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.