Relevant Real Estate Information for the Fairfax Ridge Condo Community
INTRODUCTION
We havnt had an updated section on Fairfax Ridge in a while because nothing is happening. There are only 4 condos currently available and they are all short sales. I do have good news, we helped a buyer buy a short sale that is closing next week !
We have had 4 closings in Fairfax Ridge since our last update. Check out the numbers below.
As of today (May 8, 2009 11 AM), there are 4 active listings in the MLS and 11 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 )
3 -2 bedroom units (3 short sales)
0 - 3 bedroom unit
NEW LISTINGS
According to MLS, there was 2 new listing this week.
UNDER CONTRACT
According to MLS, there are 11 condos under contract , 2 bank owned and 9 short sale.
11350 Aristotle Dr #7-202 - 227 (DOMP) 1bd/1ba
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
11395 ARISTOTLE DR #11-408 - 112(DOMP) 1bd/1ba
11347 Aristotle Dr #6-307 -14 (DOMP) 2bd/2ba
11350 Aristotle Dr #7-101 - 7 (DOMP) 2bd/2ba
11345 Aristotle Dr #6-410 - 26 (DOMP) 2bd/2ba
11373 Aristotle Dr #9-307 - 37 (DOMP) 2bd2ba
I will have the final numbers for these once they close
SOLD
According to MLS, 4 condos sold in the last 30 days .
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
These sold more than 30 days ago -
-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
| 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 3 listings that have been taken off the market in the last 30 days.
RENTALS
There are currently 8 condos for rent
1bedroom units - 4 available
2bedroom units - 4 available
3bedroom units - 0 available
8 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
All I can say is there is big difference in the sales of some of the recent condos. Short Sales vs. Bank Owned. I know this community very well. If your agent doesn't, then you are going to be paying $10-20k more like some of these people did for their condos. You do not want to be paying for condo in a market like this.
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.
