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There Were Not Many Buying Opporutnities In 2008!
In the entire subdivision of Westridge in Lake Ridge Virginia there were only 25 Buying Opportunities in all of 2008! Below is a spreadsheet that shows you all the activity for Single Family Homes in Westridge.
The news is, not much is happening in Westridge. So if you've been dreaming or buying a home in Westridge...it might be awhile. That said there were a few of the high end acreage homes that failed to sell this year. This was no fault of the owners, this is due to the lack of financing options available to Home Buyers. When there is No Attractive Financing Options Available, price and condition don't matter.
I would imagine we will see some of these homeowners will try again in Spring after the winter thaw and when better finacing options appear on the horizon. Let's take a look at the Single Family Inventory:
| Status: ACTIVE (1) Only 1 Detached Home Currently For Sale! | ||||||||||
| List Price | Bedrooms | Baths | FB | HB | DOMM | DOMP | Lot Sqft | Yr Built | ||
| Min | $620,000 | 4 | 3 | 2 | 1 | 38 | 131 | 18,029 | 1991 | |
| Max | $620,000 | 4 | 3 | 2 | 1 | 38 | 131 | 18,029 | 1991 | |
| Avg | $620,000 | 4 | 3 | 2 | 1 | 38 | 131 | 18,029 | 1991 | |
| Status: CONTRACT (2) Two Detached Homes Under Contract in November | ||||||||||
| List Price | Bedrooms | Baths | FB | HB | DOMM | DOMP | Lot Sqft | Yr Built | ||
| Min | $269,500 | 3 | 3 | 2 | 1 | 62 | 62 | 9,514 | 1987 | |
| Max | $364,900 | 3 | 4 | 3 | 1 | 94 | 94 | 12,537 | 1987 | |
| Avg | $317,200 | 3 | 4 | 3 | 1 | 78 | 78 | 11,026 | 1987 | |
| Status: EXPIRED (3) Three Detached Homes Failed To Sell | ||||||||||
| List Price | Bedrooms | Baths | FB | HB | DOMM | DOMP | Lot Sqft | Yr Built | ||
| Min | $619,900 | 5 | 3 | 2 | 1 | 51 | 51 | 21,170 | 1988 | |
| Max | $799,950 | 5 | 4 | 3 | 1 | 184 | 252 | 94,172 | 1989 | |
| Avg | $706,616 | 5 | 4 | 3 | 1 | 104 | 162 | 53,216 | 1988 | |
| Status: SOLD (7) Only 7 Detached Homes Sold In 2008 So Far! | ||||||||||
| List Price | Bedrooms | Baths | FB | HB | DOMM | DOMP | Lot Sqft | Yr Built | ||
| Min | $385,000 | 3 | 3 | 2 | 1 | 26 | 51 | 11,112 | 1987 | |
| Max | $684,950 | 5 | 4 | 3 | 2 | 296 | 296 | 23,283 | 1988 | |
| Avg | $502,679 | 4 | 4 | 3 | 1 | 108 | 133 | 15,911 | 1987 | |
| Status: WITHDRN (12) Twelve Detached Homes Withdrew From The Market | ||||||||||
| List Price | Bedrooms | Baths | FB | HB | DOMM | DOMP | Lot Sqft | Yr Built | ||
| Min | $409,950 | 4 | 3 | 2 | 1 | 4 | 4 | 10,032 | 1987 | |
| Max | $724,950 | 5 | 4 | 3 | 2 | 542 | 542 | 94,172 | 1991 | |
| Avg | $612,367 | 4 | 4 | 3 | 1 | 123 | 167 | 25,673 | 1988 | |
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Status: All (25) There were only 25 Single Family Resale Opportunities in 2008 |
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| List Price | Bedrooms | Baths | FB | HB | DOMM | DOMP | Lot Sqft | Yr Built | ||
| Min | $269,500 | 3 | 3 | 2 | 1 | 4 | 4 | 9,514 | 1987 | |
| Max | $799,950 | 5 | 4 | 3 | 2 | 542 | 542 | 94,172 | 1991 | |
| Avg | $569,656 | 4 | 4 | 3 | 1 | 110 | 148 | 24,767 | 1988 |
Here is the best news- Westridge Homeowners will be happy to hear there were only four single family Bank Foreclosure sales in Westridge in 2008. Click here to see what those homes SOLD for CLICK HERE
