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Penderbrook Homes Weekly Report Fairfax, VA Townhomes and Condos

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

5 new homes came on the market again this week. PLUS 19 homes are under contract!!! WOW
There are still 28 active homes but these are going fast. Penderbrooks location and community ammenities are definitley contributing to these stats.

As of today (May 7, 2009 11 AM) there are 28 active homes in Penderbrook and 19 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- 10 active

4 regular sales , 3 bank owned , 3 short sales

Condos - 18 active

1 bedroom condos - 6

2 bedroom condos - 11

3 bedroom condos - 1

Heights at Penderbrook (Condo/Townhome) - 8 condos ( 3 regular, 2 bank owned, 3 short sales)
Penderbrook Square (Condos)- 10 condos (2 regular, 4 short sale, 4 bank owned)


NEW LISTINGS

According to MLS, there was 5 new listing this week.


UNDER CONTRACT

According to MLS, there are 10 Condos and 9 townhomes under contract.

Condos

12151 Penderview Ln #2027 - 1bd/1ba (551 DOMP)
3800 Green Ridge Ct #302 - 2bd/2ba (64 DOMP)
12116 Greenway Ct #101 - 3bd/2ba (133 DOMP)
12108 Greenway Ct #101 - 3bd/2ba - (251 DOMP)
12165 Penderview Ter #100 - 1bd/1ba (487 DOMP)
3808 Green Ridge Ct #301 - 3bd/2ba (257 DOMP)
12104 Greenway Ct #201 - 2bd/2ba (85 DOMP)
12103 Green Ledge Ct #201 -3bd/2ba (263 DOMP)
12012 Golf Ridge Ct. NE# 301 - 3bd/2ba (7 DOMP)
3805 Ridge Knoll Ct #10B (0 DOMP)

Townhomes
12112 Wedgeway Pl - 2bd/4ba (6DOMP)
12129 Wedgeway Pl - 2bd/4ba (2 DOMP)
12113 Wedgeway Ct (11 DOMP) - 2bd/4ba (35 DOMP)
3784 Inverness Rd - 3bd/4ba (39 DOMP)
3944 Kathryn Jean Ct -3bd/4ba (6 DOMP)
11718 Valley Ridge Cir -4bd/4ba (87 DOMP)
11702 Valley Ridge Cir -3bd/4ba (57 DOMP)
3907 Clares Ct -3bd/4ba (66 DOMP)
3803 Inverness Rd -3bd/4ba (6 DOMP)

I will have the final numbers for these once they close


SOLD

According to MLS, 5 homes have sold in the last 30 days .

3912 Penderview Dr #507 - 1bd/1ba (126 DOMP) - Bank Owned

Asking Price - $119,900
Sales Price - $125,000
Seller Subsidy - $3,655

12008 Ridge Knoll Dr #2 - 2bd/2ba (7 DOMP) - Regular Sale

Asking Price - $235,000
Sales Price - $238,000
Seller Subsidy - $3,000

3910 Valley Ridge Dr -3bd/3ba (147 DOMP) - Bank Owned

Asking Price - $350,000
Sales Price - $347,000
Seller Subsidy - 0

12104 Wedgeway Ct - 2bd/4ba (444 DOMP) - Bank Owned

Asking Price - $360,000
Sales Price - $275,000
Seller Subsidy - $8,250

12004 Golf Ridge Ct #302 - 3bd/2ba (33 DOMP) - Bank Owned

Asking Price -$222,900
Sales Price - $210,000
Seller Subsidy - 0



More Than 30 Days ago


-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

-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 March 2009
 

 

  2009 2008 % Change
Total Sold $ Volume $13,961,288 $14,878,678 -6.1%
Avg. Sold Price $367,402 $413,297 -11.1%
Median Sold Price $323,500 $381,900 -15.9%
Total Units Sold 38 36 52%
Avg. Days on Market 79 91 0%
Avg. List Price for Solds: $397,753 $441,841 -9.9%
Avg. Sale Price as a percentage of Avg. List Price: 92.37% 93.54%



Fairfax Condos Sold for 2007 vs. 2008




Fairfax Townhomes Sold for 2007 vs 2008




EXPIRED or WITHDRAWN

There has been 1 listings that have been taken off the market in the last 30 days.


RENTALS

There is currently 4 townhomes for rent and 11 condos 

4 townhomes and 5 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

Penderbrook continues to thrive.  There are still some TH on the newer side that are over priced.  But after sitting on the market for a while they are starting to drop their price to where it should be.  The smaller TH are selling fast.  These are priced perfectly for first time home buyers.

This is what we are hearing on the rumorville. There is obviously low inventory of homes on the market right now, causing multiple offers and craziness to buy homes in NOVA. Well.... We have heard that the banks are going to be getting a lot! a lot of foreclosures by the end of this month and in June. Wells Fargo alone will be putting 30,000 foreclosed homes on the market nationwide. So you can only imagine what all the banks together will do. This could get crazy !

We are also seeing a little bit of trouble with appraisals in some areas. People are outbidding on homes. This means the comps in the neighborhoods are not supporting the bids people are putting on these homes. The problem: You will not get the loan for that amount unless you are paying the difference. If you offer 300k and it appraises for 280k then you have to come up with an extra 20k This is happening in pockets of NOVA and not the case for every home.

 

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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