January 2011 Brambleton Market Update

Introduction

It has been a great start to 2011. Brambleton real estate market is dominated by new construction sales. With this blog, I try to focus on resales only. I will be posting monthly resale information at the beginning of month. Here's all the resale homes that settled in January of 2011.

Format

Builder Model. Street Address. Sold Price - Subsidy = Net Price. DOMM/DOMP. Type of Sales (short sale, foreclosure)

Condo

1. SUMMERFIELD COMO. 22573 BLUE ELDER TER #22573. $144.000- $0.00. DOMM/DOMP 42/42.(FORECLOSURE)

2. SUMMERFILE MILANO. 22725 THIMBLEBERRY SQ #204. $160.000- $4800.00. DOMM/DOMP 72/72 (SHORT SALE)

3. SUMMERFIELD SIENNA. 42481 ROCKROSE SQ #303.$191.000-$0.00. DOMM/DOMP 29/101 (FORECLOSURE)

4. SUMMERFIELD VERONA. 42405 HOLLYHOCK TER, $217,000 - $8,000 = $209,00. DOMM/DOMP: 32/32. (SHORT SALE)

5. SUMMERFIELD TORINO. 42401 GOLDENSEAL SQ #42401. $240.000- $7200.00 DOMM/DOMP 16/16(SHORT SALE)

Townhouse

1. CENTEX STRATTON. 22934 ROSE QUARTZ SQ. $309.900-$0.00=$309,900. DOMM/DOMP: 45/45. (FORECLOSURE)

2. CENTEX WALDEN. 22992 FOX FIRE TER. $327,000. DOMM/DOMP: 108/108.

3. MILLER & SMITH PALISADES. 23255 CLAXTON TER. $415.000-$10000.00. DOMM/DOMP11/11 (SHORT SALE)*

Single Family

1.CENTEX PORTER. 22882 COURTLAND PARK DR. $499,000 - $14,790 = $484,210. DOMM/DOMP: 32/32.

*In MLS 23255 CLAXTON TER was listed as 3 level townhome but these are 2 level Miller & Smith Courtyard series townhomes.

Commentary

As you can see, all of Summerfield condos are distressed properties. Summerfield condo prices are still about 40% off the all time high. If you need to sell but you're upside down, you may consider a short sale. Our team has completed over 100 short sales to date. You can check out our short sale blog, VirginiaShortSaleExpert.com.

Let me know if you have any questions about buying, selling or renting in Brambleton.

Kathy Norton

Keller Williams Realty

571-334-2913 (direct)

kathynortonrealtor "at" gmail.com

Kathy Norton

I would like to introduce my team member, Kathy Norton, who will closely with me on BrambletonBlog.com. This is her contact information.

Kathy Norton

Keller Williams Realty

571-334-2913 (direct)

14155 Newbrook Drive Suite 100

Chantilly, VA 20151

KathyNortonRealtor@gmail.com

Weekly Update 4/12/10 to 4/18/2010

Introduction

First my apologies for not updating the weekly blog. I will do my best to post them by Tuesdays. There's been tons of action on the market so I want to keep you posted. Market has been very active these days. This week we had 11 new resales come on the market. Expect more listings before May due to tax credit. Here we go with the weekly update.

As of today 4/10/2010, there are 29 active listings in MLS and 19 homes under contract in last 30 days. This gives us an absorption rate of 1.5.

Here's the breakdown of the active listings:

21 Traditional Resales, 1 Foreclosure, and 7 Short Sales.

Click here to view all active listings via FranklyMLS.com.

There's some non-Brambleton listings so just look at the subdivision.

Click here to view all homes under contract via FranklyMLS.com.. There's some non-Brambleton listings so just look at the subdivision.

New

11 new listings came out during the period of 4/12/10 to 4/18/10. Expect flood of listings before the tax credit expires.

