Brambleton Real Estate Blog (Ashburn, Loudoun County Real Estate News)

Brambleton May 2013 Market Report

2013-06-04T16:01:00.000-04:00

Brambleton Market Report April 2013

Introduction
There were 28 resales that sold in May compared to 25 resales in April. This time only 1 was a distressed sale.

Format:
Builder, Model. Street Address. Sold Price. Type of Sale (Potential Short Sale, Foreclosure)

Condo
Summerfield Florence. 22664 Blue Elder Ter #201. $180,000. (Foreclosure)
Summerfield Milano. 42481 Rockrose Sq #301. $182,000.
Summerfield Napoli. 42496 Mayflower Ter #302. $224,900.
Summerfield Verona. 42433 Goldenseal Sq. $255,000.
Centex Logan. 22708 Verde Gate Ter. $296,500.
Centex Logan(?). 42587 Hollyhock Ter. $297,500.
Beazer Aspen. $299,000. 42682 Hollyhock Ter. $299,900.
Centex Logan(?). 42596 Hollyhock Ter. $304,900.
Beazer Vail. 22820 Ferncrest Ter. $333,500.

Townhouse
Centex Stratton. 42433 Rockslide Ter. $385,000.
??. 22570 Parkland Farms Ter $390,000.
Centex Courtland. 42552 Magellan Sq. $395,000.
Centex Stratton. 42456 Ringneck Pl. $395,000.
Miller & Smith Merlin. 42515 Regal Wood Dr. $412,000.
Pulte Highcrests. 22474 Snow Powder Ter. $430,000.
Miller & Smith Houdini II. 23429 Twin Falls Ter. $430,000.
Miller & Smith Houdini II. 42722 Twinleaf Dr. $445,000.
Miller & Smith Houdini I. 23463 Twin Falls Ter. $454,000.
Miller & Smith Courtyard. 42739 Explorer Dr. $519,000.

Single Family
Miller & Smith Rhapsody. 42683 Explorer Dr. $575,000.
Miller & Smith Craftsman. 23360 Gardenwalk Dr. $585,000.
Beazer Chelsea II. 42758 Conquest Cir. $610,000.
Christopher Companies Buckingham. 22793 Highcrest Cir. $658,000.
Christopher Companies Kensington. 22772 Highcrest Cir. $660,000.
Winchester. 22817 Portico Pl. $670,000.
Stanley Martin Ballou III. 42648 Legacy Park Dr. $675,000.
Beazer (?). 23084 Red Admiral Pl. $680,000.
Centex Radcliff. 22902 Courtland Park Dr. $690,000.

If you have any questions, please contact us for a free analysis.
Keller Williams Realty 14155 Newbrook Drive Suite 100 Chantilly, VA 20151 703-662-1466 (direct)
Brambleton Specialist hahngrouprealty "at" gmail.com

Disclaimer: Information is deemed reliable but not guaranteed. Sale information was obtained by third party source. For Sale By Owner information may have been excluded. Data is subject to human errors. This is not an appraisal but purely for informative purposes only. If you spot an error, please email.

Brambleton April 2013 Market Update

2013-05-04T16:28:00.000-04:00

Brambleton Market Report April 2013

Introduction
There were 25 resales that sold in April compared to 24 resales in March. Of the 22 homes that settled, 2 were potential short sales and 3 were foreclosures.

Format:
Builder, Model. Street Address. Sold Price. Type of Sale (Potential Short Sale, Foreclosure)

Condo
Summerfield Como. 42508 Hollyhock. $151,900. (Potential Short Sale)
Summerfield Florence. 42539 Mayflower #101. $175,000. (Foreclosure)
Summerfield Milano. 22710 Blue Elder #104. $175,000.
Summerfield Verona. 42451 Hollyhock. $220,000. (Potential Short Sale)
Summerfield Napoli. 42539 Mayflower #102. $235,000.
Summerfield Verona. 42463 Hollyhock. $245,000.
Beazer Aspen. 22749 Verde Gate. $285,000.
Centex Logan. 22719 Beacon Crest. $285,000.
Beazer Aspen. 22793 Settlers Trail. $285,000.
Beazer. Aspen 42519 Highgate. $299,000.

Townhouse
Centex Stratton. 42427 Redstone. $360,000. (Foreclosure)
Centex Stratton. 42447 Malachite. $374,000. (Foreclosure)
Centex Middleton. 22816 Edson. $375,000.
Centex Courtland. 42475 Magellan. $400,420.
Beazer Chancery. 42503 Minerva. $465,000.
Miller & Smith Courtyard. 23094 Minerva. $495,000.

Single Family
Miller & Smith Grand Vista Indigo(?). 23340 Evening Primrose. $542,000
Miller & Smith Rosemore. 23317 April Mist. $610,000.
Stanley Martin Charming. 23021 White Ibis. $610,000.
Miller & Smith Rosemore. 23305 April Mist. $615,000.
Centex Fulton. 42655 Frontier Dr. $636,000.
Stanley Martin Preston. 42429 Ringneck. $640,000.
Winchester Homes Oxford II. 22748 Tucker. $684,000.
Stanley Martin Craftsman. 42547 Good Hope. $695,000.

If you have any questions, please contact us for a free analysis.
Keller Williams Realty 14155 Newbrook Drive Suite 100 Chantilly, VA 20151 703-662-1466 (direct) Brambleton Specialist hahngrouprealty "at" gmail.com

Disclaimer: Information is deemed reliable but not guaranteed. Sale information was obtained by third party source. For Sale By Owner information may have been excluded. Data is subject to human errors. This is not an appraisal but purely for informative purposes only. If you spot an error, please email.

Brambleton Market Update for March 2013

2013-04-06T12:18:00.000-04:00

Brambleton Market Report March 2013

Introduction
There were 24 resales that sold in March compared to 6 resales in February Of the 24 homes that settled, 4 were potential short sales and 1 was a foreclosure.

Format:
Builder, Model. Street Address. Sold Price. Type of Sale (Potential Short Sale, Foreclosure)

Condo
Summerfield Florence. 42421 ROCKROSE SQ #201. $188,000. (Potential Short Sale)
Summerfield Napoli. 22691 BLUE ELDER TER #203. $224,900.
Beazer Aspen. 42585 CARDINAL TRACE TER. $285,000.
Beazer Aspen. 42589 CARDINAL TRACE TER. $299,900.

