Penderbrook Homes Weekly Report 1/23/09-1/29/09

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


We had some interesting movement this past week in Penderbrook. Read my obversations at the bottom of this post for all the info.

As of today (January 29, 2009 11 AM) there are 29 active homes in Penderbrook and 9 homes that are currently under contract and 0 homes that have sold in the last 30 days.

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

Townhomes- 7 active

5 regular sales , 2 bank owned

Condos - 22 active

Heights at Penderbrook (Condo/Townhome) - 10 condos ( 4 regular, 4 bank owned, 2 short sales)
Penderbrook Square (Condos)- 12 condos (5 regular, 4 short sale, 3 bank owned)


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


According to MLS, there are 2 Condos and 7 townhomes under contract.

12110 Green Leaf Ct #301 (141 DOMP)
3800 Green Ridge Ct #302 (0 DOMP)

12100 Wedgeway Pl (139 DOMP)
12000 Lisa Marie Ct (12 DOMP)
3942 Kathryn Jean Ct (54 DOMP)
3910 Valley Ridge Dr (142 DOMP)
12113 Wedgeway Ct (62 DOMP)
3784 Inverness Rd (39 DOMP)
12159 Wedgeway Plv (39 DOMP)

I will have the final numbers for these once they close


According to MLS, 0 homes have sold in the last 30 days .

More Than 30 Days ago

-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

-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 December
2008 2007 % Change
Total Sold $ Volume $11,625,825 $14,391,987-19.2%
Avg. Sold Price$400,891 $423,294 -5.2%
Median Sold Price $319,900 $4410,000-21.9%
Total Units Sold 2934 -14.7%
Avg. Days on Market11289 25.8%
Avg. List Price for Solds: $461,292 $454,655 1.4%
Avg. Sale Price as a percentage of Avg. List Price: 86.91% 93.10%

Fairfax Condos Sold for 2007 vs. 2008

Fairfax Townhomes Sold for 2007 vs 2008


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


There is currently 1 townhomes for rent and 6 condos

3 townhomes and 3 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.


Ok so we had 5 homes go under contract this week. One short sale that was under contract came back on the market.

Lets look at what went under contract. 3 bank owned properties that were priced to go. 2 regular sales that were way overpriced. These overpriced listings will not sell for how much they are going for. We will have the final numbers once they close.

There are a couple good deals out there in Penderbrook and I am working with at least 3 buyers now and possibly a 4th to buy in Penderbrook.

There are still a lot of short sales that are not approved by the bank. These can waste your time and you can miss out on your home if you wait for one. I suggest asking us first to see if it is worth your time. We can find out a lot of info on the property to see if it can close in less than 2 months or not. And even then, short sales can sometimes get dragged along without anything we can do. We are just at the mercy of the banks and if they are willing to sell at that price.

We would be honored to work with you to sell your home or help you buy. Our job is to serve you and meet your needs. We would not get so many referrals as we do if we screwed over our clients. We have your interest at mind and are here to guide you and give you advice.

Contact us today !

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.