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Now let's take a look at the Townhome Resale Activity in Westridge So Far in 2008. Look at the spreadsheet below:
| Status: ACTIVE (11) Active For Sale | ||||||||||
| List Price | Bedrooms | Baths | FB | HB | DOMM | DOMP | Lot Sqft | Yr Built | ||
| Min | $194,900 | 3 | 3 | 2 | 0 | 2 | 12 | 1,599 | 1987 | |
| Max | $315,000 | 4 | 4 | 3 | 2 | 408 | 408 | 3,271 | 1990 | |
| Avg | $257,517 | 3 | 4 | 3 | 1 | 124 | 159 | 2,088 | 1988 | |
| Status: CNTG/NO KO (3) Happy Homeowners | ||||||||||
| List Price | Bedrooms | Baths | FB | HB | DOMM | DOMP | Lot Sqft | Yr Built | ||
| Min | $219,000 | 3 | 4 | 2 | 1 | 14 | 20 | 1,651 | 1987 | |
| Max | $275,000 | 4 | 4 | 3 | 2 | 35 | 64 | 2,810 | 1989 | |
| Avg | $253,000 | 3 | 4 | 3 | 1 | 23 | 40 | 2,110 | 1988 | |
| Status: CONTRACT (1) One Nearing Settlement | ||||||||||
| List Price | Bedrooms | Baths | FB | HB | DOMM | DOMP | Lot Sqft | Yr Built | ||
| Min | $191,900 | 4 | 4 | 3 | 1 | 10 | 10 | 1,599 | 1988 | |
| Max | $191,900 | 4 | 4 | 3 | 1 | 10 | 10 | 1,599 | 1988 | |
| Avg | $191,900 | 4 | 4 | 3 | 1 | 10 | 10 | 1,599 | 1988 | |
| Status: EXPIRED (4) Failed To Sell in 2008 | ||||||||||
| List Price | Bedrooms | Baths | FB | HB | DOMM | DOMP | Lot Sqft | Yr Built | ||
| Min | $249,999 | 3 | 4 | 3 | 1 | 92 | 92 | 1,599 | 1987 | |
| Max | $385,000 | 4 | 4 | 3 | 1 | 183 | 183 | 1,869 | 1996 | |
| Avg | $318,737 | 4 | 4 | 3 | 1 | 129 | 129 | 1,707 | 1990 | |
| Status: SOLD (33) 33 Homeowner's SOLD in 2008! | ||||||||||
| List Price | Bedrooms | Baths | FB | HB | DOMM | DOMP | Lot Sqft | Yr Built | ||
| Min | $200,000 | 2 | 3 | 2 | 1 | 5 | 5 | 1,599 | 1986 | |
| Max | $340,000 | 4 | 4 | 3 | 2 | 211 | 352 | 3,485 | 1993 | |
| Avg | $258,374 | 3 | 4 | 2 | 1 | 50 | 84 | 1,923 | 1989 | |
| Status: WITHDRN (6) Decided To Wait Until Later | ||||||||||
| List Price | Bedrooms | Baths | FB | HB | DOMM | DOMP | Lot Sqft | Yr Built | ||
| Min | $225,000 | 3 | 3 | 2 | 1 | 84 | 84 | 1,599 | 1988 | |
| Max | $339,900 | 4 | 4 | 3 | 2 | 301 | 311 | 3,145 | 1994 | |
| Avg | $285,550 | 3 | 4 | 3 | 1 | 149 | 151 | 2,222 | 1990 | |
| Status:All (58) 58 Total Opportunities To Buy A Townhome In Westridge! | ||||||||||
| List Price | Bedrooms | Baths | FB | HB | DOMM | DOMP | Lot Sqft | Yr Built | ||
| Min | $191,900 | 2 | 3 | 2 | 0 | 2 | 5 | 1,599 | 1986 | |
| Max | $385,000 | 4 | 4 | 3 | 2 | 408 | 408 | 3,485 | 1996 | |
| Avg | $263,761 | 3 | 4 | 3 | 1 | 78 | 105 | 1,974 | 1989 |
In Westridge so far this year eight town homes were FORECLOSED and there have been a half dozen short sale town homes offered on the market so far. Many of the folks who were in distress, purchased these homes in after 2005 and did not have enough equity to sell. That's why they call them short sales. If you need more information on what a short sale is check out a recent post I wrote How to Buy or Sell a Short Sale
Take a look at what these Bank Owned Homes Listed For and Sold For. Also notice the Banks paid closing costs for the buyers. CLICK HERE
Westridge is a great place to live. I love it here. The people are friendly and the subdivision is beautiful and the amenities are awesome.
