Nate & The 12:45 Team Did It Again
Call Nate: 571-494-1245

Email Nate - NateJohnson@1245team.com
Nate Johnson is a licensed Realtor serving VA, MD & DC

Friday, December 18, 2009

Fairfax Ridge Condo Weekly Sales Report 12/9/09 - 12/18/09

MyFairfaxRidgeCondo.com

Relevant Real Estate Information for the Fairfax Ridge Condo Community

INTRODUCTION



As of today (December 18, 2009 11 AM), there are 3 active listings in the MLS and 11 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:

0- 1 bedroom units
3- 2 bedroom units
0 - 3 bedroom unit

NEW LISTINGS

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


UNDER CONTRACT

According to MLS, there are 11 condos under contract , 2 bank owned and 9 short sale.


11350 Aristotle Dr #7-104 - 14 (DOMP) 1bd/1ba
11395 Aristotle Dr #210 - 12 (DOMP) 1bd/1ba
11352 Aristotle Dr #7-106 - 45(DOMP) 1bd/1ba
11321 Aristotle Dr #3-302 -4 (DOMP) 1bd/1ba
11320 Aristotle Dr #4-406 - 81(DOMP) 1bd/1ba
11329 Aristotle Dr #5-213 - 12 (DOMP) 2bd/2ba
11395 Aristotle Dr #11-311 - 17 (DOMP) 2bd/2ba
11353 Aristotle Dr #8-307- 1001 (DOMP)2bd/2ba
3851 Aristotle Ct #1-203 - 8 (DOMP) 2bd/2ba
11345 Aristotle Dr #6-410 - 26 (DOMP) 2bd/2ba
3851 Aristotle Ct #1-407 -0 (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 .

11329 Aristotle Dr#5-308 - 20 (DOMP) 2bd/2a Short Sale

Asking Price - $229,000
Sales Price - $230,000
Seller Subsidy - $3,450

11345 Aristotle Dr #6-313 - 20(DOMP) 2bd/2ba Regular Sale

Asking Price - $245,000
Sales Price - $240,000
Seller Subsidy - $0

11351 Aristotle Dr #8-402 - 6 (DOMP) 1bd/1ba - Short Sale (Took 6 months to close)

Asking Price - $169,000
Sales Price - $180,000
Seller Subsidy - $4,417

3851 Aristotle Ct #1-305 - 1bd/1ba (181 DOMP) - Short Sale (Took 7 months to close)

Asking Price - $165,000
Sales Price - $165,000
Seller Subsidy - $3,000

11373 Aristotle Dr #309 - 3bd/2ba (6 DOMP) - Bank Owned

Asking Price - $254,900
Sales Price - $256,000
Seller Subsidy -$8,960

11345 Aristotle Dr#6-308 -2bd/2ba (14 DOMP) - Bank Owned

Asking Price -$224,700
Sales Price -$238,000
Seller Subsidy -$0


Click below for all Fairfax Ridge Condo sales for 2009
Sales More Than 30 Days ago








22033
These stats are for all real estate in the 22033 zip code for the Month of August




Fairfax Ridge Condos Sold for 2007 vs. 2008 vs 2009





Fairfax Condos Sold for 2007 vs. 2008 vs. 2009




EXPIRED or WITHDRAWN There have been 1 listings that have been taken off the market in the last 30 days.


RENTALS

There are currently 4 condos for rent

1bedroom units - 2 available
2bedroom units - 2 available
3bedroom units - 0 available

1 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


If you are thinking about buying or selling in the next 3 months we would be honored to work with you ! Shoot us an email

Keep checking back each Friday for your updated market report for Fairfax Ridge













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





Wednesday, November 25, 2009

Fairfax Ridge Condo Weekly Sales Report 11/19/09-11/25/09

MyFairfaxRidgeCondo.com

Relevant Real Estate Information for the Fairfax Ridge Condo Community

INTRODUCTION

Buyers:
Interest rates continue to stay very low. If they go up like they might in early 2010. It could increase your payments by as much as $200 a month.

Sellers:
Most people selling now at Fairfax Ridge are short sales. If you no longer can make your payments or do not want to make your payments and cant sell. Contact us. We can get your property sold in much less time than the current short sales are taking. Contact us to see if Short sale is a good option for you.


As of today (November 25, 2009 11 AM), there are 2 active listings in the MLS and 15 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:

0- 1 bedroom units
2 - 2 bedroom units
0 - 3 bedroom unit

NEW LISTINGS

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


UNDER CONTRACT

According to MLS, there are 15 condos under contract , 3 bank owned and 12 short sale.

11350 Aristotle Dr #7-104 - 14 (DOMP) 1bd/1ba
11395 Aristotle Dr #210 - 12 (DOMP) 1bd/1ba
11352 Aristotle Dr #7-106 - 45(DOMP) 1bd/1ba
11321 Aristotle Dr #3-302 -4 (DOMP) 1bd/1ba
11320 Aristotle Dr #4-406 - 81(DOMP) 1bd/1ba
11329 Aristotle Dr #5-211 -256 (DOMP)2bd/1ba
11329 Aristotle Dr #5-213 - 12 (DOMP) 2bd/2ba
11329 Aristotle Dr#5-308 - 20 (DOMP) 2bd/2a
11395 Aristotle Dr #11-311 - 17 (DOMP) 2bd/2ba
11353 Aristotle Dr #8-307- 1001 (DOMP)2bd/2ba
11317 Aristotle Dr #3-310 - 55 (DOMP) 2bd/2ba
3851 Aristotle Ct #1-203 - 8 (DOMP) 2bd/2ba
11345 Aristotle Dr #6-313 - 20(DOMP) 2bd/2ba
11345 Aristotle Dr #6-410 - 26 (DOMP) 2bd/2ba
3851 Aristotle Ct #1-407 -0 (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 .


11351 Aristotle Dr #8-402 - 6 (DOMP) 1bd/1ba - Short Sale (Took 6 months to close)

Asking Price - $169,000
Sales Price - $180,000
Seller Subsidy - $4,417

3851 Aristotle Ct #1-305 - 1bd/1ba (181 DOMP) - Short Sale (Took 7 months to close)

Asking Price - $165,000
Sales Price - $165,000
Seller Subsidy - $3,000

11373 Aristotle Dr #309 - 3bd/2ba (6 DOMP) - Bank Owned

Asking Price - $254,900
Sales Price - $256,000
Seller Subsidy -$8,960

11345 Aristotle Dr#6-308 -2bd/2ba (14 DOMP) - Bank Owned

Asking Price -$224,700
Sales Price -$238,000
Seller Subsidy -$0


Click below for all Fairfax Ridge Condo sales for 2009
Sales More Than 30 Days ago








22033
These stats are for all real estate in the 22033 zip code for the Month of August




Fairfax Ridge Condos Sold for 2007 vs. 2008 vs 2009




Fairfax Condos Sold for 2007 vs. 2008 vs. 2009




EXPIRED or WITHDRAWN There have been 1 listings that have been taken off the market in the last 30 days.


RENTALS

There are currently 16 condos for rent

1bedroom units - 6 available
2bedroom units - 8 available
3bedroom units - 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


If you are thinking about buying or selling in the next 3 months we would be honored to work with you ! Shoot us an email

Keep checking back each Friday for your updated market report for Fairfax Ridge
















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










Friday, November 6, 2009

Fairfax Ridge Condo Weekly Sales Report 10/30/09 - 11/06/09

MyFairfaxRidgeCondo.com

Relevant Real Estate Information for the Fairfax Ridge Condo Community

INTRODUCTION

Its been a while since we updated the stats on Fairfax Ridge. There are still 13 short sales under contract and only 1 has closed in the last 2 months.

I can help you if you can no longer make your payments or in a couple months you will not be able to make your payments. Please contact me asap.

If you are thinking about buying here in Fairfax Ridge, contact me today and we can set up a time to go look at what is available. There are still some good deals to be had here.

As of today (November 6, 2009 11 AM), there are 2 active listings in the MLS and 13 Condos are currently under contract and 0 Condos have sold in the last 30 days.

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

1- 1 bedroom units
1 - 2 bedroom units
0 - 3 bedroom unit

NEW LISTINGS

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


UNDER CONTRACT

According to MLS, there are 16 condos under contract , 3 bank owned and 13 short sale.

