MyFairfaxRidgeCondo.com
Relevant Real Estate Information for the Fairfax Ridge Condo Community
INTRODUCTION
First of all. I have a buyer who is looking to buy a 1 bedroom condo here at Fairfax Ridge. If you know of someone thinking about selling, contact me ASAP! This will save you a lot of time in this market.
Second today is a good day ! We are the first to successfully sell a short sale here at Fairfax Ridge in the last 5 + months. Short sales are all over Fairfax Ridge right now. There are lot under contract. Lets hope the banks works with these agents to get these sold ! If you need help selling your condo, contact us today !
As of today (March 20, 2009 11 AM), there are 7 active listings in the MLS and 12 Condos (+4) are currently under contract and 5 Condos have sold in the last 30 days.
Here's the breakdown of all active listings in MLS:
2 - 1 bedroom units ( 2 short sales )
4 -2 bedroom units (2 short sales, 1 regular sales, 1 bank owned)
1 - 3 bedroom unit (short sale)
NEW LISTINGS
According to MLS, there was 1 new listing this week.
UNDER CONTRACT
According to MLS, there are 6 condos under contract , 2 bank owned and 4 short sale.
11350 Aristotle Dr #7-202 - 227 (DOMP) 1bd/1ba 11350 Aristotle Dr #7-104 - 14 (DOMP) 1bd/1ba 11352 Aristotle Dr #7-106 - 45(DOMP) 1bd/1ba 11395 ARISTOTLE DR #11-408 - 112(DOMP) 1bd/1ba 11375 Aristotle Dr #9-404 -151 (DOMP) 1bd/1ba 11321 Aristotle Dr #3-301 - 83 (DOMP) 2bd/2ba 11350 Aristotle Dr #7-101 - 7 (DOMP) 2bd/2ba 11345 Aristotle Dr #6-410 - 26 (DOMP) 2bd/2ba 11373 Aristotle Dr #9-307 - 37 (DOMP) 2bd2ba 11361 Aristotle Dr #312 -42(DOMP) 2bd/ 2ba
3851 Aristotle Ct #1-304 -280(DOMP) 2bd/2ba
3851 Aristotle Ct #1-309 - 66 (DOMP) 2bd/2ba - back on the market
I will have the final numbers for these once they close
SOLD
According to MLS, 5 condos sold in the last 30 days .
11353 Aristotle Dr #309 - 65 (DOMP) 3bd / 2ba (SHORT SALE) Asking Price -$260,000 Sales Price - $262,600 Seller Subsidy - 0 11326 Aristotle Dr #4-301 - 45(DOMP) 2bd/2ba Asking Price - $329,000 Sales Price - $220,000 Seller Subsidy - 0 11397 ARISTOTLE DR #11-207 - 83 (DOMP) 2bd/2ba Asking Price - $239,000 Sales Price - $239,000 Seller Subsidy - 0
11326 Aristotle Dr #4-401 - 11 (DOMP) 2bd/2ba (Bank Owned)
Asking Price - $240,000
Sales Price - $255,000
Seller Subsidy - $5,000
11371 Aristotle Dr #9-113 - 19 (DOMP) 2bd/2ba (Bank Owned)
Asking Price - $235,000
Sales Price - $235,000
Seller Subsidy - $7,050
These sold more than 30 days ago -
-11305 Aristotle Dr #2-204 - 79 (DOMP) 1bd/1ba (Bank Owned)
Asking Price - $194,500 / Sales Price - $167,000 / Seller Subsidy - $0
-3851 Aristotle Ct #1-418 - 102 (DOMP) 1bd/1ba (Bank Owned)
Asking Price - $174,900 / Sales Price - $174,900 / Seller Subsidy - $5,247
-11347 Aristotle Dr #6-106 - 190 (DOMP) 2bd/2ba (Bank Owned)
Asking Price - $239,000 / Sales Price - $227,000 / Seller Subsidy - $0
-11339 Aristotle Dr #6-215 - 66 (DOMP) 2bd/2ba (Bank Owned)
Asking Price - $279,900 / Sales Price - $250,000 / Seller Subsidy - $0
-11345 ARISTOTLE DR #6-311 - 15 (DOMP) (2 bd/1ba) Bank Owned
List Price - $219,900 / Sales Price - $225,000 / Seller Subsidy - 0
-11353 ARISTOTLE DR #106 - 5 Days on the Market (DOMP) (2bedroom)
(This one had multiple offers and went above asking price) Bank Owned
List Price- $234,000 / Sold Price -$250,000 / Seller Subsidy - $0
-11335 Aristotle Dr #5-215 - 117 (DOMP) 3 level, 2 bedroom, 2 bathroom - Regular Sale
List Price - 329,900 / Sold Price - 250,000 / Seller Subsidy - 0
-11371 ARISTOTLE DR #9-213, FAIRFAX, VA 22030 - 61 (DOMP) 1 level, 2 bed/2ba
List Price - 239,000 / Close Price - 239,000 / Seller Subsidy - 6,000
-11359 ARISTOTLE DR #8-214, FAIRFAX, VA 22030 - 26 (DOMP) 3 level, 2 bd/2ba
List Price - 244,900 / Close Price - 260,000 / Seller Subsidy - 0
-11397 ARISTOTLE DR #11-105, FAIRFAX, VA 22030 - 36 (DOMP) 2 level, 2bed/2ba
List Price - 267,800 / Close Price - 240,000 / Seller Subsidy - 7,590
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 Ridge Condos Sold for 2007 vs. 2008 
Fairfax Condos Sold for 2007 vs. 2008 
EXPIRED or WITHDRAWN There have been 3 listings that have been taken off the market in the last 30 days.
RENTALS
There are currently 11 condos for rent
1bedroom units - 5 available
2bedroom units - 6 available
3bedroom units - 0 available
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 fully licensed property management group. Ask us more about this and how this benefits you !
OBSERVATIONS
The best opportunities come and go quikly here at Fairfax Ridge. Look at all the bank owned sales in the past couple months!
If you are thinking about buying in the next 3 months we would be honored to work with you ! Shoot us an email
Keep checking back each Friday for your updated market report for Fairfax Ridge
Disclaimer: Information was gathered from the MLS and is deemed reliable but not guaranteed.
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