Penderbrook Homes Weekly Report 3/06/09-3/12/09

MyPenderbrookHome.com

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

INTRODUCTION

Penderbrook continues to lead the area in home sales and in homes with a contract. Look at the movement over the past 2 weeks. Read the observations below...

As of today (March 12, 2009 11 AM) there are 27 active homes in Penderbrook and 13 homes that are currently under contract and 7 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 - 21 active

1 bedroom condos - 9

2 bedroom condos - 8

3 bedroom condos - 4

Heights at Penderbrook (Condo/Townhome) - 9 condos ( 3 regular, 3 bank owned, 3 short sales)
Penderbrook Square (Condos)- 12 condos (3 regular, 4 short sale, 5 bank owned)


NEW LISTINGS

According to MLS, there was 2 new listing this week.


UNDER CONTRACT

According to MLS, there are 5 Condos and 8 townhomes under contract.

Condos
3916 Penderview Dr #425 (0 DOMP)
3800 Green Ridge Ct #302 (64 DOMP)
12102 Green Ledge Ct #302 (88 DOMP)
12008 Ridge Knoll Dr #2 (7 DOMP)
3805 Ridge Knoll Ct #10B (0 DOMP)
12101 Green Leaf Ct #302 (165 DOMP)
12116 Greenway Ct #101 (133 DOMP)

12004 Golf Ridge Ct #302 (20 DOMP) Back on the market

Townhomes
12104 Wedgeway Ct (444 DOMP)
12113 Wedgeway Ct (11 DOMP)
3951 Kathryn Jean Ct (7 DOMP)
12017 Lisa Marie Ct (0 DOMP)
12145 Wedgeway Pl (51 DOMP)


3942 Kathryn Jean Ct (54 DOMP) Taken off the market
3910 Valley Ridge Dr (142 DOMP) Short Sale taken off the market
3784 Inverness Rd (39 DOMP) Now off the market

I will have the final numbers for these once they close


SOLD

According to MLS, 7 homes have sold in the last 30 days .

12115 Wedgeway Pl (45 DOMP) Regular Sale - 2bd/4ba TH

Asking Price - $309,900
Sales Price - $305,500
Seller Subsidy - $933

3916 Green Look Ct (29 DOMP) Regular Sale - 3bd/4ba TH

Asking Price - $432,000
Sales Price - $425,000
Seller Subsidy - $10,000

12110 Green Leaf Ct #301 (141 DOMP) Bank Owned - 3bd/2ba Condo

Asking Price - $259,000
Sales Price - $210,000
Seller Subsidy - $12,600

11787 Valley Ridge Cir (92 DOMP) Regular Sale - 3bd/4ba TH

Asking Price - $477,000
Sales Price - $410,00
Seller Subsidy - $8,000

3909 Penderview Dr #1901 (185 DOMP) Short Sale - 2bd/2ba Condo

Asking Price - $249,900
Sales Price - $218,000
Seller Subsidy - $5,000

12159 Wedgeway Plv (39 DOMP) 3bd/4ba TH - Regular Sale

List Price - $317,000
Sales Price - $305,000
Seller Subsidy - $3,000

12100 Wedgeway Pl (139 DOMP) - Bank Owned - 2bd/4ba TH

Asking Price - $373,000
Sales Price - $277,500
Seller Subsidy - $8,250

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) Bank Owned

Asking Price - $309,900 / Sales Price - $310,100 / Seller Subidy - $ 0


22033

These stats are for all real estate in the 22033 zip code for the Month of January 2009
2009 2008 % Change
Total Sold $ Volume $8,645,400 $10,605,650-18.4%
Avg. Sold Price$375,887 $407,910 -7.8%
Median Sold Price $335,000 $365,000-8.2%
Total Units Sold 2326 -11.5%
Avg. Days on Market85105 -19%
Avg. List Price for Solds: $413,327 $438,460 -5.7%
Avg. Sale Price as a percentage of Avg. List Price: 90.94% 93.03%


Fairfax Condos Sold for 2007 vs. 2008




Fairfax Townhomes Sold for 2007 vs 2008




EXPIRED or WITHDRAWN

There has been 4 listings that have been taken off the market in the last 30 days.


RENTALS

There is currently 1 townhomes for rent and 12 condos

1 townhomes and 2 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

Nothing spectactular happened this past week. One TH closed and the numbers are posted. Most of those homes under contract should close by the end of the month.

There are still a few great opportunities to own here at Penderbrook. There are a few regular sales and these owners will be willing to negotiate. Contact us to help you negotiate the best price possible for you.

If you are thining about buying in the next 3 moths 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.