Cedar Lakes Homes Weekly Report 11/21/08-11/27/08

INTRODUCTION

HAPPY THANKSGIVING !

As of today (November 27, 2008 12 PM there are 8 active homes in Cedar Lakes (Same as last week) and 5 homes that are currently under contract and 1 homes that have sold in the last 30 days.

Here’s the breakdown of all active listings in MLS:

Condos- 5 - Average DOMP - 101 days

Cedar Lakes A - 2 (1 regular sales)
Christopher at Cedar Lakes - 4 (2 short sales, 1 bank owned, 1 regular sale)

Townhomes- 3 - Average DOMP - 69 days

Carr at Cedar Lakes - 1 (regular sale)
Cedar Lakes - 2 (2 short sales)


NEW LISTINGS

According to MLS, there was 0 new listing this week.


UNDER CONTRACT

According to MLS, there are 3 townhomes (1 short sale, 1 regular sale, 1 bank owned) and 2 condos under contract (1 short sale, 1 regular sale)

4256 Wheeled Caisson Sq - (12 DOMP) TH 3bd/3ba

12491 Hayes Ct #202 - (23 DOMP) Condo 2bd/2ba

4338 THOMAS BRIGADE LN - 16 Days On The Market (DOMP) TH - 4bd/3ba

12437 ERICA HILL LN - (90 DOMP) TH - 4bd/3ba

12461 HAYES CT #203 - (41 DOMP) Condo 2bd/2ba


I will have the final numbers for these once they close


SOLD

According to MLS, 1 home has sold in the last 30 days .

4310R CANNON RIDGE CT #90 - (218 DOMP) Condo 2bd/2ba

List Price - 375,000
Sales Price - 345,000
Seller Subisdy - 0


Fairfax Condos Sold for 2007 vs. 2008




Fairfax Townhomes Sold for 2007 vs 2008





These stats are for all real estate in the 22033 zip code for the Month of October

	2008	2007	% Change
Total Sold $ Volume	$13,514,790	$17,929,266	-24.6%
Avg. Sold Price	$409,539	$484,575	-15.4%
Median Sold Price	$374,000	$410,000	-8.7%
Total Units Sold	33	37	-10.8%
Avg. Days on Market	81	87	-6.9%
Avg. List Price for Solds:	$432,953	$515,425	-16%
Avg. Sale Price as a percentage of Avg. List Price:	94.59%	94.01%

EXPIRED or WITHDRAWN

There has been 1 listings that have been taken off the market in the last 30 days.


RENTALS - 1 new TH has come on the market this week

There are currently 4 townhomes and 5 condos for rent

Townhomes - 3 - (3bd/3ba) 1 - (4bd/3ba)
Condos - 4 - (2bd/2ba) 1 - (3bd/2ba)

3 townhomes have been rented out in the past month.

If you need any help finding a rental or listing your condo for rent, please contact us.

We will take care of all the work for you and do background checks on the applicants to make sure they are qualified.


OBSERVATIONS

Not much movement happening at Cedar Lakes right now. The one condo at Christopher at Cedar Lakes closed. The final sales price of 345k is a healthy sales price compared to neighboring fairfax condos. 2bedroom units elsewhere are selling much lower.

This condo was in excellent shape with many upgrades which contributed to the high sales price for this market right now.

There are still 5 homes under contract that should be closing in December. We will have these final numbers for you once they close.

Interest rates are very low right now. If you are currently renting and have 10,000$ for a downpayment. You seriouly need to be considering buying right now in this market. Contact us to see if we can help you.




Disclaimer: Information was gathered from the MLS and is deemed reliable but not guaranteed.

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Interest Rates Drop !!

I just wanted to shoot a note. Interest rates just took a huge dip today ! I am going to get more info from my Lender hopefully before Thanksgiving.

This means if you have been on the fence to buy , you need to get in the game today ! If interest rates go back up to where they were the other day , you overall payment goes way up and how much home you can afford goes way down!

A 300k loan last week will be over 10k more a year than a 300k loan today !

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Cedar Lakes Homes Weekly Report 11/14/08-11/20/08

INTRODUCTION

We are your neighborhood expert !

