairfax Condos Sold for 2007 vs. 2008

EXPIRED or WITHDRAWN

There have been 5 listings that have been taken off the market in the last 30 days.

RENTALS

There are currently 7 condos for rent (+1)

5 condos 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.


OBSERVATIONS

Interesting Fact - 13 of the 14 sales this year have been 2 bedroom units.

So do not be suprised if next week the 2bedroom bank owned unit that just came on the market is under contract.

Well as you can see from our stats 2bedroom units priced correctly and rental condos at Fairfax Ridge are doing awesome ! You wouldn't think rentals would be doing good this time of the year but they are. We can help you get your unit rented. Contact us

It looks like to me there are about 7 overpriced 2 bedroom condos that will sit on the market for a while and its hard to say about the 1 bedroom units. You should not be priced higher than a 2 bedroom unit, thats just plain sense. So probably around 5 overpriced 1 bedroom units.

Click on this link to read a great article from the Washington Business Journal about why now is a great time to buy.

If you know of anyone wanting to buy in Fairfax Ridge please contact us, we know this Fairfax Ridge market bettere than anyone and have helped many families here at Fairfax Ridge.

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

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Fairfax County Crime Statistics

Below is the link to a very good website that details crime statistics in Fairfax County.

You have to scroll down to the bottom of the page. Click on the disclaimer that you accept and you will be directed to the easy to use page.

Fairfax County Crime Website

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Important Fairfax Ridge Information

Fairfax Ridge

Click here for Fairfax Ridge Community Handbook and Rules

Owner and Tenants Emergency After Hours Number is 301-446-2635

The Board of Directors meeting is every 4th Wednesday of the month. All owners are welcome to attend.

Fall Maintenance Checklist
- Have HVAC unit serviced and turn on utility closet space heater when the temperature drops below 40 degrees
- Change filters
- Insure that all windows are caulked on the interior
- Check to make sure all bathroom caulk is intact
- Check all sinks and toilets for any leaks

Pest Control
The scheduled dates for the exterminator to come in November are the 10th and 24th between 9am and 12pm. Please contact the Management office by the preceding Friday if you would like your unit treated. This service is only offered to those who are experiencing trouble with pests, and residents must be home at the time of treatment to allow entrance into the unit.


Community Association Management Hours

Monday - Thursday 9am - 6pm
Friday - 9am - 4pm

Phone # - 703-934-2601
Fax # - 703-934-2605

Email : mwilson@cmc-management.com

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Service Providers

We hope this list of service providers is beneficial to you. If you have any questions or if we are missing a service provider for your needs.
Please contact us asap !


We have used many of these service providers throughout the years and they have done a great job for us.

We are still compiling the list and will update it shortly.



Moving Out of State

We do business and have contact with realtors all over the US. Ask us first if we know someone in the area you are moving to. Do not blindly choose a realtor. Get someone you know will do a good job !

TV

Before you sign up contact us because we have a partnership with verizon and direct tv that will save you money off your bill !

Direct TV - 1-800-494-4388 - enter account # 68944921 for $50 off your bill ! Must do this before you sign up

Verizon Fios - 1-888-591-6075 - up to 75$ off your bill email me !

Basic Lawn Care & Landscaping

Jeremy Edlin - 540-421-6434



Roofer - Perez General ContractorsRay Perez - 703-587-5008 , Cell: 703-677-5574



Well - Northern Virginia Drilling

Vincent Eberelein - 703-361-6859



Internet

Verizon DSL- 703-954-6222



Phone

Verizon - 703-954-6222

Vonage - 1-800-701-9039



Power

Dominion - 1-888-667-3000

Novec - 703- 335-0500



Gas

Washington Gas - 703- 750-1000



Water

Fairfax Water - 703- 698-5800

Prince William County Water - 703- 335-7900

Arlington Water - 703-228-6570




Movers - Around Town Movers
Jason Young - 703-200-1963
Plumber



Electrical



Deck Repair



Painting



Carpet





Windows and Siding





Bathroom and Kitchen Remodeling

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What I Did This Past Week

If all you care to read is about Northern Virginia Real Estate then you probably should just scroll down :) I will refrain from work related activities as much as I can in these blogs :) I try to stay active in the Fairfax Area and from time to time I am sure there might be a good recommendation in this blog for places to go or see.

