Relevant Real Estate Information for the Penderbrook Community of Townhomes and Condos in Fairfax, VA
INTRODUCTION
I think its funny that a for sale by owner property came on the market here in Penderbrook this past week. And its definitly priced over 75k over what the market is asking for it. I guarantee that will be on the market for a couple years at that price. There was one more TH that came on the market this week. That is probably also just slightly to high for this market. In all there are 8 TH on the market about half are at fair prices.
As of today (January 8, 2009 10 AM) there are 29 active homes in Penderbrook and 6 homes that are currently under contract and 2 homes that have sold in the last 30 days.
Here’s the breakdown of all active listings in MLS:
Townhomes- 8 active
5 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 2 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, 2 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
More Than 30 Days ago
-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
22033
| 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 | 29 | 34 | -14.7% |
| Avg. Days on Market | 112 | 89 | 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
EXPIRED or WITHDRAWN
There has been 5 listings that have been taken off the market in the last 30 days.
RENTALS
There is currently 1 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
Condos are getting trickier to sell here. Make sure you have a good agent ! 15 of the current 20 condos for sale have been on the market for 100 days. Some more than 200 !
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.
