Penderbrook

This Month in Real Estate - May 2010

This Month in Real Estate - May 2010
3 minute video

The home buyers tax credit is over!  now what?



Penderbrook Townhomes and Condos Weekly Sales Report for 5/6/10 - 5/13/10 Homes For Sale

MyPenderbrookHome.com 

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

INTRODUCTION

We are seeing the market slow for a bit right now.  This is because the tax credit is gone.  We are not seeing as much activity on current homes on the market.  Look for prices to stay steady here for the rest of the year unless they bring the tax credit back. 

Want to know what this means for you as a buyer or seller ?   Contact me

We just got another short sale approved !  3 months it took.  Check out the info here

 
If you are thinking about buying or selling in the next 3 months.  Contact me


As of today (May 13, 2010, 8 PM) there are 34 active homes in Penderbrook and 15 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- 6 active -

Condos - 28 active
1 bedroom condos -3
2 bedroom condos - 21
3 bedroom condos -4

Heights at Penderbrook (Condo/Townhome) - 13
Penderbrook Square (Condos/Townhomes)- 21

NEW LISTINGS
According to MLS, there is 2 new listings this week.


UNDER CONTRACT
According to MLS, there are 14 Condos and 1 townhomes under contract.


I will have the final numbers for these once they close

SOLD in last 30 days

According to MLS, 2 homes have sold in the last 30 days


Condominiums

12151 Penderview Ln #2027 - 1bd/1ba -(638 DOMP) Short Sale - (Took 9 months to close)
Asking Price - $135,000 - Sales price - $140,000 - Seller Subsidy - $2,000


3808 Green Ridge Ct #302 - 2bd/2ba (9 DOMP) Regular Sale
Asking Price - $270,000 - Sales price - $270,000 - Seller Subsidy - $5,000

Townhomes


SOLD over 30 days ago

12161 Wedgeway Pl - 2bd/4ba - (4 DOMP) Regular Sale12160 Penderview Ln #1738 - 2bd/2ba - (24 DOMP) Regular Sale

Asking Price - $315,000 - Sales Price - $325,000 - Seller Subsidy - $00


Asking Price - $229,900 - Sales Price - $229,900 - Seller Subsidy - $9,011.00

12158 Penderview Ln #1704 - 2bd/1ba (0 DOMP) Regular Sale
Asking Price - $215,000 - Sales Price - $212,500 - Seller Subsidy - $12,075.49

12012 Ridge Knoll Drive #1 -2bd/2ba - (22 DOMP) Regular Sale
Asking Price - $245,000 - Sales Price - $238,000 - Seller Subsidy - $00

3904 Penderview Dr #735 - 1bd/1b1 - (15 DOMP) Short Sale
Asking Price - $160,000 - Sales Price - $157,000 - Seller Subsidy - $4,621


12153 Penderview Ln #2021- 2bd/2ba - (138 DOMP) Regular Sale
Asking Price - $229,900- Sales Price - $229,900 - Seller Subsidy - $10,112.00

12023 Lisa Marie Ct - 3bd/4ba - (29 DOMP) Short Sale
Asking Price - $427,000 - Sales Price - $405,000 - Seller Subsidy - $1,139.00


3935 Clares Ct - 3bd/4ba - (0 DOMP) Regular Sale
Asking Price - $470,000 - Sales Price - $458,000 - Seller Subsidy - $00

12111 Wedgeway Pl - 2bd/4ba (42 DOMP) Regular Sale

Asking Price - $307,500 - Sales Price - $320,000 - Seller Subsidy - $00

12023 Golf Ridge Ct #302 - 3bd/2ba - (3 DOMP) Regular Sale  
 Asking Price - $159,900 - Sales Price - $179,999 - Seller Subsidy - $00

3908 Penderview Dr #606 - 2bd/1b1 (147 DOMP) Short Sale (Took 9 months to close)
Asking Price - $255,000 - Sales Price - $255,000 - Seller Subsidy - $4,500

3954 Valley Ridge Dr - 3bd/4ba (16 DOMP) Regular Sale

Asking Price - $445,000 - Sales Price - $428,500 - Seller Subsidy - $00



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 August
Penderbrook Home Sales 2008 vs. 2009



Fairfax Condos Sold for 2007 vs. 2008 vs. 2009


Fairfax Townhomes Sold for 2007 vs 2008 vs 2009


EXPIRED or WITHDRAWN

There has been 0 listings that have been taken off the market in the last 30 days.

RENTALS

Rental properties are flying off the shelf right now.

There are currently 3 townhomes and 7 condos for rent.
5 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 also partner with a Property Management group that only charges 8%. They manage over 200 properties in the VA and MD area and are excellent. Ask us about this.

