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.

Brambleton Weekly Update for 11/23/09 to 11/29/09

Quick Brambleton Summary

New Listings: 1 (-7)
Under Contract: 4 (+4)

Sold: 1 (-1)

(Change from previous week.)

Ashburn Market Trends

Introduction

As of today 12/2/2009, there are 39 active listings (-2) in MLS and 12 homes (-3) under contract in last 30 days. This gives us an absorption rate of 3.25 which is worse that last week's rate of 2.7.

Here's the breakdown of the active listings:

23 New Constructions (-1) , 11 Traditional Resales (0), 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

1 new listings came out during the period of 11/23/09 to 11/29/09.

Townhouse

1. Beazer Chancery. $435,000.

Under Contract

According to MLS, 4 homes went under contract during 11/23/09 to 11/29/09.

Townhouse

1. Centex Stratton. $329,950. DOMM/DOMP: 7/7.

Single Family

1. Centex Fulton. $549,900. DOMM/DOMP: 4/4. (Potential Short Sale)*

2. Centex Harrison. $587,900. DOMM/DOMP: 8/8. (Short Sale)

3. Winchester Homes Browning. $699,900. DOMM/DOMP: 39/39. (Short Sale)

*This property has not been clearly listed as short sale. It does say "as-is" and potential short sale .

Sold

According to MLS, one home settled during this period.

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

Condo

1. Summerfield Sienna. 22655 BLUE ELDER TER #302. $200000 - $0 = $200,000. DOMM/DOMP: 5/5.

Conclusion

Nothing new. If you have any questions concerning buying or selling in Brambleton or in Northern Virginia, feel free to email meor call me. If you are considering a short sale, you can visit my short sale blogVirginiaShortSaleExpert.com.

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 11/16/09 to 11/22/09

Quick Brambleton Summary

New Listings: 8 (+4)
Under Contract: 0 (-4)

Sold: 2 (+1)

(Change from previous week.)

Ashubrn Real Estate Market (20148) I will provide weekly market data for 20148 zip code from this week on.
Median Price. Inventory

Average Days on Market Median Market Action Index

Introduction

As of today 11/25/2009, there are 41 active listings (+5) in MLS and 15 homes (0) under contract in last 30 days. This gives us an absorption rate of 2.7 which is worse that last week's rate of 2.4.

Here's the breakdown of the active listings:

24 New Constructions (-2) , 11 Traditional Resales (+1), 0 Foreclosure (0) and 6 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

8 new listings came out during the period of 11/16/09 to 11/22/09.

Condo

1. Beazer Aspen. $289,990. (New Construction)

2. Beazer Aspen. $295,185. (New Construction)

3. Beazer Vail. $316,645. (New Construction)

Townhouse

*1. Centex Walden. $349,900.

2. Miller & Smith Merlin. $399,000

Single Family

1. Miller & Smith Spirit of St Louis.

2. Centex Fulton. $549,900. (Under Contract)

3. Centex Harrison. $587,900. (Short Sale, Under Contract)

4. Beazer Berkely. $699,000. (Short Sale)

*This townhome was purchased for $315,000 last year as a short sale. Short sales present great opportunity for buyers. In my opinion, short sales are better deals than foreclosures.

Under Contract

According to MLS, no homes went under contract during 11/16/09 to 11/22/09.

Sold

According to MLS, two homes settled during this period.

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

Condo

1. Summerfield Napoli. 22668 BLUE ELDER TER #303. $189,900 - $5,967 = $183,933. DOMM/DOMP: 13/13. (Short Sale)

2. Summerfield Verona. 42425 GOLDENSEAL SQ. $196,000 - $6,700 = $189,300. DOMM/DOMP: 43/43. (Short sale)

Townhouse

*1. Beazer Chancery. 42505 CORTEZ TER. $375,000 - $0 = $375,000. DOMM/DOMP: 6/6. (Short Sale)

Single Family

*1. Centex Porter. 42585 REGAL WOOD DR. $569,900 - $0 = $569,900. DOMM/DOMP: 14/14.

*These two homes settled after 11/22/09 so they will be mentioned again next week.

Conclusion

Summerfield condo is getting rocked. Pretty much anyone trying to sell in Summerfield has to resort to short sales. This past week, I sold a short sale on 42425 GOLDENSEAL SQ for $189,300 net price. The seller purchased the condo for $372,900 in 2006. It's almost half price! To learn about short sales, you can visit my short sale blog to learn more about it. It gets over 3,000 visitors a month.

If you have any questions concerning buying or selling in Brambleton or in Northern Virginia, feel free to email meor call me. If you are considering a short sale, you can visit my short sale blogVirginiaShortSaleExpert.com.


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 11/9/09 to 11/15/09

Quick Summary

New Listings: 4 (0)
Under Contract: 4 (+1)

Sold: 1 (+1)

(Change from previous week.)


Introduction

As of today 11/17/2009, there are 36 active listings (0) in MLS and 15 homes (0) under contract in last 30 days. This gives us an absorption rate of 2.4 which is same as last week's rate of 2.4.

Here's the breakdown of the active listings:

19 New Constructions (-2) , 10 Traditional Resales (+1), 0 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 11/2/09 to 11/8/09.