It's a very large mixed use community made up of single family homes, townhomes and condo's. It's sought after for it's overall design, and style of homes offered. I lived in Westridge, back in the late 1980's when it was first built. Back then I wanted to live here because it offered the newest homes with the best features, high ceilings, luxury baths, open foyers, family rooms that sprawled across the rear of the homes and lots from quarter acre to ten acres and the community was a sidewalk community. Long story short I was divorced in 1995 and I could no longer afford to live in Westridge. However, I moved back to Westridge in the height of the market in 2005. A home I'd always had my eye on, appeared on the market with a big flat fenced back yard and a master bedroom on the main level and my new husband and I snapped it up. You can see my home here. My home value has gone down like everyone elses. Realtors are not amune to such losses, that said,even if I had known the market was going to go down, I still would have made the same choice. Am I upset, sure, however I'm not planning a move anytime in the near future.When the time is right and the price is right we may sell in a few years. Until then, we are blessed and get to live in one of Westridges finest homes. Buying a home is about so much more. I always coach buyers to buy the best home they can afford where they want to live. Don't just buy because it's seems like a good deal!
So in closing, if you are one of those people out there who are looking to buy a home in Westridge let me know. I will set you up on a Immediate Notification List that will send you every new listing that hits the market in Westridge Subdivision in the Lake Ridge Virginia area. That way you will never miss an opportunity.Keep in mind we can customize a notification search for anywhere you want to live in the Prince William County Virginia area. That is just one of the things I can do to help relieve your stress load when searching for your dream home. Sign up today CLICK HERE
Got a question? Just type out a comment I'll be right with you.....
or just call me on my cell 703-851-3085
Contact Peggy James or Erick Blackwelder of Erick and Company/Exit 1st Choice Realty, Woodbridge VA. Realtors®, call 703-851-3085 (Peggy) or 703-590-2252 (Office) to list your property for sale or to purchase a property in Lake Ridge, Westridge, Old Bridge Estates, River Falls, Middle County, Manassas, Montclair, Dumfries, Occoquan, Dale City, Gainesville area's
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When the developers exhausted the land supply in Lake Ridge they bought a major tract just at the west end of Lake Ridge and voila - Westridge was born. The Springwoods section of Lake Ridge connects with Westridge without having to access Old Bridge Road. It is difficult to tell where one begins and the other ends.
Community Features
Commuting Options - this is why communities such as Westridge are so popular
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WESTRIDGE DETACHED HOME MARKET REPORT |
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**** HOMES FOR SALE **** |
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There are 5 homes available at an average asking price of $606,770
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**** HOMES SOLD AND SETTLED **** |
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YEAR-TO-DATE 2008 AS OF 10/29/2008 VERSUS TOTAL 2007 |
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2007 |
2008 |
+/- % |
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Number of Homes |
9 |
8 |
NA |
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Average List Price |
605,189 |
495,456 |
-18% |
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Average Sales Price |
588,100 |
468,750 |
-20% |
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Seller Contribution |
- 6,470 |
- 7,763 |
+20% |
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Net Sales Price |
581,630 |
459,987 |
-21% |
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Prepared By Karen Kruschka |
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We have lived in the Lake Ridge/Westridge/Old Bridge Estates area for 24 years and have been full time real estate brokers the entire time. If a home purchase is in your plans we'd appreciate it if you contact Karen and Art by Email or call us at 703-562-1532. Put our record of customer service, real estate experience and state-of-the-art technology to work for you in Alexandria, Arlington County, Fairfax County, Prince William County, Stafford County or the entire Northern Virginia Area.

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When the developers exhausted the land supply in Lake Ridge they bought a major tract just at the west end of Lake Ridge and voila - Westridge was born. The Springwoods section of Lake Ridge connects with Westridge without having to access Old Bridge Road. It is difficult to tell where one begins and the other ends.
