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.
