Brambleton Weekly Update for 1/18/10 to 1/24/10

Quick Brambleton Summary

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

Sold: 0 (-2)

(Change from previous week.)

Introduction

Starting this week, I'll put Ashburn market data on a monthly basis instead of weekly basis. Here we go.

As of today 1/25/2009, there are 26 active listings (-1) in MLS and 10 homes (+1) under contract in last 30 days. This gives us an absorption rate of 2.6 which is better than last week's rate of 3.0.

Here's the breakdown of the active listings:

16 Traditional Resales (-1), 1 Foreclosure (0) and 9 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

4 new listings came out during the period of 1/18/10 to 1/24/10.

Condo

1. Centex O'Hare. $387,000.

Townhouse

1. Beazer Chancery. $350,000. (Short Sale)

2. centex Stratton. $380,000. (Short Sale)

3. Beazer Chancery. $439,900.

Single Family

1. Miller & Smith Rhapsody. $435,000. (Short Sale, Under Contract)*

*This is my short sale listing. I did the very first short sale in Brambleton in 2007. You can check out my short sale blog, VirginiaShortSaleExpert.com. I have been involved in over 50 short sales. If you or someone you know is upside down in mortgage, contact me for free, private consultation.

Under Contract

According to MLS, 3 homes went under contract during 1/18/10 to 1/24/10.

Single Family

1. Miller & Smith Rhapsody. $435,000. DOMM/DOMP: 4/4. (Short Sale)

2. Centex Fulton. $479,000. DOMM/DOMP: 13/13. (Short Sale)

3. Centex Fulton. $525,000. DOMM/DOMP: 18/18. (Short Sale)

*All 3 homes under contracts are short sale. Get used to this.

Sold

According to MLS, no home settled during this period.

Conclusion

Short sales, short sales, short sales....

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.

Brambleton Weekly Update for 1/11/10 to 11/17/10

Quick Brambleton Summary

New Listings: 6 (+3)
Under Contract: 5 (+4)

Sold: 2 (+1)

(Change from previous week.)

Ashburn Market Trends

Introduction

As of today 1/19/2009, there are 27 active listings (+1) in MLS and 9 homes (+4) under contract in last 30 days. This gives us an absorption rate of 3.0 which is better than last week's rate of 5.2.

Here's the breakdown of the active listings:

17 Traditional Resales (0), 1 Foreclosure (0) and 9 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

6 new listings came out during the period of 1/11/10 to 1/17/10.

Condo

1. Summerfield Milano. $145,000. (Short Sale)

2. Summerfield Napoli. $189,900. (Short Sale)

3. Beazer Aspen. $265,000. (Short Sale)

4. Summerfield Sienna. $265,000.

*I believe around 75%+ of Summerfield listings are either short sale or foreclosure.

Single Family

1. Centex Porter. $569,900.

2. Miller & Smith Clara Bow. $650,000.

Under Contract

According to MLS, 5 homes went under contract during 1/11/10 to 1/17/10.

Condo

1. Summerfield Verona. $239,900. DOMM/DOMP: 36/36.

Townhouse

1. Centex Walden. $339,900. DOMM/DOMP: 61/145.*

2. Miller & Smith Merlin. $399,000. DOMM/DOMP: 58/58.

Single Family

1. Stanley Martin Ballou. $435,000. DOMM/DOMP: 31/246. (Short Sale)

2. Beazer Berkeley. $649,900. DOMM/DMOP: 57/57. (Short Sale)

3. Gulick Winthrop. $799,900. DOMM/DOMP: 23/175.

*Centex Walden went under contract on 1/18/10 so technically this listing should be on next week's update.

Sold

According to MLS, 2 homes settled during this period.

Format: Model. Address. Sold Price - Subsidy = Net Price. DOMM/DOMP.

Townhouse

1. Beazer Chancery. 22946 OLYMPIA DR. $350,000 - $0 = $350,000. DOMM/DOMP: 12/12. (Short Sale)*

*This is a great deal. Imagine over 3,000 sq ft townhome for $350,000. Only with short sales can you get this kind of deal.

Single Family

1. Miller & Smith Spirit of St. Louis. 22794 COURTLAND PARK DR. $540,000 - $0 = $540,000. DOMM/DOMP: 27/156.*

*Miller & Smith Spirit of St. Louis models tend to take a while to sell compared to other models. This is true even in seller's market. If I remember correctly, this home went under contract at least 3 times. This model is more or less the precursor to the popular Clara Bow.

