Penderbrook Homes Sales Weekly Report 7/17/09-7/30/09

My PenderbrookHome.com

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

INTRODUCTION

We had 2 condos and 1 TH in the Wedgeway community sell this past week. $310,00 for a TH is not bad. Buyers are all over this area as it priced perfectly for first time home buyers.

We have 18 homes under contract and 23 more on the market ! Penderbrook continues to stay hot.

In June of this year we sold 14 homes in Penderbrook. Last year at this time only 2 homes have sold! Look at the graph below to see how well 2009 is outperforming 2008. Now is the time to buy and sell !

Contact me

As of today (July 30, 2009 11 AM) there are 23 active homes in Penderbrook and 18 homes that are currently under contract and 9 homes that have sold in the last 30 days.

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

Townhomes- 8 active

4 regular sales , 2 bank owned , 2 short sales

Condos - 15 active

1 bedroom condos - 6

2 bedroom condos - 7

3 bedroom condos - 2

Heights at Penderbrook (Condo/Townhome) - 6 condos ( 3 regular, 2 bank owned,1 short sales)
Penderbrook Square (Condos)- 9 condos (2 regular, 3 short sale, 4 bank owned)


NEW LISTINGS

According to MLS, there were 4 new listings this week.


UNDER CONTRACT

According to MLS, there are 10 Condos and 8 townhomes under contract.

Condos





Townhomes

I will have the final numbers for these once they close


SOLD

According to MLS, 9 homes have sold in the last 30 days .

Click below for Penderbrook Home Sales for 2009
More Than 30 Days ago



22033

These stats are for all real estate in the 22033 zip code for the Month of May


Penderbrook Home Sales 2008 vs. 2009

Fairfax Condos Sold for 2007 vs. 2008




Fairfax Townhomes Sold for 2007 vs 2008




EXPIRED or WITHDRAWN

There has been 1 listings that have been taken off the market in the last 30 days.


RENTALS

There is currently 4 townhomes for rent and 8 condos

4 townhomes and 8 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

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

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Home Sales By The Month

Click on the picture to see it more clearly.

2009 has more home sales so far then 2008.

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Home Sales Surge, Raising Hope That Sector Is Recovering

Home Sales Surge, Raising Hope That Sector Is Recovering
By Dina ElBoghdady and Renae Merle
Washington Post Staff Writers
Tuesday, July 28, 2009

More homes sold more quickly in the Washington area during the second quarter than in the period a year ago, while home prices showed some signs of stabilizing, according to a real estate industry! study scheduled for release Tuesday.

The local trend jibes with some national statistics released by the federal government Monday, which show that sales of newly built homes surged 11 percent in June from the previous month, the largest monthly gain in nine years. Sales of previously owned homes also jumped 3.6 percent in June, the third-straight month of increase, according to industry data released Thursday.

The pickup in sales regionally and nationally is most likely driven by buyers rushing to take advantage of record-low interest rates, a newly enacted temporary tax credit for first-time home buyers, and the rock-bottom prices in areas hit hard by foreclosures.

The data have sparked hopes that the housing sector may soon stop dragging down the U.S. economy. But even as sales volume soars, the housing market is nowhere near healthy and home prices continue to fall nationally and locally, analysts said.

"This is a really lousy market,"! said Patrick Newport, an economist with IHS Global Insight. "The sales are growing in part because prices are dropping, but the sales are still near all-time lows."

In the Washington area, quarterly prices remained lower than they were during the comparable period last year, according to a study scheduled for release Tuesday by research firm Delta Associates and the local Multiple Listing Service.

The average home price dropped 8.7 percent in the region's "core" area -- the District, Arlington and Alexandria. It fell 14.8 percent in the close-in suburbs of Fairfax, Montgomery and Prince George's counties, and Falls Church and Fairfax cities. The outer suburbs -- Prince William, Loudoun and Frederick counties -- experienced the steepest price drop, 15.7 percent, because they have been hit hardest by aggressively priced foreclosures.

The report also concluded that there are some signs of strength in area prices. Last year, prices were flat from the first quarter to the second quarter, said Ann Marchand Thom! pson, a senior associate at Delta Associates. This year, prices jumped 12 percent from quarter to quarter.

"So last year, we saw lots of volume but prices were stagnant," she said. "This year, there's increased volume and increased prices. This shows signs of a recovery."

