Residences at Fair Chase Condo Report | March 1, 2014 through May 31, 2014
How are sales? What are the real estate market changes from Winter? What can we hope for the real estate market future of 2014?
Condos for sale in Residences at Fair Chase Fairfax Virginia:
| Date | Address | List Price |
| June 6, 2014 | 4531 Whittemore Pl | $419,000 |
The Residences at Fair Chase Condo unit for sale is an upper level end unit. The upper level and units tend to attract a higher price because the lower level units give up a portion of their living space to the garage. An interior unit is currently under contract at the same list price. It will be interesting to see what buyers are willing to pay to be attached only on one side. The economy continues to strengthen and has been the strongest factor in our local real estate market.
Condos Under Contract in Residences at Fair Chase Fairfax Virginia:
| Date | Address | List Price |
| December 17, 2013 | 4521 Whittemore Pl | $335,000 |
| May 6, 2014 | 4515 Whittemore Pl | $410,000 |
| May 19, 2014 | 4618 Battenburg Ln | $365,000 |
| May 20, 2014 | 4655 Eggleston Ter | $419,900 |
| June 10, 2014 | 4533 Whittemore Pl | $320,000 |
In 2013 the selling season in Residences at Fair Chase FAIRFAX Condos started in April. This year the season started in May. There are a few short sales under contract. Condos are usually the last housing type to recover in a down housing market. The short-sales are not much of a discount, here about $30,000. There is one under contract since December of last year. More than likely due to condo prices increasing and negotiations with the bank, the bank is looking to close the gap on the short-sale price. When placing your condo for sale or looking to buy a condo keep in mind if they look really nice inside and are upper level units will cost more in Residences at Fair Chase.
Condos Sold in Residences at Fair Chase Fairfax Virginia:
| Date Sold | Address | List Price | Sold Price | Days on the Market |
| March 28, 2014 | 4577 Whittemore Pl | $365,000 | $365,000 | 22 |
Two units rented in the last three months at an average of $2575 for 3 bedroom unit. In December and January the average monthly rent was $2000. For landlords this a community that will provide steady rental income. When condos are priced right and they show well when listed they will sell quickly. It's all about marketing units for the buyer. There are buyers that want to live in moderate suburbs or light urban area such as Fairfax Corner VA with the benefits a condo has to offer.
Thank you for reading about Residences at Fair Chase Condos in Fairfax VA
Now You Really Want to Find a Condo Here, Right?
If you are interested in the current condos for sale in Residences at Fair Chase in Fairfax VA click on the link. Our 'for sale' property information is a direct feed from our Local MLS Local MLS and is updated multiple times per day. If you are thinking about selling and want the highest possible price for your Residences at Fair Chase Condo Fairfax Virginia contact me. I can be reached by phone, text, or email details at the bottom of the page. I can provide you a free real estate market analysis of your condos unique value in today's market.
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