Conclusion

Market is picking up.

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.

Brambleton Weekly Update for 1/4/10 to 1/10/10

Quick Brambleton Summary

New Listings: 3 (+2)
Under Contract: 1 (+1)

Sold: 2 (+1)

(Change from previous week.)

Ashburn Market Trends

Introduction

As of today 1/13/2009, there are 26 active listings (+4) in MLS and 5 homes (-3) under contract in last 30 days. This gives us an absorption rate of 5.2 which is worse that last week's rate of 3.7.

Here's the breakdown of the active listings:

17 Traditional Resales (0), 1 Foreclosure (0) and 7 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

4 new listings came out during the period of 1/4/10 to 1/10/10.

Townhouse

1. Centex Fulton. $525,000. (Short Sale)

2. Miller & Smith Rhapsody. $549,900.

3. Centex Carlton. $675,000.

Under Contract

According to MLS, 1 home went under contract during 1/4/10 to 1/10/10.

Townhouse

1. Miller & Smith Merlin. $375,000. DOMM/DOMP: 34/64.

Sold

According to MLS, 1 home settled during this period.

Format: Model. Address. Sold Price - Subsidy = Net Price. DOMM/DOMP.

Single Family

1. 42504 LEGACY PARK DR. Beazer Chancery. $415,000 - $0 = $415,000. DOMM/DOMP: 5/5.*

2. 23077 RUSHMORE CT. Centex Harrison. $650,000 - $0 = $650,000. DOMM/DOMP: 81/81.

*42504 LEGACY PARK DR was a short sale listing at one point. However, the second lien refused to release the lien unless they get substantial amount of money. Well, it foreclosed and they got no money.

Conclusion

Nothing new.

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.

Brambleton Weekly Update for 12/28/09 to 1/3/10

Quick Brambleton Summary

New Listings: 1 (-3)
Under Contract: 0 (-2)

Sold: 1 (0)

(Change from previous week.)

Ashburn Market Trends

Introduction

Happy New Year! I wish you a wonderful and prosperous year.

I'm tweaking my weekly update by removing new home listings in MLS. Since most listings just state base price, the numbers can be deceiving. I will focus exclusively on resale information. So here it is.

As of today 1/4/2010, there are 22 resale listings in MLS and 6 homes under contract in last 30 days. This gives us an absorption rate of 3.7.

Here's the breakdown of the active listings:

16 Traditional Resales (+2), 1 Foreclosure (0) and 5 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

2 new listings came out during the period of 12/28/09 to 1/3/10.

Single Family

1.Centex Fulton. $525,000. (Short Sale)*

2. Centex Porter. $549,000.

*This listing hit the market on 1/4/10 so it should technically belong to next week's update.

Under Contract

No home went under contract in this week.

Sold

According to MLS, 1 home settled during this period.

Format: Model. Address. Sold Price - Subsidy = Net Price. DOMM/DOMP.

Townhouse

42537 REGAL WOOD DR. $337,500 - $2,000 = $335,500. DOMM/DOMP: 11/11. (Foreclosure)

Conclusion

It's the calm before the storm. 2010 will be very, very active with majority of sales being short sales.

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.

Brambleton Weekly Update for 12/21/09 t0 12/27/09

Quick Brambleton Summary

New Listings: 1 (0)
Under Contract: 1 (-1)

Sold: 1 (0)

(Change from previous week.)

Ashburn Market Trends

Introduction

As of today 12/29/2009, there are 45 active listings (+4) in MLS and 14 homes (-3) under contract in last 30 days. This gives us an absorption rate of 3.2 which is worse that last week's rate of 2.8.

Here's the breakdown of the active listings:

26 New Constructions (+1) , 16 Traditional Resales (+2), 1 Foreclosure (+1) and 2 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

1 new listing came out during the period of 12/21/09 to 12/27/09.

Single Family

1. Gulick Vincent. $799,900.

*Short sale failed and this home foreclosed and now relisted.

Under Contract

According to MLS, 1 home went under contract during 12/21/09 t0 12/27/09.

Condo

1. Summerfield Napoli. $179,900. DOMM/DOMP: 59/59. (Short Sale)

Sold

According to MLS, 1 home settled during this period.

Format: Model. Address. Sold Price - Subsidy = Net Price. DOMM/DOMP.