Also, second-quarter prices in most local jurisdictions rose from the first quarter to the second quarter, another bright spot, according to the report. The area's average price was $382,515 in the quarter, up 12.1 percent from the previous quarter but down 13.2 percent from the corresponding period last year.

The local report is based on data from the Metropolitan Regional Information Systems, the local listing service where real estate agents market homes for sale. It does not include yet-to-be listed foreclosures, homes for sale by owners and other types of homes for sale. But it offers a reliable representation of market averages, the study's authors said.

Th! e national statistics are based on a monthly report from the Commerce Department, which showed that median new home prices fell about 12 percent in June to $206,200 compared with June 2008. The same report showed that sales of new homes rose 11 percent in June from the previous month to an annualized rate of 384,000. That was far better than the 2 percent increase analysts were expecting, but sales were still down 21.3 percent compared with the corresponding period last year.

But new homes are languishing on the market. The median time that a new home sits on the market before selling rose to an all-time high of 11.8 months nationally, said Newport, the IHS Global Insight Analyst.

Locally, homes sold on average in 93 days during the quarter, down from 110 days in the previous quarter and 103 days a year ago, the study says. Homes are selling the fastest in the District, Arlington and Alexandria. They are selling the slowest in the inner suburbs of Fairfax, Montgomery and Prince George's counties, and Falls Church and Fairfax cities! .

Meanwhile, the volume of sales in the region increased 7 percent from a year ago, jumping most sharply in foreclosure-plagued areas in the outlying suburbs

The rise in sales is helping clear out the excess supply of homes in the area, another key to helping turn around the housing market.

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The State of Penderbrook

My PenderbrookHome.com

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

The State of Penderbrook:

Ok the numbers are out for the first half of the year! January 1, 2009 - June 30, 2009. Penderbrook is thriving this year! and definitely one of the top Fairfax places to live.

With the first half of 2009 behind us, the Penderbrook real estate market continues to increase each month. According to the MLS, during the first 6 months of 2009 there were 42 residential homes sold. The lowest priced home in Penderbrook sold this year, sold for $125,900. The highest priced Penderbrook home sold for $472,000. The average Penderbrook community home sold for $293,395 and the combined sales volume for all 42 homes sold during the first 6 months totaled $12,322,625.

Last year during the first 6 months, 25 homes successfully sold. This year 42 homes sold in Penderbrook, 17 more than last year.


View available Penderbrook homes for sale

Keep checking back each Thursday for weekly updates on Penderbrook.

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Penderbrook Homes Sales Weekly Report 7/10/09-7/16/09

My PenderbrookHome.com

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

INTRODUCTION

We had one closing this past week and 1 new listing coming on the market.

Contact me

As of today (July 16, 2009 11 AM) there are 22 active homes in Penderbrook and 20 homes that are currently under contract and 12 homes that have sold in the last 30 days.

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

Townhomes- 9 active

5 regular sales , 2 bank owned , 2 short sales

Condos - 13 active

1 bedroom condos - 6

2 bedroom condos - 6

3 bedroom condos - 1

Heights at Penderbrook (Condo/Townhome) - 4 condos ( 2 regular, 1 bank owned,1 short sales)
Penderbrook Square (Condos)- 9 condos (3 regular, 4 short sale, 2 bank owned)


NEW LISTINGS

According to MLS, there were 1 new listings this week.


UNDER CONTRACT

According to MLS, there are 12 Condos and 8 townhomes under contract.

Condos

Townhomes

I will have the final numbers for these once they close


SOLD

According to MLS, 13 homes have sold in the last 30 days .

