Nate & The 12:45 Team Did It Again
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Community Pool and Fitness Center

Townhomes with garage

Condos with garage and secure entry

First Time Home Buyers!

Hey, first-time homebuyer: How does $8,000 from your Uncle Sam sound?

Want an extra $8,000? If you’re a first-time homebuyer then we have a nice surprise for you.

Last fall, the Federal Government introduced a financial incentive to prospective first-time homebuyers — an income tax credit of up to $7,500. The rules were simple: you must have been a first-time homebuyer (as defined by not owning a home in the previous three years) and you met certain income restrictions.

The new $8,000 tax credit is available to those who buy between January 1, 2009 and December 1, 2009. It’s not a deduction, it’s an actual credit. Unlike the $7,500 first-time homebuyer tax credit introduced last summer; this does not need to be repaid.

First timers who qualify can make no more than $75,000 in adjusted gross income if they’re single or $150,000 if filing jointly. The maximum tax credit is $8,000 or 10 percent of the sales price of the home, whichever is less. Three years residence in the property are required. As always, check with your accountant for details and be sure to submit IRS form 5405 when you file your taxes.

Cedar Lakes Homes Weekly Report 3/01/09-3/13/09

Relevant Real Estate Information for the Cedar Lakes Condo & Townhome Community


Townhomes in Fair Lakes under 400k ! Here you go there are 3 really nice TH for sale under 400k. The condos here that are regular sales are priced way to high for this market. There is a short sale condo 3bedroom that is definitely worth checking out. There are no bank owned properties suprisingly here at Cedar Lakes. They come and go quickly !

As of today (March 13, 2009 11 AM) there are 8 active homes in Cedar Lakes (same from last week) and 8 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- 5

Cedar Lakes A - 0
Christopher at Cedar Lakes - 5 (2 short sale, 3 regular sale)

Townhomes- 3

Carr at Cedar Lakes - 3 (3 regular sales)


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


According to MLS, there are 5 townhomes and 3 condos under contract

12471 Hayes Ct #301 - (274 DOMP) 2bd/2ba
12461 Hayes Ct #203 -(51 DOMP) 2bd/2ba
12491 Hayes Ct #301 - (10 DOMP) 2bd/2ba

4316 Mallory Hill Ln - (4 DOMP) 2bd/3ba
4368 Sutler Hill Sq - (158 DOMP) 3bd/4ba
4346 Sutler Hill Sq - (57 DOMP) 3bd/3ba
4399 Sutler Hill Sq - (5 DOMP) 3bd/3ba
4307 Thomas Brigade Ln - (11 DOMP ) 3bd/ 3ba

I will have the final numbers for these once they close


According to MLS, 2 home has sold in the last 30 days .

4310S CANNON RIDGE CT #91 - (35 DOMP) Condo - 2bd/2ba (Regular Sale)

Asking Price - $320,000
Sales Price - $280,000
Seller Subsidy - $9,500

4210 MOZART BRIGADE LN #O - (79 DOMP) Condo - 2bd/2ba (Bank Owned)

Asking Price - $265,000
Sales Price - $252,000
Seller Subsidy - 0

Sold More Than 30 days ago

-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

-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 January 2009
2009 2008 % Change
Total Sold $ Volume $8,645,400 $10,605,650-18.4%
Avg. Sold Price$375,887 $407,910 -7.8%
Median Sold Price $335,000 $365,000-8.2%
Total Units Sold 2326 -11.5%
Avg. Days on Market85105 -19%
Avg. List Price for Solds: $413,327 $438,460 -5.7%
Avg. Sale Price as a percentage of Avg. List Price: 90.94% 93.03%

Fairfax Condos Sold for 2007 vs. 2008

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 0 townhomes and 6 condos for rent

6 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.


It looks like the TH are selling very quick here. They are some of the best priced TH in Fairfax. All the ones under contract are either bank owned or regular sales. There is one short sale that has been under contract for 2 months now! Very doubtful that one will close.

We are seeing multiple offers on homes and alot less bank owned properties. When you find a deal and something that matches your criteria, you need to act quickly ! Or else you will not have a home.

We would be honored to work with you to help you buy, sell or rent out your current home here at Cedar Lakes. Please contact us if you have any questions at all :)

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.

Brinks Home Security System

Brinks Home Security System

We just partnered with Brinks Home Security. This means that if you want a security system we can help you get it for free ! All you have to do is pay the 30-40$ monthly fee.

Contact me asap if you are interested. I will have our Brinks representative contact you.

If you go to Brinks website you will end up paying over 500$ in installation fees. If you go through us, its free!

This is just another way we are helping our clients.