As of today (November 20, 2008 12 PM there are 8 active homes in Cedar Lakes (-1 from last week) and 6 homes that are currently under contract and 0 homes that have sold in the last 30 days.

Here’s the breakdown of all active listings in MLS:

Condos- 5 - Average DOMP - 101 days

Cedar Lakes A - 2 (1 regular sales)
Christopher at Cedar Lakes - 4 (2 short sales, 1 bank owned, 1 regular sale)

Townhomes- 3 - Average DOMP - 69 days

Carr at Cedar Lakes - 1 (regular sale)
Cedar Lakes - 2 (2 short sales)


NEW LISTINGS

According to MLS, there was 0 new listing this week.


UNDER CONTRACT

According to MLS, there are 3 townhomes (1 short sale, 1 regular sale, 1 bank owned) and 3 condos under contract (1 short sale, 2 regular sale)

4256 Wheeled Caisson Sq - (12 DOMP) TH 3bd/3ba

12491 Hayes Ct #202 - (23 DOMP) Condo 2bd/2ba

4338 THOMAS BRIGADE LN - 16 Days On The Market (DOMP) TH - 4bd/3ba

12437 ERICA HILL LN - (90 DOMP) TH - 4bd/3ba

12461 HAYES CT #203 - (41 DOMP) Condo 2bd/2ba

4310R CANNON RIDGE CT #90 - (218 DOMP) Condo 2bd/2ba

I will have the final numbers for these once they close


SOLD

According to MLS, 0 homes have sold in the last 30 days .



Fairfax Condos Sold for 2007 vs. 2008




Fairfax Townhomes Sold for 2007 vs 2008




These stats are for all real estate in the 22033 zip code for the Month of October

	2008	2007	% Change
Total Sold $ Volume	$13,514,790	$17,929,266	-24.6%
Avg. Sold Price	$409,539	$484,575	-15.4%
Median Sold Price	$374,000	$410,000	-8.7%
Total Units Sold	33	37	-10.8%
Avg. Days on Market	81	87	-6.9%
Avg. List Price for Solds:	$432,953	$515,425	-16%
Avg. Sale Price as a percentage of Avg. List Price:	94.59%	94.01%

EXPIRED or WITHDRAWN

There has been 1 listings that have been taken off the market in the last 30 days.


RENTALS - 1 new condo has come on the market this week

There are currently 4 townhomes and 5 condos for rent

Townhomes - 3 - (3bd/3ba) 1 - (4bd/3ba)
Condos - 4 - (2bd/2ba) 1 - (3bd/2ba)

4 townhomes have been rented out in the past month.

If you need any help finding a rental or listing your condo for rent, please contact us.

We will take care of all the work for you and do background checks on the applicants to make sure they are qualified.


OBSERVATIONS

My first observation is we need to watch the current condo under contract at Christopher at Cedar Lakes. 4310R CANNON RIDGE CT #90 - (218 DOMP) Condo 2bd/2ba The reason being, it does not appear to be a short sale or bank owned property, but what is interesting is that they are under contract and it was listed at 375k. There is no way in our market right now that this sells for 375k. Its just not logical. There are cheaper ones in the same building! It is supposed to close Nov. 25th. So when that date comes we will keep an eye on it and see what the deal is. I am sure owners here will also be interested in this.

There really was not much movement this week. We will continue to monitor the short sale market and bank owned properties here, because that will determine what everyone elses prices are.





Disclaimer: Information was gathered from the MLS and is deemed reliable but not guaranteed.

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TGIF Fridays Free Meal !

Ok we received this free buy one entre get one entre free coupon from TGIF Friday's and we had to share this with our clients and friends.

Click on this link here and you will be directed to the pdf file. All you have to do is print it and use it before the end of the month !

Any questions, just email me

I already used it this past weekend so it works ! ENJOY

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Cedar Lakes Homes Weekly Report 11/07/08-11/13/08

INTRODUCTION

It is very important to have all the correct information before you make the huge decision to buy, sell or rent. We know this community very well and have helped a lot of families here. We study it a couple times a week and would be honored to help you reach your real estate goals and needs.