12108 GREENWAY CT #101, 3bd/2ba (251 DOMP) - Bank Owned

Asking Price - $249,900

Sales Price - $185,900

Seller Subsidy - $0

3921 Penderview Dr #1836 - 1bd/1ba (232 DOMP) Short Sale

Asking Price -$155,000
Sales Price - $155,000
Seller Subsidy - $5000

12110 Green Leaf Ct #201 -3bd/2ba (240 DOMP) Bank Owned

Asking Price - $224,900
Sales Price - $210,000
Seller Subsidy - $0

12104 Greenway Ct #201 - 2bd/2ba (85 DOMP) Regular Sale

Asking Price - $229,900
Sales Price - $225,000
Seller Subsidy - $5,000

12012 Golf Ridge Ct. # 301 - 3bd/2ba (7 DOMP) Regular Sale

Asking Price - $249,900
Sales Price - $240,000
Seller Subsidy - $0

3805 Ridge Knoll Ct #10B - 2bd/3ba (0 DOMP) Regular Sale

Asking Price - $275,000
Sales Price - $269,000
Seller Subsidy - $0

12129 Wedgeway Ct - 2bd/4ba (2 DOMP) Regular Sale

Asking Price - $324,990
Sales Price - $324,990
Seller Subsidy - $3,000

11702 Valley Ridge Cir - 3bd/ 4ba (57 DOMP) Regular Sale

Asking Price - $429,900
Sales Price - $410,000
Seller Subsidy - $3,500

3920 Valley Ridge Dr - 3bd/4ba (502 DOMP) Regular Sale

Asking Price - $439,900
Sales Price - $400,000
Seller Subsidy - $5,000

11906 Matthews Ct - 3bd/4ba (86 DOMP) Regular Sale

Asking Price - $438,000
Sales Price - $435,000
Seller Subsidy - $5,000

3931 Clares Ct - 3bd/4ba (31 DOMP) Regular Sale

Asking Price - $449,900
Sales Price - $435,000
Seller Subsidy - $0

3803 Inverness Rd -3bd/4ba (6 DOMP) Regular Sale

Asking Price - $475,000
Sales Price - $472,600
Seller Subsidy - $4,000

12165 Penderview Ter #100 - 1bd/1ba (487 DOMP) Regular Sale

Asking Price - $215,000
Sales Price - $160,000
Seller Subsidy - $0


Click below for Penderbrook Home Sales for 2009
More Than 30 Days ago



22033

These stats are for all real estate in the 22033 zip code for the Month of May

Penderbrook Home Sales 2008 vs. 2009




Fairfax Condos Sold for 2007 vs. 2008




Fairfax Townhomes Sold for 2007 vs 2008




EXPIRED or WITHDRAWN

There has been 1 listings that have been taken off the market in the last 30 days.


RENTALS

There is currently 2 townhomes for rent and 11 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.


OBSERVATIONS

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

Read More

Penderbrook Homes Sales Weekly Report 07/02/09 - 07/09/09

MyPenderbrookHome.com

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

INTRODUCTION

No change at all this week in Penderbrook.

Contact me

As of today (July 9, 2009 11 AM) there are 22 active homes in Penderbrook and 21 homes that are currently under contract and 12 homes that have sold in the last 30 days.

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

Townhomes- 8 active

4 regular sales , 2 bank owned , 2 short sales

Condos - 14 active

1 bedroom condos - 6

2 bedroom condos - 7

3 bedroom condos - 1

Heights at Penderbrook (Condo/Townhome) - 3 condos ( 3 regular, 1 short sales)
Penderbrook Square (Condos)- 9 condos (3 regular, 4 short sale)


NEW LISTINGS

According to MLS, there were 3 new listings this week.


UNDER CONTRACT

According to MLS, there are 13 Condos and 8 townhomes under contract.

Condos

12163 Penderview #1022 - 1bd/1ba (0 DOMP)
12155 Penderview Ter #822 - 1bd/1ba (66 DOMP)
3903 Penderview Dr #1506 - 1bd/1ba (59 DOMP)
12158 Penderview Ter #1137 - 1bd/1ba (32 DOMP)
3904 Penderview Dr #735 -1bd/1ba (15 DOMP)
3911 Penderview Dr #1905 - 2bd/1ba (51 DOMP)
3807 Green Ridge Ct #102 -3bd/2ba (6 DOMP)
12108 Greenway Ct #101 - 3bd/2ba - (251 DOMP)
12023 Golf Ridge Ct #101 - 2bd/2ba (0 DOMP)
3909 Penderview Dr #1924 -2bd/1ba (107 DOMP)
12115 Greenway Ct #101 -2bd/2ba (56 DOMP)
12103 Green Ledge Ct #201 -3bd/2ba (263 DOMP)
3800 Green Ridge Ct #302 - 2bd/2ba (10 DOMP)


Townhomes

12112 Wedgeway Pl - 2bd/4ba (6 DOMP)
12138 Wedgeway Ct - 2bd/4ba (15 DOMP)
12118 Wedgeway Pl - 3bd/3ba (4 DOMP)
12102 Wedgeway Ct - 2bd/4ba (9 DOMP)
11728 Valley Ridge Cir - 4bd/4ba (40 DOMP)
3947 Clares Ct - 3bd/4ba (68 DOMP)
11791 Valley Ridge Cir - 3bd/4ba (3 DOMP)
3810 Inverness Rd - 3bd/4ba (84 DOMP)


I will have the final numbers for these once they close


SOLD

According to MLS, 12 homes have sold in the last 30 days .

