Weekly Brambleton Real Estate Update for 6/1/09 to 6/7/09

Quick Summary

New Listings: 5 (+3)

Under Contract: 7 (+5)

Sold: 3 (-4)

(Change from prior week.)

Introduction

It was a very uneventful week in terms of Brambleton real estate so here we go with this week's update.

As of today 6/10/2009, there are 48 active listings (-1) in MLS and 22 homes (+1) under contract in last 30 days.  This gives us an absorption rate of 2.2 which is better than last week's rate of 2.3.  Here's the breakdown of the active listings:

24 New Constructions (-1) , 12 Traditional Resales (+1),  1 Foreclosures (+1) and 11 Short Sales (-1).

New

According to MLS, there were 5 new listings.

Condo

1. Centex Logan.  42645 HIGHGATE TER. $279,000. (Under Contract)

Townhouse

1. Centex Middleton. 42535 MAGELLAN SQ. $315,000. 

2. Centex Stratton.  22946 ROSE QUARTZ SQ. $330,148. (Foreclosure)

Single Family

1. Winchester Lansdale. 42440 SPRING SPLENDOR DR. $599,900. (New Construction)

2. Centex Carlson. 22766 BROOKSHADE DR. $649,999.

From now on, I will not comment on active listings.  I'll comment on homes under contract or sold.  You can email me and I'll give you my opinion on any active listings. 

Under Contract

According to MLS, 7 homes went under contract this past week.

Condo

1. Summerfield Como. 42459 ROCKROSE SQ. $159,900. DOMM/DOMP: 142/106. (Short Sale)

2. Centex Logan. 42625 HIGHGATE TER. $279,900. DOMM/DOMP: 5/5. 

Townhouse

1. Centex Courtland.  42536 MAGELLAN SQ.  $334,900. DOMM/DOMP: 24/24.

2. Beazer Chancery. 42479 GREENSIDE DR. $390,000.  DOMM/DOMP: 48/0. (Short Sale)

3. Beazer Chancery. 22946 OLYMPIA DR. $500,000. DOMM/DOMP: 12/12. (Short Sale)

Single Family

1. Miller & Smith Fannie Ward. 23362 HIGBEE LN. $472,320. DOMM/DOMP: 203/203. (New Construction)

2. Gulick Vincent. 23044 MINERVA DR. DOMM/DOMP: 97/97. (Short Sale)

Sold

According to MLS, 3 homes settled this past week.

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

Condo

1. Summerfield Como. 42435 GOLDENSEAL SQ. $129,000 - 0 = $129,000. DOMM/DOMP: 85/85. (Foreclosure)

Single Family

1. Stanley Martin Elden. 42635 EXPLORER DR.  Not Yet Closed. List Price: $430,000.  DOMM/DOMP: 13/13. (Short Sale)

2. Gulick Townsend. 23043 PARKVIEW DR.  Not Yet Closed. List Price: $665,000.

 DOMM/DOMP: 25/25. (Foreclosure)

Conclusion

Nothing new. I do have Beazer Chancery townhome coming on the market late this month.   Contact me with any questions.

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.