Condo

1. Summerfield Verona. $199,900. (Short Sale, Under Contract)*

2. Summerfield Verona. $225,000. (Short Sale)

3. Summerfield Torino. $249,900. (Short Sale)

4. Beazer Aspen. $299,900.

5. Centex O'Hare. $319,900.

*This short sale is my listing. It's with Capital One (formally BF Saul / Chevy Chase). Capital One is one of the easier banks to work with in terms of short sale. You can view an approval letter for Capital One short sale that I competed last month here.

Townhouse

1. Beazer Chancery. $389,900. (Foreclosure)*

2. Beazer Chancery. $399,900.

3. Miller & SMith Houdini I. $439,500.

*Not many foreclosures these days. Most are opting to do short sale.

Single Family

1. Christopher Companies Buckingham. $615,000.

2. Beazer Ashley. $625,000.

3. Winchester Homes Browning. $699,900. (Under Contract)

Under Contract

According to MLS, 10 resales went under contract during 4/12/10 to 4/18/2010.

Condo

1. Summerfield Florence. $160,000. DOMM/DOMP: 7/7. (Short Sale)

2. summerfield Verona. $209,000. DOMM/DOMP: 32/0. (Short Sale)

3. Centex Logan. $284,000. DOMM/DOMP: 44/44.

Townhouse

1. Miller & Smith Houdini I. $399,999. DOMM/DOMP: 4/4.

2. Beazer Chancery. $400,000. DOMM/DOMP: 95/95.

3. Beazer Chancery. $435,000. DOMM/DOMP: 15/15.

Single Family

1. Centex Fulton. $524,900. DOMM/DOMP: 11/11.

2. Centex Fulton. $529,900. DOMM/DOMP: 39/39.

3. Beazer Farham. $572,500. DOMM/DOMP: 61/61.

4. Winchester Homes. $699,900. DOMM/DOMP: 6/6.

Sold

According to MLS, 4 resales closed this week.

Townhouse

1. Centex Stratton. 42417 REDSTONE TER. $310,000 - $5,000 = $305,000. DOMM/DOMP: 16/16. (Foreclosure)

2. Beazer Chancery. 42496 LEGACY PARK DR. List Price: $419,000. DOMM/DOMP: 88/88.*

Single Family

1. Miller & Smith Clara Bow. 23245 HALES TRACE DR. $650,000 - $0 = $650,000. DOMM/DOMP: 39/39.

2. Centex Hadley. 22771 SWEET ANDREA DR. $700,000 - $0 = $700,000. DOMM/DOMP: 0/0.**

*This home was scheduled to close on 4/15/10 but still shows as under contract.

**This home was entered in MLS for informational purposes. It never went on the market. In fact, this is the second Centex Hadley to sell without ever going on the market in the last month.

Conclusion

Expect another busy week as buyers rush to meet the tax credit deadline.

Disclaimer: Information is deemed reliable but not guaranteed. MLS data was used which means For Sale By Owner information may have not been included. All homes entered as comps (e.g. new construction) were removed as well. MLS data is subject to human errors such as agents entering wrong values. This is not an appraisal but purely for informative purposes only. If you spot an error, please email.

Weekly Update for 3/1/10 to 3/7/10

New Listings: 4 (-1)
Under Contract: 1 (-4)

Sold: 1 (-2)

(Change from previous week.)

Introduction

As of today 3/9/2010, there are 28 active listings (0) in MLS and 15 homes (0) under contract in last 30 days. This gives us an absorption rate of 1.9 which is worse than last week's rate of 1.4.

Here's the breakdown of the active listings:

18 Traditional Resales (-1), 2 Foreclosure (+1) and 8 Short Sales (0).

Click here to view all active listings via FranklyMLS.com.

There's some non-Brambleton listings so just look at the subdivision.

Click here to view all homes under contract via FranklyMLS.com.. There's some non-Brambleton listings so just look at the subdivision.

New

5 new listings came out during the period of 3/1/10 to 3/7/10.