Townhouse
Beazer Chandler. 22676 PARKLAND FARMS TER, $345,000.
Miller & Smith Merlin. 42518 REGAL WOOD DR. $410,000.
Beazer Chancery. 42429 GREENSIDE DR. $438,500. (Potential Short Sale)
Beazer Chancery. 22938 EVERSOLE TER. $440,000.
Beazer Chancery. 42489 CORTEZ TER. $444,900.
Beazer Chancery. 42513 CORTEZ TER. $447,000.
Beazer Chancery. 42448 REDSTONE TER. $452,000.
Beazer Chancery. 42479 REGAL WOOD DR. $465,000 (Potential Short Sale)
Miller & Smith Courtyard.42749 EXPLORER DR. $485,000.

Single Family
Miller & Smith Rhapsody. 23404 GARDENWALK DR. $521,000.
Miller & Smith Rhapsody. 23154 MINERVA DR. $579,000.
Centex Brittany. 23082 DUCATO CT. $600,000. (Potential Short Sale)
Miller & Smith Spirit of St. Louis. 22778 COURTLAND PARK DR. $645,000.
Winchester Homes Preston. 42477 TOURMALINE LN. $619,900.
Miller & Smith Clara Bow. 23221 HALES TRACE DR. $662,500.
Centex Thorsen. 42934 CONQUEST CIR. $665,000.
Winchester Homes Spencer.23238 MINERVA DR. $690,000.
Winchester Homes (?). 42831 CHATELAIN CIR. $720,000. (Foreclosure)
Gulick Group Townsend. 22974 LOIS LN. $798,000.

If you have any questions, please contact us for a free analysis.
Keller Williams Realty 14155 Newbrook Drive Suite 100 Chantilly, VA 20151 703-662-1466 (direct) Brambleton Specialist hahngrouprealty "at" gmail.com

Disclaimer: Information is deemed reliable but not guaranteed. Sale information was obtained by third party source. For Sale By Owner information may have been excluded. Data is subject to human errors This is not an appraisal but purely for informative purposes only. If you spot an error, please email.

Brambleton Market Report February 2013

2013-03-05T10:31:00.001-05:00

Brambleton Market Report February 2013

Introduction

Market is back! February was another strong month. There were only 6 resale homes that settled in February 2013. Inventory is very low right now. Of the six homes that settled, one was a short sale, one was a foreclosure and rest were normal resales.

Format

Builder, Model. Street Address. Sold Price - Subsidy = Net Price. DOMM/DOMP. Type of Sale (short sale, foreclosure)

Condo

Summerfield Milano. 22668 BLUE ELDER TER #204. $160,000 - $0 = $160,000. DOMM/DOMP: 2/2. (Short Sale)

Summerfield Sienna. 22725 THIMBLEBERRY SQ #102. $213,000-$0=$213,000. DOMM/DOMP: 48/28. (Foreclosure)

Centex Logan. 42571 HIGHGATE TER. $287,900-$0=$287,900. DOMM/DOMP: 22/22.

Townhouse

Van Metre?. 42447 PATRICK WAYNE SQ. $425,000-$12,0000=$413,000. DOMM/DOMP: 6/6.

Beazer Chancery. 22948 EVERSOLE TER. $440,000-$0=$440,000. DOMM/DOMP: 0/0.*

Single Family

Stanley Martin Whitman. 42580 LEGACY PARK DR. $595,990-$1,500=$593,500. DOMM/DOMP: 4/4.

Conclusion

Average DOM (Days on the market) for non-condo properties was 8 for homes that settled in February. Condos, particularly Summerfield, are still a challenge due to the market conditions. If you have any questions, please contact us for a free analysis.

Keller Williams Realty
14155 Newbrook Drive Suite 100
Chantilly, VA 20151
703-662-1466 (direct)
Brambleton Specialist
hahngrouprealty "at" gmail.com

Disclaimer: Information is deemed reliable but not guaranteed. Sale information was obtained by third party source. For Sale By Owner information may have been excluded. 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.

Brambleton Real Estate Update January 2013

2013-02-01T11:14:00.000-05:00

January 2013 Brambleton Resale Update

Introduction

We will be providing regular monthly updates for Brambleton starting 2013. We hope this blog provide insight into Brambleton real estate market.

2013 is off to a great start. There were 8 resale homes that settled in January 2013. One was a short sale, one was a foreclosure and others were normal resales.

Format

Builder, Model. Street Address. Sold Price - Subsidy = Net Price. DOMM/DOMP. Type of Sale (short sale, foreclosure)

Condo

Summerfield Condo, Torino. 22755 FOUNTAIN GROVE. $225,000 - $0 = $225,000. DOMM/DOMP: 6/6. (Short Sale)
Centex, ?. 22676 FERNCREST TER #29C. $290,000-$0=$290,000. DOMM/DOMP: 3/3

Townhouse

Beazer, Chandler. 22738 PARKLAND FARMS TER. $345,000-0=$345,000. DOMM/DOMP: 11/11.
Miller & Smith, Houdini I. 42476 REGAL WOOD DR. $410,000-$0=$410,000. DOMM/DOMP: 26/26.
Beazer, Chancery. 42506 LEGACY PARK DR. $450,000-$1,898=$448,102. DOMM/DOMP: 34/34.

Single Family

Pulte, ?. 42627 CALLALILY WAY. $592,000-$5,000=$587,000. DOMM/DOMP: 2/2.
Beazer, ?. 22928 GOLDEN PLOVER PL. $633,000-$0=$633,000. DOMM/DOMP: 21/21. (Foreclosure)
Van Metre, ?. 23369 MINERVA DR. $635,000-$400=$634,600. DOMM/DOMP: 3/3

Conclusion

Market is hot! Several homes had multiple offers. Expect more bidding wars in the months to come. It's feeling like early 2000s again. If you have any questions concerning buying, selling and renting in Brambleton, please contact us.

Keller Williams Realty
14155 Newbrook Drive Suite 100
Chantilly, VA 20151
703-662-1466 (direct)
Brambleton Specialist
hahngrouprealty "at" gmail.com

Disclaimer: Information is deemed reliable but not guaranteed. Sale information was obtained by third party source. For Sale By Owner information may have been excluded. 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.

