Relevant Real Estate Information for Gates of Fair Lakes . A gated condo community.
INTRODUCTION
The buyers are out !!! You will not believe all the multipe offers and buyers out looking at homes right now. Just another reason to have a experienced realtor. We just negotiated 2 multi offer deals this week and got homes for our clients at amazing prices.
As of today (February 5, 2009) There are 4 active listings in MLS and 2 condo that is currently under contract.
Here’s the breakdown of all active listings in MLS:
2 - 2 bedroom units (1 Bank Owned, 1 Short Sale)
2 - 1bedroom unit (Bank Owned, 1 Regular Sale)
NEW LISTINGS
According to MLS, there was 0 new listing this week.
UNDER CONTRACT
According to MLS, there is 2 condos under contract.
12902 FAIR BRIAR LN #12902
12834 FAIR BRIAR LN
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.
Sold More than 30 Days ago
12898 FAIR BRIAR LN #12898, FAIRFAX, VA 22033 (226 DOMP) (2bed/2ba) Regular Sale
Asking Price - $324,900
Sales Price- $284,000
Seller Subsidy - $10,000
22033
| 2008 | 2007 | % Change | |
| Total Sold $ Volume | $11,625,825 | $14,391,987 | -19.2% |
| Avg. Sold Price | $400,891 | $423,294 | -5.2% |
| Median Sold Price | $319,900 | $4410,000 | -21.9% |
| Total Units Sold | 29 | 34 | -14.7% |
| Avg. Days on Market | 112 | 89 | 25.8% |
| Avg. List Price for Solds: | $461,292 | $454,655 | 1.4% |
| Avg. Sale Price as a percentage of Avg. List Price: | 86.91% | 93.10% |
Fairfax Condos Sold for 2007 vs. 2008
RENTALS
There are currently 3 condos for rent
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 fully licensed property management group also. Just ask us more about how this benefits you.
OBSERVATIONS
Not much is happening here. Yes it is an excellent gated community with amenities but there are also not a lot of condos here so their will be lower numbers on the market at one time.
We have one short sale that got a contract but either the buyer didnt feel like waiting or the bank was not agreeing to pay that price. It is priced very low. But remember the bank has to agree to that price, banks are reluctant to sell so low.
There are 2 bank owned condos here that are worth checking out if you want to live in the Fair lakes area. This community is centrally located and right near 66.
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, email us!
Disclaimer: Information was gathered from the MLS and is deemed reliable but not guaranteed.
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