Penderbrook Homes Weekly Report Fairfax, VA Townhomes and Condos 4/16/09

By
Real Estate Agent with Keller Williams Realty - Serving Northern Virginia

MyPenderbrookHome.com

Relevant Real Estate Information for the Penderbrook Community of Townhomes and Condos in Fairfax, VA

INTRODUCTION

No closings in the last 2 weeks.  We should expect of the 12 under contract right  now at lest 3-4 will close at the end of this month.  We will have those updated numbers for you soon. We are seeing alot of the TH in the Wedgeway streets come and go quickly.  These have been priced perfectly for first time home buyers.  Alot of the newer brick front TH on the other side of Penderbrook are priced just slightly to high right now and are averaging 2 months+ on the market.

As of today (April 16, 2009 11 AM) there are 29 active homes in Penderbrook and 12 homes that are currently under contract and 5 homes that have sold in the last 30 days.

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

Townhomes- 9 active 

4 regular sales , 2 bank owned , 3 short sales

Condos - 20 active

1 bedroom condos - 7

2 bedroom condos - 9

3 bedroom condos - 4

Heights at Penderbrook (Condo/Townhome) - 8 condos ( 2 regular, 3 bank owned, 3 short sales)
Penderbrook Square (Condos)- 12 condos (4 regular, 4 short sale, 4 bank owned)


NEW LISTINGS

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


UNDER CONTRACT

According to MLS, there are 6 Condos and 6 townhomes under contract.

Condos

3912 Penderview Dr #507 - 1bd/1ba (126 DOMP) 12151 Penderview Ln #2027 - 1bd/1ba (551 DOMP) 12116 Greenway Ct #101 (133 DOMP) 12004 Golf Ridge Ct #302 - 3bd/2ba (33 DOMP) 12008 Ridge Knoll Dr #2 (7 DOMP) 3805 Ridge Knoll Ct #10B (0 DOMP)
3800 Green Ridge Ct #302 (64 DOMP)

Townhomes
12112 Wedgeway Pl - 2bd/4ba (6DOMP) 12104 Wedgeway Ct - 2bd/4ba (444 DOMP) 12113 Wedgeway Ct (11 DOMP)  - 2bd/4ba (35 DOMP)
3910 Valley Ridge Dr -3bd/3ba (147 DOMP)
3784 Inverness Rd - 3bd/4ba (39 DOMP)
3942 Kathryn Jean Ct -3bd/4ba (54 DOMP)


I will have the final numbers for these once they close


SOLD

According to MLS, 7 homes have sold in the last 30 days .

12017 Lisa Marie Ct (0 DOMP) 3bd/4ba TH - Regular Sale

Asking Price - $445,000
Sales Price - $429,100
Seller Subsidy - $ 5,000

3951 Kathryn Jean Ct (7 DOMP) 3bd/4ba TH - Regular Sale

Asking Price - $429,000
Sales Price -$409,000
Seller Subsidy - 0

12145 Wedgeway Pl (51 DOMP) 4bd/ 3ba TH - Bank Owned

Asking Price -$304,750
Sales Price - $285,000
Seller Subsidy - 0

12102 Green Ledge Ct #302 (88 DOMP) 2bd/2ba Condo - Regular Sale

Asking Price -$249,900
Sales Price -$220,000
Seller Subsidy - 0

12101 Green Leaf Ct #302 (165 DOMP) 3bd/2ba Condo - Regular Sale

Asking Price - $289,900
Sales Price - $240,000
Seller Subsidy - $7,200

3916 Penderview Dr #425 (0 DOMP) Bank Owned - 1bd/1ba Condo

Asking Price - $189,900
Sales Price - $148,000
Seller Subsidy - $7919

12115 Wedgeway Pl (45 DOMP) Regular Sale - 2bd/4ba TH

Asking Price - $309,900
Sales Price - $305,500
Seller Subsidy - $933

More Than 30 Days ago

-3916 Green Look Ct (29 DOMP) Regular Sale - 3bd/4ba TH
Asking Price - $432,000 / Sales Price - $425,000 / Seller Subsidy - $10,000

-12110 Green Leaf Ct #301 (141 DOMP) Bank Owned - 3bd/2ba Condo
Asking Price - $259,000 / Sales Price - $210,000 / Seller Subsidy - $12,600

-11787 Valley Ridge Cir (92 DOMP) Regular Sale - 3bd/4ba TH
Asking Price - $477,000 /Sales Price - $410,00 /Seller Subsidy - $8,000

-3909 Penderview Dr #1901 (185 DOMP) Short Sale - 2bd/2ba Condo
Asking Price - $249,900 / Sales Price - $218,000 / Seller Subsidy - $5,000

-12159 Wedgeway Plv (39 DOMP) 3bd/4ba TH - Regular Sale
List Price - $317,000 / Sales Price - $305,000 / Seller Subsidy - $3,000

-12100 Wedgeway Pl (139 DOMP) - Bank Owned - 2bd/4ba TH
Asking Price - $373,000 / Sales Price - $277,500 Seller Subsidy - $8,250

-12104 Green Ledge Ct #302 (18 DOMP) 2bd/2ba Condo - Regular Sale
Asking Price -$239,000 / Sales Price -$239,000 / Seller Subsidy -$7,000

-12110 Green Ledge Ct #301 (26 Days on the market) 3bd/2ba Condo - Regular Sale
Asking Price - $250,000 / Sales Price - $250,000 / Seller Subsidy - $5,000

-12108 Green Ledge Ct #301 (Condo - 3bed/2ba - 229 DOMP) - Regular Sale
Asking Price - $259,999 / Sales Price - $240,000 / Seller Subsidy - 0

-12118 Wedgeway Pl (Townhome - 3bed/4ba - 83 DOMP) - Bank Owned
Asking Price - $317,900 / Sales Price - $307,900 / Seller Subsidy - $ 0

-12128 Wedgeway Ct (Townhome - 2bed/4ba - 34 DOMP) Bank Owned
Asking Price - $309,900 / Sales Price - $310,100 / Seller Subidy - $ 0


22033

These stats are for all real estate in the 22033 zip code for the Month of February 2009
  2009 2008 % Change
Total Sold $ Volume $14,834,430 $11,236,184  32.2%
Avg. Sold Price $390,380 $449,447 -13.1%
Median Sold Price $373,500 $417,000 -10.4%
Total Units Sold 38 25   52%
Avg. Days on Market 107 107  0%
Avg. List Price for Solds: $425,166 $494,834 -14%
Avg. Sale Price as a percentage of Avg. List Price: 91.82% 90.83%


Fairfax Condos Sold for 2007 vs. 2008




Fairfax Townhomes Sold for 2007 vs 2008




EXPIRED or WITHDRAWN

There has been 4 listings that have been taken off the market in the last 30 days.


RENTALS

There is currently 4 townhomes for rent and 11 condos

3 townhomes and 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 full licensed Property Management Group.


OBSERVATIONS

Early next week we will post our We Got The Hook Up Page.  This will highlight a few businesses in our area that we have experience with and highly recommend to you.  They are offering great incentives to use them.

If you are thining about buying in the next 3 moths Contact us today !

Keep checking back each Thursday for more insight to what is going on at Penderbrook.




Disclaimer: Information was gathered from the MLS and is deemed reliable but not guaranteed.









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