January 2011 Brambleton Market Update

2011-02-01T11:10:00.011-05:00

Introduction

It has been a great start to 2011. Brambleton real estate market is dominated by new construction sales. With this blog, I try to focus on resales only. I will be posting monthly resale information at the beginning of month. Here's all the resale homes that settled in January of 2011.

Format

Builder Model. Street Address. Sold Price - Subsidy = Net Price. DOMM/DOMP. Type of Sales (short sale, foreclosure)

Condo

1. SUMMERFIELD COMO. 22573 BLUE ELDER TER #22573. $144.000- $0.00. DOMM/DOMP 42/42.(FORECLOSURE)

2. SUMMERFILE MILANO. 22725 THIMBLEBERRY SQ #204. $160.000- $4800.00. DOMM/DOMP 72/72 (SHORT SALE)

3. SUMMERFIELD SIENNA. 42481 ROCKROSE SQ #303.$191.000-$0.00. DOMM/DOMP 29/101 (FORECLOSURE)

4. SUMMERFIELD VERONA. 42405 HOLLYHOCK TER, $217,000 - $8,000 = $209,00. DOMM/DOMP: 32/32. (SHORT SALE)

5. SUMMERFIELD TORINO. 42401 GOLDENSEAL SQ #42401. $240.000- $7200.00 DOMM/DOMP 16/16(SHORT SALE)

Townhouse

1. CENTEX STRATTON. 22934 ROSE QUARTZ SQ. $309.900-$0.00=$309,900. DOMM/DOMP: 45/45. (FORECLOSURE)

2. CENTEX WALDEN. 22992 FOX FIRE TER. $327,000. DOMM/DOMP: 108/108.
3. MILLER & SMITH PALISADES. 23255 CLAXTON TER. $415.000-$10000.00. DOMM/DOMP11/11 (SHORT SALE)*

Single Family

1.CENTEX PORTER. 22882 COURTLAND PARK DR. $499,000 - $14,790 = $484,210. DOMM/DOMP: 32/32.

*In MLS 23255 CLAXTON TER was listed as 3 level townhome but these are 2 level Miller & Smith Courtyard series townhomes.

Commentary

As you can see, all of Summerfield condos are distressed properties. Summerfield condo prices are still about 40% off the all time high. If you need to sell but you're upside down, you may consider a short sale. Our team has completed over 100 short sales to date. You can check out our short sale blog, VirginiaShortSaleExpert.com.

Weekly Update 4/12/10 to 4/18/2010

2010-04-20T10:58:00.003-04:00

Introduction

First my apologies for not updating the weekly blog. I will do my best to post them by Tuesdays. There's been tons of action on the market so I want to keep you posted. Market has been very active these days. This week we had 11 new resales come on the market. Expect more listings before May due to tax credit. Here we go with the weekly update.

As of today 4/10/2010, there are 29 active listings in MLS and 19 homes under contract in last 30 days. This gives us an absorption rate of 1.5.

Here's the breakdown of the active listings:
21 Traditional Resales, 1 Foreclosure, and 7 Short Sales.

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

11 new listings came out during the period of 4/12/10 to 4/18/10. Expect flood of listings before the tax credit expires.

Condo
1. Summerfield Verona. $199,900. (Short Sale, Under Contract)*
2. Summerfield Verona. $225,000. (Short Sale)
3. Summerfield Torino. $249,900. (Short Sale)
4. Beazer Aspen. $299,900.
5. Centex O'Hare. $319,900.

*This short sale is my listing. It's with Capital One (formally BF Saul / Chevy Chase). Capital One is one of the easier banks to work with in terms of short sale. You can view an approval letter for Capital One short sale that I competed last month here.

Townhouse
1. Beazer Chancery. $389,900. (Foreclosure)*
2. Beazer Chancery. $399,900.
3. Miller & SMith Houdini I. $439,500.

*Not many foreclosures these days. Most are opting to do short sale.

Single Family
1. Christopher Companies Buckingham. $615,000.
2. Beazer Ashley. $625,000.
3. Winchester Homes Browning. $699,900. (Under Contract)

Under Contract

According to MLS, 10 resales went under contract during 4/12/10 to 4/18/2010.

Condo
1. Summerfield Florence. $160,000. DOMM/DOMP: 7/7. (Short Sale)
2. summerfield Verona. $209,000. DOMM/DOMP: 32/0. (Short Sale)
3. Centex Logan. $284,000. DOMM/DOMP: 44/44.

Townhouse
1. Miller & Smith Houdini I. $399,999. DOMM/DOMP: 4/4.
2. Beazer Chancery. $400,000. DOMM/DOMP: 95/95.
3. Beazer Chancery. $435,000. DOMM/DOMP: 15/15.

Single Family
1. Centex Fulton. $524,900. DOMM/DOMP: 11/11.
2. Centex Fulton. $529,900. DOMM/DOMP: 39/39.
3. Beazer Farham. $572,500. DOMM/DOMP: 61/61.
4. Winchester Homes. $699,900. DOMM/DOMP: 6/6.

Sold

According to MLS, 4 resales closed this week.

Townhouse
1. Centex Stratton. 42417 REDSTONE TER. $310,000 - $5,000 = $305,000. DOMM/DOMP: 16/16. (Foreclosure)
2. Beazer Chancery. 42496 LEGACY PARK DR. List Price: $419,000. DOMM/DOMP: 88/88.*

Single Family
1. Miller & Smith Clara Bow. 23245 HALES TRACE DR. $650,000 - $0 = $650,000. DOMM/DOMP: 39/39.
2. Centex Hadley. 22771 SWEET ANDREA DR. $700,000 - $0 = $700,000. DOMM/DOMP: 0/0.**

*This home was scheduled to close on 4/15/10 but still shows as under contract.

**This home was entered in MLS for informational purposes. It never went on the market. In fact, this is the second Centex Hadley to sell without ever going on the market in the last month.

Conclusion

Expect another busy week as buyers rush to meet the tax credit deadline.

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.

Weekly Update for 3/1/10 to 3/7/10

2010-03-11T02:49:00.011-05:00

New Listings: 4 (-1)
Under Contract: 1 (-4)

Sold: 1 (-2)

(Change from previous week.)

Introduction

As of today 3/9/2010, there are 28 active listings (0) in MLS and 15 homes (0) under contract in last 30 days. This gives us an absorption rate of 1.9 which is worse than last week's rate of 1.4.

