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Monday, October 27, 2008

Gates of Fair Lakes Condo Weekly Update 10/20/08-10/26/08

INTRODUCTION

As of today (October 27, 2008 10 AM, there are 5 active listings in MLS and 1 condo that is currently under contract.

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

4 - 2 bedroom units
1 - 3 bedroom unit


NEW LISTINGS

According to MLS, there was 0 new listing this week.


UNDER CONTRACT

According to MLS, there is 1 condo under contract, this is a short sale.

12902 FAIR BRIAR LN #12902, FAIRFAX, VA 22033 - 215 Days On The Market (DOMP) (2 bedroom)


I will have the final numbers for this once it closes, if it closes.


SOLD

According to MLS, 0 condos sold in the last 30 days.



Fairfax Condos Sold for 2007 vs. 2008






RENTALS

There are currently 2 condos for rent

0 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.


OBSERVATIONS

It looks as if all the current active condos are all regualar sales instead of a bank owned or short sale.
The average days on the market for these is 131. This tells us that owners are being relectant to drop their price to the current market level. So they are continuing to stay on the market. 2 of these had contracts fall through and are back on market and we will keep an eye on these to see how that affected them.
Check back next week for more information on your community.




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



What Our Clients Are Saying

What Our Clients Are Saying

She was fantastic at the beginning and the end of a beautiful transaction. We were moving from out of town and this was a foreign market to us and we gave specific recommendations in what we were looking for and she found our home quickly and efficiently. She was thorough with her explanations and organized during closing. I would and I have recommended her to others! ~ Marcus C.

We truly felt the team was working for us. They were very attentive and knowledgeable. ~ The Muncy's

The transaction that we had with Debbie was absolutely wonderful! She gave us a very good CMA and it went for exactly that price. She researched the sale price of our home very well. She was aggressive in marketing the home through the MLS, open houses and online. I would definitely recommend her to others. ~ Harry M.

Honestly, I can't think of anything you could improve upon. ~ Dan K.
It went very well. She is very honest. She is a fine Christian woman and that was very important to us. She sold the house and it went very smoothly. I would highly recommend her and I have. ~ Alvin B.
We felt that you helped us find a home that was right for us and didn't feel pressured in any way. ~ Melanie and Jason S.

Thanks for everything. We are very impressed with your professional, patience, hard work and thoroughness. We are so lucky to have your as our Realtor. God bless you! ~S. Qui

We feel Reynolds Team Realty had genuine concern and interest in our needs, showing patience during trying times and following through to completion of the sale. ~ Ken and Helen P.

Your team had awesome communication, great newsletters w/helpful advice/tips, neighborhood updates, early advertising, great marketing strategies, nice website....AMAZING CUSTOMER SERVICE. We would recommend your services to anyone we know who may need them. ~Robert and Amy T.

They sincerely cared about finding me the perfect home. We chose Debbie because of her experience and integrity. The entire process went smoothly. ~Susan K.






About Gates of Fair Lakes Condos

Year Built:

Built in 1997

Condo Fee:

Range of $167 - $350. Mostly in the mid 200's

Apartment Features:



Community Features:

Gated Community situated in Fair Lakes. Right across the street from the Fair Lakes Shopping Center.


Floor Plans:

1 bedroom , 2 bedroom , and 3 bedroom units

Square Footage ranges from 735 - 1780 depending on the unit and model.

Parking:

Some units have assigned garages. Others have Assigned parking spots.
There is also alot of street parking for guests.

Schools:

Elementary School - Greenbrier Elementary School
Middle School - Lanier Middle School
High School - Fairfax High School





Gates of Fair Lakes Rentals

10/27/2008

Ok I want to help the owners at Gates of Fair Lakes Condos and those looking to rent a place in the Gates of Fair Lakes. So what we are going to look at every couple weeks is how well the rental market is doing for the Gates of Fair Lakes Development.

Please Email me if you have any questions about these condos or if you are looking to rent in another condo development.

2007 Stats

The average rental price for a 1 bedroom unit was $1,150

The average rental price for a 2 bedroom unit was $1,500

The average rental price for a 3 bedroom unit was $1,798


2008 Stats

The average rental price for a 1 bedroom unit is $1,250

The average rental price for a 2 bedroom unit is $1,549

The average rental price for a 3 bedroom unit is $1,946


Owners

The rent price of your unit will vary on the model type, # of bathrooms, # of levels and the condition of the condo. If you are thinking about renting your unit out and would like to see how much you could get, please
contact us.

Renters

If you are interested in renting a condo in the Gates of Fair Lakes Development please contact us and we can get you more information.