Weekly Brambleton Real Estate Update for 6/15/09 to 6/21/09

Quick Summary

New Listings: 7 (+5)

Under Contract: 6 (-1)

Sold: 2 (0)

(Change from prior week.)

Introduction

As of today 6/24/2009, there are 46 active listings (+1) in MLS and 20 homes (0) under contract in last 30 days.  This gives us an absorption rate of 2.3 which slighlty worse than last week's rate of 2.2.  Here's the breakdown of the active listings:

21 New Constructions (-3) , 12 Traditional Resales (0),  1 Foreclosures (+1) and 11 Short Sales (0).

New

7 new listings came out during the period of 6/15/09 to 6/21/09.

Condo

1. Summerfield Milano. 42481 ROCKROSE SQ #101. $169,000.* 

2. Summerfield Verona. 22761 FOUNTAIN GROVE SQ. $209,000. (Short Sale)*

3. Summerfield Florence. 22664 BLUE ELDER TER #204. $230,000. 

4. Centex Logan. 42571 HIGHGATE TER #27I. $269,990. (New Construction)

5. Centex Archer. 22727 BEACON CREST TER #24I. $302,450. (New Construction)

6. Beazer Vail. 42603 CARDINAL TRACE TER #10J. $318,900.*

7. Centex O'Hare. 42573 HIGHGATE TER #27J. $324,990. (New Construction)

Townhouse

1. Beazer Chancery. 42468 LEGACY PARK DR. $415,000. (Under Contract)

Single Family

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

2. Beazer Avery(?). 23086 MERIWEATHER CT. $619,000. (Short Sale)*

3. Centex Princeton. 42898 CONQUEST CIR. $650,000. (Short Sale, Under Contract)

*These listings came on the market on 6/22/09 so technically it belongs in next week's update.

Under Contract

According to MLS, 6 homes went under contract this past week.

Condo

1. Summerfield Napoli. 42435 HOLLYHOCK TER #302. $205,000. DOMM/DOMP: 99/99.

2. Beazer Aspen. 22746 VERDE GATE TER.  $279,000. DOMM/DOMP: 216/216. (Short Sale)

Single Family

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

2. Stanley Martin Ballou III. 42571 GOOD HOPE LN. $435,000. DOMM/DOMP: 25/240. (Short Sale)

3. Centex Porter. 42572 SWALLOWTAIL WAY. $499,000. DOMM/DOMP: 3/3.

4. Centex Princeton. 42898 CONQUEST CIR. $650,000. DOMM/DOMP: 1/1.

Sold

According to MLS, 2 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)

Single Family

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

Conclusion

Nothing new.  This is the best time to sell if you're thinking about selling. 

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.