Single Family

1. Centex Stratton. 22948 ROSE QUARTZ SQ. $321,500 - $3,944 = $317,556. DOMM/DOMP: 9/9.

Conclusion

No significant update.

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.

Brambleton Real Estate Weekly Update for 12/7/09 to 12/13/09

Quick Brambleton Summary

New Listings: 4 (-1)
Under Contract: 2 (-2)

Sold: 1 (-2)

(Change from previous week.)

Ashburn Market Trends

Introduction

As of today 12/14/2009, there are 46 active listings (+4) in MLS and 9 homes (-3) under contract in last 30 days. This gives us an absorption rate of 5.1 which is worse that last week's rate of 3.5.

Here's the breakdown of the active listings:

26 New Constructions (+1) , 14 Traditional Resales (+2), 1 Foreclosure (+1) and 5 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

4 new listings came out during the period of 12/7/09 to 12/13/09.

Condo

1. Summerfield Milano. $149,900. (Foreclosure)*

2. Summerfield Verona. $249,900.

Townhouse

1. Centex Middleton. $339,000.

2. Beazer Chancery. $425,000.

*Foreclosure listings have really slowed down. Banks prefer to do a short sale versus foreclosuring.

Under Contract

According to MLS, 2 homes went under contract during 12/07/09 to 12/13/09.

Condo

1. Centex Strattton. $329,950. DOMM/DOMP: 9/9.

Single Family

1. Miller & Smtih Spirit of St. Louis. $549,900. DOMM/DOMP: 24/153

Sold

According to MLS, 1 home settled during this period.

Format: Model. Address. Sold Price - Subsidy = Net Price. DOMM/DOMP.

Single Family

1. Beazer Bentley. 42879 CONQUEST CIR. $575,000 - $16,500 = $558,500. DOMM/DOMP: 5/5. (Short Sale)*

*Beazer Bentley for $558,500 is a great deal!

Conclusion

Nothing new. The market is a little slower but that's expected around the holidays.

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.

Brambleton Weekly Update for 11/30/09 to 12/6/09

Quick Brambleton Summary

New Listings: 5 (+4)
Under Contract: 4 (0)

Sold: 3 (+2)

(Change from previous week.)

Ashburn Market Trends

Introduction

As of today 12/9/2009, there are 42 active listings (+3) in MLS and 12 homes (-3) under contract in last 30 days. This gives us an absorption rate of 3.5 which is worse that last week's rate of 3.3.

Here's the breakdown of the active listings:

25 New Constructions (+2) , 12 Traditional Resales (+1), 0 Foreclosure (0) and 5 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 11/30/09 to 12/6/09.

Townhouse

1. Van Metre The Plaza. $329,990. (New Construction)*

2. Van Metre The Gramercy. $339,999. (New Construction)*

3. Van Metre The Hudson. $349,990, (New Construction)*

4. Miller & Smith Merlin. $375,000.**

*Van Metre has started the townhouse sales in Brambleton for the very first time. This is exciting. One thing I love about Brambleton is the diversity in architectural style and the variety of floor plans available. It's not like South Riding where you have new townhomes that look pretty much the same.

**This is a relist.

Single Family

1. Centex Carlson. $595,900

Under Contract

According to MLS, 4 homes went under contract during 11/30/09 to 12/6/09.

Condo

1. Summerfield Florence. $150,000. DOMM/DOMP: 113/113. (Short Sale)

2. Summerfield Roma. $169,900. DOMM/DOMP: 23/23. (Short Sale)

3. Summerfield Verona. $215,000. DOMM/DOMP: 2/2. (Short Sale, Sold)

Summerfield condos are getting destroyed. I think over 80% of sales will be short sales or foreclosure for 2010.

Townhouse

1. Beazer Chancery. $435,000. DOMM/DOMP: 5/5.

Sold

According to MLS, 3 homes settled during this period.

Format: Model. Address. Sold Price - Subsidy = Net Price. DOMM/DOMP.

Condo

1. Summerfield Verona. 2577 BLUE ELDER TER. $215,000 - $5,930. DOMM/DOMP: 2/2. (Short Sale)

Townhouse

1. Centex Middleton. 22818 EDSON TER. $319,000 - $0 = $319,000. DOMM/DOMP: 18/18.

Single Family

1. Winchester Homes Chelsie. 22825 PORTICO PL. $621,450 - $5,000 = $616,450. DOMM/DOMP: 5/5.

Conclusion

Nothing new. The market is a little slower but much more active than this time last year.

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.