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Cedar Lakes Homes Weekly Report 1/24/09-1/30/09


Not much movement this past week. Just one TH closed. It was a short sale and someone got a nice TH for a steal ! The numbers are below.

As of today (January 30, 2009 11 AM) there are 10 active homes in Cedar Lakes (same from last week) and 2 homes that are currently under contract and 2 homes that have sold in the last 30 days.

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

Condos- 7

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

Townhomes- 3

Carr at Cedar Lakes - 3 (2 regular sales, 1 bank owned)


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


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

4368 Sutler Hill Sq - (158 DOMP) TH 3bd/4ba

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

I will have the final numbers for these once they close


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

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

Asking Price -$429,900
Sales Price - $385,000
Seller Subsidy -$5,000

12406 Cedar Lakes Dr - (85 DOMP) TH 3bd/3ba

List Price - $439,900
Sales Price - $409,900
Seller Subsidy - $10,000

Sold More Than 30 days ago

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

List Price -$279,500 / Close Price -$255,00 / Seller Subsidy - 0

-4338 THOMAS BRIGADE LN - 16 (DOMP) TH - 4bd/3ba Regular Sale

List Price - $399,900 / Close Price - $390,000 / Seller Subsidy -$11,700

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

List Price -$279,900 / Close Price -$279,000 / Seller Subsidy -$0

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

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


These stats are for all real estate in the 22033 zip code for the Month of December
2008 2007 % Change
Total Sold $ Volume $11,625,825 $14,391,987-19.2%
Avg. Sold Price$400,891 $423,294 -5.2%
Median Sold Price $319,900 $4410,000-21.9%
Total Units Sold 2934 -14.7%
Avg. Days on Market11289 25.8%
Avg. List Price for Solds: $461,292 $454,655 1.4%
Avg. Sale Price as a percentage of Avg. List Price: 86.91% 93.10%

Fairfax Condos Sold for 2007 vs. 2008

Fairfax Townhomes Sold for 2007 vs 2008


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


There are currently 2 townhomes and 5 condos for rent

3 homes 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.


Ok so TH that sold that was a short sale went through ! Short sales are still tricky especially if the selling agent doesnt have a professional negotiator. But there are some better circumstances than other. But for those people to get the TH for 385k in Fair Lakes is a steal !

There is one short sale here at Cedar Lakes that is bank approved and is ready to go! It is in the newer condos of Christopher at Cedar Lakes. Don't wait on this.

As far as the other listings here on the market. 6 of the 10 are overpriced. But the longer they are on the market the sellers are willing to come down in price or else it just wont sell. Contact us to help you negotiate.

If you are thinking about buying within the next 3 months. Contact us

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