Community Features
Commuting Options - this is why communities such as Westridge are so popular
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WESTRIDGE TOWN HOME MARKET REPORT |
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**** HOMES FOR SALE **** |
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There are 8 homes available at an average asking price of $275,848
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**** HOMES SOLD AND SETTLED **** |
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YEAR-TO-DATE 2008 AS OF 10/29/2008 VERSUS TOTAL 2007 |
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2007 |
2008 |
+/- % |
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Number of Homes |
33 |
35 |
NA |
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Average List Price |
338,664 |
259,777 |
-23% |
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Average Sales Price |
329,298 |
256,128 |
-22% |
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Seller Contribution |
- 9,095 |
- 6,473 |
-29% |
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Net Sales Price |
320,203 |
249,655 |
-22% |
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Prepared By Karen Kruschka |
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We have lived in the Lake Ridge/Westridge/Old Bridge Estates area for 24 years and have been full time real estate brokers the entire time. If a home purchase is in your plans we'd appreciate it if you contact Karen and Art by Email or call us at 703-562-1532. Put our record of customer service, real estate experience and state-of-the-art technology to work for you in Alexandria, Arlington County, Fairfax County, Prince William County, Stafford County or the entire Northern Virginia Area.

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When the developers exhausted the land supply in Lake Ridge they bought a major tract just at the west end of Lake Ridge and voila - Westridge was born. The Springwoods section of Lake Ridge connects with Westridge without having to access Old Bridge Road. It is difficult to tell where one begins and the other ends.
Community Features
Commuting Options - this is why communities such as Westridge are so popular
We have lived in the Lake Ridge/Westridge/Old Bridge Estates area for 24 years and have been full time real estate brokers the entire time. If a home purchase is in your plans we'd appreciate it if you contact Karen and Art by Email or call us at 703-562-1532. Put our record of customer service, real estate experience and state-of-the-art technology to work for you in Alexandria, Arlington County, Fairfax County, Prince William County, Stafford County or the entire Northern Virginia Area.

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Here are the year to date stats for the Westridge Subdivision located in the Lake Ridge Virginia area. According to MLS activity on town homes has been good this year. Over 31 town homes have SOLD this year alone, six single families have settled as well. There are not many homes available as we head into winter.For those of you relocating in our out of the area, timing is everything! Westridge is and has always been a sought after community in the Lake Ridge area. It's a wonderful mixed use community of Luxury Single Family Homes, Move-up Single Family Homes, Small Single Family Homes, Town homes Large and Small and Condominimums as well as an apartment complex called Windsor Apartments.
The community offers heavily treed quarter and half acre lota all with curb and gutter and sidewalks. Then there is the custom home section of Westridge located up off of Tilney Ct. All of these homes boast 1 -10 acre lots, all have public water and sewer! Westridge also boasts, five miles of black topped running trails as well as it's own community elementary school. A private lake, two swimming pools, a community activity center, tot lots and tennis courts. It's a gorgeous community located at the end of Lake Ridge off Old Bridge Rd. Turn right on Westridge Drive.