11350 Aristotle Dr #7-104 - 14 (DOMP) 1bd/1ba
11352 Aristotle Dr #7-106 - 45(DOMP) 1bd/1ba
11321 Aristotle Dr #3-302 -4 (DOMP) 1bd/1ba
11320 Aristotle Dr #4-406 - 81(DOMP) 1bd/1ba
11351 Aristotle Dr #8-402 - 5 (DOMP) 1bd/1ba
11329 Aristotle Dr #5-211 -256 (DOMP)2bd/1ba
11329 Aristotle Dr #5-213 - 12 (DOMP) 2bd/2ba
11329 Aristotle Dr#5-308 - 20 (DOMP) 2bd/2a
11395 Aristotle Dr #11-311 - 17 (DOMP) 2bd/2ba
11353 Aristotle Dr #8-307- 1001 (DOMP)2bd/2ba
11317 Aristotle Dr #3-310 - 55 (DOMP) 2bd/2ba
3851 Aristotle Ct #1-203 - 8 (DOMP) 2bd/2ba
3851 Aristotle Ct #1-109 - 4 (DOMP) 2bd/2ba
11345 Aristotle Dr #6-313 - 20(DOMP) 2bd/2ba
11345 Aristotle Dr #6-410 - 26 (DOMP) 2bd/2ba
3851 Aristotle Ct #1-407 -0 (DOMP) 2bd/2ba


I will have the final numbers for these once they close


SOLD

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

3851 Aristotle Ct #1-305 - 1bd/1ba (181 DOMP) - Short Sale

Asking Price - $165,000
Sales Price - $165,000
Seller Subsidy - $3,000

11373 Aristotle Dr #309 - 3bd/2ba (6 DOMP) - Bank Owned

Asking Price - $254,900
Sales Price - $256,000
Seller Subsidy -$8,960

11345 Aristotle Dr#6-308 -2bd/2ba (14 DOMP) - Bank Owned

Asking Price -$224,700
Sales Price -$238,000
Seller Subsidy -$0


Click below for all Fairfax Ridge Condo sales for 2009
Sales More Than 30 Days ago







22033
These stats are for all real estate in the 22033 zip code for the Month of August




Fairfax Ridge Condos Sold for 2007 vs. 2008 vs 2009





Fairfax Condos Sold for 2007 vs. 2008 vs. 2009




EXPIRED or WITHDRAWN There have been 1 listings that have been taken off the market in the last 30 days.


RENTALS

There are currently 16 condos for rent

1bedroom units - 6 available
2bedroom units - 9 available
3bedroom units - 1 available

1 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

If you are thinking about buying or selling in the next 3 months we would be honored to work with you ! Shoot us an email

Keep checking back each Friday for your updated market report for Fairfax Ridge












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






Monday, October 12, 2009

Is Your Fairfax Ridge Condo Upside Down? Know Your Options

Is Your Home Upside Down? Know Your Options

Consider a Short Sale

*Advantages of a short sale

- Your mortgage company will agree to settle for less than what is owed.
- Sell your home quickly and easily for top market value.
- Pay absolutely no commissions and potentially no closing costs.
- Avoid foreclosure and possible bankruptcy
- Lessen the impact on your credit
- Potentially walk away from the bank with no debt and tax consequences.

Timing is very critical. Do not wait any longer.

Contact us today to get more information about short sales.




Tuesday, September 15, 2009

Fairfax Ridge Condo Weekly Sales Report 9/05/09 - 9/15/09

MyFairfaxRidgeCondo.com

Relevant Real Estate Information for the Fairfax Ridge Condo Community

INTRODUCTION

Ok I am updating this report a couple days early this week. Things have slowed down at Fairfax Ridge. Thats a good sign because the only thing that has been selling here is short sales and bank owned properties.

Surprising stat: Only 1 regular sale at Fairfax Ridge this year.

There is only 4 condos on the market. 3 of them are short sales and 1 of them is bank owned. The bank owned should be gone anyday now. 2 bedroom.

Check out the zip code stats for 22033. 2009 is crushing 2008. Its going to end up being a Great year for home sales.!

As of today (September 15, 2009 11 AM), there are 4 active listings in the MLS and 13 Condos are currently under contract and 0 Condos have sold in the last 30 days.

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

2 - 1 bedroom units
2 - 2 bedroom units
0 - 3 bedroom unit

NEW LISTINGS

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


UNDER CONTRACT

According to MLS, there are 14 condos under contract , 3 bank owned and 11 short sale.

11350 Aristotle Dr #7-104 - 14 (DOMP) 1bd/1ba
11352 Aristotle Dr #7-106 - 45(DOMP) 1bd/1ba
3851 Aristotle Ct #1-305 - 182 (DOMP) 1bd/1ba
11321 Aristotle Dr #3-302 -4 (DOMP) 1bd/1ba
11351 Aristotle Dr #8-402 - 5 (DOMP) 1bd/1ba
11329 Aristotle Dr #5-211 -256 (DOMP)2bd/1ba
11329 Aristotle Dr #5-213 - 12 (DOMP) 2bd/2ba
11395 Aristotle Dr #11-311 - 17 (DOMP) 2bd/2ba
11317 Aristotle Dr #3-310 - 55 (DOMP) 2bd/2ba
3851 Aristotle Ct #1-203 - 8 (DOMP) 2bd/2ba
3851 Aristotle Ct #1-109 - 4 (DOMP) 2bd/2ba
11345 Aristotle Dr #6-410 - 26 (DOMP) 2bd/2ba
3851 Aristotle Ct #1-407 -0 (DOMP) 2bd/2ba
11373 Aristotle Dr #309 - 3 (DOMP) 3bd/2ba


I will have the final numbers for these once they close


SOLD

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






Click below for all Fairfax Ridge Condo sales for 2009
Sales More Than 30 Days ago





22033
These stats are for all real estate in the 22033 zip code for the Month of August




Fairfax Ridge Condos Sold for 2007 vs. 2008 vs 2009




Fairfax Condos Sold for 2007 vs. 2008 vs. 2009




EXPIRED or WITHDRAWN There have been 1 listings that have been taken off the market in the last 30 days.


RENTALS

There are currently 11 condos for rent

1bedroom units - 4 available
2bedroom units - 5 available
3bedroom units - 2 available

2 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

If you are thinking about buying or selling in the next 3 months we would be honored to work with you ! Shoot us an email

Keep checking back each Friday for your updated market report for Fairfax Ridge











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





Thursday, September 3, 2009

Fairfax Ridge Condo Weekly Sales Report 8/28/09 - 9/4/09

MyFairfaxRidgeCondo.com

Relevant Real Estate Information for the Fairfax Ridge Condo Community

INTRODUCTION

No good updates this week. No closings in the past week and there are still ALOT of short sales at Fairfax Ridge under contract.

What could be very beneficial for buyers looking here, is to get all the there financing ready and hope that one of these short sales come back on the market. Since most of these short sales have already started the process and been under contract for a couple months, it will be a much shorter time for the next buyer. Alot of buyers who put offers on short sales get so frustrated and end up finding something else in the meantime. Which is great news for the next buyer. But you have to act fast !

I am off the Ocean City this weekend ! Hope everyone has a great holiday weekend .

As of today (September 4, 2009 11 AM), there are 4 active listings in the MLS and 13 Condos are currently under contract and 4 Condos have sold in the last 60 days.

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

2 - 1 bedroom units
2 - 2 bedroom units
0 - 3 bedroom unit

NEW LISTINGS

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


UNDER CONTRACT

According to MLS, there are 13 condos under contract , 2 bank owned and 11 short sale.

11350 Aristotle Dr #7-104 - 14 (DOMP) 1bd/1ba
11352 Aristotle Dr #7-106 - 45(DOMP) 1bd/1ba
3851 Aristotle Ct #1-305 - 182 (DOMP) 1bd/1ba
11321 Aristotle Dr #3-302 -4 (DOMP) 1bd/1ba
11351 Aristotle Dr #8-402 - 5 (DOMP) 1bd/1ba
11329 Aristotle Dr #5-211 -256 (DOMP)2bd/1ba
11329 Aristotle Dr #5-213 - 12 (DOMP) 2bd/2ba
11317 Aristotle Dr #3-310 - 55 (DOMP) 2bd/2ba
3851 Aristotle Ct #1-203 - 8 (DOMP) 2bd/2ba
3851 Aristotle Ct #1-109 - 4 (DOMP) 2bd/2ba
11345 Aristotle Dr #6-410 - 26 (DOMP) 2bd/2ba
3851 Aristotle Ct #1-407 -0 (DOMP) 2bd/2ba
11373 Aristotle Dr #309 - 3 (DOMP) 3bd/2ba


I will have the final numbers for these once they close


SOLD

According to MLS, 4 condos sold in the last 60 days .