3921 Penderview Dr #1836 - 1bd/1ba (232 DOMP) Short Sale

Asking Price -$155,000
Sales Price - $155,000
Seller Subsidy - $5000

12110 Green Leaf Ct #201 -3bd/2ba (240 DOMP) Bank Owned

Asking Price - $224,900
Sales Price - $210,000
Seller Subsidy - $0

12104 Greenway Ct #201 - 2bd/2ba (85 DOMP) Regular Sale

Asking Price - $229,900
Sales Price - $225,000
Seller Subsidy - $5,000

12012 Golf Ridge Ct. # 301 - 3bd/2ba (7 DOMP) Regular Sale

Asking Price - $249,900
Sales Price - $240,000
Seller Subsidy - $0

3805 Ridge Knoll Ct #10B - 2bd/3ba (0 DOMP) Regular Sale

Asking Price - $275,000
Sales Price - $269,000
Seller Subsidy - $0

12129 Wedgeway Ct - 2bd/4ba (2 DOMP) Regular Sale

Asking Price - $324,990
Sales Price - $324,990
Seller Subsidy - $3,000

11702 Valley Ridge Cir - 3bd/ 4ba (57 DOMP) Regular Sale

Asking Price - $429,900
Sales Price - $410,000
Seller Subsidy - $3,500

3920 Valley Ridge Dr - 3bd/4ba (502 DOMP) Regular Sale

Asking Price - $439,900
Sales Price - $400,000
Seller Subsidy - $5,000

11906 Matthews Ct - 3bd/4ba (86 DOMP) Regular Sale

Asking Price - $438,000
Sales Price - $435,000
Seller Subsidy - $5,000

3931 Clares Ct - 3bd/4ba (31 DOMP) Regular Sale

Asking Price - $449,900
Sales Price - $435,000
Seller Subsidy - $0

3803 Inverness Rd -3bd/4ba (6 DOMP) Regular Sale

Asking Price - $475,000
Sales Price - $472,600
Seller Subsidy - $4,000

12165 Penderview Ter #100 - 1bd/1ba (487 DOMP) Regular Sale

Asking Price - $215,000
Sales Price - $160,000
Seller Subsidy - $0


Click below for Penderbrook Home Sales for 2009
More Than 30 Days ago



22033


These stats are for all real estate in the 22033 zip code for the Month of May



Penderbrook Home Sales 2008 vs. 2009




Fairfax Condos Sold for 2007 vs. 2008




Fairfax Townhomes Sold for 2007 vs 2008




EXPIRED or WITHDRAWN

There has been 1 listings that have been taken off the market in the last 30 days.


RENTALS

There is currently 4 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.


OBSERVATIONS

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

Read More

Penderbrook Homes Sales Weekly Report 06/25/09 - 07/02/09

MyPenderbrookHome.com

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

INTRODUCTION

We had 9 homes close in the last 2 weeks and 12 in the last 30 days. Its the end of the month so this typically is when more homes close. Check out the numbers below. 5 TH and 4 condos. Only 1 short sale and 1 bank owned property. So that is good for the Penderbrook Community. Regular sales are dominating this market, which is much better for home values.

Remember each home is different and we know this community very well. If you are thinking about putting your home on the market, contact us first for a free consultation. You owe it to yourself, to get the most money for your home.

Contact me

As of today (July 2, 2009 11 AM) there are 21 active homes in Penderbrook and 21 homes that are currently under contract and 12 homes that have sold in the last 30 days.

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

Townhomes- 8 active

4 regular sales , 2 bank owned , 2 short sales

Condos - 13 active

1 bedroom condos - 4

2 bedroom condos - 8

3 bedroom condos - 1

Heights at Penderbrook (Condo/Townhome) - 6 condos ( 3 regular, 2 short sales. 1 bank owned)
Penderbrook Square (Condos)- 7 condos (3 regular, 4 short sale)


NEW LISTINGS

According to MLS, there were 2 new listings this week.


UNDER CONTRACT

According to MLS, there are 14 Condos and 7 townhomes under contract.