Here's the breakdown of the active listings:
18 Traditional Resales (-1), 2 Foreclosure (+1) and 8 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

5 new listings came out during the period of 3/1/10 to 3/7/10.

Condo
1. Summerfield Verona. $239,900.
2. Beazer Aspen. $270,000. (Foreclosure)*
3. Centex Logan. $309,000.

Single Family
4. Centex Fulton. $549,900.

*This is the only second foreclosures that came out in 2010 compared to 17 short sales for 2010.

Under Contract

According to MLS, 5 single families went under contract during 3/1/10 to 3/7/10.

Condo
1. Centex Logan. DOMM/DOMP: 20/20. (Short Sale)

Sold

According to MLS, one short sale closed this week.

Condo
1. Summerfield Roma. 42544 HOLLYHOCK TER #201. $165,000 - $0 = $165,000. DOMM/DOMP: 40/40. (Short Sale)

Conclusion

Lot of activity these days. There's been on and off weeks. This week was more or less and off week but last week was an on week.

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.

Weeky Update 2/22/10 to 2/28/10

2010-02-24T11:57:00.002-05:00

New Listings: 5 (+2)
Under Contract: 5 (0)

Sold: 3 (0)

(Change from previous week.)

Introduction

As of today 2/16/2010, there are 28 active listings (0) in MLS and 20 homes (-1) under contract in last 30 days. This gives us an absorption rate of 1.4 which is worse than last week's rate of 1.3.

Here's the breakdown of the active listings:
19 Traditional Resales (0), 1 Foreclosure (0) and 8 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

5 new listings came out during the period of 2/22/10 to 2/28/10.

Condo
1. Beazer Vail. $315,900.

Townhouse
1. Miller & Smith Merlin. $375,000.

Single Family
1. Centex Porter. $549,900.
2. Gulick Winthrop. $600,000. (Short Sale)
3. Stanley Martin Ballou (?). $625,000.

Under Contract

According to MLS, 5 single families went under contract during 2/22/10 to 2/28/10.

Single Family
1. Centex Porter. $549,900. DOMM/DOMP: 39/39.
2. Gulick Winthrop. $600,000. DOMM/DOMP: 2/2. (Short Sale)
3. Centex Hadley. $625,000. DOMM/DOMP: 145/145.
4. Stanley Martin. $625,000. DOMM/DOMP: 2/2.
5. Centex Carlson. $649,900. DOMM/DOMP: 54/54.

Sold

According to MLS, three resales closed this week.

Condo
1. Summerfield Napoli. 22710 BLUE ELDER TER #202. $181,006 - $0 = $181,006. DOMM/DOMP: 7/7. (Short Sale)
2. Centex Logan. 22751 SETTLERS TRAIL TER #15G. $295,000 - $0 = $295,000 DOMM/DOMP: 41/41.

Townhouse
1. Miller & Smith Merlin. 42492 REGAL WOOD . $365,000 - $0 = $365,000. DOMM/DOMP: 34/64.

Conclusion

Pretty good activity in the market. Expect the market to pick up significantly in the next few months...at least until the tax credit expires.

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.

Weekly Update for 2/15/10 to 2/21/10

2010-02-16T11:31:00.008-05:00

New Listings: 3 (-2)
Under Contract: 5 (+4)

Sold: 3 (+2)

(Change from previous week.)

Introduction

As of today 2/16/2010, there are 28 active listings (-2) in MLS and 21 homes (+3) under contract in last 30 days. This gives us an absorption rate of 1.3 which is better than last week's rate of 1.7.

Here's the breakdown of the active listings:
19 Traditional Resales (0), 1 Foreclosure (0) and 8 Short Sales (-2).

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

3 new listings came out during the period of 2/15/10 to 2/21/10.

Condo
1. Summerfield Como. $140,000. (Short Sale)
2. Summerfield Verona. $229,900.

Single Family
1. Gulick Townsend. $879,900.

Under Contract

According to MLS, 5 resales went under contract during 2/15/10 to 2/21/10.

Condo
1. Summerfield Como. $140,000. DOMM/DOMP: 12/12. (Short Sale)

Townhouse
1. Beazer Chancery. $375,000. DOMM/DOMP: 17/17. (Short Sale)
2. Beazer Chancery. $399,900. DOMM/DOMP: 43/43. (Short Sale)
3. Beazer Chancery. $439,901. DOMM/DOMP: 28/28.

Single Family
1. Miller & Smith Clara Bow. $650,000. DOMM/DOMP: 39/39.

Sold

According to MLS, three normal resales closed this week.

Condo
1. Centex Walden. 22993 EVERSOLE TER. $337,500 - $3,500 = $334,000. DOMM/DOMP: 61/145.

Single Family
1. Centex Carlson. 22787 SWEET ANDREA DR. $618,000 - $18,540 = $599,460. DOMM/DOMP: 51/51.
2. Gulick Winthrop. 23044 MINERVA DR. $800,000 - $0 = $800,000. DOMM/DOMP: 23/175.

Conclusion

Market is starting to get busy.

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.

Weekly Update 2/8/10 to 2/14/2010

2010-02-09T11:00:00.004-05:00

New Listings: 5 (+2)
Under Contract: 1 (+1)

Sold: 1 (+1)

(Change from previous week.)

Introduction

As of today 2/9/2010, there are 30 active listings (+3) in MLS and 18 homes (0) under contract in last 30 days. This gives us an absorption rate of 1.7 which is little worse than last week's rate of 1.5.

Here's the breakdown of the active listings:
19 Traditional Resales (+2), 1 Foreclosure (0) and 10 Short Sales (+1).

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

5 new listings came out during the period of 2/8/10 to 2/14/10.

Condo
1. Centex Logan. $250,000. (Short Sale)
2. Centex Logan. $270,000. (Short Sale)
3. Centex O'Hare. $349,900.

Townhouse
1. Beazer chancery. $429,950.

Single Family
1. Gulick Winthrope. $864,900.

Under Contract

According to MLS, one normal resale went under contract during 2/8/10 to 2/14/10.

Townhouse
1. Beazer Chancery. $420,000. DOMM/DOMP: 9/9.

Sold

According to MLS, one short sale closed this week.