11355 Aristotle Dr #8-113 - 18 (DOMP) 2bd/2ba Bank Owned

Asking Price - $259,900
Sales Price - $240,000
Seller Subsidy - $0

11326 Aristotle Dr #4-304 - 144(DOMP) 1bd/1ba Short Sale (took 4 months to close)

Asking Price - $164,900
Sales Price - $165,000
Seller Subsidy - $3,917

11320 Aristotle Dr #4-308 -24 (DOMP) 1bd/1ba Short Sale (took 3 months to close)

Asking Price - $179,500
Sales Price - $165,000
Seller Subsidy - $2,500

11317 Aristotle Dr #3-313 -26 (DOMP) 2bd/2ba Short Sale (took 3 months to close)

Asking Price - $245,000
Sales Price - $225,000
Seller Subsidy - $5,249.98

11350 Aristotle Dr #7-301 - 36 (DOMP) 2bd/2ba Short Sale

Asking Price - $239,000
Sales Price - $228,000
Seller Subsidy - $5,000

11347 Aristotle Dr #6-307 -14 (DOMP) 2bd/2ba Short Sale

Asking Price-$230,000
Sales Price-$232,000
Seller Subsidy-$6000

11350 Aristotle Dr #7-101 - 17 (DOMP) 2bd/2ba - Bank Owned

Asking Price - $229,900
Sales Price - $223,000
Seller Subsidy - 0

11350 Aristotle Dr #7-202 - 227 (DOMP) 1bd/1ba - Short Sale

Asking Price - $170,000
Sales Price - $160,000
Seller Subsidy - $4,717

11395 ARISTOTLE DR #11-408 - 112(DOMP) 1bd/1ba -Short Sale

Asking Price - $179,900
Sales Price - $165,900
Seller Subsidy - $4,977



Click below for all Fairfax Ridge Condo sales for 2009
Sales More Than 30 Days ago

22033
These stats are for all real estate in the 22033 zip code for the Month of August




Fairfax Ridge Condos Sold for 2007 vs. 2008



Fairfax Condos Sold for 2007 vs. 2008




EXPIRED or WITHDRAWN There have been 1 listings that have been taken off the market in the last 30 days.


RENTALS

There are currently 2 condos for rent

1bedroom units - 0 available
2bedroom units - 2 available
3bedroom units - 0 available

1 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


If you are thinking about buying in the next 3 months we would be honored to work with you ! Shoot us an email

Keep checking back each Friday for your updated market report for Fairfax Ridge










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




Friday, August 28, 2009

Fairfax Ridge Condo Weekly Sales Report 8/15/09 - 8/28/09

MyFairfaxRidgeCondo.com

Relevant Real Estate Information for the Fairfax Ridge Condo Community

INTRODUCTION

Want to know how crazy this market is right now.... I just had a buyer make an offer on a condo, sight unseen! and he is planning on living in the unit. Things are going very fast !

There are only 4 active condos at Fairfax Ridge. Lets look closer. 1 is strictly an investment condo. It has a renter and is a short sale. So the investor has to keep the renter. Dont know how the renter gets to honor there lease on this one but whatever, it is what it is.

Then there is another 1 bedroom and 2 bedroom that are both short sales. They will take a while to close. Short sales are taking 3-4 months here at Fairfax Ridge. They all vary but that is the estimate time right now. I am starting to keep track of this number also.

The last is a 2bedroom bank owned unit at $230k and has multiple offers and will be gone by the end of the day. On the market for less than a week.


As of today (August 28, 2009 11 AM), there is 4 active listing in the MLS and 14 Condos are currently under contract and 5 Condos have sold in the last 60 days.

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

2 - 1 bedroom units
2 - 2 bedroom units
0 - 3 bedroom unit

NEW LISTINGS

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


UNDER CONTRACT

According to MLS, there are 14 condos under contract , 2 bank owned and 12 short sale.

11350 Aristotle Dr #7-104 - 14 (DOMP) 1bd/1ba
11352 Aristotle Dr #7-106 - 45(DOMP) 1bd/1ba
3851 Aristotle Ct #1-305 - 182 (DOMP) 1bd/1ba
11321 Aristotle Dr #3-302 -4 (DOMP) 1bd/1ba
11351 Aristotle Dr #8-402 - 5 (DOMP) 1bd/1ba
11329 Aristotle Dr #5-211 -256 (DOMP)2bd/1ba
11377 Aristotle Dr #10-103 - 0 (DOMP) 2bd/2ba
11345 Aristotle Dr #6-313 - 2 (DOMP) 2bd / 2ba
11329 Aristotle Dr #5-213 - 12 (DOMP) 2bd/2ba
11317 Aristotle Dr #3-310 - 55 (DOMP) 2bd/2ba
3851 Aristotle Ct #1-109 - 4 (DOMP) 2bd/2ba
11345 Aristotle Dr #6-410 - 26 (DOMP) 2bd/2ba
3851 Aristotle Ct #1-407 -0 (DOMP) 2bd/2ba
11373 Aristotle Dr #309 - 3 (DOMP) 3bd/2ba

I will have the final numbers for these once they close


SOLD

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

11355 Aristotle Dr #8-113 - 18 (DOMP) 2bd/2ba Bank Owned

Asking Price - $259,900
Sales Price - $240,000
Seller Subsidy - $0

11326 Aristotle Dr #4-304 - 144(DOMP) 1bd/1ba Short Sale (took 4 months to close)

Asking Price - $164,900
Sales Price - $165,000
Seller Subsidy - $3,917

11320 Aristotle Dr #4-308 -24 (DOMP) 1bd/1ba Short Sale (took 3 months to close)

Asking Price - $179,500
Sales Price - $165,000
Seller Subsidy - $2,500

11317 Aristotle Dr #3-313 -26 (DOMP) 2bd/2ba Short Sale (took 3 months to close)

Asking Price - $245,000
Sales Price - $225,000
Seller Subsidy - $5,249.98

11350 Aristotle Dr #7-301 - 36 (DOMP) 2bd/2ba Short Sale

Asking Price - $239,000
Sales Price - $228,000
Seller Subsidy - $5,000

11347 Aristotle Dr #6-307 -14 (DOMP) 2bd/2ba Short Sale

Asking Price-$230,000
Sales Price-$232,000
Seller Subsidy-$6000

11350 Aristotle Dr #7-101 - 17 (DOMP) 2bd/2ba - Bank Owned

Asking Price - $229,900
Sales Price - $223,000
Seller Subsidy - 0

11350 Aristotle Dr #7-202 - 227 (DOMP) 1bd/1ba - Short Sale

Asking Price - $170,000
Sales Price - $160,000
Seller Subsidy - $4,717

11395 ARISTOTLE DR #11-408 - 112(DOMP) 1bd/1ba -Short Sale

Asking Price - $179,900
Sales Price - $165,900
Seller Subsidy - $4,977


Click below for all Fairfax Ridge Condo sales for 2009
Sales More Than 30 Days ago




22033

These stats are for all real estate in the 22033 zip code for the Month of May









Fairfax Ridge Condos Sold for 2007 vs. 2008



Fairfax Condos Sold for 2007 vs. 2008




EXPIRED or WITHDRAWN There have been 1 listings that have been taken off the market in the last 30 days.


RENTALS

There are currently 13 condos for rent

1bedroom units - 4 available
2bedroom units - 7 available
3bedroom units - 2 available

2 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

If you are thinking about buying in the next 3 months we would be honored to work with you ! Shoot us an email

Keep checking back each Friday for your updated market report for Fairfax Ridge







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











Friday, August 14, 2009

Fairfax Ridge Condo Weekly Sales Report 8/7/09 - 8/14/09

MyFairfaxRidgeCondo.com

Relevant Real Estate Information for the Fairfax Ridge Condo Community

INTRODUCTION

Condos are flying off the market here at Fairfax Ridge. Most of these are short sales though, so it will be a while until these numbers are updated because it can take 2-3 months for short sales to settle.