Condo

1. Summerfield Roma. $199,900. (Short Sale)

2. Summerfield Verona. $314,900.

Single Family

1. Miller & Smith Rhapsody. $530,222. (New Construction)

2. Gulick Townsend. $1,149,500. (New Costruction)

Under Contract

According to MLS, 4 homes went under contract during 11/9/09 to 11/15/09.

Condo

1. Centex Logan. $285,090. DOMM/DOMP: 8/0. (New Construction)

2. Centex O'Hare. $329,900. DOMM/DOMP: 44/44.

3. Centex O'Hare. $352,215. DOMM/DOMP: 37/0. (New Construction)

Townhouse

1. Centex Middleton. $319,000. DOMM/DOMP: 18/18.

Sold

According to MLS, one home settled during this period.

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

Single Family

1. Gulick Winthrop. 23092 OGLETHORPE CT. $885,000 - $10,000 = $875,000. DOMM/DOMP: 112/112.

Conclusion

Nothing new.

If you have any questions concerning buying or selling in Brambleton or in Northern Virginia, feel free to email meor call me. If you are considering a short sale, you can visit my short sale blogVirginiaShortSaleExpert.com.


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 11/2/09 to 11/8/09

Quick Summary

New Listings: 4 (0)
Under Contract: 3 (-3)

Sold: 0 (-2)

(Change from previous week.)


Introduction

As of today 11/11/2009, there are 36 active listings (+4) in MLS and 15 homes (+1) under contract in last 30 days. This gives us an absorption rate of 2.4 which is worse than last week's rate of 2.3.

Here's the breakdown of the active listings:

21 New Constructions (+2) , 9 Traditional Resales (-1), 0 Foreclosure (0) and 6 Short Sales(+3).

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 11/2/09 to 11/8/09.

Condo

1. Centex Logan. $285,090. (New Construction)

Townhouse

1. Centex Stratton. $329,950.

Single Family

1. Miller & Smith Clara Bow. $601,095. (New Construction)

2. Stanley Martin Ballou III. $799,900.

Under Contract

According to MLS, 3 homes went under contract during 11/2/09 to 11/8/09.

Townhouse

1. Centex Stratton. $329,950. DOMM/DOMP: 4/4.

2. Beazer Chancery: $395,000. DOMM/DOMP: 0/0. (Short Sale)

Single Family

1. Winchester Homes Chelsea. $629,900. DOMM/DOMP: 5/5.

Sold

No home settled this past week.

Conclusion

Nothing new.

If you have any questions concerning buying or selling in Brambleton or in Northern Virginia, feel free to email meor call me. If you are considering a short sale, you can visit my short sale blogVirginiaShortSaleExpert.com.


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 10/27/09 to 11/1/09

Quick Summary

New Listings: 4 (+1)
Under Contract: 6 (+2)
Sold: 2 (-3)

(Change from previous week.)


Introduction

As of today 11/3/2009, there are 32 active listings (+2) in MLS and 14 homes (-1) under contract in last 30 days. This gives us an absorption rate of 2.3 which is worse than last week's rate of 2.0.

Here's the breakdown of the active listings:

19 New Constructions (-1) , 10 Traditional Resales (+2), 0 Foreclosure (0) and 3 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 10/27/09 to 11/1/09.

Condo

1. Summerfield Florence. $175,000. (Short Sale)

Townhouse

1. Miller & Smith Merlin. $399,000.

Single Family

1. Winchester Homes Chelsea. $629,900. (Under Contract)

2. Gulick Townsend. $650,000. (Short Sale, Under Contract)

Under Contract

According to MLS, 6 homes went under contract during 10/27/09 to 11/1/09.

Condo

1. Summerfield Venice. $199,900. DOMM/DOMP: 5/5.

Townhouse

1. Beazer Chancery. $395,000. DOMM/DOMP: 0/0. (Short Sale)

2. Beazer Chancery. $399,900. DOMM/DOMP: 16/16. (Short Sale)

Single Family

1. Miller & Smith Clara Bow. $549,900. DOMM/DOMP: 8/8. (Short Sale)

2. Gulick Townsend. $650,000. DOMM/DOMP: 0/0. (Short Sale)

3. Gulick Vincent. $775,000. DOMM/DOMP: 152/152. (Short Sale)

*5 out of 6 homes that went under contract this past week are short sales. Learn more about short sales here.

Sold

2 homes sold during this period. All were distressed properties.

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

Condo

1. Summerfield Milano. 42481 ROCKROSE SQ #304. $165,000 - $5,000 = $160,000. DOMM/DOMP: 30/30.(Short Sale)

Single Family

1. Centex Fulton. 23053 MINERVA Dr. $526,000 - $0 = $526,000. DOMM/DOMP: 6/6. (Short Sale)

Conclusion

Nothing new. I do notice the market slowing down. I think the seasonal slowdown is slowly kicking in. I'll report on this more later.

If you have any questions concerning buying or selling in Brambleton or in Northern Virginia, feel free to email me or call me. If you are considering a short sale, you can visit my short sale blog VirginiaShortSaleExpert.com.


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.