Condo
1. Summerfield Napoli. 42435 HOLLYHOCK TER #202. $179,900 - $0 = $179,900. DOMM/DOMP: 59/59. (Short Sale)

Conclusion

Snow = Slow

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.

Brambleton Weekly Update for 2/1/10 to 2/710

2010-02-08T18:42:00.001-05:00

New Listings: 3 (-1)
Under Contract: 0 (-6)

Sold: 0 (-1)

(Change from previous week.)

Introduction

As of today 2/8/2010, there are 27 active listings (+3) in MLS and 18 homes (+2) under contract in last 30 days. This gives us an absorption rate of 1.5 which is same as last week's rate.

Here's the breakdown of the active listings:
17 Traditional Resales (-1), 1 Foreclosure (+1) and 9 Short Sales (+1).

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

3 new listings came out during the period of 2/1/10 to 2/7/10.

Condo
1. Centex Logan. $280,000. (Short Sale)

Townhouse
1. Beazer Chancery. $420,000.

Townhouse
1. Centex Radcliff. $535,325. (Foreclosure)

Under Contract

According to MLS, no home went under contract during 2/1/10 to 2/7/10.

Sold

According to MLS, no home settled during this period.

Conclusion

Very boring week. That's what 30"of snow will do for the housing market.

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.

Brambleton Weekly Update for 1/25/10 to 1/31/10

2010-01-26T17:57:00.007-05:00

Quick Brambleton Summary

New Listings: 4 (0)
Under Contract: 6 (+3)

Sold: 1 (+1)

(Change from previous week.)

Introduction

As of today 2/1/2010, there are 24 active listings (-2) in MLS and 16 homes (+6) under contract in last 30 days. This gives us an absorption rate of 1.5 which is better than last week's rate of 2.6

Here's the breakdown of the active listings:
16 Traditional Resales (-1), 0 Foreclosure (-1) and 8 Short Sales (-1).

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 1/25/10 to 1/31/10.

Condo
1. Summerfield Verona. $190,000. (Short Sale, Under Contract)
2. Summerfield Sienna. $249,900.

Townhouse
1. Centex Walden (?). $255,000. (Short Sale, Under Contract)
2. Beazer Farnham. $575,000.

Under Contract

According to MLS, 6 homes went under contract during 1/25/10 to 1/31/10.

Condo
1. Summerfield Milano. $149,900. DOMM/DOMP: 55/55. (Foreclosure)
2. Summerfield Napoli. $189,900. DOMM/DOMP: 14/14. (Short Sale)
3. Summerfield Verona. $190.000. DOMM/DOMP: 2/2. (Short Sale)
4. Centex Logan. $300,000. DOMM/DOMP: 41/41.

Single Family
1. Centex Carlson. $620,000. DOMM/DOMP: 51/51.
2. Gulick Townsend. $650,000. DOMM/DOMP: 1/1. (Short Sale)

Sold

According to MLS, one home settled during this period.

Single Family
1.Centex Peyton. 23124 VANGUARD WAY. $550,000 - $0 = $550,000. DOMM/DOMP: 6/6. (Short Sale)

This short sale went under contract on July 15, 2009 and just settled on January 26, 2010. So this short sale took over 6 months to close. I'm going to guess that this was a Countrywide/BofA short sale! You can check out more short sale info on my blog, VirginiaShortSaleExpert.com.

Conclusion

6 resales went under contract this week which is a nice jump.

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.

Brambleton Weekly Update for 1/18/10 to 1/24/10

2010-01-25T09:18:00.012-05:00

Quick Brambleton Summary

New Listings: 4 (-2)
Under Contract: 3 (-2)

Sold: 0 (-2)

(Change from previous week.)

Introduction

Starting this week, I'll put Ashburn market data on a monthly basis instead of weekly basis. Here we go.

As of today 1/25/2009, there are 26 active listings (-1) in MLS and 10 homes (+1) under contract in last 30 days. This gives us an absorption rate of 2.6 which is better than last week's rate of 3.0.

Here's the breakdown of the active listings:

16 Traditional Resales (-1), 1 Foreclosure (0) and 9 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 1/18/10 to 1/24/10.

Condo
1. Centex O'Hare. $387,000.

Townhouse

1. Beazer Chancery. $350,000. (Short Sale)
2. centex Stratton. $380,000. (Short Sale)
3. Beazer Chancery. $439,900.

Single Family
1. Miller & Smith Rhapsody. $435,000. (Short Sale, Under Contract)*

*This is my short sale listing. I did the very first short sale in Brambleton in 2007. You can check out my short sale blog, VirginiaShortSaleExpert.com. I have been involved in over 50 short sales. If you or someone you know is upside down in mortgage, contact me for free, private consultation.

Under Contract

According to MLS, 3 homes went under contract during 1/18/10 to 1/24/10.

Single Family

1. Miller & Smith Rhapsody. $435,000. DOMM/DOMP: 4/4. (Short Sale)

2. Centex Fulton. $479,000. DOMM/DOMP: 13/13. (Short Sale)

3. Centex Fulton. $525,000. DOMM/DOMP: 18/18. (Short Sale)

*All 3 homes under contracts are short sale. Get used to this.

Sold

According to MLS, no home settled during this period.

Conclusion

Short sales, short sales, short sales....

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.

Brambleton Weekly Update for 1/11/10 to 11/17/10

2010-01-19T23:44:00.013-05:00

Quick Brambleton Summary

New Listings: 6 (+3)
Under Contract: 5 (+4)

Sold: 2 (+1)

(Change from previous week.)

Ashburn Market Trends

Introduction

As of today 1/19/2009, there are 27 active listings (+1) in MLS and 9 homes (+4) under contract in last 30 days. This gives us an absorption rate of 3.0 which is better than last week's rate of 5.2.

Here's the breakdown of the active listings:

17 Traditional Resales (0), 1 Foreclosure (0) and 9 Short Sales(+2).

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

6 new listings came out during the period of 1/11/10 to 1/17/10.

Condo
1. Summerfield Milano. $145,000. (Short Sale)
2. Summerfield Napoli. $189,900. (Short Sale)
3. Beazer Aspen. $265,000. (Short Sale)
4. Summerfield Sienna. $265,000.

*I believe around 75%+ of Summerfield listings are either short sale or foreclosure.

Single Family
1. Centex Porter. $569,900.
2. Miller & Smith Clara Bow. $650,000.