As of today (August 14, 2009 11 AM), there is 1 active listing in the MLS and 12 Condos are currently under contract and 5 Condos have sold in the last 60 days.

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

1 - 1 bedroom units ( 1 short sales )
0 -2 bedroom units (0 short sales)
0 - 3 bedroom unit (0 Regular sale)

NEW LISTINGS

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


UNDER CONTRACT

According to MLS, there are 12 condos under contract , 2 bank owned and 10 short sale.

11350 Aristotle Dr #7-104 - 14 (DOMP) 1bd/1ba
11352 Aristotle Dr #7-106 - 45(DOMP) 1bd/1ba
3851 Aristotle Ct #1-305 - 182 (DOMP) 1bd/1ba
11321 Aristotle Dr #3-302 -4 (DOMP) 1bd/1ba
11352 Aristotle Dr #7-408 - 6 (DOMP) 1bd/1ba
11351 Aristotle Dr #8-402 - 5 (DOMP) 1bd/1ba
11329 Aristotle Dr #5-211 -256 (DOMP)2bd/1ba
11377 Aristotle Dr #10-103 - 0 (DOMP) 2bd/2ba
11329 Aristotle Dr #5-213 - 12 (DOMP) 2bd/2ba
11317 Aristotle Dr #3-310 - 55 (DOMP) 2bd/2ba
3851 Aristotle Ct #1-109 - 4 (DOMP) 2bd/2ba
11345 Aristotle Dr #6-410 - 26 (DOMP) 2bd/2ba

I will have the final numbers for these once they close


SOLD

According to MLS, 5 condos sold in the last 60 days .



11326 Aristotle Dr #4-304 - 144(DOMP) 1bd/1ba Short Sale


Asking Price - $164,900
Sales Price - $165,000
Seller Subsidy - $3,917


11320 Aristotle Dr #4-308 -24 (DOMP) 1bd/1ba Short Sale


Asking Price - $179,500
Sales Price - $165,000
Seller Subsidy - $2,500


11317 Aristotle Dr #3-313 -26 (DOMP) 2bd/2ba Short Sale


Asking Price - $245,000
Sales Price - $225,000
Seller Subsidy - $5,249.98


11350 Aristotle Dr #7-301 - 36 (DOMP) 2bd/2ba Short Sale


Asking Price - $239,000
Sales Price - $228,000
Seller Subsidy - $5,000


11355 Aristotle Dr #8-113 - 18 (DOMP) 2bd/2ba Bank Owned


Asking Price - $259,900
Sales Price - $240,000
Seller Subsidy - $0


11347 Aristotle Dr #6-307 -14 (DOMP) 2bd/2ba Short Sale

Asking Price-$230,000
Sales Price-$232,000
Seller Subsidy-$6000

11350 Aristotle Dr #7-101 - 17 (DOMP) 2bd/2ba - Bank Owned

Asking Price - $229,900
Sales Price - $223,000
Seller Subsidy - 0

11350 Aristotle Dr #7-202 - 227 (DOMP) 1bd/1ba - Short Sale

Asking Price - $170,000
Sales Price - $160,000
Seller Subsidy - $4,717

11395 ARISTOTLE DR #11-408 - 112(DOMP) 1bd/1ba -Short Sale

Asking Price - $179,900
Sales Price - $165,900
Seller Subsidy - $4,977



Click below for all Fairfax Ridge Condo sales for 2009
Sales More Than 30 Days ago



22033

These stats are for all real estate in the 22033 zip code for the Month of May








Fairfax Ridge Condos Sold for 2007 vs. 2008



Fairfax Condos Sold for 2007 vs. 2008




EXPIRED or WITHDRAWN There have been 1 listings that have been taken off the market in the last 30 days.


RENTALS

There are currently 1 condos for rent

1bedroom units - o available
2bedroom units - 1 available
3bedroom units - 0 available

1 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

If you are thinking about buying in the next 3 months we would be honored to work with you ! Shoot us an email

Keep checking back each Friday for your updated market report for Fairfax Ridge






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














Friday, August 7, 2009

1 bedroom with loft available

EMAIL ME ASAP if you are interested in a 1bedroom with loft here at Fairfax Ridge.

It will be gone by Monday. Its Bank Owned at an excellent price.

Wednesday, July 29, 2009

Home Sales Surge, Raising Hope That Sector Is Recovering

Home Sales Surge, Raising Hope That Sector Is Recovering
By Dina ElBoghdady and Renae Merle
Washington Post Staff Writers
Tuesday, July 28, 2009

More homes sold more quickly in the Washington area during the second quarter than in the period a year ago, while home prices showed some signs of stabilizing, according to a real estate industry! study scheduled for release Tuesday.

The local trend jibes with some national statistics released by the federal government Monday, which show that sales of newly built homes surged 11 percent in June from the previous month, the largest monthly gain in nine years. Sales of previously owned homes also jumped 3.6 percent in June, the third-straight month of increase, according to industry data released Thursday.

The pickup in sales regionally and nationally is most likely driven by buyers rushing to take advantage of record-low interest rates, a newly enacted temporary tax credit for first-time home buyers, and the rock-bottom prices in areas hit hard by foreclosures.

The data have sparked hopes that the housing sector may soon stop dragging down the U.S. economy. But even as sales volume soars, the housing market is nowhere near healthy and home prices continue to fall nationally and locally, analysts said.

"This is a really lousy market,"! said Patrick Newport, an economist with IHS Global Insight. "The sales are growing in part because prices are dropping, but the sales are still near all-time lows."

In the Washington area, quarterly prices remained lower than they were during the comparable period last year, according to a study scheduled for release Tuesday by research firm Delta Associates and the local Multiple Listing Service.

The average home price dropped 8.7 percent in the region's "core" area -- the District, Arlington and Alexandria. It fell 14.8 percent in the close-in suburbs of Fairfax, Montgomery and Prince George's counties, and Falls Church and Fairfax cities. The outer suburbs -- Prince William, Loudoun and Frederick counties -- experienced the steepest price drop, 15.7 percent, because they have been hit hardest by aggressively priced foreclosures.

The report also concluded that there are some signs of strength in area prices. Last year, prices were flat from the first quarter to the second quarter, said Ann Marchand Thom! pson, a senior associate at Delta Associates. This year, prices jumped 12 percent from quarter to quarter.

"So last year, we saw lots of volume but prices were stagnant," she said. "This year, there's increased volume and increased prices. This shows signs of a recovery."

Also, second-quarter prices in most local jurisdictions rose from the first quarter to the second quarter, another bright spot, according to the report. The area's average price was $382,515 in the quarter, up 12.1 percent from the previous quarter but down 13.2 percent from the corresponding period last year.

The local report is based on data from the Metropolitan Regional Information Systems, the local listing service where real estate agents market homes for sale. It does not include yet-to-be listed foreclosures, homes for sale by owners and other types of homes for sale. But it offers a reliable representation of market averages, the study's authors said.

Th! e national statistics are based on a monthly report from the Commerce Department, which showed that median new home prices fell about 12 percent in June to $206,200 compared with June 2008. The same report showed that sales of new homes rose 11 percent in June from the previous month to an annualized rate of 384,000. That was far better than the 2 percent increase analysts were expecting, but sales were still down 21.3 percent compared with the corresponding period last year.

But new homes are languishing on the market. The median time that a new home sits on the market before selling rose to an all-time high of 11.8 months nationally, said Newport, the IHS Global Insight Analyst.

Locally, homes sold on average in 93 days during the quarter, down from 110 days in the previous quarter and 103 days a year ago, the study says. Homes are selling the fastest in the District, Arlington and Alexandria. They are selling the slowest in the inner suburbs of Fairfax, Montgomery and Prince George's counties, and Falls Church and Fairfax cities! .

Meanwhile, the volume of sales in the region increased 7 percent from a year ago, jumping most sharply in foreclosure-plagued areas in the outlying suburbs

The rise in sales is helping clear out the excess supply of homes in the area, another key to helping turn around the housing market.







Tuesday, June 30, 2009

Key to Earning Energy-Efficiency Tax Credits

Key to Earning Energy-Efficiency Tax Credits


Homeowners now can claim up to $1,500 in expanded energy-efficiency tax credits for remodeling their principal residence to reduce energy consumption. Available until the end of 2010, the revamped Existing Home Retrofit (25C) Tax Credit helps consumers save two ways: on their costs and on their utility bills.

