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
| 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EXPIRED or WITHDRAWN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.