Under Contract

According to MLS, 5 homes went under contract during 1/11/10 to 1/17/10.

Condo

1. Summerfield Verona. $239,900. DOMM/DOMP: 36/36.

Townhouse

1. Centex Walden. $339,900. DOMM/DOMP: 61/145.*

2. Miller & Smith Merlin. $399,000. DOMM/DOMP: 58/58.

Single Family

1. Stanley Martin Ballou. $435,000. DOMM/DOMP: 31/246. (Short Sale)

2. Beazer Berkeley. $649,900. DOMM/DMOP: 57/57. (Short Sale)

3. Gulick Winthrop. $799,900. DOMM/DOMP: 23/175.

*Centex Walden went under contract on 1/18/10 so technically this listing should be on next week's update.

Sold

According to MLS, 2 homes settled during this period.

Format: Model. Address. Sold Price - Subsidy = Net Price. DOMM/DOMP.

Townhouse

1. Beazer Chancery. 22946 OLYMPIA DR. $350,000 - $0 = $350,000. DOMM/DOMP: 12/12. (Short Sale)*

*This is a great deal. Imagine over 3,000 sq ft townhome for $350,000. Only with short sales can you get this kind of deal.

Single Family

1. Miller & Smith Spirit of St. Louis. 22794 COURTLAND PARK DR. $540,000 - $0 = $540,000. DOMM/DOMP: 27/156.*

*Miller & Smith Spirit of St. Louis models tend to take a while to sell compared to other models. This is true even in seller's market. If I remember correctly, this home went under contract at least 3 times. This model is more or less the precursor to the popular Clara Bow.

Conclusion

Market is picking up.

Brambleton Weekly Update for 1/4/10 to 1/10/10

2010-01-13T13:54:00.013-05:00

Quick Brambleton Summary

New Listings: 3 (+2)
Under Contract: 1 (+1)

Sold: 2 (+1)

(Change from previous week.)

Ashburn Market Trends

Introduction

As of today 1/13/2009, there are 26 active listings (+4) in MLS and 5 homes (-3) under contract in last 30 days. This gives us an absorption rate of 5.2 which is worse that last week's rate of 3.7.

Here's the breakdown of the active listings:

17 Traditional Resales (0), 1 Foreclosure (0) and 7 Short Sales(-1).

Click here to view all active listings via FranklyMLS.com.

There's some non-Brambleton listings so just look at the subdivision.

Townhouse
1. Centex Fulton. $525,000. (Short Sale)
2. Miller & Smith Rhapsody. $549,900.
3. Centex Carlton. $675,000.

Under Contract

According to MLS, 1 home went under contract during 1/4/10 to 1/10/10.

Townhouse

1. Miller & Smith Merlin. $375,000. DOMM/DOMP: 34/64.

Sold

According to MLS, 1 home settled during this period.

Format: Model. Address. Sold Price - Subsidy = Net Price. DOMM/DOMP.

Single Family

1. 42504 LEGACY PARK DR. Beazer Chancery. $415,000 - $0 = $415,000. DOMM/DOMP: 5/5.*

2. 23077 RUSHMORE CT. Centex Harrison. $650,000 - $0 = $650,000. DOMM/DOMP: 81/81.

*42504 LEGACY PARK DR was a short sale listing at one point. However, the second lien refused to release the lien unless they get substantial amount of money. Well, it foreclosed and they got no money.

Conclusion

Nothing new.

Brambleton Weekly Update for 12/28/09 to 1/3/10

2010-01-04T13:53:00.001-05:00

Quick Brambleton Summary

New Listings: 1 (-3)
Under Contract: 0 (-2)

Sold: 1 (0)

(Change from previous week.)

Ashburn Market Trends

Introduction

Happy New Year! I wish you a wonderful and prosperous year.

I'm tweaking my weekly update by removing new home listings in MLS. Since most listings just state base price, the numbers can be deceiving. I will focus exclusively on resale information. So here it is.

As of today 1/4/2010, there are 22 resale listings in MLS and 6 homes under contract in last 30 days. This gives us an absorption rate of 3.7.

Here's the breakdown of the active listings:

16 Traditional Resales (+2), 1 Foreclosure (0) and 5 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

2 new listings came out during the period of 12/28/09 to 1/3/10.

Single Family
1.Centex Fulton. $525,000. (Short Sale)*
2. Centex Porter. $549,000.

*This listing hit the market on 1/4/10 so it should technically belong to next week's update.

Under Contract

No home went under contract in this week.

Sold

According to MLS, 1 home settled during this period.

Format: Model. Address. Sold Price - Subsidy = Net Price. DOMM/DOMP.

Townhouse

42537 REGAL WOOD DR. $337,500 - $2,000 = $335,500. DOMM/DOMP: 11/11. (Foreclosure)

Conclusion

It's the calm before the storm. 2010 will be very, very active with majority of sales being short sales.

Brambleton Weekly Update for 12/21/09 t0 12/27/09

2009-12-29T13:52:00.000-05:00

Quick Brambleton Summary

New Listings: 1 (0)
Under Contract: 1 (-1)

Sold: 1 (0)

(Change from previous week.)

Ashburn Market Trends

Introduction

As of today 12/29/2009, there are 45 active listings (+4) in MLS and 14 homes (-3) under contract in last 30 days. This gives us an absorption rate of 3.2 which is worse that last week's rate of 2.8.

Here's the breakdown of the active listings:

26 New Constructions (+1) , 16 Traditional Resales (+2), 1 Foreclosure (+1) and 2 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

1 new listing came out during the period of 12/21/09 to 12/27/09.

Single Family
1. Gulick Vincent. $799,900.

*Short sale failed and this home foreclosed and now relisted.

Under Contract

According to MLS, 1 home went under contract during 12/21/09 t0 12/27/09.

Condo

1. Summerfield Napoli. $179,900. DOMM/DOMP: 59/59. (Short Sale)

Sold

According to MLS, 1 home settled during this period.

Format: Model. Address. Sold Price - Subsidy = Net Price. DOMM/DOMP.

Single Family

1. Centex Stratton. 22948 ROSE QUARTZ SQ. $321,500 - $3,944 = $317,556. DOMM/DOMP: 9/9.

Conclusion

No significant update.