"Remodelers can help find the best methods of saving energy in your home with an assessment, like a home energy audit," explained Greg Miedema, CGR, CGB, CAPS, CGP, a remodeler from Tucson, Ariz. "Tightening the house to reduce air leakage by adding insulation, fixing ducts, and installing a more efficient heating and air conditioning system can help save on energy bills today while also reducing next year's tax bill."

The expanded federal tax credit refunds 30 percent of the product replacement cost up to a total of $1,500. It can be used not only for HVAC systems, insulation and water heaters but also for windows and doors and insulation as long as the new products meet IRS qualifications. In some cases, installation costs may also be used to claim the tax credit.

Home energy audits can cost as little as $500, which remodelers say is an expense that pays for itself - and more - with savings from efficiency upgrades. And homeowners may be able to combine federal tax credits with local and regional incentives to maximize savings.

Here's one example: Insulation improvements may be one of the easiest and most affordable ways to save on energy costs. Upgrading inefficient insulation (from R-19 to R-38) in the attic of a two-story, 2,000-square-foot Chicago home might cost around $1,000, but the tax credit brings that down to $700. Add that to Chicago's MidAmerican Energy residential energy efficiency rebate program, which can return up to $600 spent on insulation or other energy-efficiency upgrades, and the cost drops to $100 – meaning a two-year payback period for the $51 estimated annual utility savings for this project.

Inspecting the ductwork, caulking and heating and cooling systems for possible upgrades or enhancements also help to provide additional energy savings, Miedema said.

Homeowners also can use the tax credit for heating and cooling components. For example, upgrading a standard 10-year-old air conditioner to today's federal minimum 13-SEER (Seasonal Energy Efficiency Ratio) model may cost about $5,500 in Phoenix, but does not qualify for the tax credit. Spending as little as $2,000 more for a higher-efficiency air-conditioner (such as 16-SEER) earns the homeowner the $1,500 energy-efficiency federal tax credit. Plus, the local power company provides a rebate starting at $425. With the tax credit and utility rebate, the cost difference can be paid back in a couple of years, while the homeowner may enjoy utility bills savings for years to come.

With the credit, tankless water heaters are comparable in cost to traditional gas water heaters, but last as long as 20 years and are 30 percent more efficient, according to Eugene Lamana, residential business manager at Rinnai, a manufacturer of tankless water heaters and other gas appliances based in Peachtree City, Ga. Savings depend on local energy prices, but home owners may also save with less frequent replacements. When the credit is included, homeowners can save $100 per year on their water heating expenses, he added.

"These are just some examples of how the energy-efficiency tax credit helps consumers save money in making home improvements and cutting down utility bills," said Miedema. "Homeowners should contact a professional remodeler near them for advice on installing tax credit-qualified improvements in their home."

Homeowners can use an energy-savings simulation from the NAHB Research Center at http://energysim.toolbase.org to determine likely costs of upgrades and savings. Information on rebates from utility companies and other state and local government incentives is available at www.dsireusa.org.

In addition to expanding the 25C tax credit, the Wind, Solar, Geothermal and Fuel Cell (25D) Tax Credit for renewable energy products now provides larger incentives for installing geothermal heat pumps, solar panels, solar water heaters, small wind energy systems and fuel cells. Although the upfront costs are high for these products, the tax credit is 30 percent and there is no cap on their cost through 2016. Taxpayers can claim the credits on IRS Form 5695.


Written by Realty Times Staff



Friday, June 19, 2009

2009-2011 Fairfax Ridge Condo Sales

11371 Aristotle Dr #9-210 - 2bd/2ba (34 DOMP) Short Sale .
Asking Price -$225,000- Sales Price -$225,000- Seller Subsidy - $00

11353 Aristotle Ct #8-307 - 2bd/2ba (42 DOMP) Short Sale .
Asking Price -$225,000- Sales Price -$225,000- Seller Subsidy - $00

11347 Aristotle Dr #6-309 - 3bd/2ba (156 DOMP) Regular Sale .
Asking Price -$275,000 - Sales Price -$262,500 - Seller Subsidy - $00

3851 Aristotle Ct #1-407 - 2bd/2ba (34 DOMP) Short Sale
Asking Price - $229,900 - Sales Price - $235,000 - Seller Subsidy - $00

11347 Aristotle Dr #6-409 - 3bd/2ba (153 DOMP) Short Sale .
Asking Price -$255,000 - Sales Price -$261,000 - Seller Subsidy - $6,000

3851 Aristotle Ct #1-316 - 1bd/1ba (52 DOMP) Short Sale .
Asking Price -$170,000- Sales Price -$160,000- Seller Subsidy - $00

11329 Aristotle Ct #5-211 - 2bd/1ba (0 DOMP) Short Sale
Asking Price -$195,000 - Sales Price -$195,000 - Seller Subsidy - $00

3851 Aristotle Ct #1-417 - 2bd/2ba (6 DOMP) Short Sale .
Asking Price - $249,900 - Sales Price - $249,900 - Seller Subsidy - $00

11355 Aristotle Dr #308 - 2bd/2ba (41 DOMP) Regular Sale
Asking Price -$219,900 - Sales Price -$225,000 - Seller Subsidy - $5,726.25

11352 Aristotle Dr #7-205 - 2bd/2ba (20 DOMP) Regular Sale
Asking Price -$235,000 - Sales Price -$233,000 - Seller Subsidy - $6,000

11327 Aristotle Dr #5-307 - 2bd/2ba (39 DOMP) Short Sale .
Asking Price -$229,900 - Sales Price -$230,000 - Seller Subsidy - $6,897

11399 Aristotle Dr #302 - 1bd/1ba (11 DOMP) Regular Sale .
Asking Price -$171,350 - Sales Price -$167,000 - Seller Subsidy - $5,010

11352 Aristotle Dr #7-308 - 1bd/1ba (92 DOMP) Short Sale
Asking Price -$175,000 - Sales Price -$175,000 - Seller Subsidy - $00

11317 Aristotle Dr #210 - 2bd/2ba - (9 DOMP) Regular Sale
Asking Price -$235,000 - Sales Price -$230,000 - Seller Subsidy - $5,000

11345 Aristotle Dr #6-410 - 2bd/2ba (46 DOMP) Short Sale
Asking Price -$245,000 - Sales Price -$237,500 - Seller Subsidy - $00

11389 Aristotle Dr #11-21 - 2bd/2ba (18 DOMP) Short Sale - (Took 4 months to close) .
Asking Price -$256,500 - Sales Price -$256,500 - Seller Subsidy - $00

11377 Aristotle Dr #10-103 - 2bd/2ba (5 DOMP) Short Sale - (Took 3 months to close) .
Asking Price -$235,000 - Sales Price -$241,500 - Seller Subsidy - $6,500

11320 Aristotle Dr #4-406 - 1bd/1ba (81 DOMP) Short Sale -(Took 9 months to close)
Asking Price -$175,000 - Sales Price -$180,000 - Seller Subsidy - $2,000

11329 Aristotle Dr #5-411 - 2bd/1ba (7 DOMP) Regular Sale .
Asking Price -$189,900 - Sales Price -$190,000 - Seller Subsidy - $6,650

3851 Aristotle Ct #1-214 - 1bd/1ba (6 DOMP) Regular Sale
Asking Price -$165,000 - Sales Price -$164,500 - Seller Subsidy - $00

11375 Aristotle Dr #9-303 - 2bd/2ba (7 DOMP) Short Sale - (Took 5 months to close)
Asking Price -$249,900 - Sales Price -$248,000 - Seller Subsidy - $2,480

11321 Aristotle Dr #3-302 - 1bd/1ba (4 DOMP) Short Sale - (Took 1 year to close)
Asking Price -$175,000 - Sales Price -$160,000 - Seller Subsidy - $3,000

11320 Aristotle Dr #4-306 - 1bd/1ba (34 DOMP) Regular Sale
Asking Price -$169,900 - Sales Price -$169,000 - Seller Subsidy - $4,000

11395 Aristotle Dr #210 - 1bd/1ba (12 DOMP) Short Sale - (Took 6 months to close)
Asking Price -$159,900 - Sales Price -$163,000 - Seller Subsidy - $4,800