I help coach a 14u baseball team and our season just came to an end. They are a travel team and the best 14u kids in northern virginia, we lost 3 games all fall! My mens softball team fall season also came to a close and we got 2nd place in division 7. We messed up the last game of the season or else we could have won 1st. Needless to say I am going to have lot more time on my hands !

And that brings us to Halloween. Every year around Halloween time I try to have a HUGE halloween party for all my friends and their friends. My fasciantion with Halloween all started back in college, when our school had a massive haunted halloween house that they transformed each year and had 1000's going through each weekend. I worked as a zombie or some other dead scary person for 4 years and then my 5th year I had my own room !!! We had a scary childs bedroom and the theme was jack in the box with scary clowns everywhere, it was awesome !!

But anyway, we had our halloween party on Nov 1st and it was a hit again ! at one point we had close to 150 people in our townhome ! lol To our surprise the neighbors next store, never called the cops (every party we have had, she has called the cops) So it was a hit and to this day, I am still cleaning up the house !

This past week was very unique and fun. I totally recommend doing this by the way. We went for a stroll through old town Alexandria. There are many walking tours and self guided tours and its just so much fun to see the character there. If you get a chance you need to walk by Lord Fairfax's house and just be in awe and wish you could own that house ! It is directly across the street from George Washingtons Alexandria townhome.

So on that theme of going back in time and finding out more about our US history, the next day we went to Mt. Vernon. I had not been here since highschool and last time I was here was 2 years ago for a wedding but at that time we just stayed in the restaurant (excellent by the way)

So we decided to do the National Treasure tour, based on the movie, it was an extra 5$ and you go to a couple places that ordinary guest dont get to see, like the basement of George Washingtons home ! I will not ruin the tour for you, but if you have a day to spend at Mt. Vernon its a lot of fun ! I heard during Christmas time they open up the top level of the home and that this is the only time of the year you get to go up there. Might be worth checking it out.

This upcoming weekend two of my friends are having a huge bday blow out that already has over 100 people attending ! I am sure there might be some excellent stories coming out of this.

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Fairfax Ridge Condo Weekly Update 11/01/08-11/07/08

INTRODUCTION

We had some interesting things happen this past week. Read through this update and read my observations at the bottom of the page. Also those thinking of renting. I am working with and have interest from 3 seperate groups. If you are thinking of renting out your two bedroom unit. Email us asap.

As of today (November 7, 2008 12 PM), there are 18 active listings in the MLS and 2 Condos are currently under contract and 2 Condos have sold in the last 30 days.

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

10 - 1 bedroom units (-2) (4 short sales, 3 bank owned, 3 regular sales)
8 -2 bedroom units (-1) (3 short sales, 5 regular sales)


NEW LISTINGS

According to MLS, there were no new listings this week. 3 listings have been withdrawn this past week.

This short sale was under contract the last couple weeks but did not make it through. Short sales are very tough to close and 9 out of 10 times not worth the hastle. Ask us for advice first.

3851 ARISTOTLE CT #1-214, FAIRFAX, VA 22030 - 165+ Days On The Market (DOMP) (1 bedroom)


UNDER CONTRACT

According to MLS, there are 2 condos under contract , 2 of these are bank owned properties.

11353 ARISTOTLE DR #106, FAIRFAX, VA 22030 - 5 Days on the Market (DOMP) (2bedroom)

11345 ARISTOTLE DR #6-311, FAIRFAX, VA 22030 - 15 (DOMP)
(2 bedroom)

I will have the final numbers for these once they close


SOLD

According to MLS, 2 condos sold in the last 30 days (+1). These were bank owned condos.

1 level, 2 bedroom, 2 bathroom -
11371 ARISTOTLE DR #9-213, FAIRFAX, VA 22030 - 61 (DOMP)

List Price - 239,000

Close Price - 239,000

Seller Subsidy - 6,000

3 level, 2 bedroom, 2 bathroom -
11359 ARISTOTLE DR #8-214, FAIRFAX, VA 22030 - 26 (DOMP)

List Price - 244,900
Close Price - 260,000
Seller Subsidy - 0

These sold more than 30 days ago -

2 level, 2 bedroom, 2 bathroom -
11397 ARISTOTLE DR #11-105, FAIRFAX, VA 22030 - 36 (DOMP)

List Price - 267,800
Close Price - 240,000
Seller Subsidy - 7,590


Fairfax Ridge Condos Sold for 2007 vs. 2008



Fairfax Condos Sold for 2007 vs. 2008

EXPIRED or WITHDRAWN

There have been 9 listings that have been taken off the market in the last 30 days.

