Annandale, VA

MyFairfaxCountyRealEstate.com

December 2009 Annandale Real Estate Sales Market Report

*80 Active Homes

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Summary:

Contact us if you are thinking about buying or selling in Annandale

Single Family Homes Annandale

• Sold Annandale Homes in December 2009: 17 homes
• Average Sold Price: $570,529
• Median Sold Price: $523,000
• Homes sold for about: 96.6% of asking price
• Average Days on Market: 52 days

Out of the 17 Annandale home sales in December - 5 (29%) were distressed (foreclosure, bank owned, short sale).

Townhomes in Annandale

• Sold Annandale Townhomes in December 2009: 9 homes
• Average Sold Price: $343,389
• Median Sold Price: $325,000
• Homes sold for about 101.1% of asking price
• Average Days on Market: 27 days

Out of the 12 Annandale townhomes that sold in December - 6 (50%) were distressed (foreclosure, bank owned, short sale).

Condos in Annandale

• Sold Annandale Condos in December 2009: 13 homes
• Average Sold Price: $130,923
• Median Sold Price: $131,500
• Homes sold for about 101.3% of Asking price
• Average Days on Market: 15 days

Out of the 13 Annandale condos that sold in December - 9 (69%) were distressed (foreclosure, bank owned, short sale).

Annandale zip codes - 22003

Email: natejohnson@kw.com

703-725-2929

Annandale VA real estate. As of this evening there are currently 50 single family detached Annandale Virginia homes for sale. These are fee simple homes. This is an incredible time to buy a home in Annandale VA. There are great prices, rates are still low, sellers will still look at offers and negotiate. The other item that makes Annandale VA such a sought after location is the rising cost of fuel and gas. Since Annandale Virginia is inside the beltway it has great access to all of northern Virginia and DC, it is a money saver for commuters! It's time to buy your next home in Annandale VA.

Currently there are:

• 50 Active Listings Annandale homes for sale (HI/LO) $1,385,000/ $340,000
• 10 'Cntg/KO' Annandale homes for sale
• 37 'Cntg/NO KO' Annandale homes for sale
• 21 'Contract' Annandale homes for sale

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• Annandale VA Single Family Homes for Sale
• Annandale VA Condos and Town Homes for Sale
• Annandale VA Homes for Sale 200-300K
• Annandale VA Homes for Sale 300-400K
• Annandale VA Homes for Sale 400-500K
• Annandale VA Homes for Sale 500-600K
• Annandale VA Homes for Sale 600-700K
• Annandale VA Homes for Sale 700-800K
• Annandale VA Homes for Sale 800-900K
• Annandale VA Homes for Sale 900-1 Million

MyFairfaxCountyRealEstate.com

November 2009 Annandale Real Estate Sales Market Report

*60 Active Homes

Summary:

Distressed condos in Annandale continue to stay high. There are some great opportunity to get some distressed properties here in Annandale at a great price. Keep checking back each month to see how Annandale compares to other cities. If you would like to see some properties here, email me below.

Contact us if you are thinking about buying or selling in Annandale

Single Family Homes Annandale

• Sold Annandale Homes in November 2009: 36 homes
• Average Sold Price: $456,134
• Median Sold Price: $433,000
• Homes sold for about: 99.6% of asking price
• Average Days on Market: 55 days

Out of the 36 Annandale home sales in November - 13 (36%) were distressed (foreclosure, bank owned, short sale).

Townhomes in Annandale

• Sold Annandale Townhomes in November 2009: 12 homes
• Average Sold Price: $330,157
• Median Sold Price: $345,000
• Homes sold for about 101.1% of asking price
• Average Days on Market: 48 days

Out of the 12 Annandale townhomes that sold in November - 3 (25%) were distressed (foreclosure, bank owned, short sale).

Condos in Annandale

• Sold Annandale Condos in November 2009: 15 homes
• Average Sold Price: $141,218
• Median Sold Price: $140,000
• Homes sold for about 99.4% of Asking price
• Average Days on Market: 19 days

Out of the 15 Annandale condos that sold in November - 9 (60%) were distressed (foreclosure, bank owned, short sale).

Annandale zip codes - 22003

Email: natejohnson@kw.com

703-725-2929

MyFairfaxCountyRealEstate.com

October 2009 Annandale Real Estate Sales Market Report

Summary:

In October, Annandale condos are 60% distressed. This number is higher than any other condos in any other fairfax county city. Homes are still selling, but inventory continues to be low.

Contact us if you are thinking about buying or selling in Annandale

Single Family Homes Annandale

• Sold Annandale Homes in October 2009: 33 homes
• Average Sold Price: $422,539
• Median Sold Price: $431,500
• Homes sold for about: 97.8% of asking price
• Average Days on Market: 63 days

Out of the 33 Annandale home sales in October - 9 (27%) were distressed (foreclosure, bank owned, short sale).

Townhomes in Annandale

• Sold Annandale Townhomes in October 2009: 11 homes
• Average Sold Price: $271,090
• Median Sold Price: $250,000
• Homes sold for about 103.3% of asking price
• Average Days on Market: 41 days

Out of the 11 Annandale townhomes that sold in October - 8 (73%) were distressed (foreclosure, bank owned, short sale).

Condos in Annandale

• Sold Annandale Condos in October 2009: 26 homes
• Average Sold Price: $146,688
• Median Sold Price: $124,500
• Homes sold for about 100.3% of Asking price
• Average Days on Market: 30 days

Out of the 26 Annandale condos that sold in October - 17 (65%) were distressed (foreclosure, bank owned, short sale).

Annandale zip codes - 22003

Email: natejohnson@kw.com

703-725-2929

This Annandale condo, priced at $249,900 when it hit the market on September 28, 2009, sold in only sixteen days. That's not the number of days it took to get the offer. We had our contract after one day, and it was ratified on September 30th. It went to settlement this morning, October 13th.

The story behind the quick sale of this Annandale condo, located in the community of Lafayette Forest, involves a regular seller with a well maintained and lovely, contemporary condo and buyers who had been "left at the alter"...so to speak, by a prior seller. The buyers had gone to closing for the prior condo purchase on September 28th. Unfortunately, the seller did not have the money needed to make up the difference between the sale price and what was owed. The listing agent on that fiasco obviously didn't even think to list the home as a short sale.

The buyer's prior transaction fell apart the same day my seller's condo hit the market. It was a match from the very beginning.

While this Annandale condo did not sell for the list price, it did sell for the appraised value of $224,000. And the seller did not have to assist the buyer with any closing costs. Furthermore, the quick settlement happened the very last day before my seller would have been selling in a capital gains scenario.

Every once in a while, the stars align and a seller and buyer can come together to make a tight deadline. It also helps when there are true real estate professionals involved helping the buyer and seller navigate the home buying and selling process.