Brambleton Real Estate Weekly Update for 12/7/09 to 12/13/09

2009-12-14T11:23:00.009-05:00

Quick Brambleton Summary

New Listings: 4 (-1)
Under Contract: 2 (-2)

Sold: 1 (-2)

(Change from previous week.)

Ashburn Market Trends

Introduction

As of today 12/14/2009, there are 46 active listings (+4) in MLS and 9 homes (-3) under contract in last 30 days. This gives us an absorption rate of 5.1 which is worse that last week's rate of 3.5.

Here's the breakdown of the active listings:

26 New Constructions (+1) , 14 Traditional Resales (+2), 1 Foreclosure (+1) and 5 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.

Condo
1. Summerfield Milano. $149,900. (Foreclosure)*
2. Summerfield Verona. $249,900.

Townhouse
1. Centex Middleton. $339,000.
2. Beazer Chancery. $425,000.

*Foreclosure listings have really slowed down. Banks prefer to do a short sale versus foreclosuring.

Under Contract

According to MLS, 2 homes went under contract during 12/07/09 to 12/13/09.

Condo

1. Centex Strattton. $329,950. DOMM/DOMP: 9/9.

Single Family

1. Miller & Smtih Spirit of St. Louis. $549,900. DOMM/DOMP: 24/153

Sold

According to MLS, 1 home settled during this period.

Format: Model. Address. Sold Price - Subsidy = Net Price. DOMM/DOMP.

Single Family

1. Beazer Bentley. 42879 CONQUEST CIR. $575,000 - $16,500 = $558,500. DOMM/DOMP: 5/5. (Short Sale)*

*Beazer Bentley for $558,500 is a great deal!

Conclusion

Nothing new. The market is a little slower but that's expected around the holidays.

Brambleton Weekly Update for 11/30/09 to 12/6/09

2009-12-09T02:06:00.003-05:00

Quick Brambleton Summary

New Listings: 5 (+4)
Under Contract: 4 (0)

Sold: 3 (+2)

(Change from previous week.)

Ashburn Market Trends

Introduction

As of today 12/9/2009, there are 42 active listings (+3) in MLS and 12 homes (-3) under contract in last 30 days. This gives us an absorption rate of 3.5 which is worse that last week's rate of 3.3.

Here's the breakdown of the active listings:

25 New Constructions (+2) , 12 Traditional Resales (+1), 0 Foreclosure (0) and 5 Short Sales(-1).

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

5 new listings came out during the period of 11/30/09 to 12/6/09.

Townhouse
1. Van Metre The Plaza. $329,990. (New Construction)*
2. Van Metre The Gramercy. $339,999. (New Construction)*
3. Van Metre The Hudson. $349,990, (New Construction)*
4. Miller & Smith Merlin. $375,000.**

*Van Metre has started the townhouse sales in Brambleton for the very first time. This is exciting. One thing I love about Brambleton is the diversity in architectural style and the variety of floor plans available. It's not like South Riding where you have new townhomes that look pretty much the same.

**This is a relist.

Single Family
1. Centex Carlson. $595,900

Under Contract

According to MLS, 4 homes went under contract during 11/30/09 to 12/6/09.

Condo

1. Summerfield Florence. $150,000. DOMM/DOMP: 113/113. (Short Sale)

2. Summerfield Roma. $169,900. DOMM/DOMP: 23/23. (Short Sale)

3. Summerfield Verona. $215,000. DOMM/DOMP: 2/2. (Short Sale, Sold)

Summerfield condos are getting destroyed. I think over 80% of sales will be short sales or foreclosure for 2010.

Townhouse

1. Beazer Chancery. $435,000. DOMM/DOMP: 5/5.

Sold

According to MLS, 3 homes settled during this period.

Format: Model. Address. Sold Price - Subsidy = Net Price. DOMM/DOMP.

Condo

1. Summerfield Verona. 2577 BLUE ELDER TER. $215,000 - $5,930. DOMM/DOMP: 2/2. (Short Sale)

Townhouse

1. Centex Middleton. 22818 EDSON TER. $319,000 - $0 = $319,000. DOMM/DOMP: 18/18.

Single Family

1. Winchester Homes Chelsie. 22825 PORTICO PL. $621,450 - $5,000 = $616,450. DOMM/DOMP: 5/5.

Conclusion

Nothing new. The market is a little slower but much more active than this time last year.

Brambleton Weekly Update for 11/23/09 to 11/29/09

2009-12-01T09:58:00.002-05:00

Quick Brambleton Summary

New Listings: 1 (-7)
Under Contract: 4 (+4)

Sold: 1 (-1)

(Change from previous week.)

Ashburn Market Trends

Introduction

As of today 12/2/2009, there are 39 active listings (-2) in MLS and 12 homes (-3) under contract in last 30 days. This gives us an absorption rate of 3.25 which is worse that last week's rate of 2.7.

Here's the breakdown of the active listings:

23 New Constructions (-1) , 11 Traditional Resales (0), 0 Foreclosure (0) and 5 Short Sales(-1).

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

1 new listings came out during the period of 11/23/09 to 11/29/09.

Townhouse
1. Beazer Chancery. $435,000.

Under Contract

According to MLS, 4 homes went under contract during 11/23/09 to 11/29/09.

Townhouse
1. Centex Stratton. $329,950. DOMM/DOMP: 7/7.

Single Family
1. Centex Fulton. $549,900. DOMM/DOMP: 4/4. (Potential Short Sale)*
2. Centex Harrison. $587,900. DOMM/DOMP: 8/8. (Short Sale)
3. Winchester Homes Browning. $699,900. DOMM/DOMP: 39/39. (Short Sale)

*This property has not been clearly listed as short sale. It does say "as-is" and potential short sale .

Sold

According to MLS, one home settled during this period.

Format: Model. Address. Sold Price - Subsidy = Net Price. DOMM/DOMP.

Condo

1. Summerfield Sienna. 22655 BLUE ELDER TER #302. $200000 - $0 = $200,000. DOMM/DOMP: 5/5.

Conclusion

Nothing new. If you have any questions concerning buying or selling in Brambleton or in Northern Virginia, feel free to email meor call me. If you are considering a short sale, you can visit my short sale blogVirginiaShortSaleExpert.com.

Brambleton Weekly Update for 11/16/09 to 11/22/09

2009-11-25T10:17:00.006-05:00

Quick Brambleton Summary

New Listings: 8 (+4)
Under Contract: 0 (-4)

Sold: 2 (+1)

(Change from previous week.)

