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, 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.