RENTALS

There are currently 6 condos for rent (-1)

4 condos 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.


OBSERVATIONS

I posted yesterday the interesting fact for Fairfax Ridge. 13 of the 14 sales this year have been 2 bedroom units. Well it looks like we will be adding two more to this statistic. The 2 condos that are currently under contract are two bedroom units. These are both bank owned units and the bank has priced these to sell and sell quickly. 5 days on the market for the latest one !!

Good news for regular sales it looks like there are no more bank owned 2 bedroom units for the time being.

If you know of anyone wanting to buy in Fairfax Ridge please contact us, we know this Fairfax Ridge market and have helped many families here at Fairfax Ridge.

Be cautious about the short sales on the market. They are a lot of work and 9 out of 10 will not make it and will be forclosed on months down the road. Contact us if you are thinking about buying a short sale. We will explain the process.

Sellers. One of the number one things people look for in a realtor is honesty. Our team will be straight up with you guys and let you know what your home is worth. If you list with us, we will get top dollar for your condo. But if you are upside down and this means you have to rent it out, then we will help you do that. We are always looking out for your best interest. No shady alterior motives here. Our business which comes mostly from referrals can not risk having our clients unhappy with us. All we ask is for you to meet with us and see if we can help you.

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

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Interesting Fact

Did you know that in 2008, 13 of the 14 sales at Fairfax Ridge were 2 bedroom units. ?!?!

We understand a lot of Fairfax Ridge condo owners are in terrible situation and can't sell because the prices have come down so much.

We would love to help you out in anyway we can and one way we can help, is to get your condo rented. If you need to get your condo rented. Please contact us asap ! 28 condos at Fairfax Ridge have been rented this year already.

The rental market is pretty strong right now and its a much better option of losing 2oo-300 a month than 100k !

Make sure to keep checking back each Friday for weekly updates on your community.

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Fairfax Ridge Condo Weekly Update 10/26/08-11/01/08

INTRODUCTION

As of today (October 30, 2008 12 PM), there are 21 active listings in MLS and 3 condos that are currently under contract and 2 that have sold in the last 30 days.

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

12 - 1 bedroom units (5 short sales, 3 bank owned, 4 regular sales)
9 -2 bedroom units (3 short sales, 6 regular sales)


NEW LISTINGS

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


UNDER CONTRACT

According to MLS, there are 3 condos under contract (-1), 2 of these are bank owned properties and 1 is a short sale.

3851 ARISTOTLE CT #1-214, FAIRFAX, VA 22030 - 165 Days On The Market (DOMP) (1 bedroom)

11371 ARISTOTLE DR #9-213, FAIRFAX, VA 22030 - 61 (DOMP)
(2 bedroom)

11345 ARISTOTLE DR #6-311, FAIRFAX, VA 22030 - 15 (DOMP)
(2 bedroom)

I will have the final numbers for these once they close


SOLD

According to MLS, 2 condos sold in the last 30 days (+1). These were bank owned condos.

3 level, 2 bedroom, 2 bathroom -
11359 ARISTOTLE DR #8-214, FAIRFAX, VA 22030 - 26 (DOMP)

List Price - 244,900
Close Price - 260,000
Seller Subsidy - 0

2 level, 2 bedroom, 2 bathroom -
11397 ARISTOTLE DR #11-105, FAIRFAX, VA 22030 - 36 (DOMP)

List Price - 267,800
Close Price - 240,000
Seller Subsidy - 7,590


Fairfax Ridge Condos Sold for 2007 vs. 2008



Fairfax Condos Sold for 2007 vs. 2008

EXPIRED or WITHDRAWN

There have been 5 listings that have been taken off the market in the last 30 days.

RENTALS

There are currently 7 condos for rent (+1)

3 condos 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.


OBSERVATIONS

Check back Friday for this ....






