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Tuesday, July 28, 2009

Gates of Fair Lakes Condos Weekly Report 07/22/09 - 07/30/09

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


We had 2 condos sell in the last 2 weeks here. One was a bank owned and the other was a short sale. The bank owned one sold for a hech of a price. $132k for a 1 bedroom condo in Fair Lakes. It did need some minor work though.

We had another 1 bedroom come on the market and its a short sale so it could take a little while to close on that one but what a great deal!

2 condos are also under contract so we will have those numbers when they close soon.

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

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

12817 Fair Briar Ln #12817 - 1bd/1ba (4 DOMP)
4650 Superior Sq - 2bd/2ba (4 DOMP)


According to MLS, there was 2 new listings this week.


According to MLS, there is 2 condos under contract.

12844 Fair Briar Ln #12844 - 1bd/1ba
4558 Superior Sq #4558 - 2bd/2ba

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


According to MLS, 2 condos sold in the last 30 days.

12761 Fair Briar Ln - 3bd/2ba Short Sale

Asking Price - $295,000
Sales Price - $275,000
Seller Subsidy - $0

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


These stats are for all real estate in the 22033 zip code for the Month of May

Fairfax Condos Sold for 2007 vs. 2008


There are currently 3 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.


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.