Nate & The 12:45 Team Did It Again
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Nate Johnson is a licensed Realtor serving VA, MD & DC

Friday, January 29, 2010

Fairfax Ridge Townhomes and Condos Weekly Sales Report for 1/9/10 - 1/29/10

Relevant Real Estate Information for the Fairfax Ridge Condo Community


We have 13 condos in this community under contract!   10 of these are short sales.  Now what is the difference between other agents selling your short sale and our team ? 

We have a law firm that represents you and negotiates on your behalf.  This will decrease the amount of time your home is under contract.  The longer its under contract the more chance the buyer is going to walk away.  Our buyers put up their own money and 99% of the time stick it out.

Contact us today for free Short Sale consultation.

My take on short sales is:  until all the short sales in foreclosures are done in Fairfax Ridge, everyone elses condo price is going to be held down.  So if you are thinking about selling yours, then everyone should do it now and get it over with, so everyone elses condo can come back. It sounds kinda of harsh but its a reality. Why throw your money away anymore ? If you cant afford it, get out.  Now is the easiest time to get out.  The government is supporting you getting out.

Short Sale - My definition - Selling your home  for less than what you owe.  - No more stressing about how you are going to make these payments and throwing your money away.  Just do it and get it over with and move on with your life. 

I am short selling my home and believe me its a relief !!  I understand everything you are going through. Yes I can afford it, but why would I want to keep throwing money away ???  I already invested 30k into a downpayment and lost that. Someone will be sure to come in and buy my condo at a much lower price and I will stop losing money on my investment. So why not let someone work for you that has been through what you are going through and has helped many people short sell there home. 

If you have any questions about short sales or would like to find out how much your home would sell for right now.

Contact me

As of today (January 29, 2010 11 AM), there are 5 active homes in the MLS and 13 Condos are currently under contract and 1 Condos have sold in the last 30 days.

Here’s the breakdown of all active listings in MLS:

1- 1 bedroom units
3- 2 bedroom units
1 - 3 bedroom unit


According to MLS, there was 1 new listings this week.


According to MLS, there are 13 condos under contract , 3 bank owned and 10 short sale.

11350 Aristotle Dr #7-104 - 14 (DOMP) 1bd/1ba
11395 Aristotle Dr #210 - 12 (DOMP) 1bd/1ba
11352 Aristotle Dr #7-106 - 45(DOMP) 1bd/1ba
11321 Aristotle Dr #3-302 -4 (DOMP) 1bd/1ba
11320 Aristotle Dr #4-406 - 81(DOMP) 1bd/1ba
11329 Aristotle Dr #5-211 - 274 (DOMP) 2bd/1ba
11353 Aristotle Dr #8-307- 1001 (DOMP)2bd/2ba
3851 Aristotle Ct #1-203 - 8 (DOMP) 2bd/2ba
11345 Aristotle Dr #6-410 - 26 (DOMP) 2bd/2ba

I will have the final numbers for these once they close


According to MLS, 1 condos sold in the last 30 days .

11329 Aristotle Dr #5-213 - 12 (DOMP) 2bd/2ba - Short Sale (Took 7 months to close)

Asking Price -$229,000
Sales Price -$210,000
Seller Subsidy  - 0

11329 Aristotle Dr#5-308 - 20 (DOMP) 2bd/2a - Short Sale (Took 3 months to close)

Asking Price - $229,000
Sales Price - $230,000
Seller Subsidy - $3,450

11345 Aristotle Dr #6-313 - 20(DOMP) 2bd/2ba - Regular Sale

Asking Price - $245,000
Sales Price - $240,000
Seller Subsidy - $0

11351 Aristotle Dr #8-402 - 6 (DOMP) 1bd/1ba - Short Sale (Took 6 months to close)

Asking Price - $169,000
Sales Price - $180,000
Seller Subsidy - $4,417

3851 Aristotle Ct #1-305 - 1bd/1ba (181 DOMP) - Short Sale (Took 7 months to close)

Asking Price - $165,000
Sales Price - $165,000
Seller Subsidy - $3,000

11373 Aristotle Dr #309 - 3bd/2ba (6 DOMP) - Bank Owned

Asking Price - $254,900
Sales Price - $256,000
Seller Subsidy -$8,960

11345 Aristotle Dr#6-308 -2bd/2ba (14 DOMP) - Bank Owned

Asking Price -$224,700
Sales Price -$238,000
Seller Subsidy -$0

Click below for all Fairfax Ridge Condo sales for 2009Sales More Than 30 Days ago

These stats are for all real estate in the 22033 zip code for the Month of August

Fairfax Ridge Condos Sold for 2007 vs. 2008 vs 2009

Fairfax Condos Sold for 2007 vs. 2008 vs. 2009

EXPIRED or WITHDRAWN There have been 1 listings that have been taken off the market in the last 30 days.


There are currently 2 condos for rent

1bedroom units - 1 available
2bedroom units - 1 available
3bedroom units - 0 available

0 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 !


If you are thinking about buying or selling 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.