STATS AS OF 10/12/08
LET ME SHOW YOU HOW THE SINGLE FAMILY HOME STATS LOOK
| Status: ACTIVE (5) Currently Active | ||||||||||
| List Price | Bedrooms | Baths | FB | HB | DOMM | DOMP | Lot Sqft | Yr Built | ||
| Min | $269,500 | 3 | 3 | 2 | 1 | 46 | 46 | 9,514 | 1987 | |
| Max | $699,999 | 5 | 4 | 3 | 2 | 524 | 524 | 45,899 | 1989 | |
| Avg | $532,670 | 4 | 4 | 3 | 1 | 169 | 204 | 25,805 | 1988 | |
| Status: CONTRACT (1) Home Is Under Contract | ||||||||||
| List Price | Bedrooms | Baths | FB | HB | DOMM | DOMP | Lot Sqft | Yr Built | ||
| Min | $519,000 | 5 | 3 | 2 | 1 | 51 | 51 | 15,660 | 1987 | |
| Max | $519,000 | 5 | 3 | 2 | 1 | 51 | 51 | 15,660 | 1987 | |
| Avg | $519,000 | 5 | 3 | 2 | 1 | 51 | 51 | 15,660 | 1987 | |
| Status: SOLD (6) Have Sold This Year | ||||||||||
| List Price | Bedrooms | Baths | FB | HB | DOMM | DOMP | Lot Sqft | Yr Built | ||
| Min | $385,000 | 3 | 3 | 2 | 1 | 26 | 64 | 11,112 | 1987 | |
| Max | $684,950 | 5 | 4 | 3 | 2 | 296 | 296 | 23,283 | 1988 | |
| Avg | $499,958 | 4 | 4 | 3 | 1 | 117 | 147 | 15,952 | 1988 | |
| Status: All (12) | ||||||||||
| List Price | Bedrooms | Baths | FB | HB | DOMM | DOMP | Lot Sqft | Yr Built | ||
| Min | $269,500 | 3 | 3 | 2 | 1 | 26 | 46 | 9,514 | 1987 | |
| Max | $699,999 | 5 | 4 | 3 | 2 | 524 | 524 | 45,899 | 1989 | |
| Avg | $515,175 | 4 | 4 | 3 | 1 | 133 | 163 | 20,033 | 1988 | |
Take a look at the single family homes noted in stats above CLICK HERE
LET ME SHOW YOU HOW THE TOWN HOME'S ARE DOING
| Status: ACTIVE (10) Townhomes Currently Active | ||||||||||
| List Price | Bedrooms | Baths | FB | HB | DOMM | DOMP | Lot Sqft | Yr Built | ||
| Min | $150,000 | 3 | 3 | 2 | 0 | 0 | 4 | 1,599 | 1987 | |
| Max | $315,000 | 4 | 4 | 3 | 2 | 273 | 273 | 2,853 | 1989 | |
| Avg | $252,957 | 3 | 4 | 3 | 1 | 59 | 88 | 1,912 | 1988 | |
| Status: CNTG/NO KO (4) Townhomes Are Under Contract Awaiting Inspections | ||||||||||
| List Price | Bedrooms | Baths | FB | HB | DOMM | DOMP | Lot Sqft | Yr Built | ||
| Min | $216,000 | 3 | 4 | 2 | 1 | 14 | 14 | 1,599 | 1987 | |
| Max | $265,000 | 4 | 4 | 3 | 2 | 52 | 52 | 2,810 | 1989 | |
| Avg | $241,250 | 4 | 4 | 3 | 1 | 29 | 32 | 1,928 | 1988 | |
| Status: CONTRACT (2) Townhomes Heading To Settlement | ||||||||||
| List Price | Bedrooms | Baths | FB | HB | DOMM | DOMP | Lot Sqft | Yr Built | ||
| Min | $279,900 | 3 | 4 | 3 | 1 | 94 | 152 | 1,760 | 1987 | |
| Max | $285,000 | 4 | 4 | 3 | 1 | 152 | 352 | 1,760 | 1988 | |
| Avg | $282,450 | 4 | 4 | 3 | 1 | 123 | 252 | 1,760 | 1988 | |
| Status: SOLD (31) Townhomes Have SOLD This Year In Westridge! | ||||||||||
| List Price | Bedrooms | Baths | FB | HB | DOMM | DOMP | Lot Sqft | Yr Built | ||
| Min | $181,900 | 2 | 3 | 2 | 1 | 2 | 2 | 1,599 | 1986 | |
| Max | $340,000 | 4 | 4 | 3 | 2 | 211 | 311 | 3,485 | 1993 | |
| Avg | $256,656 | 3 | 4 | 2 | 1 | 49 | 77 | 1,953 | 1989 | |
| Status: All (47) **Note I did not include Expired Listings-Those That Did Not Sell | ||||||||||
| List Price | Bedrooms | Baths | FB | HB | DOMM | DOMP | Lot Sqft | Yr Built | ||
| Min | $150,000 | 2 | 3 | 2 | 0 | 0 | 2 | 1,599 | 1986 | |
| Max | $340,000 | 4 | 4 | 3 | 2 | 273 | 352 | 3,485 | 1993 | |
| Avg | $255,656 | 3 | 4 | 3 | 1 | 53 | 83 | 1,938 | 1988 | |
Here is a link to all 47 Town homes that have come on the market this year. CLICK HERE.
If you are thinking of Buying or Selling in Westridge, give me a call. I know the community well and can assist you with your real estate needs. Remember it's doesn't cost you a penny more to work with a Top Producing Real Estate Team.
CALL ME TODAY at 703-851-3085
Contact Peggy James or Erick Blackwelder of Erick and Company/Exit 1st Choice Realty, Woodbridge VA. Realtors®, call 703-851-3085 (Peggy) or 703-590-2252 (Office) to list your property for sale or to purchase a property in Lake Ridge, Westridge, Old Bridge Estates, River Falls, Middle County, Manassas, Montclair, Dumfries, Occoquan, Dale City, Gainesville area's

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