OBSERVATIONS

If you are thining about buying in the next 3 months you need to Contact us today !

Keep checking back each Friday for more insight to what is going on at Penderbrook.




Thanks for reading our Penderbrook Real Estate Blog!
Posted by: Nate Johnson - Penderbrook Real Estate Agent 
The Johnson Team is apart of Keller Williams Realty,
specializing in Northern Virginia Real Estate.
703-725-2929









Disclaimer: Information was gathered from the MLS and is deemed reliable but not guaranteed.

COMING SOON!! 2 bedroom / 2 bath with LOFT - Fairfax Ridge Condos

This is a Fairfax Ridge Condo listing just went on the market  Fairfax Ridge is right on the other side of 66. 

http://www.myfairfaxridgecondo.com/

There has already been alot of showings.  If you would like to see it first and have the opportunity to be the first to put a contract on it.  EMAIL ME  asap

2 bedroom /2 bath with Loft - $249,900  - Short Sale

This is a short sale but we have a law firm negotiating it so we dont see this taking that long.

Click below for Video
















Thanks for reading our Penderbrook Real Estate Blog!
Posted by: Nate Johnson - Penderbrook Real Estate Agent 
The Johnson Team is apart of Keller Williams Realty,
specializing in Northern Virginia Real Estate.
703-725-2929

Penderbrook SOLD!!

Wouldn't you love to see these signs in the Penderbrook Community, leading to your home !

Contact me today to see if now is the best time for you to sell.


Penderbrook Homes Sales Report Overview for April 2010

MyPenderbrookHome.com

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

April 2010

April was a very slow month for closed sales in Penderbrook.  2 homes sold. There are still 17 currently under contract. 13 of these are short sales and there is no definate time for when these will close.  Fairfax had 174 homes close in April. There are well over 500 homes currently under contract in Fairfax also.

Foreclosures - 0 / Short Sales - 1 / Regular Sales - 1

Are you looking to buy or sell a home in Penderbrook ?   Contact us today

The Mews Townhomes in Penderbrook
  • Sold Penderbrook The Mews Townhomes - 1  (Regular Sale)
  • Home sold for 103% of asking price ($325,000)
The Inverness and Fairways Townhomes in Penderbrook
  • Sold Penderbrook The Inverness and Fairways Townhomes - 0
  • Average Sold Price - $
  • Median Sale Price - $
  • Homes sold for % of asking price
Condos in Penderbrook
  • Sold Penderbrook Condos - 1 (1 Short Sale)
  • Average Sold Price - $
  • Median Sale Price - $
  • Homes sold for 107% of asking price ($140,000)



Thanks for reading our Penderbrook Real Estate Blog!
Posted by: Nate Johnson - Penderbrook Real Estate Agent 
The Johnson Team is apart of Keller Williams Realty,
specializing in Northern Virginia Real Estate.
703-725-2929



Penderbrook Townhomes and Condos Weekly Sales Report for 4/30/10 - 5/6/10 Homes For Sale

MyPenderbrookHome.com 

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

INTRODUCTION

There has not been much change since last week here at Penderbrook.  We tend to think there will be a slightly slower selling market than what we have been used to the last couple months.  Everyone will just have to adjust to the tax credit no longer being available. 

We still have alot of short sales flooding the market here in Penderbrook.  A majority of these are in the condo sections of Penderbrook.  We are having great success with our sellers here in Penderbrook and other areas.  Check out blog post to see approval letters from those.  We have a law firm that negotiates our short sales and this cuts the time it takes to do a short sale DRAMATICALLY!  This relieves alot of stress for our sellers and buyers and there is a very very very good chance you will not have to pay your debt back.

Oxford condos and any Penderbrook Townhome are still a hot commodity here and there are very few on the market.  This is good news for sellers, as you are not competing against to many others. 

We do have a buyer that is looking for a condo in the Oxford Community.  If you know someone looking to sell,  email me.

If you are thinking about buying or selling in the next 3 months.  Contact me


As of today (May 6, 2010, 8 PM) there are 32 active homes in Penderbrook and 16 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- 5 active -

Condos - 27 active
1 bedroom condos -3
2 bedroom condos - 20
3 bedroom condos -4

Heights at Penderbrook (Condo/Townhome) - 13
Penderbrook Square (Condos/Townhomes)- 19

NEW LISTINGS
According to MLS, there is 3 new listings this week.


UNDER CONTRACT
According to MLS, there are 15 Condos and 1 townhomes under contract.