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

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Fairfax Ridge Condo Weekly Update 10/19/08-10/25/08

INTRODUCTION

*First of all the numbers in this weekly update for active listings only will be a little bit different then last weeks. Some realtors did not properly market their property at Fairfax Ridge. What this means ... If I could not find it... a vast majority of other agents could not find it. Which means... a lot of buyers were not seeing their listings. Make sure you hire a competent realtor.

As of today (October 24, 2008 12 PM), there are 21 active listings in MLS and 4 condos that are currently under contract and 1 that has sold in the last 30 days.

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

10 - 1 bedroom units
11 -2 bedroom units


NEW LISTINGS

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


UNDER CONTRACT

According to MLS, there are 4 condos under contract, 3 of these are bank owned properties and 1 is a short sale.

3851 ARISTOTLE CT #1-214, FAIRFAX, VA 22030 - 165 Days On The Market (DOMP) (1 bedroom)

11371 ARISTOTLE DR #9-213, FAIRFAX, VA 22030 - 61 (DOMP)
(2 bedroom)

11359 ARISTOTLE DR #8-214, FAIRFAX, VA 22030 - 26 (DOMP)
(2 bedroom)

11345 ARISTOTLE DR #6-311, FAIRFAX, VA 22030 - 15 (DOMP)
(2 bedroom)

I will have the final numbers for these once they close


SOLD

According to MLS, 1 condo sold in the last 30 days. This was a bank owned condo.

2 level, 2 bedroom, 2 bathroom

11397 ARISTOTLE DR #11-105, FAIRFAX, VA 22030 - 36 (DOMP)

List Price - 267,800
Close Price - 240,000
Seller Subsidy - 7,590

Fairfax Ridge Condos Sold for 2007 vs. 2008



Fairfax Condos Sold for 2007 vs. 2008

RENTALS

There are currently 6 condos for rent

3 condos 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.


OBSERVATIONS

I have been talking with a lot of the home owners at Fairfax Ridge and a lot of them just can not sell there condo right now, but they would love to. They are deciding to rent it out instead. If you would like help getting your condo rented and getting the most rental income you can and get qualified renters. Please contact us

A good thing to remember though is yes you might be taking a hit on selling your condo now, but..... the next home you buy, you know you will be buying it at a much lower price than you would have , if you bought it 3 years ago. So look to build equity in a townhome or single family home, if you are living within your means.

Also after talking with our lenders it looks like for some people they might have to sell their condo if they are going to buy another place. Because lets say your condo is worth 300k and you are thinking yeah I will just rent it out and buy a townhome for 400k. Well new lending restrictions will require you to qualify for a loan for the price of both of those (700k) they are not taking into consideration rental income now. So some owners will just have to sell their condo to move up to a townhome or single family.

As always we would love to help you reach your real estate goals. Please don't hesitate to contact us if you need any information.

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

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Survey

If you currently own or live at Fairfax Ridge. We would love to hear from you.

We have helped so many people at Fairfax Ridge and want to continue to make the community better ! We are doing a short survey and have called a lot of the owners but obviously can not reach all of them.

If you get a chance. Just answer these 2 questions to help us better serve your community.

Email your answers to us here

What is 1 thing you like about Fairfax Ridge

What is 1 thing you dislike about Fairfax Ridge

These answers once all compiled will be posted back up on this blog. Check back later for the results.

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Fairfax Ridge Condo Weekly Update 10/12/08-10/18/08

INTRODUCTION

As of today (October 17, 2008 1 PM), there are 20 active listings in MLS +2 since last weeks update and 4 condos that are currently under contract +1 since last week and 1 that has sold in the last 30 days. This gives us an absorption rate of 5. Which means if no more condos came on the market today it would take an average of 5 months to sell your current condo. (This does not take into effect the other Fairfax County Condos, or the condition of your condo) To cut your time on the market , please email us

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

8 - 1 bedroom units
12 -2 bedroom units


NEW LISTINGS

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


UNDER CONTRACT

According to MLS, there are 4 condos under contract, +1 since last week. 3 of these are bank owned properties and 1 is a short sale.

