Weekly Brambleton Real Estate Update for 6/29/09 to 7/5/09

Quick Summary

New Listings: 4 (-4)

Under Contract: 5 (+3)

Sold: 1 (-4)

(Change from previous week.)

Introduction

If you have any questions concerning buying or selling in Brambleton or in Northern Virginia, feel free to call me at 703-401-0571 or email me.  If you are considering a short sale, you can vist my short sale blog  VirginiaShortSaleExpert.com.

As of today 7/6/2009, there are 45 active listings (-3) in MLS and 22 homes (-1) under contract in last 30 days.  This gives us an absorption rate of 2.0 which better than last week's rate of 2.1.  This is the lowest absorption rate since I've been tracking it since 2008.  Here's the breakdown of the active listings:

24 New Constructions (-1) , 14 Traditional Resales (+1),  0 Foreclosure (0) and 7 Short Sales (-4).

New

4 new listings came out during the period of 6/29/09 to 7/5/09.

Single Family

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

2. Miller & Smith Rhapsody. 23386 HIGBEE LN.  $532,835. (New Contruction) 

3. Beazer Farnham. 42771 CONQUEST CIR. $550,000.

4. Beazer Ashley. 23085 RED ADMIRAL PL. $569,000.

Under Contract

According to MLS, 5 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.

3. Centex Aspen. 22801 SETTLERS TRAIL TER. $299,900.  DOMM/DOMP: 44/44.

Single Family

1. Beazer Bentley.  42879 CONQUEST CIR. DOMM/DOMP: 5/5. (Short Sale)

2. Centex Carlson. 22818 ARBOR VIEW DR. $629,900. DOMM/DOMP: 83/83. (Short Sale)

Sold

According to MLS, 1 home settled this past week.

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

Townhouse

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

Scheduled to Have Settled Between 6/29 to 7/5 But Not Yet Settled

1. Beazer Chancery. 42505 Cortez Ter. List Price: $349,888.  DOMM/DOMP: 6/6. (Short Sale)

2. Miller & Smith Merlin. 23431 TWIN FALLS TER. List Price: $373,710. (New Construction)

3. Stanley Martin Elden III. 42635 EXPLORER DR. List Price: $430,000. (Short Sale)

Conclusion

Nothing new.  The absorption rate since I've been tracking.  Also, be on the look out for Q2 summary soon.

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.