As of today (November 13, 2008 12 PM there are 9 active homes in Cedar Lakes (-2 from last week) and 6 homes that are currently under contract (+2) and 0 homes that have sold in the last 30 days.

Here’s the breakdown of all active listings in MLS:
*Short Sales and over priced regular sales are driving the days on the market number high.

Condos- 6 - Average DOMP - 101 days

Cedar Lakes A - 2 (1 regular sales)
Christopher at Cedar Lakes - 5 (2 short sales, 1 bank owned, 2 regular sale)

Townhomes- 3 - Average DOMP - 69 days

Carr at Cedar Lakes - 1 (regular sale)
Cedar Lakes - 3 (2 short sales)


NEW LISTINGS

According to MLS, there was 2 new listing this week.


UNDER CONTRACT

According to MLS, there are 3 townhomes (1 short sale, 1 regular sale, 1 bank owned) and 3 condos under contract (1 short sale, 2 regular sale)

4256 Wheeled Caisson Sq - (12 DOMP) TH 3bd/3ba

12491 Hayes Ct #202 - (23 DOMP) Condo 2bd/2ba

4338 THOMAS BRIGADE LN - 16 Days On The Market (DOMP) TH - 4bd/3ba

12437 ERICA HILL LN - (90 DOMP) TH - 4bd/3ba

12461 HAYES CT #203 - (41 DOMP) Condo 2bd/2ba

4310R CANNON RIDGE CT #90 - (218 DOMP) Condo 2bd/2ba

I will have the final numbers for these once they close


SOLD

According to MLS, 0 homes have sold in the last 30 days .



Fairfax Condos Sold for 2007 vs. 2008




Fairfax Townhomes Sold for 2007 vs 2008



These stats are for all real estate in the 22033 zip code for the Month of October

	2008	2007	% Change
Total Sold $ Volume	$13,514,790	$17,929,266	-24.6%
Avg. Sold Price	$409,539	$484,575	-15.4%
Median Sold Price	$374,000	$410,000	-8.7%
Total Units Sold	33	37	-10.8%
Avg. Days on Market	81	87	-6.9%
Avg. List Price for Solds:	$432,953	$515,425	-16%
Avg. Sale Price as a percentage of Avg. List Price:	94.59%	94.01%

EXPIRED or WITHDRAWN

There has been 1 listings that have been taken off the market in the last 30 days.


RENTALS - No change since last week

There are currently 5 townhomes and 4 condos for rent

3 townhomes have been rented out in the past month.

If you need any help finding a rental or listing your condo for rent, please contact us.

We will take care of all the work for you and do background checks on the applicants to make sure they are qualified.


OBSERVATIONS

Right now it looks as if there are a few short sales here in Cedar Lakes. Home owners do not worry about these. There is such a small chance these will even sell. Eventually they will just be foreclosed on and sold. Most realtors do not want to work wiht short sales because they are such a hastle and something like 1 in 20 get closed.

Now I do know I am about to contradict myself here but I do know one of the people short selling their condo in the new condo section (Christopher at Cedar Lakes) and I am pretty sure the bank has agreed to sell it at this price. This rarely happens but when it does short sales have a higher percentage of closing. It is a 2bd/2ba very nice condo. If you are interested in seeing this unit please contact me.

Not much has been selling in the Cedar Lakes area except for the older condos. Owners there have some equity to work with and can afford to sell and then buy their next place at a low price.

I do expect to see a couple more townhomes come on the market soon. There are some currently on the market that are extremely overpriced and are going to continue to sit on the market. These owners either are upside down on the mortgage and are about to be short saled or foreclosed on or they are just not listening to what the market is telling us their house should be priced out.

Keep checking back each week for updates on Cedar Lakes. Once the 6 under contract close, I will have the final numbers on here.






Disclaimer: Information was gathered from the MLS and is deemed reliable but not guaranteed.

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Service Providers

We hope this list of service providers is beneficial to you. If you have any questions or if we are missing a service provider for your needs.
Please contact us asap !


We have used many of these service providers throughout the years and they have done a great job for us.

We are still compiling the list and will update it shortly.