3851 ARISTOTLE CT #1-214, FAIRFAX, VA 22030 - 165 Days On The Market (DOMP) (1 bedroom)

11371 ARISTOTLE DR #9-213, FAIRFAX, VA 22030 - 61 (DOMP)
(2 bedroom)

11359 ARISTOTLE DR #8-214, FAIRFAX, VA 22030 - 26 (DOMP)
(2 bedroom)

11345 ARISTOTLE DR #6-311, FAIRFAX, VA 22030 - 15 (DOMP)
(2 bedroom)

I will have the final numbers for these once they close


SOLD

According to MLS, 1 condo sold in the last 30 days. This was a bank owned condo.

2 level, 2 bedroom, 2 bathroom

11397 ARISTOTLE DR #11-105, FAIRFAX, VA 22030 - 36 (DOMP)

List Price - 267,800
Close Price - 240,000
Seller Subsidy - 7,590


RENTALS

There are currently 4 condos for rent +2 since last week

2 condos have been rented out in the past month.

1 condo was withdrawn from being rented.

If you need any help finding a rental or listing your condo for rent, please contact us.


OBSERVATIONS

Fairfax Ridge Current condos have been on the market for an average of 105 days. Now there are 4 condos that have skewed this average very high. These are all regular sales and by the numbers these owners are relectant to drop there price to the current market level, because either they owe more on their mortgage or think their condo is worth more. Either way, they will continue to sit on the market longer. These 4 condos have been on the market averaged between them 327 days. Do not make the mistake of overpricing your condo or you will end up like them.

Bank owned condo sales in Fairfax Ridge still dominate the sales volume this year, but a few regular sales are getting through. Make sure you interview the right agents. We would love for you to at least interview our team to see if we are the best fit for you. You owe it to your self to hire the most knowlegable and capable realtor to get your most important investment sold.

If you have to sell your place and can not wait. Please contact us to see if we can help.




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

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Did You Know

Did you know that for $2,000 a month you could buy a 2 bedroom / 2 bath condo at Fairfax Ridge instead of renting ?

Our lender did an estimate and said that for $2,000 a month you could get a 300,000 mortgage. Why rent anymore ?

If you would like to find out how you can buy a place in Fairfax Ridge. Please contact us

On Friday look for my weekly report to see this past weeks activity at Fairfax Ridge and how this affects you !

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Fairfax Ridge Condo Weekly Update 10/5/08-10/11/08

INTRODUCTION

As of today (October 9, 2008 2 PM), there are 19 active listings in MLS and 3 condos that went under contract within last 30 days and 1 that has sold in the last 30 days. This gives us an absorption rate of 5. Which means if no more condos came on the market today it would take an average of 5 months to sell your current condo.

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

8 - 1 bedroom units
11 -2 bedroom units


NEW LISTINGS

According to MLS, there were 2 new listing last week.


UNDER CONTRACT

According to MLS, there are 3 condos under contract. 2 of these are bank owned properties and 1 is a short sale.

3851 ARISTOTLE CT #1-214, FAIRFAX, VA 22030 - 165 Days On The Market (DOMP)

11371 ARISTOTLE DR #9-213, FAIRFAX, VA 22030 - 61 (DOMP)

11359 ARISTOTLE DR #8-214, FAIRFAX, VA 22030 - 26 (DOMP)

I will have the final numbers for these once they close


SOLD

According to MLS, 1 condo sold in the last 30 days. This was a bank owned condo.

2 level, 2 bedroom, 2 bathroom

11397 ARISTOTLE DR #11-105, FAIRFAX, VA 22030 - 36 (DOMP)

List Price - 267,800
Close Price - 240,000
Seller Subsidy - 7,590


RENTALS

There are currently 3 condos for rent.

4 condos 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.


OBSERVATIONS

It looks like the bank owned condos are selling much more quickly then regular sales. If you are thinking about selling, make sure you price your condo competitively or it will sit on the market for at least 5 months.

The price range for Fairfax Condos is excellent for first time home buyers and we have a lot of people looking at these condos. But you have to know what condos are selling for around you and at other condo developments to give your condo the best chance of selling.





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

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Fairfax Ridge Condo Owners

Ok now lets look at the data this year for the current state of the market for you owners of the Fairfax Ridge Condos.

10/08/2008

There are currently 19 active condos on the market

In the last 30 days there are 4 condos that have sold or are under contract.

These numbers are telling us that condos in this development are sitting on the market for 3-4 months.

