Nate Johnson

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.

MyFairRidgeHome.com

INTRODUCTION

No changes this week. Just one townhome sold. I have their numbers posted below.

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 9, 2008 11 AM there are 6 active homes in Fair Ridge and 1 home that is currently under contract and 2 home that has sold in the last 30 days.

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

Townhomes- 6 - Average DOMP -68 days

1 Bank Owned, 3 Regular Sales, 2 Short Sale


NEW LISTINGS

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


UNDER CONTRACT

According to MLS, there is 1 townhomes (bank owned) under contract.

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

Just one sale since last week.

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.

INTRODUCTION

We are your neighborhood expert ! Click here for Fairfax Ridge Community Handbook and Rules

Fairfax Ridge owners that are over their head in mortgage payments, please contact us ASAP. We have a plan in place to help you. Contact us to see if we can help you.

And guess what. That banked owned property I was mentioning in my last post is gone ! 2 weeks and under contract ! When a condo is priced that competitively its going to go quick.

As of today (December 5, 2008 11 AM), there are 16 active listings (-2) in the MLS and 4 Condos (+1) are currently under contract and 2 Condos have sold in the last 30 days.

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

8 - 1 bedroom units (-2) ( 3 short sales, 2 bank owned, 3 regular sales)
8 -2 bedroom units (-1) (1 short sales, 5 regular sales, 2 bank owned)


NEW LISTINGS

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


UNDER CONTRACT

According to MLS, there are 4 condos under contract , 2 bank owned and 2 short sale.

11321 Aristotle Dr #3-301 - 70 (DOMP) 2bd/2ba
11371 Aristotle Dr #9-113 - 19 (DOMP) 2bd/2ba
11395Dr Aristotle Dr #408 - 0 (DOMP) 1bd/1ba
11345 ARISTOTLE DR #6-311 - 15 (DOMP) (2 bd/1ba)

I will have the final numbers for these once they close


SOLD

According to MLS, 2 condos sold in the last 30 days (+1). These were bank owned condos.

11353 ARISTOTLE DR #106 - 5 Days on the Market (DOMP) (2bedroom)
(This one had multiple offers and went above asking price)

List Price- $234,000
Sold Price -$250,000
Seller Subsidy - $0

3 level, 2 bedroom, 2 bathroom -
11335 Aristotle Dr #5-215 - 117 (DOMP)

List Price - 329,900
Sold Price - 250,000
Seller Subsidy - 0

1 level, 2 bedroom, 2 bathroom -
11371 ARISTOTLE DR #9-213, FAIRFAX, VA 22030 - 61 (DOMP)

List Price - 239,000
Close Price - 239,000
Seller Subsidy - 6,000

3 level, 2 bedroom, 2 bathroom -
11359 ARISTOTLE DR #8-214, FAIRFAX, VA 22030 - 26 (DOMP)

List Price - 244,900
Close Price - 260,000
Seller Subsidy - 0

These sold more than 30 days ago -

2 level, 2 bedroom, 2 bathroom -
11397 ARISTOTLE DR #11-105, FAIRFAX, VA 22030 - 36 (DOMP)

List Price - 267,800
Close Price - 240,000
Seller Subsidy - 7,590


Fairfax Ridge Condos Sold for 2007 vs. 2008




Fairfax Condos Sold for 2007 vs. 2008

EXPIRED or WITHDRAWN There have been 4 listings that have been taken off the market in the last 30 days.


RENTALS

There are currently 11 condos for rent (+1)

1bedroom unit - 3 available
2bedroom units - 7 available
3bedroom units - 1 available

4 condos have been rented out in the past month.

We are seeing competing offers on these rentals surprisingly enough. Make sure you have a good agent to negotiate. We just helped another client rent a condo this past week, where there were 3 offers and we won !

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

The goverment is looking at pushing interest rates down to a record low of 4.5% If you know of anyone thinking about buying in Fairfax Ridge or elsewhere, please contact us. We would be honored to work with them.


A lot of owners are looking at renting their condo out because they would lose so much money if they sold it right now. If you can take a couple hundred dollar hit a month and then want to buy another place at a very low price. We can help you. A lot of owners are taking a couple hundred dollar hit a month by renting out but expecting to make that up in their new home.


