MyPenderbrookHome.com
Relevant Real Estate Information for the Penderbrook Community of Townhomes and Condos in Fairfax, VA
INTRODUCTION
Penderbrook continues to lead the area in home sales and in homes with a contract. Look at the movement over the past 2 weeks. Read the observations below...
As of today (March 5, 2009 11 AM) there are 23 active homes in Penderbrook and 15 homes that are currently under contract and 6 homes that have sold in the last 30 days.
Here's the breakdown of all active listings in MLS:
Townhomes- 5 active
3 regular sales , 2 bank owned
Condos - 18 active
1 bedroom condos - 8
2 bedroom condos - 8
3 bedroom condos - 2
Heights at Penderbrook (Condo/Townhome) - 8 condos ( 3 regular, 3 bank owned, 2 short sales)
Penderbrook Square (Condos)- 10 condos (3 regular, 3 short sale, 4 bank owned)
NEW LISTINGS
According to MLS, there was 5 new listing this week.
UNDER CONTRACT
According to MLS, there are 5 Condos and 8 townhomes under contract.
Condos
3916 Penderview Dr #425 (0 DOMP)
3800 Green Ridge Ct #302 (64 DOMP)
12116 Greenway Ct #101 (133 DOMP)
12004 Golf Ridge Ct #302 (20 DOMP)
12102 Green Ledge Ct #302 (88 DOMP)
12008 Ridge Knoll Dr #2 (7 DOMP)
12101 Green Leaf Ct #302 (165 DOMP)
3805 Ridge Knoll Ct #10B (0 DOMP)
Townhomes
12104 Wedgeway Ct (444 DOMP)
12145 Wedgeway Pl (51 DOMP)
12115 Wedgeway Pl (45 DOMP)
12113 Wedgeway Ct (11 DOMP)
3951 Kathryn Jean Ct (7 DOMP)
12017 Lisa Marie Ct (0 DOMP)
3942 Kathryn Jean Ct (54 DOMP)
3910 Valley Ridge Dr (142 DOMP) Short Sale taken off the market
3784 Inverness Rd (39 DOMP) Now off the market
I will have the final numbers for these once they close
SOLD
According to MLS, 2 homes have sold in the last 30 days .
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
More Than 30 Days ago
-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
| 2009 | 2008 | % Change | |
| Total Sold $ Volume | $8,645,400 | $10,605,650 | -18.4% |
| Avg. Sold Price | $375,887 | $407,910 | -7.8% |
| Median Sold Price | $335,000 | $365,000 | -8.2% |
| Total Units Sold | 23 | 26 | -11.5% |
| Avg. Days on Market | 85 | 105 | -19% |
| Avg. List Price for Solds: | $413,327 | $438,460 | -5.7% |
| Avg. Sale Price as a percentage of Avg. List Price: | 90.94% | 93.03% |
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 2 townhomes for rent and 13 condos
1 townhomes and 1 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
Please note that in the last 4+ months no short sale has closed at Penderbrook. There are a bunch on the market now and the listing agent has to be experienced and have a professional negotiator working with them and the bank to get the deal done. Right across the way at Fairfax Ridge the same situation is happening. No short sales have gotten pushed through in the last 4+ months except OUR listing at Fairfax Ridge. At the end of this month it is closing!
Contact us ASAP if you are in a situation where you owe more than your mortgage.
On another note Penderbrook is HOT! Regular Sales and Bank owned Sales are dominating this market. Make sure you have a good agent though. We are seeing multiple offers. We just closed on a TH for our buyers where there were multiple offers and we won ! and we were $10,000 less than the highest offer. You bet we pulled out all the tricks on this one :)
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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