Condo

1. Summerfield Verona. $239,900.

2. Beazer Aspen. $270,000. (Foreclosure)*

3. Centex Logan. $309,000.

Single Family

4. Centex Fulton. $549,900.

*This is the only second foreclosures that came out in 2010 compared to 17 short sales for 2010.

Under Contract

According to MLS, 5 single families went under contract during 3/1/10 to 3/7/10.

Condo

1. Centex Logan. DOMM/DOMP: 20/20. (Short Sale)

Sold

According to MLS, one short sale closed this week.

Condo

1. Summerfield Roma. 42544 HOLLYHOCK TER #201. $165,000 - $0 = $165,000. DOMM/DOMP: 40/40. (Short Sale)

Conclusion

Lot of activity these days. There's been on and off weeks. This week was more or less and off week but last week was an on week.

Disclaimer: Information is deemed reliable but not guaranteed. MLS data was used which means For Sale By Owner information may have not been included. All homes entered as comps (e.g. new construction) were removed as well. MLS data is subject to human errors such as agents entering wrong values. This is not an appraisal but purely for informative purposes only. If you spot an error, please email.

Weeky Update 2/22/10 to 2/28/10

New Listings: 5 (+2)
Under Contract: 5 (0)

Sold: 3 (0)

(Change from previous week.)

Introduction

As of today 2/16/2010, there are 28 active listings (0) in MLS and 20 homes (-1) under contract in last 30 days. This gives us an absorption rate of 1.4 which is worse than last week's rate of 1.3.

Here's the breakdown of the active listings:

19 Traditional Resales (0), 1 Foreclosure (0) and 8 Short Sales (0).

Click here to view all active listings via FranklyMLS.com.

There's some non-Brambleton listings so just look at the subdivision.

Click here to view all homes under contract via FranklyMLS.com.. There's some non-Brambleton listings so just look at the subdivision.

New

5 new listings came out during the period of 2/22/10 to 2/28/10.

Condo

1. Beazer Vail. $315,900.

Townhouse

1. Miller & Smith Merlin. $375,000.

Single Family

1. Centex Porter. $549,900.

2. Gulick Winthrop. $600,000. (Short Sale)

3. Stanley Martin Ballou (?). $625,000.

Under Contract

According to MLS, 5 single families went under contract during 2/22/10 to 2/28/10.

Single Family

1. Centex Porter. $549,900. DOMM/DOMP: 39/39.

2. Gulick Winthrop. $600,000. DOMM/DOMP: 2/2. (Short Sale)

3. Centex Hadley. $625,000. DOMM/DOMP: 145/145.

4. Stanley Martin. $625,000. DOMM/DOMP: 2/2.

5. Centex Carlson. $649,900. DOMM/DOMP: 54/54.

Sold

According to MLS, three resales closed this week.

Condo

1. Summerfield Napoli. 22710 BLUE ELDER TER #202. $181,006 - $0 = $181,006. DOMM/DOMP: 7/7. (Short Sale)

2. Centex Logan. 22751 SETTLERS TRAIL TER #15G. $295,000 - $0 = $295,000 DOMM/DOMP: 41/41.

Townhouse

1. Miller & Smith Merlin. 42492 REGAL WOOD . $365,000 - $0 = $365,000. DOMM/DOMP: 34/64.

Conclusion

Pretty good activity in the market. Expect the market to pick up significantly in the next few months...at least until the tax credit expires.

Disclaimer: Information is deemed reliable but not guaranteed. MLS data was used which means For Sale By Owner information may have not been included. All homes entered as comps (e.g. new construction) were removed as well. MLS data is subject to human errors such as agents entering wrong values. This is not an appraisal but purely for informative purposes only. If you spot an error, please email.

Weekly Update for 2/15/10 to 2/21/10

New Listings: 3 (-2)
Under Contract: 5 (+4)

Sold: 3 (+2)

(Change from previous week.)

Introduction

As of today 2/16/2010, there are 28 active listings (-2) in MLS and 21 homes (+3) under contract in last 30 days. This gives us an absorption rate of 1.3 which is better than last week's rate of 1.7.