2010 Sales

11305 Aristotle Dr #2-104 - 1bd/1ba (39 DOMP) Regular Sale
Asking Price -$163,800 - Sales Price -$166,000 - Seller Subsidy - $3,200

11352 Aristotle Dr #7-106 - 1bd/1ba (56 DOMP) Regular Sale
Asking Price -$166,000 - Sales Price -$231,000 - Seller Subsidy - $4,500

11352 Aristotle Dr #7-305 - 2bd/2ba (25 DOMP) Regular Sale
Asking Price - $232,600 - Sales Price $240,000 - Seller Subsidy - $4,920

11397 Aristotle Dr #11-209 - 3bd/3ba (6 DOMP) Regular Sale
Asking Price -$299,990 - Sales Price -$283,000 - Seller Subsidy - $00

3851 Aristotle Ct #1-203 - 2bd/2ba (8 DOMP) Short Sale
Asking Price -$230,000 - Sales Price -$231,000 - Seller Subsidy - $00

4673 Carisbrooke Ln - 3bd/4ba (11 DOMP) - Regular Sale
Asking Price -$395,000 - Sales Price -$427,000 - Seller Subsidy - $8,667.16

4659 Carisbrooke Ln - 3bd/4ba (64 DOMP) - Regular Sale
Asking Price -$469,900 - Sales Price -$455,000 - Seller Subsidy - $9,000

11329 Aristotle Dr #5-213 - 2bd/2ba (12 DOMP)  - Short Sale (Took 7 months to close)
Asking Price -$229,000 - Sales Price -$210,000 - Seller Subsidy  - 0

11329 Aristotle Dr#5-308 - 2bd/2a (20 DOMP)  - Short Sale (Took 3 months to close)
Asking Price - $229,000 - Sales Price - $230,000 - Seller Subsidy - $3,450

11345 Aristotle Dr #6-313 - 20(DOMP) 2bd/2ba - Regular Sale
Asking Price - $245,000 - Sales Price - $240,000 - Seller Subsidy - $0

11351 Aristotle Dr #8-402 - 6 (DOMP) 1bd/1ba - Short Sale (Took 6 months to close)
Asking Price - $169,000 - Sales Price - $180,000 - Seller Subsidy - $4,417

3851 Aristotle Ct #1-305 - 1bd/1ba (181 DOMP) - Short Sale (Took 7 months to close)
Asking Price - $165,000 - Sales Price - $165,000 - Seller Subsidy - $3,000

11373 Aristotle Dr #309 - 3bd/2ba (6 DOMP) - Bank Owned

Asking Price - $254,900 - Sales Price - $256,000 - Seller Subsidy -$8,960

11345 Aristotle Dr#6-308 -2bd/2ba (14 DOMP) - Bank Owned
Asking Price -$224,700 - Sales Price -$238,000 - Seller Subsidy -$0





2009 Sales-

-11355 Aristotle Dr #8-113 - 18 (DOMP) 2bd/2ba Bank Owned
Asking Price - $259,900 /Sales Price - $240,000 /Seller Subsidy - $0

-11326 Aristotle Dr #4-304 - 144(DOMP) 1bd/1ba Short Sale (took 4 months to close)
Asking Price - $164,900 /Sales Price - $165,000 /Seller Subsidy - $3,917

-11320 Aristotle Dr #4-308 -24 (DOMP) 1bd/1ba Short Sale (took 3 months to close)
Asking Price - $179,500 /Sales Price - $165,000 /Seller Subsidy - $2,500

-11317 Aristotle Dr #3-313 -26 (DOMP) 2bd/2ba Short Sale (took 3 months to close)
Asking Price - $245,000 /Sales Price - $225,000 /Seller Subsidy - $5,249.98

-11350 Aristotle Dr #7-301 - 36 (DOMP) 2bd/2ba Short Sale
Asking Price - $239,000 /Sales Price - $228,000 /Seller Subsidy - $5,000

-11347 Aristotle Dr #6-307 -14 (DOMP) 2bd/2ba Short Sale
Asking Price-$230,000 /Sales Price-$232,000 Seller Subsidy-$6000

-11350 Aristotle Dr #7-101 - 17 (DOMP) 2bd/2ba - Bank Owned
Asking Price - $229,900 /Sales Price - $223,000 /Seller Subsidy - 0

-11350 Aristotle Dr #7-202 - 227 (DOMP) 1bd/1ba - Short Sale
Asking Price - $170,000 /Sales Price - $160,000 /Seller Subsidy - $4,717

-11395 ARISTOTLE DR #11-408 - 112(DOMP) 1bd/1ba -Short Sale
Asking Price - $179,900 /Sales Price - $165,900 /Seller Subsidy - $4,977

-11361 Aristotle Dr #312 -42(DOMP) 2bd/ 2ba - (Bank Owned)
Asking Price - $299,900 / Sales Price -$267,101/ Seller Subsidy -$7,000

-11375 Aristotle Dr #9-404 -151 (DOMP) 1bd/1ba - (Short Sale)
Asking Price - $199,900 / Sales Price - $171,000 / Seller Subsidy - 0

-11321 Aristotle Dr #3-301 - 83 (DOMP) 2bd/2ba - (Short Sale)
Asking Price - $289,000 /Sales Price - $216,000 /Seller Subsidy - $6,000

-3851 Aristotle Ct #1-309 - 94 (DOMP) 2bd/2ba - (Short Sale)
Asking Price - $248,000 / Sales Price -$230,000 /Seller Subsidy - $6,824

-3851 Aristotle Ct #1-304 -280(DOMP) 2bd/2ba (Bank Owned)
Asking Price - $285,000 / Sales Price - $250,000 / Seller Subsidy - 0

-11353 Aristotle Dr #309 - 65 (DOMP) 3bd / 2ba (SHORT SALE)
Asking Price -$260,000 / Sales Price - $262,600 / Seller Subsidy - 0

-11326 Aristotle Dr #4-301 - 45(DOMP) 2bd/2ba (Short Sale)
Asking Price - $329,000 / Sales Price - $220,000 /Seller Subsidy - 0

-11397 ARISTOTLE DR #11-207 - 83 (DOMP) 2bd/2ba (Short Sale)
Asking Price - $239,000 / Sales Price - $239,000 / Seller Subsidy - 0

-11326 Aristotle Dr #4-401 - 11 (DOMP) 2bd/2ba (Bank Owned)
Asking Price - $240,000 / Sales Price - $255,000 / Seller Subsidy - $5,000

-11371 Aristotle Dr #9-113 - 19 (DOMP) 2bd/2ba (Bank Owned)
Asking Price - $235,000 / Sales Price - $235,000 / Seller Subsidy - $7,050

-11305 Aristotle Dr #2-204 - 79 (DOMP) 1bd/1ba (Bank Owned)
Asking Price - $194,500 / Sales Price - $167,000 / Seller Subsidy - $0

-3851 Aristotle Ct #1-418 - 102 (DOMP) 1bd/1ba (Bank Owned)
Asking Price - $174,900 / Sales Price - $174,900 / Seller Subsidy - $5,247

-11347 Aristotle Dr #6-106 - 190 (DOMP) 2bd/2ba (Bank Owned)
Asking Price - $239,000 / Sales Price - $227,000 / Seller Subsidy - $0

-11339 Aristotle Dr #6-215 - 66 (DOMP) 2bd/2ba (Bank Owned)
Asking Price - $279,900 / Sales Price - $250,000 / Seller Subsidy - $0

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

-11371 ARISTOTLE DR #9-213, FAIRFAX, VA 22030 - 61 (DOMP) 1 level, 2 bed/2ba
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 bd/2ba
List Price - 244,900 / Close Price - 260,000 / Seller Subsidy - 0

-11397 ARISTOTLE DR #11-105, FAIRFAX, VA 22030 - 36 (DOMP) 2 level, 2bed/2ba
List Price - 267,800 / Close Price - 240,000 / Seller Subsidy - 7,590




Fairfax Ridge Condo Weekly Report 06/13/09- 06/19/09

MyFairfaxRidgeCondo.com

Relevant Real Estate Information for the Fairfax Ridge Condo Community

INTRODUCTION

Still alot of short sales happening here at Fairfax Ridge. We have a few numbers to report below for the community. 4 sales in the last month. Alot of these 16 condos under contract will take some time. We probably wont have numbers for most of them until the end of August.

