Penderbrook Weekly Report 12/11/2008 - 12/17/2008


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)


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


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

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

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


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

These stats are for all real estate in the 22033 zip code for the Month of November
2008 2007 % Change
Total Sold $ Volume $11,624,023 $19,439,225-40.2%
Avg. Sold Price$387,467 $431,983 -10.3%
Median Sold Price $362,500 $420,000-13.7%
Total Units Sold 3045 -33.3%
Avg. Days on Market7069 -1.4%
Avg. List Price for Solds: $407,368 $466,933 -12.8%
Avg. Sale Price as a percentage of Avg. List Price: 95.11% 92.51%

Fairfax Condos Sold for 2007 vs. 2008

Fairfax Townhomes Sold for 2007 vs 2008


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


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.


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.