Nate & The 12:45 Team Did It Again
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Monday, December 8, 2008

Gates of Fair Lakes Condo Weekly Update 12/02/08-12/08/08

INTRODUCTION

We are your Neighborhood Expert !
As of today (December 9, 2008 11 AM), there are 3 active listings in MLS and 1 condo that is currently under contract.

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

3 - 2 bedroom units (2 Bank Owned, 1 Short Sale)


NEW LISTINGS

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


UNDER CONTRACT

According to MLS, there is 2 condos under contract.
12898 FAIR BRIAR LN #12898, FAIRFAX, VA 22033 (226 DOMP) (2bed/2ba) Regular Sale

12902 FAIR BRIAR LN #12902, FAIRFAX, VA 22033 - 215 Days On The Market (DOMP) (2 bed/2ba) Short Sale


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 4 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.
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 fully licensed property management group also. Just ask us more about how this benefits you.


OBSERVATIONS

We have been working in Gates of Fair Lakes for a while and there just has not been much movement at all here.
There is a short sale that is under contract but it has been under contract for over 2 months which means they are having a hard time getting the bank to accept the price.
We have a short sale team in place to help you. There is very little if no financial implications to short selling. You just need a good team and professional negotiators to negotiate with the bank. Please contact us if you are thinking about this.
Keep checking back for the status of your community. If you have any questions or would like to know the value of your home right now,
















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







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