Moving Out of State

We do business and have contact with realtors all over the US. Ask us first if we know someone in the area you are moving to. Do not blindly choose a realtor. Get someone you know will do a good job !



Basic Lawn Care & Landscaping

Matt Pophin - 540-421-2243



Roofer - Perez General Contractors
Ray Perez - 703-587-5008 , Cell: 703-677-5574



Well - Northern Virginia Drilling

Vincent Eberelein - 703-361-6859



TV

Direct TV - 1-800-494-4388

Verizon Fios - 1-888-591-6075



Internet

Verizon DSL- 703-954-6222



Phone

Verizon - 703-954-6222

Vonage - 1-800-701-9039



Power

Dominion - 1-888-667-3000

Novec - 703- 335-0500



Gas

Washington Gas - 703- 750-1000



Water

Fairfax Water - 703- 698-5800

Prince William County Water - 703- 335-7900

Arlington Water - 703-228-6570

Movers - Around Town Movers

Jason Young - 703-200-1963

Plumber



Electrical



Deck Repair



Painting



Carpet





Windows and Siding





Bathroom and Kitchen Remodeling

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What I Did This Past Week

If all you care to read is about Northern Virginia Real Estate then you probably should just scroll down :) I will refrain from work related activities as much as I can in these blogs :) I try to stay active in the Fairfax Area and from time to time I am sure there might be a good recommendation in this blog for places to go or see.

I help coach a 14u baseball team and our season just came to an end. They are a travel team and the best 14u kids in northern virginia, we lost 3 games all fall! My mens softball team fall season also came to a close and we got 2nd place in division 7. We messed up the last game of the season or else we could have won 1st. Needless to say I am going to have lot more time on my hands !

And that brings us to Halloween. Every year around Halloween time I try to have a HUGE halloween party for all my friends and their friends. My fasciantion with Halloween all started back in college, when our school had a massive haunted halloween house that they transformed each year and had 1000's going through each weekend. I worked as a zombie or some other dead scary person for 4 years and then my 5th year I had my own room !!! We had a scary childs bedroom and the theme was jack in the box with scary clowns everywhere, it was awesome !!

But anyway, we had our halloween party on Nov 1st and it was a hit again ! at one point we had close to 150 people in our townhome ! lol To our surprise the neighbors next store, never called the cops (every party we have had, she has called the cops) So it was a hit and to this day, I am still cleaning up the house !

This past week was very unique and fun. I totally recommend doing this by the way. We went for a stroll through old town Alexandria. There are many walking tours and self guided tours and its just so much fun to see the character there. If you get a chance you need to walk by Lord Fairfax's house and just imagine living there! It is directly across the street from George Washingtons Alexandria townhome.

So on that theme of going back in time and finding out more about our US history, the next day we went to Mt. Vernon. I had not been here since highschool and last time I was here was 2 years ago for a wedding, but at that time we just stayed in the restaurant (excellent by the way)

So we decided to do the National Treasure tour, based on the movie, it was an extra 5$ and you go to a couple places that ordinary guest dont get to see, like the basement of George Washingtons home ! I will not ruin the tour for you, but if you have a day to spend at Mt. Vernon its a lot of fun ! I heard during Christmas time they open up the top level of the home and that this is the only time of the year you get to go up there. Might be worth checking it out.

This upcoming weekend two of my friends are having a huge bday blow out that already has over 100 people attending ! I am sure there might be some excellent stories coming out of this.

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Cedar Lakes Homes Weekly Report 10/30/08-11/06/08

INTRODUCTION

We have been helping families buy here in Cedar Lakes for years and have decided to start this blog, to help those families and those that already live in Cedar Lakes, see what is going on in their neighborhood.

It is very important to have all the correct information before you make the huge decision to buy, sell or rent. We know this community very well and have helped a lot of families here. We study it a couple times a week and would be honored to help you reach your real estate goals and needs.

As of today (November 6, 2008 11 AM, there are 11 active homes in Cedar Lakes and 4 homes that are currently under contract and 0 homes that have sold in the last 30 days.

