Nate Johnson

MyGatesofFairLakesCondo.com

INTRODUCTION

We are your Neighborhood Expert !


As of today (December 17, 2008 11 AM), there are 4 active listings in MLS and 1 condo that is currently under contract.

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

3 - 2 bedroom units (2 Bank Owned, 1 Short Sale)
1 - 1bedroom unit (Bank Owned)

NEW LISTINGS

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


UNDER CONTRACT

According to MLS, there is 0 condos under contract.


12902 FAIR BRIAR LN #12902, FAIRFAX, VA 22033 - 215 Days On The Market (DOMP) (2 bed/2ba) Short Sale NO LONGER UNDER CONTRACT


I will have the final numbers for this once it closes, if it closes.


SOLD

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

12898 FAIR BRIAR LN #12898, FAIRFAX, VA 22033 (226 DOMP) (2bed/2ba) Regular Sale

Asking Price - $324,900
Sales Price- $284,000
Seller Subsidy - $10,000


22033

Fairfax Condos Sold for 2007 vs. 2008




RENTALS

There are currently 4 condos for rent

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 also. Just ask us more about how this benefits you.


OBSERVATIONS

We have been working in Gates of Fair Lakes for a while and there just has not been much movement at all here. There was one sale this past week. It was a regular sale and the buyer got a great deal. The short sale that I mentioned in last weeks report is no longer under contract and off thee market. Meaning they were not able to negotiate with the bank to sell. We have a short sale team in place to help you. There is very little if no financial implications to short selling. You just need a good team and professional negotiators to negotiate with the bank. Please contact us if you are thinking about this. Keep checking back for the status of your community. If you have any questions or would like to know the value of your home right now, email us!








Disclaimer: Information was gathered from the MLS and is deemed reliable but not guaranteed.

MyPenderbrookHome.com

INTRODUCTION

We have been helping families buy here in Penderbrook for years and have decided to start this blog. Our goal is to help those families that already live in Penderbrook and those that are thinking about living here, see what is going on in the neighborhood.

It is very important to have all the correct information before you make the huge decision to buy, sell or rent. We know this community very well and have helped a lot of families here. We study it a couple times a week and would be honored to help you reach your real estate goals and needs.

As of today (December 17, 2008 12 PM there are 23 active homes in Penderbrook and 7 homes that are currently under contract and 3 homes that have sold in the last 30 days.

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

Townhomes- 6 active

4 regular sales , 2 bank owned

Condos - 17 active

Heights at Penderbrook (Condo/Townhome) - 8 condos ( 4 regular, 2 bank owned, 2 short sales)

Penderbrook Square (Condos)- 9 condos (4 regular, 4 short sale, 1 bank owned)

NEW LISTINGS

According to MLS, there was 0 new listing this week.


UNDER CONTRACT

According to MLS, there are 2 Condos and 5 townhomes under contract.

Condos
12110 Green Ledge Ct #301 (26 Days on the market)
12104 Green Ledge Ct #302 (18 DOMP)

Townhomes
3942 Kathryn Jean Ct (54 DOMP)
3910 Valley Ridge Dr (142 DOMP)
12113 Wedgeway Ct (62 DOMP)
11806 Green Look Pl (28 DOMP)
3784 Inverness Rd (39 DOMP)


I will have the final numbers for these once they close


SOLD

According to MLS, 2 homes have sold in the last 30 days .

12108 Green Ledge Ct #301 (Condo - 3bed/2ba - 229 DOMP)

Asking Price - $259,999
Sales Price - $240,000
Seller Subsidy - 0

12118 Wedgeway Pl (Townhome - 3bed/4ba - 83 DOMP)

Asking Price - $317,900
Sales Price - $307,900
Seller Subsidy - $ 0

12128 Wedgeway Ct (Townhome - 2bed/4ba - 34 DOMP)

Asking Price - $309,900
Sales Price - $310,100
Seller Subidy - $ 0

Fairfax Condos Sold for 2007 vs. 2008




Fairfax Townhomes Sold for 2007 vs 2008



EXPIRED or WITHDRAWN

There has been 2 listings that have been taken off the market in the last 30 days.


RENTALS

There is currently 1 townhomes for rent and 7 condos

2 townhomes and 4 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.


OBSERVATIONS

We have been tracking sales and rentals here for some time and will have a detailed observations report next Wednesday. Check back every Wednesday for your weekly report !



Disclaimer: Information was gathered from the MLS and is deemed reliable but not guaranteed.

FairfaxFirstTimeHomeBuyers.com

12/16/08

Alexandria and Centreville, VA are still our most active cities in NOVA!

Check back every other Tuesday to see how much the Fairfax County Market has fluctuated.

If you want a detailed report on your neighborhood, please emails us !

Forget what the media says... lets look at the FACTS.... you can then make up your own mind

Since most of the readers on this blog are first time home buyers, I will keep the price under 400,000 for our data.

Fairfax

283 Active Listings (-6 from two weeks ago)

In the last 30 days 181 homes are under contract or have sold ! (-13 from two weeks ago)

Centreville

257 active listings (-48 from two weeks ago)

In the last 30 days 204 homes are under contract or have sold ! (-13 from two weeks ago)

Reston

147 active listings (-33 from last week)

In the last 30 days 129 homes are under contract or have sold ! (+3 from last week)

Herndon

218 active listings (-6 from last week)

In the last 30 days 234 homes are under contract or have sold ! (-18 from two weeks ago)

Arlington

314 active listings (-17 from two weeks ago)

In the last 30 days 161 homes are under contract or have sold ! (+3 from two weeks ago)

Alexandria

Over 500 active listings (Still)

In the last 30 days over 500 homes are under contract or have sold ! (Still)

This could be because of Fort Belvoir people coming in and homes are priced reasonably here.

