Weekly Brambleton Real Estate Update for 6/22/09 to 6/28/09

Quick Summary

New Listings: 8 (+1)

Under Contract: 2 (-4)

Sold: 5 (+3)

(Change from prior week.)

Introduction

If you have any questions concerning buying or selling in Brambleton or rest of Northern Virginia, feel free to call me at 703-401-0571 or email me.  

As of today 6/30/2009, there are 48 active listings (+2) in MLS and 23 homes (+3) under contract in last 30 days.  This gives us an absorption rate of 2.1 which better than last week's rate of 2.3.  Here's the breakdown of the active listings:

25 New Constructions (+4) , 13 Traditional Resales (+1),  0 Foreclosure (-1) and 11 Short Sales (0).

New

8 new listings came out during the period of 6/22/09 to 6/29/09.

Condo

1. Summerfield Como. 22769 FOUNTAIN GROVE SQ. $149,900 (Short Sale, Under Contract)

2. Summerfield Milano. 42481 ROCKROSE SQ #101. $169,000. (Short Sale)

3. Summerfield Verona. 22761 FOUNTAIN GROVE SQ. $209,000. 

Townhouse

1. Beazer Chancery. 42493 CORTEZ TER. $415,000. 

Single Family

1. Stanley Martin Frost. RINGNECK PL. $444,990. (New  Construction)

2. Miller & Smith Rhapsody. 23396 GARDENWALK DR. $520,795. (New Construction)*

3. Miller & Smith Rhapsody. 23386 HIGBEE LN.  $532,835*

4. Beazer Farnham. 42771 CONQUEST CIR. $550,000.*

5. Beazer Ashley. 23085 RED ADMIRAL PL. $569,000.*

6. Beazer Bentley. 42879 CONQUEST CIR. $609,900

7. Beazer Avery/Bently(?). 23086 MERIWEATHER CT. $619,900.

8. Gulick Winthrop. 23092 OGLETHORPE CT. $890,000.

*These homes came on the market after 6/29/09 so they should be mentioned in next week's update.

Under Contract

According to MLS, 2 homes went under contract this past week.

Condo

1. Summerfield Como. 22769 FOUNTAIN GROVE SQ. $149,900. DOMM/DOMP: 2/2. (Short Sale)*

2. Summerfield Milano. 42481 ROCKROSE SQ #101. $169,000. DOMM/DOMP: 5/5. (Short Sale)*

3. Summerfield Sienna. 42481 ROCKROSE SQ #302. $185,000. DOMM/DOMP: 175/175. (Short Sale)

Townhouse

1. Centex Walden. 22946 ROSE QUARTZ SQ. $330,148.  DOMM/DOMPP: 18/18. (Foreclosure)*

2. Beazer Chancery. 42468 LEGACY PARK DR. $415,000. DOMM/DOMP: 7/7. 

*These homes went under contract after 6/29 so they belong in next week's update.

Sold

According to MLS, 5 homes settled this past week.

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

Townhouse

1. Centex Stratton. 42417 BOWDITCH SQ. $303,500 - $9,105 = $294,395. DOMM/DOMP: 19/19. (Foreclosure)

2. Miller & Smith Merlin. 23456 TWIN FALLS TER. $396,720 - $10,000 = $386,720.  DOMM/DOMP: 38/38. (New Construction)

Single Family

1. Stanley Martin Ballou III. 23084 PECOS LN. $481,000 - $3,500 = $487,500.  DOMM/DOMP:   4/4. (Foreclosure)

2. Beazer Devlin. 42774 CONQUEST CIR. $471,000 - $10,000 = $461,000.  DOMM/DOMP: 8/55. (Foreclosure)

3. Miller & Smith Clara Bow. 23252 HICKOX DR. $586,842 - $17,605 = $569,237. DOMM/DOMP: 80/80.

Conclusion

Nothing new.  2009 Q2 summary is coming soon.  Be on the lookout. 

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.