Relevant Real Estate Information for the Fairfax Ridge Condo Community
INTRODUCTION
First of all. I have a buyer who is looking to buy a 1 bedroom condo here at Fairfax Ridge. If you know of someone thinking about selling, contact me ASAP! This will save you a lot of time in this market.
We are seeing bank owned properties alot less now in our market. Not just at Fairfax Ridge. Look at the stats below that prove it. 1 bank owned property currently at Fairfax Ridge. They sell quickly and are coming on the market alot less now.
9 of the 11 condos on the market are short sales. Why is that ? NO short sales have sold in Fairfax Ridge in the last 4+ months. Except OURS! Our 3bedroom / 2bath condo is closing at the end of this month. Why is this ? Because we hired the best short sale negotiator in the country. Wander why your agent is not getting yours sold ? Do they have a professional negotiator working with the bank ? The numbers don't lie.
As of today (March 6, 2009 11 AM), there are 11 active listings in the MLS and 8 Condos (-3) are currently under contract and 3 Condos have sold in the last 30 days.
Here’s the breakdown of all active listings in MLS:
5 - 1 bedroom units ( 5 short sales )
5 -2 bedroom units (3 short sales, 1 regular sales, 1 bank owned)
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 6 condos under contract , 2 bank owned and 4 short sale.
11350 Aristotle Dr #7-202 - 227 (DOMP) 1bd/1ba
11361 Aristotle Dr #312 -42(DOMP) 2bd/ 2ba
11326 Aristotle Dr #4-301 - 45(DOMP) 2bd/2ba
11353 Aristotle Dr #309 - 65 (DOMP) 3bd / 2ba
11345 Aristotle Dr #6-410 - 26 (DOMP) 2bd/2ba
11373 Aristotle Dr #9-307 - 37 (DOMP) 2bd2ba
3851 Aristotle Ct #1-304 -280(DOMP) 2bd/2ba
11350 Aristotle Dr #7-104 - 14 (DOMP) 1bd/1ba
3851 Aristotle Ct #1-309 - 66 (DOMP) 2bd/2ba
11321 Aristotle Dr #3-301 - 70 (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 .
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
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
| 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 | 23 | 26 | -11.5% |
| Avg. Days on Market | 85 | 105 | -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 5 listings that have been taken off the market in the last 30 days.
RENTALS
There are currently 12 condos for rent
1bedroom units - 5 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
The best opportunities come and go quikly here at Fairfax Ridge. Look at all the bank owned sales in the past couple months!
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.