Mclean/Vienna/Oakton

134 active listings (same from two weeks ago)

In the last 30 days 56 homes are under contract or have sold ! (-9 from two weeks ago)


Observations

Interest rates have dropped again and now is one of the best times ever to buy.

Remember to stay within your means when buying your next home. You only have to put 3.5% down on a home. Ask us about these programs

Fairfax and Centreville were our biggest movers this past 2 weeks. With all this inventory and less buyers during the Holidays, there are many great buys still out there.

Spring time is just around the corner and there will be sure to have a lot more listings on the market but there will also be a lot more buyers. Around the holidays there are usually fewer buyers and few listings but because of the bank owned properties there are a lot of listings ! but still few buyers.

Everyones situation is different, but if you want to see if now is the best time for you to buy. Please email us

But as for the numbers ....

These numbers tell us that people are buying real estate RIGHT NOW why ???? because its one of the best times to buy real estate. Northern Virginia is its own market and can not be compared to the rest of the US. Investors and first time home buyers know that right now is the best time to buy.

Real Estate should be considered for long term gain (3-5, 5-10 years) Not instant gratification which happend in 2003/2004 When you consider that you will probably be in this house for 5+ years, then now is absolutely the best time to buy, IF you are still living within your means.

MyFairRidgeHome.com

INTRODUCTION

Another townhome has gone under contract in Fair Ridge. With interest rates dropping dramatically first time home buyers and investors are starting to buy !

To find out what your home is worth and receive a free no obligation Fair Ridge neighborhood report each month of what exactly is selling in Fair Ridge click here

As of today (December 16, 2008 10 AM there are 5 active homes in Fair Ridge and 2homes that are currently under contract and 1 home that has sold in the last 30 days.

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

Townhomes- 5

1 Bank Owned, 2 Regular Sales, 2 Short Sale


NEW LISTINGS

According to MLS, there was 0 new listing this week.


UNDER CONTRACT

According to MLS, there is 2 townhomes (1 bank owned and 1 regular sale) under contract.

4203 Fox Lake Dr -14 (DOMP) 4bd/4ba

12331 Quiet Hollow Ct - 15 (DOMP) 4 bd/4ba

I will have the final numbers for these once they close


SOLD

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

12301 Sleepy Lake Ct - (15 DOMP) 4bd/4ba (Bank Owned)

List Price - $339,000
Sales Price - $318,000
Seller Subsidy - $8,500

12217 Apple Orchard Ct - (124 Days on Market) 3bd/4ba/1garage (Bank owned)

List Price - $359,000
Sale Price - $335,000
Seller Subsidy - $450

More than 30 days...

12208 Apple Orchard Ct ( 9 DOMP) 3bd/3ba

List Price - $359,000
Close Price - $359,000
Seller Subsidy - $10,000


Fairfax Condos Sold for 2007 vs. 2008




Fairfax Townhomes Sold for 2007 vs 2008

EXPIRED or WITHDRAWN

There has been 0 listings that have been taken off the market in the last 30 days.


RENTALS

There is currently 1 townhome for rent - 3bd/4ba/1garage

3 (+1) townhomes 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 also. Just ask us more about how this benefits you.


OBSERVATIONS

One more townhome under contract in the last week. This townhome was listed much higher than what the market is asking so once this closes it will be interesting to see what the sales price ended up being.

Owners, we have a short sale team in place to help you with your situation. Very little if no financial implications to short selling your townhome. Please contact us asap





Disclaimer: Information was gathered from the MLS and is deemed reliable but not guaranteed.

MyGatesofFairLakesCondo.com

INTRODUCTION

We are your Neighborhood Expert ! As of today (December 9, 2008 11 AM), there are 3 active listings in MLS and 1 condo that is currently under contract.

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

3 - 2 bedroom units (2 Bank Owned, 1 Short Sale)


NEW LISTINGS

According to MLS, there was 0 new listing this week.


UNDER CONTRACT

According to MLS, there is 2 condos under contract. 12898 FAIR BRIAR LN #12898, FAIRFAX, VA 22033 (226 DOMP) (2bed/2ba) Regular Sale

12902 FAIR BRIAR LN #12902, FAIRFAX, VA 22033 - 215 Days On The Market (DOMP) (2 bed/2ba) Short Sale


I will have the final numbers for this once it closes, if it closes.


SOLD

According to MLS, 0 condos sold in the last 30 days.



Fairfax Condos Sold for 2007 vs. 2008




RENTALS

There are currently 4 condos for rent

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 also. Just ask us more about how this benefits you.


OBSERVATIONS

We have been working in Gates of Fair Lakes for a while and there just has not been much movement at all here. There is a short sale that is under contract but it has been under contract for over 2 months which means they are having a hard time getting the bank to accept the price. We have a short sale team in place to help you. There is very little if no financial implications to short selling. You just need a good team and professional negotiators to negotiate with the bank. Please contact us if you are thinking about this. Keep checking back for the status of your community. If you have any questions or would like to know the value of your home right now, email us!















Disclaimer: Information was gathered from the MLS and is deemed reliable but not guaranteed.