Here's the breakdown of the active listings:

19 Traditional Resales (0), 1 Foreclosure (0) and 8 Short Sales (-2).

Click here to view all active listings via FranklyMLS.com.

There's some non-Brambleton listings so just look at the subdivision.

Click here to view all homes under contract via FranklyMLS.com.. There's some non-Brambleton listings so just look at the subdivision.

New

3 new listings came out during the period of 2/15/10 to 2/21/10.

Condo

1. Summerfield Como. $140,000. (Short Sale)

2. Summerfield Verona. $229,900.

Single Family

1. Gulick Townsend. $879,900.

Under Contract

According to MLS, 5 resales went under contract during 2/15/10 to 2/21/10.

Condo

1. Summerfield Como. $140,000. DOMM/DOMP: 12/12. (Short Sale)

Townhouse

1. Beazer Chancery. $375,000. DOMM/DOMP: 17/17. (Short Sale)

2. Beazer Chancery. $399,900. DOMM/DOMP: 43/43. (Short Sale)

3. Beazer Chancery. $439,901. DOMM/DOMP: 28/28.

Single Family

1. Miller & Smith Clara Bow. $650,000. DOMM/DOMP: 39/39.

Sold

According to MLS, three normal resales closed this week.

Condo

1. Centex Walden. 22993 EVERSOLE TER. $337,500 - $3,500 = $334,000. DOMM/DOMP: 61/145.

Single Family

1. Centex Carlson. 22787 SWEET ANDREA DR. $618,000 - $18,540 = $599,460. DOMM/DOMP: 51/51.

2. Gulick Winthrop. 23044 MINERVA DR. $800,000 - $0 = $800,000. DOMM/DOMP: 23/175.

Conclusion

Market is starting to get busy.

Disclaimer: Information is deemed reliable but not guaranteed. MLS data was used which means For Sale By Owner information may have not been included. All homes entered as comps (e.g. new construction) were removed as well. MLS data is subject to human errors such as agents entering wrong values. This is not an appraisal but purely for informative purposes only. If you spot an error, please email.

Weekly Update 2/8/10 to 2/14/2010

New Listings: 5 (+2)
Under Contract: 1 (+1)

Sold: 1 (+1)

(Change from previous week.)

Introduction

As of today 2/9/2010, there are 30 active listings (+3) in MLS and 18 homes (0) under contract in last 30 days. This gives us an absorption rate of 1.7 which is little worse than last week's rate of 1.5.

Here's the breakdown of the active listings:

19 Traditional Resales (+2), 1 Foreclosure (0) and 10 Short Sales (+1).

Click here to view all active listings via FranklyMLS.com.

There's some non-Brambleton listings so just look at the subdivision.

Click here to view all homes under contract via FranklyMLS.com.. There's some non-Brambleton listings so just look at the subdivision.

New

5 new listings came out during the period of 2/8/10 to 2/14/10.

Condo

1. Centex Logan. $250,000. (Short Sale)

2. Centex Logan. $270,000. (Short Sale)

3. Centex O'Hare. $349,900.

Townhouse

1. Beazer chancery. $429,950.

Single Family

1. Gulick Winthrope. $864,900.

Under Contract

According to MLS, one normal resale went under contract during 2/8/10 to 2/14/10.

Townhouse

1. Beazer Chancery. $420,000. DOMM/DOMP: 9/9.

Sold

According to MLS, one short sale closed this week.

Condo

1. Summerfield Napoli. 42435 HOLLYHOCK TER #202. $179,900 - $0 = $179,900. DOMM/DOMP: 59/59. (Short Sale)

Conclusion

Snow = Slow

Disclaimer: Information is deemed reliable but not guaranteed. MLS data was used which means For Sale By Owner information may have not been included. All homes entered as comps (e.g. new construction) were removed as well. MLS data is subject to human errors such as agents entering wrong values. This is not an appraisal but purely for informative purposes only. If you spot an error, please email me.