I will have the final numbers for these once they close

SOLD in last 30 days

According to MLS, 2 homes have sold in the last 30 days


Condominiums

12151 Penderview Ln #2027 - 1bd/1ba -639 DOMP) Short Sale - (Took 9 months to close)
Asking Price - $135,000 - Sales price - $140,000 - Seller Subsidy - $2,000


Townhomes
12161 Wedgeway Pl - 2bd/4ba - (4 DOMP) Regular Sale
Asking Price - $315,000 - Sales Price - $325,000 - Seller Subsidy - $00

SOLD over 30 days ago
12160 Penderview Ln #1738 - 2bd/2ba - (24 DOMP) Regular Sale
Asking Price - $229,900 - Sales Price - $229,900 - Seller Subsidy - $9,011.00

12158 Penderview Ln #1704 - 2bd/1ba (0 DOMP) Regular Sale
Asking Price - $215,000 - Sales Price - $212,500 - Seller Subsidy - $12,075.49

12012 Ridge Knoll Drive #1 -2bd/2ba - (22 DOMP) Regular Sale
Asking Price - $245,000 - Sales Price - $238,000 - Seller Subsidy - $00

3904 Penderview Dr #735 - 1bd/1b1 - (15 DOMP) Short Sale
Asking Price - $160,000 - Sales Price - $157,000 - Seller Subsidy - $4,621


12153 Penderview Ln #2021- 2bd/2ba - (138 DOMP) Regular Sale
Asking Price - $229,900- Sales Price - $229,900 - Seller Subsidy - $10,112.00

12023 Lisa Marie Ct - 3bd/4ba - (29 DOMP) Short Sale
Asking Price - $427,000 - Sales Price - $405,000 - Seller Subsidy - $1,139.00


3935 Clares Ct - 3bd/4ba - (0 DOMP) Regular Sale
Asking Price - $470,000 - Sales Price - $458,000 - Seller Subsidy - $00

12111 Wedgeway Pl - 2bd/4ba (42 DOMP) Regular Sale

Asking Price - $307,500 - Sales Price - $320,000 - Seller Subsidy - $00

12023 Golf Ridge Ct #302 - 3bd/2ba - (3 DOMP) Regular Sale  
 Asking Price - $159,900 - Sales Price - $179,999 - Seller Subsidy - $00

3908 Penderview Dr #606 - 2bd/1b1 (147 DOMP) Short Sale (Took 9 months to close)
Asking Price - $255,000 - Sales Price - $255,000 - Seller Subsidy - $4,500

3954 Valley Ridge Dr - 3bd/4ba (16 DOMP) Regular Sale

Asking Price - $445,000 - Sales Price - $428,500 - Seller Subsidy - $00



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 August
Penderbrook Home Sales 2008 vs. 2009



Fairfax Condos Sold for 2007 vs. 2008 vs. 2009


Fairfax Townhomes Sold for 2007 vs 2008 vs 2009


EXPIRED or WITHDRAWN

There has been 0 listings that have been taken off the market in the last 30 days.

RENTALS

Rental properties are flying off the shelf right now.

There are currently 3 townhomes and 5 condos for rent.
5 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 also partner with a Property Management group that only charges 8%. They manage over 200 properties in the VA and MD area and are excellent. Ask us about this.

OBSERVATIONS

If you are thining about buying in the next 3 months you need to Contact us today !

Keep checking back each Friday for more insight to what is going on at Penderbrook.




Thanks for reading our Penderbrook Real Estate Blog!
Posted by: Nate Johnson - Penderbrook Real Estate Agent 
The Johnson Team is apart of Keller Williams Realty,
specializing in Northern Virginia Real Estate.
703-725-2929









Disclaimer: Information was gathered from the MLS and is deemed reliable but not guaranteed.

Penderbrook Townhomes and Condos Weekly Sales Report for 4/24/10 - 4/30/10 Homes For Sale

MyPenderbrookHome.com 

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

INTRODUCTION

The tax credit ends today! If you have a ratified contract by today and close by June 30th then you can still receive the tax credit. We really think that the government has to stop this.  They have to see what happens when they remove it. In our area we are fine and just benefiting from the tax credit. But MOST of the US really needs this.  Alot of people believe that in time the government will bring this back.  I think if they bring it back it will happen late in the year or to begin 2011.  There is no guarantee this will happen though. There is no need to wait to buy. It would be VERY likely that the government would allow those that bought after June 30th to still receive the credit, if they bring it back this year.

Penderbrook status. 13 of our 17 homes under contract are short sales!  I have 2 that should be closing in May.  Total time 5 months on one (Bank of America is difficult) The other one should be pretty quick and less than 3 months.  I will post these on this website once they are done.  Our sellers should be forgiven the debt they owe to the banks. 

