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Wednesday, November 25, 2009

Gates of Fair Lakes Condos Weekly Report 11/19/09 - 11/25/09

MyGatesofFairLakesCondo.com

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

INTRODUCTION

Buyers:
Interest rates continue to stay very low. If they go up like they might in early 2010. It could increase your payments by as much as $200 a month.

Sellers:
Most people selling now at Gates of Fair Lakes are short sales. If you no longer can make your payments or do not want to make your payments and cant sell. Contact us. We can get your property sold in much less time than the current short sales are taking. Contact us to see if Short sale is a good option for you.

As of today (November 25, 2009) There are 4 active listings in MLS and 4 condos that are currently under contract. 4 condos have sold in the last 60 days.

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

12884 Fair Briar Ln. #12884 - 1bd/1ba (4 DOMP)
4652 Superior Sq #4652 - 2bd/2ba (35 DOMP)
12873 Fair Briar Ln - 3bd/ 3ba (82 DOMP)
4616 Superior Sq #4616 - 2bd/2ba (47 DOMP)


NEW LISTINGS

According to MLS, there was 1 new listing this week.


UNDER CONTRACT

According to MLS, there are 4 condos under contract.

12817 Fair Briar Ln. #12817 - 1bd/1ba

4558 Superior Sq #4558 - 2bd/2ba

4662 Superior Sq #4662 - 3bd/3ba

4634 Superior Sq #4634 - 3bd/2ba


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


SOLD

According to MLS, 4 condos sold in the last 60 days.

12811 Fair Briar Ln - 2bd/2ba (5 DOMP) - Regular Sale

Asking Price - $267,000
Sales Price - $265,000
Seller Subsidy - $4,000

12799 Fair Briar Lane Ln - 3bd/2ba (38 DOMP) - Bank Owned

Asking Price - $284,900
Sales Price - $265,000
Seller Subsidy - $5,125

4518 Superior Sq #4518 - 2bd/2ba (6 DOMP) - Regular Sale

Asking Price - $274,995
Sales Price - $285,000
Seller Subsidy - $4,275

4644 Superior Sq - 2bd/2ba (46 DOMP) - Regular Sale

Asking Price - $295,000
Sales Price - $285,000
Seller Subsidy - $5,000


Sold More than 60 Days ago

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

12898 FAIR BRIAR LN #12898 (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 August




Fairfax Condos Sold for 2007 vs. 2008 vs. 2009



Fairfax Townhomes Sold for 2007 vs 2008 vs 2009






RENTALS

There are currently 2 condos for rent

o 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

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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