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 listings in the MLS and 16 Condos are currently under contract and 4 Condos have sold in the last 30 days.

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

1 - 1 bedroom units ( 1 short sales )
0 -2 bedroom units (1 short sales)
1 - 3 bedroom unit (1 Regular sale)

NEW LISTINGS

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


UNDER CONTRACT

According to MLS, there are 15 condos under contract , 3 bank owned and 12 short sale.

11350 Aristotle Dr #7-104 - 14 (DOMP) 1bd/1ba
11352 Aristotle Dr #7-106 - 45(DOMP) 1bd/1ba
11326 Aristotle Dr #4-304 - 144(DOMP) 1bd/1ba
3851 Aristotle Ct #1-305 - 182 (DOMP) 1bd/1ba
11351 Aristotle Dr #8-402 - 5 (DOMP) 1bd/1ba
11320 Aristotle Dr #4-308 -24 (DOMP) 1bd/1ba
11321 Aristotle Dr #3-302 -4 (DOMP) 1bd/1ba
11352 Aristotle Dr #7-408 - 6 (DOMP) 1bd/1ba
11329 Aristotle Dr #5-211 -256 (DOMP)2bd/1ba
11329 Aristotle Dr #5-213 - 12 (DOMP) 2bd/2ba
11317 Aristotle Dr #3-313 -26 (DOMP) 2bd/2ba
11350 Aristotle Dr #7-301 - 36 (DOMP) 2bd/2ba
11373 Aristotle Dr #9-309 -73 (DOMP) 3bd/2ba
11345 Aristotle Dr #6-410 - 26 (DOMP) 2bd/2ba
11395 Aristotle Dr #11-311 - 501 (DOMP) 2bd/2ba

I will have the final numbers for these once they close


SOLD

According to MLS, 4 condos sold in the last 30 days .

11347 Aristotle Dr #6-307 -14 (DOMP) 2bd/2ba Short Sale

Asking Price-$230,000
Sales Price-$232,000
Seller Subsidy-$6000

11350 Aristotle Dr #7-101 - 17 (DOMP) 2bd/2ba - Bank Owned

Asking Price - $229,900
Sales Price - $223,000
Seller Subsidy - 0

11350 Aristotle Dr #7-202 - 227 (DOMP) 1bd/1ba - Short Sale

Asking Price - $170,000
Sales Price - $160,000
Seller Subsidy - $4,717

11395 ARISTOTLE DR #11-408 - 112(DOMP) 1bd/1ba -Short Sale

Asking Price - $179,900
Sales Price - $165,900
Seller Subsidy - $4,977


Click below for all Fairfax Ridge Condo sales for 2009
Sales More Than 30 Days ago


22033

These stats are for all real estate in the 22033 zip code for the Month of May






Fairfax Ridge Condos Sold for 2007 vs. 2008



Fairfax Condos Sold for 2007 vs. 2008




EXPIRED or WITHDRAWN There have been 1 listings that have been taken off the market in the last 30 days.


RENTALS

There are currently 9 condos for rent

1bedroom units - 7 available
2bedroom units - 2 available
3bedroom units - 0 available

6 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



If you are thinking about buying in the next 3 months we would be honored to work with you ! Shoot us an email

Keep checking back each Friday for your updated market report for Fairfax Ridge





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











Wednesday, June 17, 2009

Buy A Home With No Down !

We have an exciting opportunity to announce for first time home buyers. We have 2 lenders that provide these programs.

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.

Email me today to get more information and start looking for homes!

Friday, June 12, 2009

Fairfax Ridge Condo Weekly Report 6/06/09-6/12/09

MyFairfaxRidgeCondo.com

Relevant Real Estate Information for the Fairfax Ridge Condo Community

INTRODUCTION

The reason we have so many Fairfax Ridge condos under contract and not closing is because a good majority of them are short sales. These can take over 2 months to close, once your contract is accepted.

We have had 3 sales in the last month and the numbers are below

As of today (June 12, 2009 11 AM), there are 4 active listings in the MLS and 14 Condos are currently under contract and 3 Condos have sold in the last 30 days.

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

1 - 1 bedroom units ( 1 short sales )
3 -2 bedroom units (2 short sales)
1 - 3 bedroom unit (short sale)

NEW LISTINGS

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


UNDER CONTRACT

According to MLS, there are 14 condos under contract , 3 bank owned and 11 short sale.

11350 Aristotle Dr #7-104 - 14 (DOMP) 1bd/1ba
11352 Aristotle Dr #7-106 - 45(DOMP) 1bd/1ba
11326 Aristotle Dr #4-304 - 144(DOMP) 1bd/1ba
3851 Aristotle Ct #1-305 - 182 (DOMP) 1bd/1ba
11351 Aristotle Dr #8-402 - 5 (DOMP) 1bd/1ba
11320 Aristotle Dr #4-308 -24 (DOMP) 1bd/1ba
11321 Aristotle Dr #3-302 -4 (DOMP) 1bd/1ba
11329 Aristotle Dr #5-211 -256 (DOMP)2bd/1ba
11347 Aristotle Dr #6-307 -14 (DOMP) 2bd/2ba
11329 Aristotle Dr #5-213 - 12 (DOMP) 2bd/2ba
11317 Aristotle Dr #3-313 -26 (DOMP) 2bd/2ba
11350 Aristotle Dr #7-301 - 36 (DOMP) 2bd/2ba
11373 Aristotle Dr #9-309 -73 (DOMP) 3bd/2ba
11345 Aristotle Dr #6-410 - 26 (DOMP) 2bd/2ba


I will have the final numbers for these once they close


SOLD

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

11350 Aristotle Dr #7-101 - 7 (DOMP) 2bd/2ba - Bank Owned

Asking Price - $229,900
Sales Price - $223,000
Seller Subsidy - 0

11350 Aristotle Dr #7-202 - 227 (DOMP) 1bd/1ba - Short Sale

Asking Price - $170,000
Sales Price - $160,000
Seller Subsidy - $4,717

11395 ARISTOTLE DR #11-408 - 112(DOMP) 1bd/1ba -Short Sale

Asking Price - $179,900
Sales Price - $165,900
Seller Subsidy - $4,977

These sold more than 30 days ago -

-11361 Aristotle Dr #312 -42(DOMP) 2bd/ 2ba - (Bank Owned)
Asking Price - $299,900 / Sales Price -$267,101/ Seller Subsidy -$7,000

-11375 Aristotle Dr #9-404 -151 (DOMP) 1bd/1ba - (Short Sale)
Asking Price - $199,900 / Sales Price - $171,000 / Seller Subsidy - 0

-11321 Aristotle Dr #3-301 - 83 (DOMP) 2bd/2ba - (Short Sale)
Asking Price - $289,000 /Sales Price - $216,000 /Seller Subsidy - $6,000

-3851 Aristotle Ct #1-309 - 94 (DOMP) 2bd/2ba - (Short Sale)
Asking Price - $248,000 / Sales Price -$230,000 /Seller Subsidy - $6,824

-3851 Aristotle Ct #1-304 -280(DOMP) 2bd/2ba (Bank Owned)
Asking Price - $285,000 / Sales Price - $250,000 / Seller Subsidy - 0

-11353 Aristotle Dr #309 - 65 (DOMP) 3bd / 2ba (SHORT SALE)
Asking Price -$260,000 / Sales Price - $262,600 / Seller Subsidy - 0

-11326 Aristotle Dr #4-301 - 45(DOMP) 2bd/2ba (Short Sale)
Asking Price - $329,000 / Sales Price - $220,000 /Seller Subsidy - 0

-11397 ARISTOTLE DR #11-207 - 83 (DOMP) 2bd/2ba (Short Sale)
Asking Price - $239,000 / Sales Price - $239,000 / Seller Subsidy - 0

-11326 Aristotle Dr #4-401 - 11 (DOMP) 2bd/2ba (Bank Owned)
Asking Price - $240,000 / Sales Price - $255,000 / Seller Subsidy - $5,000

-11371 Aristotle Dr #9-113 - 19 (DOMP) 2bd/2ba (Bank Owned)
Asking Price - $235,000 / Sales Price - $235,000 / Seller Subsidy - $7,050