Condos

12163 Penderview #1022 - 1bd/1ba (0 DOMP)
3921 Penderview Dr #1806 - 1bd/1ba (232 DOMP)
12155 Penderview Ter #822 - 1bd/1ba (66 DOMP)
3903 Penderview Dr #1506 - 1bd/1ba (59 DOMP)
12158 Penderview Ter #1137 - 1bd/1ba (32 DOMP)
3904 Penderview Dr #735 -1bd/1ba (15 DOMP)
3911 Penderview Dr #1905 - 2bd/1ba (51 DOMP)
3807 Green Ridge Ct #102 -3bd/2ba (6 DOMP)
12108 Greenway Ct #101 - 3bd/2ba - (251 DOMP)
12023 Golf Ridge Ct #101 - 2bd/2ba (0 DOMP)
3909 Penderview Dr #1924 -2bd/1ba (107 DOMP)
12115 Greenway Ct #101 -2bd/2ba (56 DOMP)
12103 Green Ledge Ct #201 -3bd/2ba (263 DOMP)
3800 Green Ridge Ct #302 - 2bd/2ba (10 DOMP)


Townhomes

12112 Wedgeway Pl - 2bd/4ba (6 DOMP)
12138 Wedgeway Ct - 2bd/4ba (15 DOMP)
12118 Wedgeway Pl - 3bd/3ba (4 DOMP)
12102 Wedgeway Ct - 2bd/4ba (9 DOMP)
11728 Valley Ridge Cir - 4bd/4ba (40 DOMP)
3947 Clares Ct - 3bd/4ba (68 DOMP)
11791 Valley Ridge Cir - 3bd/4ba (3 DOMP)

I will have the final numbers for these once they close


SOLD

According to MLS, 12 homes have sold in the last 30 days .

3921 Penderview Dr #1836 - 1bd/1ba (0 DOMP) Short Sale

Asking Price -$155,000
Sales Price - $155,000
Seller Subsidy - $5000

12165 Penderview Ter #100 - 1bd/1ba (487 DOMP) Regular Sale

Asking Price - $215,000
Sales Price - $160,000
Seller Subsidy - $0

12110 Green Leaf Ct #201 -3bd/2ba (240 DOMP) Bank Owned

Asking Price - $224,900
Sales Price - $210,000
Seller Subsidy - $0

12104 Greenway Ct #201 - 2bd/2ba (85 DOMP) Regular Sale

Asking Price - $229,900
Sales Price - $225,000
Seller Subsidy - $5,000

12012 Golf Ridge Ct. # 301 - 3bd/2ba (7 DOMP) Regular Sale

Asking Price - $249,900
Sales Price - $240,000
Seller Subsidy - $0

3805 Ridge Knoll Ct #10B - 2bd/3ba (0 DOMP) Regular Sale

Asking Price - $275,000
Sales Price - $269,000
Seller Subsidy - $0

12129 Wedgeway Ct - 2bd/4ba (2 DOMP) Regular Sale

Asking Price - $324,990
Sales Price - $324,990
Seller Subsidy - $3,000

11702 Valley Ridge Cir - 3bd/ 4ba (57 DOMP) Regular Sale

Asking Price - $429,900
Sales Price - $410,000
Seller Subsidy - $3,500

3920 Valley Ridge Dr - 3bd/4ba (502 DOMP) Regular Sale

Asking Price - $439,900
Sales Price - $400,000
Seller Subsidy - $5,000

11906 Matthews Ct - 3bd/4ba (86 DOMP) Regular Sale

Asking Price - $438,000
Sales Price - $435,000
Seller Subsidy - $5,000

3931 Clares Ct - 3bd/4ba (31 DOMP) Regular Sale

Asking Price - $449,900
Sales Price - $435,000
Seller Subsidy - $0

3803 Inverness Rd -3bd/4ba (6 DOMP) Regular Sale

Asking Price - $475,000
Sales Price - $472,600
Seller Subsidy - $4,000



Click below for Penderbrook Home Sales for 2009
More Than 30 Days ago



22033
These stats are for all real estate in the 22033 zip code for the Month of May

Penderbrook Home Sales 2008 vs. 2009




Fairfax Condos Sold for 2007 vs. 2008




Fairfax Townhomes Sold for 2007 vs 2008




EXPIRED or WITHDRAWN

There has been 1 listings that have been taken off the market in the last 30 days.


RENTALS

There is currently 4 townhomes for rent and 5 condos

2 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.


OBSERVATIONS

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

Read More