Now it does look like more 1bedroom and 2 bedroom condo units are selling better than the 3 bedroom units. But lets keep in mind you have to have this unit priced right for it to sell or else it will sit on the market just like the 7 current ones that have been on the market over 100 days !

It looks like there are currently 4 short sales and 1 bank owned property here. I am going to get more information on these and post it to my blog asap.


If you would like for us to get you information about your condo and what it can sell for and compare that with what is selling in the Fairfax Ridge Development and other Fairfax area condos, please Email us. There is no obligation and we would love to get you this free information.

Check back next week for more information and 2007 sales compared to 2008

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Fairfax Ridge Condo Future Homeowners

Ok if you are thinking about buying in the Fairfax Ridge Condo development this information will be helpful.

If you are looking for a 1 bedroom or 2 bedroom unit here you have a lot of options. A majority of the condos are overpriced for this current market. But there are some great deals on some current ones available also. You will want an experienced realtor who knows this market and this development to help you negotiate the best price possible.

We would like to push our real estate team here :) We can help you get the best possible price and most amount of seller concessions possible. This is your market ! We are getting our buyers some great deals right now.

If you would like to preview one of these condos or get exclusive video footage of one of the current condos for sale (only available on this blog !) Email us We would be happy to provide you with this information.

Rates are at all time lows right now! It is a great time to buy ! even more so if you are planning on stayin in the area for 3-6 years.

Take a look at a little bit of the email from my lender highlighting the rate drop today.

Global Banks Unite in Unprecedented Rate Cuts
Ben Bernanke and the Fed brought financial aid to the streets, lowering the Federal Funds Rate and Discount Rate by 0.50%. In an unprecedented emergency move, central banks across the globe joined in lowering interest rates. This move follows Washington's passing of the $700 billion Rescue Plan. From Wall Street to Main Street, a common concern has been heard by Washington. "We need money... no, let me rephrase that...we need cheap money."

Rates Could Rise From Here
Home loan rates have benefited from the weakness in the financial markets. Fixed rate mortgages remain very attractive. However, the Fed lowers short term interest rates to shore up financial markets. This could cause home loan rates to rise in the coming weeks and months if confidence returns to the stock markets.

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Fairfax Ridge Condo Rentals

10/08/2008

Ok I want to help the owners of Fairfax Ridge Condos and those looking to rent a place in the Fairfax Ridge Condo Developent. So what we are going to look at every couple weeks is how well the rental market is doing for the Fairfax Condo Development.

Please Email me if you have any questions about these condos or if you are looking to rent in another condo development.

2007 Stats

The average rental price for a 1 bedroom unit was $1,352

The average rental price for a 2 bedroom unit was $1,583

The average rental price for a 3 bedroom unit was $2,000


2008 Stats

The average rental price for a 1 bedroom unit is $1,232

The average rental price for a 2 bedroom unit is $1,583

The average rental price for a 3 bedroom unit is $1,850


Owners

The rent price of your unit will vary on the model type, # of bathrooms, # of levels and the condition of the condo. If you are thinking about renting your unit out and would like to see how much you could get, please
contact us.

Renters

If you are interested in renting a condo in the Fairfax Ridge Developement please contact us and we can get you more information.

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About Fairfax Ridge Condos

Fairfax Ridge Community Handbook and Rules

Fairfax Ridge

Year Built:

Built in 2003

Condo Fee:

Range of $190 - $280. Mostly in the lower 200's

Apartment Features:

Air ConditioningCable Ready Ceiling Fan(s)DishwasherView Oversized ClosetsWasher & Dryer In Unit

Community Features:

Emergency MaintenanceGarage and/or Covered ParkingGated AccessHigh Speed Internet AccessPet FriendlyPublic TransportationUpscale Club House with Fitness CenterFantastic Pool with SundeckTheater RoomMinutes from Fairfax Town CenterLess than 1 mile from route 50 & I66

Floor Plans:

1 bedroom , 2 bedroom , and 3 bedroom units

Square Footage ranges from 700 - 1350 depending on the unit and model.

Parking:

Some units have assigned garages. Others have Assigned parking spots.
There is also alot of street parking for guests.

Schools:

Elementary School - Waples Mill Elementary School
Middle School - Lanier Middle School
High School - Fairfax High School

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