If you want to sell your home and your mortgage is more than what your home is worth Contact us today to see your options.  We should be able to help you !  Click on the link to the right Short Sale Approved to see what a typical letter looks like from the bank.  This letter came from another home owner we successfully helped. If you are thinking about buying or selling here in the Penderbrook community.  Contact someone who knows the neighborhood best !


If you are thinking about buying or selling in the next 3 months.

Contact me

As of today (April 30, 2010, 10 AM) there are 30 active homes in Penderbrook and 17 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- 4 active -

Condos - 26 active
1 bedroom condos -3
2 bedroom condos - 19
3 bedroom condos -4

Heights at Penderbrook (Condo/Townhome) - 13
Penderbrook Square (Condos/Townhomes)- 14

NEW LISTINGS
According to MLS, there is 1 new listings this week.


UNDER CONTRACT
According to MLS, there are 15 Condos and 2 townhomes under contract.


I will have the final numbers for these once they close

SOLD in last 30 days

According to MLS, 3 homes have sold in the last 30 days


Condominiums

12151 Penderview Ln #2027 - 1bd/1ba -639 DOMP) Short Sale - (Took 9 months to close)
Asking Price - $135,000 - Sales price - $140,000 - Seller Subsidy - $2,000

12160 Penderview Ln #1738 - 2bd/2ba - (24 DOMP) Regular Sale
Asking Price - $229,900 - Sales Price - $229,900 - Seller Subsidy - $9,011.00

12158 Penderview Ln #1704 - 2bd/1ba (0 DOMP) Regular Sale
Asking Price - $215,000 - Sales Price - $212,500 - Seller Subsidy - $12,075.49

12012 Ridge Knoll Drive #1 -2bd/2ba - (22 DOMP) Regular Sale
Asking Price - $245,000 - Sales Price - $238,000 - Seller Subsidy - $00

3904 Penderview Dr #735 - 1bd/1b1 - (15 DOMP) Short Sale
Asking Price - $160,000 - Sales Price - $157,000 - Seller Subsidy - $4,621


12153 Penderview Ln #2021- 2bd/2ba - (138 DOMP) Regular Sale
Asking Price - $229,900- Sales Price - $229,900 - Seller Subsidy - $10,112.00

Townhomes
12161 Wedgeway Pl - 2bd/4ba - (4 DOMP) Regular Sale
Asking Price - $315,000 - Sales Price - $325,000 - Seller Subsidy - $00

12023 Lisa Marie Ct - 3bd/4ba - (29 DOMP) Short Sale
Asking Price - $427,000 - Sales Price - $405,000 - Seller Subsidy - $1,139.00


3935 Clares Ct - 3bd/4ba - (0 DOMP) Regular Sale
Asking Price - $470,000 - Sales Price - $458,000 - Seller Subsidy - $00

12111 Wedgeway Pl - 2bd/4ba (42 DOMP) Regular Sale

Asking Price - $307,500 - Sales Price - $320,000 - Seller Subsidy - $00

SOLD over 30 days ago
12023 Golf Ridge Ct #302 - 3bd/2ba - (3 DOMP) Regular Sale 3908 Penderview Dr #606 - 2bd/1b1 (147 DOMP) Short Sale (Took 9 months to close)

Asking Price - $255,000 - Sales Price - $255,000 - Seller Subsidy - $4,500


Asking Price - $159,900 - Sales Price - $179,999 - Seller Subsidy - $00

3954 Valley Ridge Dr - 3bd/4ba (16 DOMP) Regular Sale
Asking Price - $445,000 - Sales Price - $428,500 - Seller Subsidy - $00



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 August
Penderbrook Home Sales 2008 vs. 2009



Fairfax Condos Sold for 2007 vs. 2008 vs. 2009


Fairfax Townhomes Sold for 2007 vs 2008 vs 2009


EXPIRED or WITHDRAWN

There has been 0 listings that have been taken off the market in the last 30 days.

RENTALS

Rental properties are flying off the shelf right now.

There are currently 3 townhome and 3 condos for rent.
4 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 also partner with a Property Management group that only charges 8%. They manage over 200 properties in the VA and MD area and are excellent. Ask us about this.

OBSERVATIONS

If you are thining about buying in the next 3 months you need to Contact us today !

Keep checking back each Friday for more insight to what is going on at Penderbrook.




Thanks for reading our Penderbrook Real Estate Blog!
Posted by: Nate Johnson - Penderbrook Real Estate Agent 
The Johnson Team is apart of Keller Williams Realty,
specializing in Northern Virginia Real Estate.
703-725-2929









Disclaimer: Information was gathered from the MLS and is deemed reliable but not guaranteed.