Ashubrn Real Estate Market (20148)

I will provide weekly market data for 20148 zip code from this week on.

Median Price.

Inventory

Average Days on Market

Median Market Action Index

Introduction

As of today 11/25/2009, there are 41 active listings (+5) in MLS and 15 homes (0) under contract in last 30 days. This gives us an absorption rate of 2.7 which is worse that last week's rate of 2.4.

Here's the breakdown of the active listings:

24 New Constructions (-2) , 11 Traditional Resales (+1), 0 Foreclosure (0) and 6 Short Sales(-1).

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

8 new listings came out during the period of 11/16/09 to 11/22/09.

Condo

1. Beazer Aspen. $289,990. (New Construction)
2. Beazer Aspen. $295,185. (New Construction)
3. Beazer Vail. $316,645. (New Construction)

Townhouse
*1. Centex Walden. $349,900.
2. Miller & Smith Merlin. $399,000

Single Family

1. Miller & Smith Spirit of St Louis.

2. Centex Fulton. $549,900. (Under Contract)

3. Centex Harrison. $587,900. (Short Sale, Under Contract)

4. Beazer Berkely. $699,000. (Short Sale)

*This townhome was purchased for $315,000 last year as a short sale. Short sales present great opportunity for buyers. In my opinion, short sales are better deals than foreclosures.

Under Contract

According to MLS, no homes went under contract during 11/16/09 to 11/22/09.

Sold

According to MLS, two homes settled during this period.

Format: Model. Address. Sold Price - Subsidy = Net Price. DOMM/DOMP.

Condo

1. Summerfield Napoli. 22668 BLUE ELDER TER #303. $189,900 - $5,967 = $183,933. DOMM/DOMP: 13/13. (Short Sale)

2. Summerfield Verona. 42425 GOLDENSEAL SQ. $196,000 - $6,700 = $189,300. DOMM/DOMP: 43/43. (Short sale)

Townhouse

*1. Beazer Chancery. 42505 CORTEZ TER. $375,000 - $0 = $375,000. DOMM/DOMP: 6/6. (Short Sale)

Single Family

*1. Centex Porter. 42585 REGAL WOOD DR. $569,900 - $0 = $569,900. DOMM/DOMP: 14/14.

*These two homes settled after 11/22/09 so they will be mentioned again next week.

Conclusion

Summerfield condo is getting rocked. Pretty much anyone trying to sell in Summerfield has to resort to short sales. This past week, I sold a short sale on 42425 GOLDENSEAL SQ for $189,300 net price. The seller purchased the condo for $372,900 in 2006. It's almost half price! To learn about short sales, you can visit my short sale blog to learn more about it. It gets over 3,000 visitors a month.

If you have any questions concerning buying or selling in Brambleton or in Northern Virginia, feel free to email meor call me. If you are considering a short sale, you can visit my short sale blogVirginiaShortSaleExpert.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.

Brambleton Weekly Update for 11/9/09 to 11/15/09

2009-11-18T07:11:00.010-05:00

Quick Summary

New Listings: 4 (0)
Under Contract: 4 (+1)

Sold: 1 (+1)

(Change from previous week.)

Introduction

As of today 11/17/2009, there are 36 active listings (0) in MLS and 15 homes (0) under contract in last 30 days. This gives us an absorption rate of 2.4 which is same as last week's rate of 2.4.

Here's the breakdown of the active listings:

19 New Constructions (-2) , 10 Traditional Resales (+1), 0 Foreclosure (0) and 7 Short Sales(+1).

Click here to view all active listings via FranklyMLS.com.

There's some non-Brambleton listings so just look at the subdivision.

Condo

1. Summerfield Roma. $199,900. (Short Sale)
2. Summerfield Verona. $314,900.

Single Family

1. Miller & Smith Rhapsody. $530,222. (New Construction)

2. Gulick Townsend. $1,149,500. (New Costruction)

Under Contract

According to MLS, 4 homes went under contract during 11/9/09 to 11/15/09.

Condo
1. Centex Logan. $285,090. DOMM/DOMP: 8/0. (New Construction)
2. Centex O'Hare. $329,900. DOMM/DOMP: 44/44.
3. Centex O'Hare. $352,215. DOMM/DOMP: 37/0. (New Construction)

Townhouse

1. Centex Middleton. $319,000. DOMM/DOMP: 18/18.

Sold

According to MLS, one home settled during this period.

Format: Model. Address. Sold Price - Subsidy = Net Price. DOMM/DOMP.

Single Family

1. Gulick Winthrop. 23092 OGLETHORPE CT. $885,000 - $10,000 = $875,000. DOMM/DOMP: 112/112.

Conclusion

Nothing new.

Brambleton Weekly Update for 11/2/09 to 11/8/09

2009-11-12T11:06:00.007-05:00

Quick Summary

New Listings: 4 (0)
Under Contract: 3 (-3)

Sold: 0 (-2)

(Change from previous week.)

Introduction

As of today 11/11/2009, there are 36 active listings (+4) in MLS and 15 homes (+1) under contract in last 30 days. This gives us an absorption rate of 2.4 which is worse than last week's rate of 2.3.

Here's the breakdown of the active listings:

21 New Constructions (+2) , 9 Traditional Resales (-1), 0 Foreclosure (0) and 6 Short Sales(+3).

Click here to view all active listings via FranklyMLS.com.

There's some non-Brambleton listings so just look at the subdivision.

Condo

1. Centex Logan. $285,090. (New Construction)

Townhouse
1. Centex Stratton. $329,950.

Single Family

1. Miller & Smith Clara Bow. $601,095. (New Construction)

2. Stanley Martin Ballou III. $799,900.

Under Contract

According to MLS, 3 homes went under contract during 11/2/09 to 11/8/09.

Townhouse
1. Centex Stratton. $329,950. DOMM/DOMP: 4/4.
2. Beazer Chancery: $395,000. DOMM/DOMP: 0/0. (Short Sale)

Single Family

1. Winchester Homes Chelsea. $629,900. DOMM/DOMP: 5/5.

Sold

No home settled this past week.

Conclusion

Nothing new.

Brambleton Weekly Update for 10/27/09 to 11/1/09

2009-11-03T15:19:00.007-05:00

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.

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.