Penderbrook Weekly Report 12/31/08-1/08/09

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


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)


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


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


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


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


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


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.


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.