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Tuesday, June 30, 2009

Gates of Fair Lakes Condos Weekly Report 06/24/09 - 06/30/09

MyGatesofFairLakesCondo.com

Relevant Real Estate Information for Gates of Fair Lakes . A gated condo community.

INTRODUCTION

We are your neighborhood expert for Gates of Fair Lakes.

We have great news for first time home buyers.

First program is for first time home buyers, who make less than $57k. This program is a $10,000 grant, that does not have to be repaid and to be used to your home purchase. You can still qualify for your $8,000 tax credit when you file your taxes next year.

Second program is for those that make more than $57k. You can use your $8,000 tax credit now as a down payment. This means very little money for you to buy a home.


As of today (June 30, 2009) There are 0 active listings in MLS and 3 condo that is currently under contract. 2 condos have sold in the last 90 days.

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

None

NEW LISTINGS

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


UNDER CONTRACT

According to MLS, there is 3 condos under contract.



12844 Fair Briar Ln #12844 - 1bd/1ba

4558 Superior Sq #4558 - 2bd/2ba

12761 Fair Briar Ln - 3bd/2ba


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


SOLD

According to MLS, 2 condos sold in the last 90 days.



4534 Superior Sq #4534 Bank Owned


Asking Price - $225,000
Sales Price - $132,700
Seller Subsidy - $0


4520 Superior Sq #4520 Regular Sale


Asking Price - $264,721
Sales Price - $265,000
Seller Subsidy - $10600




Sold More than 90 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 May



Fairfax Condos Sold for 2007 vs. 2008






RENTALS

There are currently 1 condos for rent

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 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.



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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