Relevant Real Estate Information for the Fairfax Ridge Condo Community
INTRODUCTION
We have had alot of movement here at Fairfax Ridge the last 2 weeks. 11 condos are under contract ! They are moving quickly. Read our observations at the bottom of this report.
As of today (February 20, 2009 11 AM), there are 11 active listings in the MLS and 11 Condos (+5) are currently under contract and 2 Condos have sold in the last 30 days.
Here’s the breakdown of all active listings in MLS:
7 - 1 bedroom units ( 3 short sales, 2 bank owned, 2 regular sales)
3 -2 bedroom units (2 short sales, 1 regular sales)
1 - 3 bedroom unit (short sale)
NEW LISTINGS
According to MLS, there was 3 new listing this week.
UNDER CONTRACT
According to MLS, there are 6 condos under contract , 2 bank owned and 4 short sale.
11353 Aristotle Dr #309 - 65 (DOMP) 3bd / 2ba
3851 Aristotle Ct #1-304 -280(DOMP) 2bd/2ba
3851 Aristotle Ct #1-309 - 66 (DOMP) 2bd/2ba
11373 Aristotle Dr #9-307 - 37 (DOMP) 2bd2ba
11361 Aristotle Dr #312 -42(DOMP) 2bd/ 2ba
11350 Aristotle Dr #7-202 - 227 (DOMP) 1bd/1ba
11326 Aristotle Dr #4-301 - 45(DOMP) 2bd/2ba
11345 Aristotle Dr #6-410 - 26 (DOMP) 2bd/2ba
11326 Aristotle Dr #4-401 - 11 (DOMP) 2bd/2ba
11321 Aristotle Dr #3-301 - 70 (DOMP) 2bd/2ba
11371 Aristotle Dr #9-113 - 19 (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 .
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
These sold more than 30 days ago -
-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 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
| 2008 | 2007 | % Change | |
| Total Sold $ Volume | $11,625,825 | $14,391,987 | -19.2% |
| Avg. Sold Price | $400,891 | $423,294 | -5.2% |
| Median Sold Price | $319,900 | $4410,000 | -21.9% |
| Total Units Sold | 29 | 34 | -14.7% |
| Avg. Days on Market | 112 | 89 | 25.8% |
| Avg. List Price for Solds: | $461,292 | $454,655 | 1.4% |
| Avg. Sale Price as a percentage of Avg. List Price: | 86.91% | 93.10% |
Fairfax 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 11 condos for rent
1bedroom units - 4 available
2bedroom units - 6 available
3bedroom units - 1 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
Notice how there have not been any closed short sales in long time. We are about to be the first. Our 3bd/2ba condo is under contract and being negotiated and everything looks good. We will keep you updated. Short sales are tough, but when you have professional negotiators like we do, good things happen.
6 of the 11 under contract are short sales. Maybe 2 of those will actually close. Ours will be one of them.
All of the rest of the condos that are selling quickly here are bank owned.
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.