Rentals are strong right now in Fairfax Ridge. So think about that option.

If you have to short sell. Use an experienced realtor that knows how to sell short sales and has a team of professionals negotiators to negotiate with the bank. We have all this and we just ask that you consider interviewing us first before you make your decision on which realtor you are going to use.

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

INTRODUCTION

For more uptodate info go to MyCedarLakesHome.com

Search For Your Home

What Is My Home Worth?

We are your Neighborhood Expert !

As of today (December 4, 2008 12 PM there are 5 active homes in Cedar Lakes (-3 from last week) and 4 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:

Condos- 4
Cedar Lakes A - 1 (1 regular sales)
Christopher at Cedar Lakes - 3 (2 short sales, 1 bank owned)

Townhomes- 1
Cedar Lakes - 1 (1 short sales)


NEW LISTINGS

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


UNDER CONTRACT

According to MLS, there are 1 townhomes (1 short sale) and 2 condos under contract (1 short sale, 1 regular sale)

12491 Hayes Ct #202 - (23 DOMP) Condo 2bd/2ba

12437 ERICA HILL LN - (90 DOMP) TH - 4bd/3ba

12461 HAYES CT #203 - (41 DOMP) Condo 2bd/2ba


I will have the final numbers for these once they close


SOLD

According to MLS, 3 home has sold in the last 30 days .

4338 THOMAS BRIGADE LN - 16 Days On The Market (DOMP) TH - 4bd/3ba List Price - $399,900 Close Price - $390,000 Seller Subsidy -$11,700

4256 Wheeled Caisson Sq - (12 DOMP) TH 3bd/3ba List Price -$279,900 Close Price -$279,000 Seller Subsidy -$0

4310R CANNON RIDGE CT #90 - (218 DOMP) Condo 2bd/2ba

List Price - 375,000
Sales Price - 345,000
Seller Subisdy - 0


Fairfax Condos Sold for 2007 vs. 2008




Fairfax Townhomes Sold for 2007 vs 2008

EXPIRED or WITHDRAWN

There has been 1 listings that have been taken off the market in the last 30 days.


RENTALS -
There are currently 3 townhomes and 4 condos for rent

2 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.


OBSERVATIONS

We had 2 townhomes close this week. One was a bank owned and the other was a regular sale. We still have yet to see a short sale close for some time here at Cedar Lakes. Just in the last month or two have TH prices come under 400k for the Fair Lakes area. So this is a great sign for first time buyers !! I don't see them dropping that much more right now.

Rumor has it that interest rates might be forced even lower than their record lows right now. If this is so, everyone that has 10-15k saved up should be buying their first home ! You will definitley be saving a lot of money buying instead of renting.


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

INTRODUCTION

For more uptodate info go to MyFairRidgeHome.com

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

We are your neighborhood expert !

As of today (December 2, 2008 10 AM there are 6 active homes in Fair Ridge (+1) and 2 homes 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- 6 - Average DOMP -68 days

1 Bank Owned, 3 Regular Sales, 2 Short Sale


NEW LISTINGS

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


UNDER CONTRACT

According to MLS, there are 2 townhomes (Both are bank owned) under contract.

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

12301 Sleepy Lake Ct - (15 DOMP) 4bd/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 .

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

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 1 listings that have been taken off the market in the last 30 days.


RENTALS

There is currently 1 townhomes 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

Another slow week at Fair Ridge. I think this is due to the fact that it is December and most people that are buying right now are looking under 400k. The reason being is people buying right now are first time home buyers or investors. I dont expect much movement in Fair Ridge until late Jan/Feb. If you are thinking of listing you should probably wait. Contact us though to see how we can help sell your home quickly.

Rember if you are thinking of selling and worried about losing money in the process. When you move up to a bigger home, you will make up that difference in the new home. You are selling lower but you are also buying much lower also. Real esate for the most part should be bought for long term 5-10 years. Buy this time your new home should make up the difference. And you can always rent out your townhome as another option to selling low. Many Fair Ridge owners have equity in their home. Now is a good time to sell, if you are thinking of getting a bigger home.

We would love to help you consider your options. Please contact us



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