-11305 Aristotle Dr #2-204 - 79 (DOMP) 1bd/1ba (Bank Owned)
Asking Price - $194,500 / Sales Price - $167,000 / Seller Subsidy - $0

-3851 Aristotle Ct #1-418 - 102 (DOMP) 1bd/1ba (Bank Owned)
Asking Price - $174,900 / Sales Price - $174,900 / Seller Subsidy - $5,247

-11347 Aristotle Dr #6-106 - 190 (DOMP) 2bd/2ba (Bank Owned)
Asking Price - $239,000 / Sales Price - $227,000 / Seller Subsidy - $0

-11339 Aristotle Dr #6-215 - 66 (DOMP) 2bd/2ba (Bank Owned)
Asking Price - $279,900 / Sales Price - $250,000 / Seller Subsidy - $0

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

-11371 ARISTOTLE DR #9-213, FAIRFAX, VA 22030 - 61 (DOMP) 1 level, 2 bed/2ba
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 bd/2ba
List Price - 244,900 / Close Price - 260,000 / Seller Subsidy - 0

-11397 ARISTOTLE DR #11-105, FAIRFAX, VA 22030 - 36 (DOMP) 2 level, 2bed/2ba
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 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 Ridge Condos Sold for 2007 vs. 2008



Fairfax Condos Sold for 2007 vs. 2008




EXPIRED or WITHDRAWN There have been 3 listings that have been taken off the market in the last 30 days.


RENTALS

There are currently 11 condos for rent

1bedroom units - 8 available
2bedroom units - 3 available
3bedroom units - 0 available

7 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

If you are thinking about buying in the next 3 months we would be honored to work with you ! Shoot us an email

Keep checking back each Friday for your updated market report for Fairfax Ridge



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









Monday, June 1, 2009

1 bedroom condo

Anybody want to buy a 1 bedroom condo here at Fairfax Ridge for $160k with 5k in seller subsidy ?

It was appraised at 170k and a couple years ago sold for well over $260k

3rd floor with an elevator. The condo is in excellent condition.

Let me know asap.

703-725-2929



Tuesday, May 19, 2009

April 2009 Housing Stats



April 2009 Regional Home Sales
Northern Virginia: April 2009
The Northern Virginia Association of Realtors® reports on April 2009 home sales activity for Fairfax and Arlington counties, the cities of Alexandria, Fairfax and Falls Church and the towns of Vienna, Herndon and Clifton.
A total of 1,544 homes sold in April 2009, a 6.12 percent increase above April 2008 home sales of 1,455.

Active listings decreased by 23.04 percent from last year, with 8,234 active listings in April, compared with 10,699 homes available in April 2008. The average days on market (DOM) for homes in April 2009 decreased by 15 percent to 85 days, compared with 100 days in April 2008.

Sales prices continue to remain lower than those realized last year. The average sales price in April fell by 16.29 percent from April 2008, to $405,514, compared with last April's average of $484,432.

The median price of homes sold in Northern Virginia in April was $356,750, which is a decline of 13.72 percent compared with April 2008's median price of $413,500.

Greater Northern Virginia: April 2009
Sales activity in Greater Northern Virginia (NVAR jurisdictions plus Prince William, Loudoun and the Greater Piedmont counties) for April 2009 continues to show an increase from 2008.

The number of Greater Northern Virginia region homes sold in April was 2,904, a 5.75 percent increase from April 2008's total of 2,746 sales. This marks the thirteenth consecutive month of increased year-over-year sales totals for Greater Northern Virginia.

The average sales price of $331,600 in April 2009 continues to lag behind the 2008 average by 18.63 percent. The April 2008 average sales price was $407,519.

Across Greater Northern Virginia, the number of listings showed a decrease from 2008 numbers, with 15,683 listings active, which is 33.18 percent less than this time last year, when 23,471 homes were available. The average DOM for a home sold in April 2009 was 89 compared with last year's 112 DOM, a decrease of 20.52 percent.
Price Stabilization Is First Step to Recovery:
Tax Credit Bridge Loans on the Way
Although there are encouraging signs in the housing market - including a pick-up of home sales in previously hard-hit markets, record affordability, and continuing low interest rates - prices have not yet hit bottom, according to a panel of housing and economic experts who spoke at a real estate summit hosted by the National Association Of Realtors® as part of its Midyear Legislative Meetings in Washington, D.C., the week of May 11, 2009.

To put a floor under the market, the federal government must continue to intervene, panelists said, and expanding the first-time home buyer tax credit is a good place to start. The credit should be expanded to all households, they said, including those with higher incomes, and increased significantly in value, perhaps to $15,000 to $16,000 instead of the current $8,000.

"Then it would start to move real estate," said Robert Sibcy, president of Sibcy Cline, REALTORS®, based in Ohio.

In a positive move, the U.S. Department of Housing and Urban Development is set to roll out guidelines permitting HUD-approved lenders, public housing finance agencies, and some nonprofit organizations to make bridge loans to home buyers. The loans would be collateralized by the $8,000 tax credit, giving buyers the upfront funds for a down payment.

The inability to use the credit for the down payment has been a major stumbling block for the tax credit. NAR has been calling for HUD to use its authority to allow the bridge loans.

During the summit, HUD Secretary Shaun Donovan announced that HUD has decided to allow bridge loans, sparking a loud cheer of appreciation from more than 1,000 Realtors® attending the session.

"We want FHA consumers to access the credit to use as a down payment," Donovan said. "I want to thank NAR for its partnership with FHA." More details on the guidelines will be released in a few days, he said.

Donovan said the credit is expected to stimulate 100,000 first-time home buyer purchases and 60,000 move-up purchases this year before it expires December 1.
Affordability At All-Time High
Historically low interest rates and low prices combine to put housing affordability at an all-time high, according to NAR Chief Economist Lawrence Yun. Speaking at NAR's Midyear Legislative Meetings in Washington, D.C., Yun offered his analysis of the current national and regional housing picture, as well as his predictions for the future of the industry.
"We're overshooting downward, which sets the stage for a big upswing," Yun stated. "Any further decline is over-correction at this point," he added.
Early summer will be a critical time to see how buyers are responding to the federal stimulus package, Yun said. He cautioned Realtors® to encourage buyers to stay within their budgets and called for sound underwriting standards. "We want sustainable homeownership," he said.
Yun noted that the credit crunch appears to be easing somewhat. He predicts some economic recovery in 2010, with national unemployment edging higher - to 10.5 percent - before stabilizing.
People buying today could see slight increases in value by next year, Yun concluded. "Today's homebuyers are perfectly positioned to hedge inflation," he said.
Northern Virginia's Market Hits Bottom,
Expert States at NAR Summit at Mid-Year
Elizabeth Razzi, of The Washington Post, covered the panel of speakers at the Summit at the NAR Midyear Event.
She wrote the following item on her May 13 blog, citing Tom Lawler, founder of Lawler Economic & Consulting in Vienna:

Beware Dated Housing Stats
"Anyone here from Northern Virginia?" asked Lawler. He was one of the panelists in that marathon economic summit meeting that the NAR held at the Marriott Wardman Park [on May 12]. "Northern Virginia is actually starting to bottom," he said.

He warned participants that all the home-price indexes reported in the news rely on dated information. "Case-Shiller not only has a lot of foreclosures, but the last index was based on January-February closings and those contracts were made a month or two earlier," he said, referring to the closely followed index of home prices.
'Economists In The Latest Wall Street Journal Survey See An End To The Recession By Autumn,' The Wall Street Journal Reports
According to the WSJ survey results: Half the respondents said that fiscal and monetary stimulus has provided the basis for a sustainable recovery. Twenty-seven percent said it has boosted the economy, but they had doubts about sustainability.

According to the article: "The Fed has the big guns and has effectively averted a depression or a much more severe recession," said Diane Swonk of Mesirow Financial.

The role of the Fed in stabilizing the market has boosted the outlook for Chairman Ben Bernanke. On average, the economists say there is a 72 percent chance that Mr. Obama will reappoint the Fed chairman in 2010. "If there's a hero to this piece, it's Ben Bernanke," said Paul Kasriel of The Northern Trust Corp.
Although there will be slight improvements in the economy, the unemployment rate will increase before it declines, the economists agreed. Forty-six percent of the surveyed experts noted that the recession could last three to four years, with 27 percent believing that it could end in five to six years. All economists noted that recession corrections take years.