About Fairfax City County, VA

MyPenderbrookHome.com

Relevant Real Estate Information for the Penderbrook Community of Townhomes and Condos in Fairfax, VA

INTRODUCTION

Buyers ! - Penderbrook and Fairfax Ridge have some of the best priced newer condos around. Not to mention these communties are located on either side of 66. Email us asap if you are thinking about buying a condo in the next 3 months. Or you will miss out on a great opportunity.

As of today (January 8, 2009 10 AM) there are 27 active homes in Penderbrook and 6 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

3 regular sales , 3 bank owned

Condos - 21 active

Heights at Penderbrook (Condo/Townhome) - 9 condos ( 4 regular, 3 bank owned, 2 short sales)
Penderbrook Square (Condos)- 12 condos (5 regular, 4 short sale, 3 bank owned)


NEW LISTINGS

According to MLS, there was 3 new listing this week.


UNDER CONTRACT

According to MLS, there are 0 Condos and 6 townhomes under contract.

Condos
None

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)
12159 Wedgeway Plv (39 DOMP)


I will have the final numbers for these once they close


SOLD

According to MLS, 3 homes have sold in the last 30 days .

12104 Green Ledge Ct #302 (18 DOMP) 2bd/2ba Condo - Regular Sale

Asking Price -$239,000
Sales Price -$239,000
Seller Subsidy -$7,000

12110 Green Ledge Ct #301 (26 Days on the market) 3bd/2ba Condo - Regular Sale

Asking Price - $250,000
Sales Price - $250,000
Seller Subsidy - $5,000

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

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

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

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

More Than 30 Days ago

12128 Wedgeway Ct (Townhome - 2bed/4ba - 34 DOMP)
Asking Price - $309,900 / Sales Price - $310,100 / Seller Subidy - $ 0


22033

Fairfax Condos Sold for 2007 vs. 2008




Fairfax Townhomes Sold for 2007 vs 2008




EXPIRED or WITHDRAWN

There has been 5 listings that have been taken off the market in the last 30 days.


RENTALS

There is currently 0 townhomes for rent and 7 condos

2 townhomes and 5 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 full licensed Property Management Group.


OBSERVATIONS

Right now there a lot of condos on the market in Penderbrook. You need to know who you are competing with. Good thing is right now, 10 of the condos are substanially overpriced. So if you decide to list with us you will be ahead of those in a heart beat. We get lots of interested buyers from these blogs and even more so when we market one of the condos on these blogs and other internet sites. If you are thinking about selling, contact us to see how we can get your condo or TH sold.

We will have a better idea of how the TH are doing once the 6 that are under contract settle.
But alot of the TH at penderbrook have adjusted their price and that is why they are selling better than condos right now. There are some TH available under 325k ! But if you stay around that 400k range you should be ok if your home is in great condition.

Keep checking back each Thursday for more insight to what is going on at Penderbrook.




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

As some of you know, I'm a R.E. broker in the Wash DC metro area and also a technology entrepreneur.

I've co-founded a company that does something pretty neat: It sends location data to the browser. Here's why that's such a big deal:

For the first time, your MLS home search tool can be "location aware", meaning it knows where the user is, and can display the listings that are near that user.

Imagine using this on a phone! An agent or consumer could see the homes for sale around them, wherever they are.

It's great for a "I hate the house but love the neighborhood" type scenario.

In fact, our real estate company has taken the technology, called PointAbout, and applied it to our search tool. Check out www.TBHSE.com/mobile. You can also see a video of the tool in action below, and you can read about the company behind the location-based technology at PointAbout.com

I'm also actively looking for other Realtors that want to try hooking this into their local MLS system, either by using our mobile search interface or developing your own.

Daniel.Odio@PointAbout.com or call me at 202.250.3846.

Video of PointAbout in Action:

The newspapers and TV continue to lament the state of the real estate market in the Northern Virginia area. It seems that the market is dead and houses are languishing on the market for months with no activity. I'm assuming this would explain why every home I have shown in the past week has a multiple agents coming and going within a few minutes of each other. Today while out with buyers to double check on their "first choice" and take a look at a few new homes we encountered agents either already in the home or waiting at the door to get in when we were done. We plan to write an offer tomorrow and are keeping our fingers crossed.

Yesterday another one of my buyers wrote an offer on a property first thing in the morning (we were the first ones in the door after the listing went live) and by the time the owners were ready to review contracts in the evening their were three. Fortunately ours is the ratified contract! It seems that the news hasn't been keeping up with all of the activity going on around the area.

Does this mean that every home is selling? Of course not but homes that are priced right are getting noticed instantly by prospective buyers. It is a time for sellers to be realistic about their pricing and making sure that the price reflects the condition of the property. I got a chuckle out of the description on a short sale listing I encountered this week that said "LENDER SAID I NEED AN OFFER FOR THE LISTING PRICE 405K" yet a non short sale townhouse in the same neighborhood is under contract with a list price of $290,000. So it goes to show that not everyone gets it yet but those that do are going to have plenty of activity on their listings and maybe even multiple offers coming their way.

So don't believe everything you read or hear on the news. The market in Northern Virginia has a lot of activity right now. Prices are lower than they have been in the last few years and interest rates are down. Savvy buyers are out making offers on their future homes.

If you are thinking of buying a home this spring give me a call. I'll show you the best deals in the area and help make home ownership a reality for you.

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As an Associate Broker with RE/MAX Allegiance in Northern Virginia and native of the area I can assist you whether you are buying, selling or renting a home anywhere in Northern Virginia. For more information about the area or my services you can check VaRealEstateTalk or my Northern Virginia website.

Search all homes available in the Northern Virginia area.