Here’s the breakdown of all active listings in MLS:

Condos- 7
Cedar Lakes A - 2 (2 regular sales)
Christopher at Cedar Lakes - 5 (2 short sales, 1 bank owned, 2 regular sale)

Townhomes- 4
Carr at Cedar Lakes - 1 (regular sale)
Cedar Lakes - 3 (2 short sales, 1 bank owned)


NEW LISTINGS

According to MLS, there was 2 new listing this week.


UNDER CONTRACT

According to MLS, there are 2 townhomes (1 short sale, 1 regular sale) and 2 condos under contract (1 short sale, 1 regular sale)

4338 THOMAS BRIGADE LN, FAIRFAX, VA 22033 - 16 Days On The Market (DOMP) TH - 4bd/3ba

12437 ERICA HILL LN, FAIRFAX, VA 22033 - 90 (DOMP)
TH - 4bd/3ba

12461 HAYES CT #203, FAIRFAX, VA 22033 - 41 (DOMP)
Condo 2bd/2ba

4310R CANNON RIDGE CT #90, FAIRFAX, VA 22033 - 218 (DOMP)
Condo 2bd/2ba

I will have the final numbers for these once they close


SOLD

According to MLS, 0 homes have sold in the last 30 days .



Fairfax Condos Sold for 2007 vs. 2008




Fairfax Townhomes Sold for 2007 vs 2008




EXPIRED or WITHDRAWN

There has been 1 listings that have been taken off the market in the last 30 days.

RENTALS

There are currently 5 townhomes and 4 condos for rent

2 townhomes have been rented out in the past month.

If you need any help finding a rental or listing your condo for rent, please contact us.

We will take care of all the work for you and do background checks on the applicants to make sure they are qualified.


OBSERVATIONS

We have been tracking sales and rentals here for some time and will have a detailed report next Thursday






Disclaimer: Information was gathered from the MLS and is deemed reliable but not guaranteed.

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Cedar Lakes Rentals

11/05/2008

Ok I want to help the owners at Cedar Lakes and those looking to rent a Townhome or Condo there. So what we are going to look at every couple weeks is how well the rental market is doing for the Cedar Lakes Community.

Please Email me if you have any questions about these condos or if you are looking to rent in another condo development.

2007 Stats

The average rental price for Townhomes for Carr at Cedar lakes was $1,962

The average rental price for Townhomes for Cedar Lakes was $1,874

The average rental price for a 2 bedroom Condo at the Christopher of Cedar Lake was $1,493

The average rental price for a 3 bedroom Condo at the Christopher of Cedar Lake was $1,790

The average rental price for a 2 bedroom Condo at the Cedar Lakes A was $1,350

2008 Stats

The average rental price for Townhomes for Carr at Cedar lakes is $2,098

The average rental price for Single Family Home for Carr at Cedar Lakes is
$2,860

The average rental price for Townhomes for Cedar Lakes was $1,880

The average rental price for a 2 bedroom Condo at the Christopher of Cedar Lake was $1,525

The average rental price for a 3 bedroom Condo at the Christopher of Cedar Lake was $1,700

The average rental price for a 2 bedroom Condo at the Cedar Lakes A was $1,589

Owners

The rent price of your unit will vary on the model type, # of bathrooms, # of levels and the condition of the townhome/condo. If you are thinking about renting your unit out and would like to see how much you could get, please
contact us.

Renters

If you are interested in renting a condo in the Cedar Lakes Community please contact us and we can get you more information.

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About Cedar Lakes

What is Cedar Lakes

Cedar Lakes is 500-600 family community. Along Cedar Lakes Drive there are condo developments, townhomes and single family homes.

Nothing is more than 12 years old.

Location

Conveniently located in Fair Lakes (Fairfax) VA Near Rt 50, Fairfax County Parkway and 66.

Year Built:

Condos - Christopher at Cedar Lakes - 1999/2000
Cedar Lakes Townhomes & Condos - 1996/1997


HOA Fee:

Condo Range of $200 - $300. Mostly in the mid 200's
Townhome $90 - $100.


Schools:

Elementary School - Greenbrier Elementary School
Middle School - Lanier Middle School
High School - Fairfax High School

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