Nate & The 12:45 Team Did It Again
Call Nate: 571-494-1245

Email Nate - NateJohnson@1245team.com

Thursday, February 5, 2009

Gates of Fair Lakes Condos Weekly Report 1/20/2009-2/5/2009

MyGatesofFairLakesCondo.com

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

These stats are for all real estate in the 22033 zip code for the Month of December
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 2934 -14.7%
Avg. Days on Market11289 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.




0 comments: