Centreville, VA Real Estate

This Blog is Moving to CentrevilleRealEstateBlog.com

2009-06-03T22:11:00.000-07:00

Future posts will be posted in CentrevilleRealEstateBlog.com.

Monthly Update- April 2009

2009-05-05T19:23:00.000-07:00

INTRODUCTION

As of April 30th, 2009 , there were 19 active homes in MLS and 27 homes that went under contract during the month of April. That gives us an absorption rate of .70 compared to last month's of 1.35.

Here’s the breakdown of all active listings in MLS: 5 regular resales, 2 foreclosures, and 12 short sales.

NEW LISTING
According to MLS, there were a total of 19 new listings for the month of April.

Condo
1. Stonegate Ashton. 5123 TRAVIS EDWARD WAY #E. $147,015. (foreclosure-under contract)
2. Stonegate Arrington. 13359 CONNOR DR #E. $155,000. (short sale)
3. Stonegate Ashton. 5117 TRAVIS EDWARD WAY #I. $164,900. (short sale)
4. Stonegate Baldwin. 13397 CONNOR DR #K. $175,000. (foreclosure-under contract)*
5. Stonegate Theodore. 13341T CONNOR DR. $200,000. (short sale-under contract)*
6. Stonegate Baldwin. 5106B TRAVIS EDWARD WAY. $209,000. (short sale-under contract)

Townhouse
1. Pulte Parker. 5039 GREENHOUSE TER. $260,000. (short sale-under contract)*
2. Pulte Oakleigh. 4994 CENTREVILLE FARMS RD. $302,900. (foreclosure-under contract)*
3. Winchester Homes Victory. 13687 LAVENDER MIST LN. $305,000. (short sale-under contract)*
4. Pulte Oakleigh. 5024 GREENHOUSE TER. $317,000 (short sale-under contract)*
5. Pulte Silverbrook. 5143 SAPPHIRE SKY LN. $333,900 (foreclosure-under contract)
6. Pulte Oakleigh. 5007 GREENHOUSE TER,. $339,900 (foreclosure-under contract)*
7. Pulte Parker. 13301 SUMMER GARDEN WALK. $340,000 (short sale)
8. Winchester Homes Freedom. 13509 LAVENDER MIST LN. $349,000 (short sale-under contract)*
9. Pulte Oakleigh. 13532 STARGAZER TER. $359,900 (short sale)*
10. Pulte Fairlington. 13422 MATTHEWS VISTA DR. $360,000 (short sale-under contract)
11. Winchester Homes Victory. 13621 LAVENDER MIST LN. $365,000 (foreclosure-under contract)
12. Winchester Homes Chandler. 13538 MIST FLOWER DR. $425,000 (under contract)

Single Family
1. Pulte Ashford. 13502 JEB STUART SQ. $540,000. (short sale)

UNDER CONTRACT
According to MLS, there were 27 homes under contract some included in the list above*.

Condo
1. Stonegate Thorton. 5107 TRAVIS EDWARD WAY #G. $215,000. DOMM/DOMP 123/0.
2. Stonegate Baldwin. 5126 BRITTNEY ELYSE CIR #B. $175,987. DOMM/DOMP 45/45.
3. Stonegate Baldwin . 13377 CONNOR DR #E. $232,000. DOMM/DOMP 152/152.

Townhouse
1. Pulte Oakleigh. 4996 CENTREVILLE FARMS RD. $310,000. DOMM/DOMP 43/38.
2. Pulte Silverbrook. 5300 JULE STAR DR. $312,900. DOMM/DOMP 110/110.
3. Pulte Silverbrook. 5367 CRIMSON SKY CT. $319,000. DOMM/DOMP 89/89.
4. Winchester Homes Victory . 13559 LAVENDER MIST LN. $40,000. DOMM/DOMP 9/9.
5. Pulte Parker. 5311 GRANITE STEP TRL. $349,900. DOMM/DOMP 19/19.
6. Pulte Parker. 5010 VILLAGE FOUNTAIN PL. $350,000. DOMM/DOMP 19/19.
7. Pulte Oakleigh. 13248 ALCOVE PATH. $359,000. DOMM/DOMP 7/7.
8. Pulte Silverbrook. 13505 STARGAZER TER. $389,900. DOMM/DOMP 46/46.
9. Winchester Homes Victory. 5326 ROSEMALLOW CIR. $399,000 DOMM/DOMP 32/32.
10. Winchester Homes Chandler. 5370 BLUE ASTER CIR. $395,000. DOMM/DOMP 20/20.
11. Winchester Homes Liberty. 5465 SERVICEBERRY ST. $439,000. DOMM/DOMP 105/105.

Single Family
1. Pulte Barrington. 5361 SAMMIE KAY LN. $490,000. DOMM/DOMP 65/65.
2. Pulte Barrington. 5302 SAMMIE KAY LN. $529,900. DOMM/DOMP 65/65.
3. Pulte Jamestown. 13514 ANN GRIGSBY CIR. $565,000. DOMM/DOMP 38/38.
4. Winchester Homes Abbey. 13706 ASTILBE CT. $609,000. DOMM/DOMP 8/8.

SOLD
According to MLS, there were only 8 homes that closed in April.

Model, Address, Sales Price - Subsidy = Net Price, DOMM/DOMP

Condo
1. Stonegate Cameron. 5172 WILLIAM COLIN CT #C. $280,000- $0= $280,000. DOMM/DOMP 264/264.

Townhouse
1. Winchester Homes Chandler. 5366 BLUE ASTER CIR. $430,000- $5,000= $425,000. DOMM/DOMP 19/20.
2. Pulte Oakleigh. 4992 CENTREVILLE FARMS RD. $315,000- $5,000= $310,000. DOMM/DOMP 142/142.
3. Pulte Silverbrook. 5151 SAPPHIRE SKY LN. $318,000- $0= $318,000. DOMM/DOMP 27/27.
4. Winchester Homes Freedom . 13544 PRAIRIE MALLOW LN. (agent hasn't entered information into the system)
5. Pulte Oakleigh. 5017 GREENHOUSE TER. $335,000- $9930= $325,070. DOMM/DOMP 12/12.
6. Pulte Oakleigh. 5092 VILLAGE FOUNTAIN PL. $305,000- $0= $305,000. DOMM/DOMP 46/46.
7. Pulte Tyler. 5207 JULE STAR DR. $422,000- $6,000= $416,000. DOMM/DOMP 5/5.

OBSERVATIONS
No new trends to report

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.

March 2009 "Faircrest" Update

2009-04-01T20:57:00.000-07:00

We're back with the updates but will report on a monthly basis.

INTRODUCTION

As of March 31st, 2009 , there are 27 active homes in MLS and 20 homes that went under contract during that month. That gives us an absorption rate of 1.35.

Here’s the breakdown of all active listings in MLS: 9 regular resales, 1 foreclosure, and 17 short sales.

NEW LISTING
According to MLS, there were a total of 16 new listings for the month of March.

Condo
1. Stonegate Baldwin Garage. 5142 BRITTNEY ELYSE CIR #B. $170,000. (foreclosure-under contract)

Townhouse
1. Pulte Silverbrook. 13474 TWILIGHT GLOW DR. $330,000. (short sale, under contract)
2. Pulte Oakleigh. 5017 GREENHOUSE TER. $339,900. (foreclosure, under contract)
3. Pulte Parker. 5311 GRANITE STEP TRL. $349,900.
4. Pulte Parker . 5010 VILLAGE FOUNTAIN PL. $350,000 (short sale)
5. Winchester Homes Victory. 13566 LAVENDER MIST LN. $350,000 (short sale)
6. Pulte Oakleigh. 13248 ALCOVE PATH. $359,000
7. Pulte Silverbrook. 5353 CRIMSON SKY CT. $369,500 (under contract)
8. Winchester Homes Chandler. 5370 BLUE ASTER CIR. $395,000
9. Winchester Homes Chandler. 5340 BLUE ASTER CIR. $399,900 (foreclosure-contract)
10. Winchester Homes Victory. 5316 ROSEMALLOW CIR. $409,900 (short sale)
11. Pulte Parker. 4997 COOL FOUNTAIN LN. $414,900.
12. Pulte Tyler. 5207 JULE STAR DR. $414,900 (contract)

Single Family
1. Pulte Ashford. 5481 ORMOND STONE CIR. $570,000. (short sale)
2. Pulte Jamestown. 13514 ANN GRIGSBY CIR. $575,000 (short sale)
3. Winchester Homes Abbey. 13706 ASTILBE CT. $609,000 (short sale- contract)

UNDER CONTRACT
According to MLS, there were 20 homes under contract not including those listed above.

Condo
1. Stonegate Ashton. 5121 TRAVIS EDWARD WAY #F. $145,000. DOMM/DOMP 56/56.
2. Stonegate Ashton Loft. 5123 TRAVIS EDWARD WAY #J. $165,900. DOMM/DOMP 13/13.
3. Stonegate Baldwin Garage. 5142 BRITTNEY ELYSE CIR #B. $170,000. DOMM/DOMP 6/6.
4. Stonegate Baldwin. 5142 BRITTNEY ELYSE CIR #H. $179,000. DOMM/DOMP 34/34.
5. Stonegate Thorton. 5111 TRAVIS EDWARD WAY #F. $192,000. DOMM/DOMP 7/7.
6. Stonegate Baldwin. 13384 CONNOR DR #C. $199,900. DOMM/DOMP 48/48.
7. Stonegate Baldwin. 13363I CONNOR DR #I. $214,900. DOMM/DOMP 57/57.

Townhouse
1. Winchester Homes Chandler. 5340 BLUE ASTER CIR, $399,900. DOMM/DOMP 7/30.
2. Winchester Homes Chandler. 5366 BLUE ASTER CIR. $459,950. DOMM/DOMP 19/20.
3. Pulte Silverbrook. 5270 JULE STAR DR. $303,900. DOMM/DOMP 21/91.
4. Pulte Oakleigh . 4992 CENTREVILLE FARMS RD. $310,000. DOMM/DOMP 142/135.
5. Pulte Silverbrook . 5151 SAPPHIRE SKY LN. $319,900. DOMM/DOMP 27/27.
6. Pulte Oakleigh. 5017 GREENHOUSE TER. $339,900. DOMM/DOMP 12/12.
7. Pulte Silverbrook. 5353 CRIMSON SKY CT. $369,500. DOMM/DOMP 6/6.
8. Pulte Tyler. 5207 JULE STAR DR. $419,900. DOMM/DOMP 5/5.

Single Family
1. Winchester Homes Abbey. 13686 SWEET WOODRUFF LN. $599,000. DOMM/DOMP 24/24.
2. Winchester Homes Prescott. 13682 SWEET WOODRUFF LN. $609,000. DOMM/DOMP 18/18.
3. Winchester Homes Abbey. 13706 ASTILBE CT. $609,000. DOMM/DOMP 8/8.
4. Winchester Homes Browning. 13553 PLUMBAGO DR. $640,000. DOMM/DOMP 97/249.

SOLD
According to MLS, there were only 5 homes that closed in March.

Model, Address, Sales Price - Subsidy = Net Price, DOMM/DOMP

Condo
1. Stonegate Thorton. 5111 TRAVIS EDWARD WAY #F. $202,000- $9,396= $192,604. DOMM/DOMP 7/7.
2. Stonegate Theodore. 13399 CONNOR DR #T. $240,000- $6,500= $233,500. DOMM/DOMP 51/51

Townhouse
1. Winchester Homes Freedom. 13631 LAVENDER MIST LN. $300,000- $0= $300,000, DOMM/DOMP 1/46.
2. Pulte Silverbrook. 5270 JULE STAR DR. $365,000- $10,950= $354,050. DOMM/DOMP 21/91.
3. Winchester Homes Victory. 13617 LAVENDER MIST LN. $350,000- $10,000= $340,000. DOMM/DOMP 8/8.

OBSERVATIONS
No new trends to report

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.

Short Sale Pitfalls

2009-03-25T21:38:00.001-07:00

I just posted a blog, Reasons Short Sale Fail, on my short sale blog, VirginiaShortSaleExpert.com

You can also read a Q & A with Alex Charfen, the ultimate short sale guru. He says that about 12% of short sales close. I think the number is significantly higher in Brambleton.

Let me know if you have any specific short sale question. 703-401-0571.

Faircrest Weekly Update 2/17/09 - 3/3/09

2009-03-03T18:25:00.001-08:00

This report will include for the period of 2/17/09 to 2/23/09 and this week's...

INTRODUCTION

As of today (March 3rd, 2009 2PM), there are 28 active homes (+3) in MLS and 9 homes (0) that went under contract within last 30 days. This gives us the absorption rate of 3.1 from two week's ago of 2.7.

Here’s the breakdown of all active listings in MLS: 8 regular resales (+1) , 3 foreclosures (0) and 16 short sales (+1).

NEW LISTING
According to MLS, there are a total of 8 new listings. For the period of 2/17/09 to 2/23/09, there were 3 (2 short sales and 1 foreclosure). For this period of 2/24/09 to 3/3/09, there are 5 (3 short sales, 1 regular, and 1 foreclosure).

Condo
1. Stonegate Ashton Loft. 5123 J TRAVIS EDWARD WAY. $165,900. (foreclosure)
2. Stonegate Thorton. 5111 TRAVIS EDWARD WAY #F. $192,000. (foreclosure, currently under contract/no ko)
3. Stonegate Baldwin. 5126B BRITTNEY ELYSE CIR. $199,987. (short sale)

Townhouse
1. Winchester Homes Freedom. 13631 LAVENDER MIST LN. $300,000. (short sale, currently under contract/no ko)
2. Winchester Homes Victory. 13693 LAVENDER MIST LN. $305,000. (short sale, currently under contract/no ko)
3. Pulte Silverbrook. 13505 STARGAZER TER. $399,900.

Single Family
1. Pulte Ashford. 13515 ANN GRIGSBY CIR. $575,000. (short sale)

UNDER CONTRACT
According to MLS, there are 6 homes under contract from 2/17/09 to 3/3/09.

Condo
1. Stonegate Thorton. 5111 TRAVIS EDWARD WAY #F. $192,000. DOMM/DOMP 7/7.
2. Stonegate Theodore. 13403 CONNOR DR #T. $199,900. DOMM/DOMP 29/29.
3. Stonegate Theodore. 13399 T CONNOR DR. $249,900. DOMM/DOMP 51/51.

Townhouse
1. Winchester Homes Freedom. 13631 LAVENDER MIST LN. $300,000. DOMM/DOMP 1/146.
2. Winchester Homes Victory. 13693 LAVENDER MIST LN. $305,000. DOMM/DOMP 3/3.

Single Family
1. Winchester Homes Abbey. 13686 SWEET WOODRUFF LN. $599,000. DOMM/DOMP 24/24

SOLD
According to MLS, there were only 3 homes that closed from 2/17/09 to 3/3/09.

Model, Address, Sales Price - Subsidy = Net Price, DOMM/DOMP

Townhouse
1. Pulte Oakleigh. 5044 COOL FOUNTAIN LN. $305,000- $0= $305,000, DOMM/DOMP 14/14.
2. Pulte Oakleigh. 5092 VILLAGE FOUNTAIN PL. (scheduled to close 2/28, not updated yet)
3. Winchester Homes Freedom. 13527 LAVENDER MIST LN. $355,000- $0= $355,000, DOMM/DOMP 6/6.

OBSERVATIONS
No new trends to report

Short sale properties will continue to be the trend for the market in 2009. We are experienced short sale Realtors since 2007 and have sold over a dozen short sale listings. Team Leader, Simon Hahn, is a Certified Distressed Property Expert. Our system is set up to ensure high success and clear communication. Homes are sold "as-is" and the commission split is 50/50 with the buyer's agent and listing agent. The Hahn Group has yet to give the buyer's agent less than 3% except when the buyer is also the agent. We will honor the hardwork of the buyer's agent.

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.

Faircrest Weekly Update 2/10/09 - 2/17/09

2009-02-17T11:24:00.001-08:00

INTRODUCTION

As of today (February 17th, 2009 2PM), there are 25 active homes (+2) in MLS and 9 homes (-1) that went under contract within last 30 days. This gives us the absorption rate of 2.7 from last week of 2.3.

Here’s the breakdown of all active listings in MLS: 7 regular resales (0) , 3 foreclosures (+1) and 15 short sales (+1).

NEW LISTING
According to MLS, there are 3 new listings during this period of 2/10/09- 2/17/09.

Condo
1. Stonegate Talbot. 13367T CONNOR DR. $275,000 (short sale)

Townhouse
1. Winchester Homes Freedom. 13631 LAVENDER MIST LN. $300,000 (short sale, previously under contract back on market, buyer's remorse)
2. Pulte Silverbrook. 5270 JULE STAR DR. $303,900 (foreclosure)

UNDER CONTRACT
According to MLS, there are 2 homes under contract during this period of 2/10/09- 2/17/09.

Townhouse
1. Pulte Oakleigh. 4992 CENTREVILLE FARMS RD. $340,000. DOMM/DOMP 133/133.
2. Winchester Homes Victory. 5326 ROSEMALLOW CIR. $415,000. DOMM/DOMP 7/7.

SOLD
According to MLS, there were no closings scheduled for this period.

Model, Address, Sales Price - Subsidy = Net Price, DOMM/DOMP

OBSERVATIONS
No new trends to report

Short sale properties will continue to be the trend for the market in 2009. We are experienced short sale Realtors since 2007 and have sold over a dozen short sale listings. Team Leader, Simon Hahn, is a Certified Distressed Property Expert. Our system is set up to ensure high success and clear communication. Homes are sold "as-is" and the commission split is 50/50 with the buyer's agent and listing agent. The Hahn Group has yet to give the buyer's agent less than 3% except when the buyer is also the agent. We will honor the hardwork of the buyer's agent.

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.

Faircrest Weekly Update 2/3/09 - 2/10/09

2009-02-10T08:28:00.000-08:00

INTRODUCTION

As of February 10th, 2009 2PM, there are 23 active homes (+3) in MLS and 10 homes (+1) that went under contract within last 30 days. This gives us the absorption rate of 2.3 from last week of 2.2.

Here’s the breakdown of all active listings in MLS: 7 regular resales (0) , 2 foreclosures (-1) and 14 short sales (+3).

NEW LISTING
According to MLS, there are 5 new listings during this period of 2/3/09- 2/10/09.

Condo
1. Stonegate Baldwin. 5142 BRITTNEY ELYSE CIR #H. $199,000 (short sale)

Townhouse
1. Pulte Parker. 5304 GRANITE STEP TER. $429,900.
2. Winchester Homes Victory. 5326 ROSEMALLOW CIR. $430,000 (short sale)
3. Winchester Homes Chandler. 5366 BLUE ASTER CIR. $459,950 (under contract)

Single Family
1. Pulte Barrington. 5361 SAMMIE KAY LN. $539,900 (short sale)

UNDER CONTRACT
According to MLS, there are 2 homes under contract during this period of 2/3/09- 2/10/09.

Townhouse
1. Metropolitan Homes Victory. 13617 LAVENDER MIST LN. $304,000. DOMM/DOMP 8/8.

Single Family
1. Winchester Homes Vincent. 13571 DIANTHUS CT. $739,000. DOMM/DOMP 22/22.

SOLD
According to MLS, there was only 1 home settled during this period.

Model, Address, Sales Price - Subsidy = Net Price, DOMM/DOMP

Townhome
1. Pulte Oakleigh. 5033 GREENHOUSE TER. $300,000- $0= $300,000, DOMM/DOMP 40/40.

OBSERVATIONS
No new trends to report

Short sale properties will continue to be the trend for the market in 2009. We are experienced short sale Realtors since 2007 and have sold over a dozen short sale listings. Team Leader, Simon Hahn, is a Certified Distressed Property Expert. Our system is set up to ensure high success and clear communication. Homes are sold "as-is" and the commission split is 50/50 with the buyer's agent and listing agent. The Hahn Group has yet to give the buyer's agent less than 3% except when the buyer is also the agent. We will honor the hardwork of the buyer's agent.

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.

Faircrest Weekly Update for 1/27/09 to 2/3/09

2009-02-05T11:51:00.001-08:00

Sorry for the delay in posting....been out with the flu.

INTRODUCTION

As of January 27th, 2009 2PM, there are 20 active homes (+1) in MLS and 9 homes (0) that went under contract within last 30 days. This gives us the absorption rate of 2.2 from last week of 2.1.

Here’s the breakdown of all active listings in MLS: 7 regular resales (0) , 3 foreclosures (+1) and 11 short sales (+1).

NEW LISTING
According to MLS, there are 4 new listings during this period of 1/27/09 - 2/3/09.

Condo
1. Stonegate Thorton. 5136 BRITTNEY ELYSE ##B. $345,000

Townhouse
1. Winchester Homes Victory. 13617 LAVENDER MIST LN. $304,000. (Eventhough not mentioned, I'm counting this as short sale based on information given)

Single Family
1. Pulte Barrington. 5302 SAMMIE KAY LN. $539,900 (short sale)
2. Winchester Homes Prescott. 13651 SWEET WOODRUFF LN. $599,000

UNDER CONTRACT
According to MLS, there are 2 homes under contract during this period of 1/27/09 - 2/3/09.

Townhouse
1. Metropolitan Homes Metropolitan. 13662 LAVENDER MIST LN. $305,000. DOMM/DOMP 151/151.
2. Winchester Homes Liberty. 5463 SERVICEBERRY ST. $435,000. DOMM/DOMP 206/206.

SOLD
According to MLS, there no are closings for this period.

OBSERVATIONS
Short sale properties will continue to be the trend for the market in 2009. We are experienced short sale Realtors since 2007 and have sold over a dozen short sale listings. Our system is set up to ensure high success and clear communication. Homes are sold "as-is" and the commission split is 50/50 with the buyer's agent and listing agent. The Hahn Group has yet to give the buyer's agent less than 3% except when the buyer is also the agent. We will honor the hardwork of the buyer's agent.

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.

Faircrest Weekly Update for 1/20/09 to 1/27/09

2009-01-27T17:35:00.001-08:00

INTRODUCTION

As of today (January 27th, 2009 2PM), there are 19 active home sales (-3) in MLS and 9 homes (+3) that went under contract within last 30 days. This gives us the absorption rate of 2.1 from last week of 3.6.

Here’s the breakdown of all active listings in MLS: 7 regular resales (-2) , 2 foreclosures (-2) and 10 short sales (+1).

NEW LISTING
According to MLS, there are 2 new listings during this period of 1/20/09 - 1/27/09.

Condo
1. Stonegate Theodore. 13403 CONNOR DR #T. $199,900 (short sale) (in last week's stats)
2. Stonegate Baldwin. 13384 CONNOR DR #C. $199,900 (short sale)

UNDER CONTRACT
According to MLS, there are 2 homes (short sales) under contract during this period of 1/20/09 - 1/27/09.

Townhouse
1. Pulte Oakleigh. 5044 COOL FOUNTAIN LN. $318,900. DOMM/DOMP 14/14.
2. Winchester Homes Freedom. 13527 LAVENDER MIST LN. $374,900. DOMM/DOMP 6/6.

SOLD
According to MLS, there was 1 short sale home sold during this period of 1/20/09 - 1/27/09.

Model, Address, Sales Price - Subsidy = Net Price, DOMM/DOMM

Condo
1. Stonegate Ashton. 5111 TRAVIS EDWARD WAY #C. $180,000- $5,355= $174,645. DOMM/DOMP 119/119.

OBSERVATIONS
Short sale properties will continue to be the trend for the market in 2009. We are experienced short sale Realtors since 2007 and have sold over a dozen short sale listings. Our system is set up to ensure high success and clear communication. Homes are sold "as-is" and the commission split is 50/50 with the buyer's agent and listing agent. The Hahn Group has yet to give the buyer's agent less than 3% except when the buyer is also the agent. We will honor the hardwork of the buyer's agent.

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.

Faircrest Weekly Update for 1/13/09 to 1/20/09

2009-01-20T18:05:00.000-08:00

INTRODUCTION

As of today (January 20th, 2009 2PM), there are 22 active listings (+2) in MLS and 6 homes (-2) that went under contract within last 30 days. This gives us the absorption rate of 3.6 from last week of 2.5.

Here’s the breakdown of all active listings in MLS: 9 regular resales (+1) , 4 foreclosures (+1) and 9 short sales (0).

NEW LISTING
According to MLS, there are 5 new listings during this period of 1/13/09 - 1/20/09.

Condo
1. Stonegate Theodore. 13403 CONNOR DR #T. $199,900 (short sale)
2. Stonegate Baldwin. 13363 CONNOR DR #I. $214,900 (foreclosure)

Townhouse
1. Pulte Oakleigh. 5044 COOL FOUNTAIN LN. $318,900 (foreclosure) (also in last week's count)
2. Winchester Homes Freedom. 13527 LAVENDER MIST LN. $374,990

Single Family
1. Winchester Homes Vincent. 13571 DIANTHUS CT. $739,000 (short sale)

UNDER CONTRACT
According to MLS, there are 2 homes (short sales) under contract during this period of 1/13/09 - 1/20/09.

Townhouse
1. Winchester Homes Freedom. 13509 PRAIRIE MALLOW LN. $314,900. DOMM/DOMP 41/41
2. Pulte Westley. 5245 JULE STAR DR. $410,000. DOMM/DOMP 28/28

SOLD
According to MLS, there were no homes sold during this period of 1/13/09 - 1/20/09.

Model, Address, Sales Price - Subsidy = Net Price, DOMM/DOMM

OBSERVATIONS
No new trend to report...

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.

Faircrest Weekly Update for 1/06/09 to 1/13/09

2009-01-13T20:05:00.001-08:00

INTRODUCTION

As of today (January 13th, 2009 2PM), there are 20 active listings (-1) in MLS and 8 homes (+1) that went under contract within last 30 days. This gives us the absorption rate of 2.5 from last week of 3.0

Here’s the breakdown of all active listings in MLS: 8 regular resales (0) , 3 foreclosure (0) and 9 short sales (-1).

NEW LISTING
According to MLS, there are 3 new listings during this period of 1/06/09 - 1/13/09.

Condo
1. Stonegate Ashton. 5121 TRAVIS EDWARD WAY #F. $169,900 (short sale)

Townhouse
1. Pulte Oakleigh. 5044 COOL FOUNTAIN LN. $318,900 (foreclosure)

Single Family
1. Winchester Homes Abbey. 13686 SWEET WOODRUFF LN. $655,000 (short sale and under contract)

UNDER CONTRACT
According to MLS, there is 1 home under contract during this period of 1/06/09 - 1/13/09.

Condo
1. Stonegate Ashton. 5111 TRAVIS EDWARD WAY #C. $175,000. DOMM/DOMP 119/119 (short sale)

SOLD
According to MLS, there is 1 home sold during this period of 1/06/09 - 1/13/09.

Model, Address, Sales Price - Subsidy = Net Price, DOMM/DOMM

Townhouse
1. Pulte Oakleigh. 4984 CENTREVILLE FARMS RD. $308,000 - $9,000= $299,000.
DOMM/DOMP 135/135 (Foreclosure)

OBSERVATIONS
No new trend to report...

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.

Faircrest Weekly Update for 12/30/08 to 1/06/09

2009-01-06T19:13:00.001-08:00

HAPPY NEW YEAR 2009!

INTRODUCTION

As of today (January 6th, 2009 2PM), there are 21 active listings (-1) in MLS and 7 homes (-9) that went under contract within last 30 days. This gives us the same absorption rate of 3.0 from last week of 1.37

Here’s the breakdown of all active listings in MLS: 8 regular resales (+1) , 3 foreclosure (0) and 10 short sales (-2).

NEW LISTING
According to MLS, there are 2 new listings during this period of 12/30/08 - 1/06/09.

Condo
1. Stonegate Avonleigh Loft. 13386 CONNOR DR #K. $200,000 (no mention if it's a short-sale)

Townhouse
1. Pulte Silverbrook. 5367 CRIMSON SKY CT. $461,000 (no mention if it's a short-sale)

UNDER CONTRACT
According to MLS, there is 1 home under contract during this period of 12/30/08 - 1/06/09.

Townhouse
1. Winchester Homes Freedom. 5343 ROSEMALLOW CIR $339,000. DOMM/DOMP 56/56 (short sale)

SOLD
According to MLS, there were 3 homes sold during this period of 12/30/08 - 1/06/09.

Model, Address, Sales Price - Subsidy = Net Price, DOMM/DOMM

Condo
1. Stonegate Ashton. 5134 BRITTNEY ELYSE CIR #E. $145,500 - $3,900= $141,600. DOMM/DOMP 14/14 (Foreclosure)

Townhouse
1. Pulte Silverbrook. 5182 FIERY DAWN CT. $364,000 - $0= $364,000.
DOMM/DOMP 14/14 (Short Sale)

Single Family
1. Winchester Homes Browning. 5531 AJUGA CT. $650,000- $0= $650,000. (sold over list price of $549,900) DOMM/DOMP 5/5 (Foreclosure)

OBSERVATIONS
No new trend to report...

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.

Faircrest Weekly Update for 12/23/08 to 12/30/08

2008-12-30T22:00:00.000-08:00

The Hahn Group-Keller Williams Realty would like to wish everyone a safe and Happy New Year! Cheers to 2009!!

INTRODUCTION

As of today (December 30th, 2008 2PM), there are 22 active listings (0) in MLS and 16 homes (0) that went under contract within last 30 days. This gives us the same absorption rate of 1.37 from last week.

Here’s the breakdown of all active listings in MLS: 7 regular resales (-1) , 3 foreclosure (+1) and 12 short sales (0).

NEW LISTING
According to MLS, there is 1 new listing- foreclosure during this period.

Condo
Stonegate Theodore. 13399 CONNOR DR #T. $257,900

UNDER CONTRACT
According to MLS, no properties went under contract during this period.

SOLD
According to MLS, there were 4 homes sold during this period.

Model, Address, Sales Price - Subsidy = Net Price, DOMM/DOMM

Townhouse
1. Pulte Oakleigh. 5108 VILLAGE FOUNTAIN PL. $343,500 - $8,500= $335,000. DOMM/DOMP 8/8 (Settled 12/22/08 not updated until 12/26/08) Foreclosure
2. Pulte Parker. 5032 COOL FOUNTAIN LN. $375,000 - $0= $375,000.
DOMM/DOMP 7/7 Foreclosure
3. Winchester Homes Freedom. 5265 PRAIRIE WILLOW WAY. $345,000- $0= $345,000.
DOMM/DOMP 43/43 (Settled 12/22/08 not updated until 12/29/08) Foreclosure
4. Pulte Silverbrook. 5280 JULE STAR DR. $355,000 - $0= $355,000.
DOMM/DOMP 12/12 (Settled 12/8/08 not updated until 12/24/08) Foreclosure

OBSERVATIONS
Busy week for bank-owned (foreclosures) properties in the closing department.

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.

Faircrest Weekly Update for 12/9/08 to 12/16/08

2008-12-23T18:59:00.000-08:00

INTRODUCTION
As of today (December 9nd, 2008 2 PM), there are 22 active listings (-6) in MLS and 16 homes (+6) that went under contract within last 30 days. This gives us an absorption rate of 1.3 from last week's rate of 2.8.
Here’s the breakdown of all active listings in MLS: 8 regular resales (-3) , 1 foreclosure (-2) and 13 short sales (-1).

NEW LISTINGS
According to MLS, there were 2 new listings during the period of 12/3/08 to 12/9/08. Here's the breakdown: 2 short sales

Condo
1. Stonegate Thorton. 5107 TRAVIS EDWARD WAY #G. $275,000.

Townhouse
1. Winchester Homes Freedom. 13509 PRAIRIE MALLOW LN. $314,900.

UNDER CONTRACT
According to MLS, there was 1 short sale home that went under contract during this period.

Condo
1. Stonegate Ashton. 5111 TRAVIS EDWARD WAY #C. $175,000. DOMM/DOMP: 119/119

SOLD
According to MLS, only 2 homes (0) (2 foreclosures) that were scheduled to settle during Thanksgiving period finally settled. No other closings record for this period.

Model, Address, Sales Price - Subsidy = Net Price, DOMM/DOMM.

Townhouse
1. Winchester Homes Freedom. 5329 ROSEMALLOW CIR. $378,000 - $10,000= $368,000. DOMM/DOMP: 31/31.
2. Winchester Homes Liberty. 5476 SERVICEBERRY ST. $430,000 - $0= $430,000. DOMM/DOMP: 7/7.

OBSERVATIONS
No new trend to report.

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.

Faircrest Weekly Update for 12/16/08 to 12/23/08

2008-12-16T17:08:00.001-08:00

INTRODUCTION

As of today (December 23rd, 2008 2PM), there are 22 active listings (-1) in MLS and 16 homes (-2) that went under contract within last 30 days. This gives us an absorption rate of 1.37 from last week's rate of 1.27.

Here’s the breakdown of all active listings in MLS: 8 regular resales (0) , 2 foreclosure (0) and 12 short sales (-1).

NEW LISTINGS
According to MLS, there are no new listings during this period.

UNDER CONTRACT
According to MLS, there were 2 short sale homes that went under contract during this period.

Condo
1. Stonegate Theodore. 13341 CONNOR DR #T $229,000. DOMM/DOMP: 125/125(short sale)

Townhouse
1. Pulte Silverbrook. 13464 TWILIGHT GLOW DR $305,000. DOMM/DOMP 5/389 (short sale)

SOLD
According to MLS, there was 1 home sold in the prior weeks but not record until during this period

Model, Address, Sales Price - Subsidy = Net Price, DOMM/DOMM

Townhouse
1. Winchester Homes Liberty. 5411 PACHYSANDRA LN $457,500 - $10,000= $447,500. DOMM/DOMP 7/7 (Settled 12/12/08 not updated until 12/19/08)

OBSERVATIONS

No new trend for this week..... Wishing you all a Merry Christmas!!

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.

Faircrest Weekly Update for 12/3/08 to 12/9/08

2008-12-09T10:33:00.001-08:00

INTRODUCTION

As of today (December 9nd, 2008 2 PM), there are 22 active listings (-6) in MLS and 16 homes (+6) that went under contract within last 30 days. This gives us an absorption rate of 1.3 from last week's rate of 2.8.

Here’s the breakdown of all active listings in MLS: 8 regular resales (-3) , 1 foreclosure (-2) and 13 short sales (-1).

NEW LISTINGS

According to MLS, there were 2 new listings during the period of 12/3/08 to 12/9/08. Here's the breakdown: 2 short sales

Condo
1. Stonegate Thorton. 5107 TRAVIS EDWARD WAY #G. $275,000.

Townhouse
1. Winchester Homes Freedom. 13509 PRAIRIE MALLOW LN. $314,900.

UNDER CONTRACT

According to MLS, there was 1 short sale home that went under contract during this period.

Condo
1. Stonegate Ashton. 5111 TRAVIS EDWARD WAY #C. $175,000. DOMM/DOMP: 119/119

SOLD

According to MLS, only 2 homes (0) (2 foreclosures) that were scheduled to settle during Thanksgiving period finally settled. No other closings record for this period.

Model, Address, Sales Price - Subsidy = Net Price, DOMM/DOMM.

Townhouse
1. Winchester Homes Freedom. 5329 ROSEMALLOW CIR. $378,000 - $10,000= $368,000. DOMM/DOMP: 31/31.
2. Winchester Homes Liberty. 5476 SERVICEBERRY ST. $430,000 - $0= $430,000. DOMM/DOMP: 7/7.

OBSERVATIONS
No new trend to report.

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.

Faircrest Weekly Update for 11/25/08 to 12/2/08

2008-12-02T04:43:00.001-08:00

Well I hope everyone had a wonderful, safe Thanksgiving. I can not believe that we are into December and the year is almost over. Now back to real estate business...

INTRODUCTION

As of today (December 2nd, 2008 2 PM), there are 28 active listings (-4) in MLS and 10 homes (+3) that went under contract within last 30 days. This gives us an absorption rate of 2.8 which is a big decrease from last week's rate of 4.6.

Here’s the breakdown of all active listings in MLS: 11 regular resales (-4) , 3 foreclosures (1) and 14 short sales (+1).

NEW LISTINGS

According to MLS, there were 1 new listing during the period of 11/25/08 to 12/2/08. Here's the breakdown: 1 regular resale

Townhouse
1. Pulte Parker. 13298 SUMMER GARDEN WALK. $420,000.

UNDER CONTRACT

According to MLS, there was 1 short sale, 1 foreclosure and 1 normal resale homes that went under contract during this period.

Townhouse
1. Pulte Oakleigh. 5108 VILLAGE FOUNTAIN PL. $343,500. DOMM/DOMP: 8/8.(Foreclosure)
2. Winchester Homes Freedom. 13544 PRAIRIE MALLOW LN. $329,000. DOMM/DOMP: 4/4. (Short Sale)

Single Family
3. Winchester Homes Chelsea. 13580 PLUMBAGO DR. $600,000. DOMM/DOMP: 159/159.

SOLD

According to MLS, only 2 homes (0) (2 foreclosures) scheduled settle during this period but yet have to occur or information not updated in the multiple listing

Townhouse
1. Winchester Homes Freedom. 5329 ROSEMALLOW CIR. $379,900. DOMM/DOMP: 31/31.
2. Winchester Homes Liberty. 5476 SERVICEBERRY ST. $435,900. DOMM/DOMP: 7/7.

OBSERVATIONS

Last week was a slow week being Thanksgiving holiday and all. Any closings that were to occur needed to settle by Wednesday afternoon with courthouses closing early and closed on Friday. Hopefully this week will be a busy 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 me.

Faircrest Weekly Update for 11/18/08 to 11/25/08

2008-11-25T08:27:00.001-08:00

HAVE A HAPPY & SAFE THANKSGIVING!!!

From The Hahn Group- Keller Williams Realty

INTRODUCTION

As of today (November 25, 2008 2 PM), there are 32 active listings (+1) in MLS and 7 homes (-2) that went under contract within last 30 days. This gives us an absorption rate of 4.6 which is a big increase from last week's rate of 3.4.

Here’s the breakdown of all active listings in MLS: 15 regular resales (0) , 4 foreclosures (+1) and 13 short sales (0).

NEW LISTINGS

According to MLS, there were 4 new listings during the period of 11/18/08 to 11/25/08. Here's the breakdown: 1 regular resale, 1 short sale and 2 foreclosures.

Condo
1. Stonegate Ashton. 5134 BRITTNEY ELYSE CIR #E. $149,900 (Foreclosure)

Townhouse
1. Winchester Freedom. 13639 LAVENDER MIST LN. $340,000. (Short Sale)
2. Pulte Oakleigh. 5108 VILLAGE FOUNTAIN PL. $343,500. (Foreclosure)
3. Pulte Silverbrook. 5182 FIERY DAWN CT. $364,000.

UNDER CONTRACT

According to MLS, there was 1 short sale home that went under contract during this period.

Townhouse
1. Winchester Freedom. 5343 ROSEMALLOW CIR. $339,000. DOMM/DOMP: 40/40. (Short Sale)

SOLD
According to MLS, only 2 homes (0) (2 short sales) settled during this period.

Model, Address, Sales Price - Subsidy = Net Price, DOMM/DOMM.

Townhouse
1. Winchester Homes Chandler. 13469 WOOD LILLY LN. $465,000 - $5,000 = $460,000. DOMM/DOMP: 28/28. (Short Sale)
2. Pulte Stratford. 5111 SAPPHIRE SKY LN. $465,000 - $6,000 = $459,000. DOMM/DOMP: 5/93. (Short Sale)

OBSERVATIONS
No new trends to report.

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.

Faircrest Weekly Update for 11/11/08 to 11/18/08

2008-11-20T19:10:00.001-08:00

INTRODUCTION

As of today (November 12, 2008 2 PM), there are 31 active listings (0) in MLS and 9 homes (+1) that went under contract within last 30 days. This gives us an absorption rate of 3.4 which is better than last week's rate of 3.8

Here’s the breakdown of all active listings in MLS:
15 regular resales (+1) , 3 foreclosures (0) and 13 short sales (-1).

NEW LISTINGS

According to MLS, there were 2 new listings during the period of 11/11/08 to 11/18/08.

Here's the breakdown: 1 short sale and 1 foreclosure.

Townhouse
1. Pulte Parker. 5032 COOL FOUNTAIN LN. $344,900. (Foreclosure)
2. Pulte Silverbrook. 5182 FIERY DAWN CT. $364,000. (Short Sale)

UNDER CONTRACT

According to MLS, there was 1 short sale home and 1 foreclosure sale that went under contract during this period.

Townhouse
1. Winchester Freedom. 13631 LAVENDER MIST LN. $329,000. DOMM/DOMP: 45/45. (Short Sale)
2. Winchester Freedom. 5265 PRAIRIE WILLOW WAY. $360,000. DOMM/DOMP: 63/63. (Foreclosure)

SOLD

According to MLS, only 2 homes (0) (1 short sale, 1 normal sale) settled during this period.
Model, Address, Sales Price - Subsidy = Net Price, DOMM/DOMM.

Townhouse
1. Winchester Homes Liberty. 5386 LAVENDER MIST CT. $410,000 - $0 = $410,000. DOMM/DOMP: 72/72. (Short Sale)
2. Pulte Parker. 5002 COOL FOUNTAIN LN. $415,000 - $0 = $415,000. DOMM/DOMP: 85/85

OBSERVATIONS

No new trends to report.

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.

Reston Condo Short Sale

2008-11-14T13:48:00.000-08:00

NTRODUCTION

We will be providing updates on the status of the short sale of 11800 SUNSET HILLS RD #503, Reston, VA 20190 on this page. Check this page weekly since we will be updating this page regularly.

ABOUT THE HAHN GROUP OF KELLER WILLIAMS REALTY

We are experienced short sale realtors. Our system is set up to ensure high success and clear communication. Home are sold "as-is" and the commission is split 50/50 with the buyer's agent and listing agent. The Hahn Group has yet to give the buyer's agent less than 3% except when the buyer is also the agent. We will honor the hard work of the buyer's agent.

HELPFUL INFORMATION FOR THIS HOME

This short sale is being professionally negotiated by an attorney who specializes in short sales.

I'm going to follow the advice of Frank Llosa of Frankly Realty on questions to ask listing agents before showing short sale listings.

1. Have you closed a Short Sale before?

Yes, we have closed multiple short sales including 2 with Countrywide. We even got a referral from Oregon after the agent heard that we're experience in short sales.

2. Have you requested and received the short sale package from the bank, including the hardship letter?

Yes.

3. Have you sent the package AND have you confirmed receipt?

Not yet. Countrywide require a contract for the short sale package.

4. What communications, if any, have you had with the bank?

Countrywide is full aware of the situation.

5. Has the bank approved the list price?

No. Based on comps and the market trends, it shouldn't be a problem.

6. Have you received any other offers that you are waiting to hear back from the bank on?

No.

7. Does the loan have PMI on it? (Private mortgage insurance)

8. Is there one or two trusts? Any other liens?

2 trusts with Countrywide. No other known liens.

9. What are the names of the banks? Are these FHA or VA loans?

Both are Countrywide.

10. How long do you estimate that the lender will take to provide an answer to an offer?

6 weeks.

Fax contract to 1-866-348-5461 or email the contract.

Faircrest Weekly Update for 11/3/08 to 11/12/08

2008-11-11T19:13:00.000-08:00

INTRODUCTION

As of today (November 12, 2008 2 PM), there are 31 active listings (0) in MLS and 8 homes (-2) that went under contract within last 30 days. This gives us an absorption rate of 3.8 which is worst than last week's rate of 3.1

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

14 regular resales (+3) , 3 foreclosures (0) and 14 short sales (-3).

NEW LISTINGS

According to MLS, there were 4 new listings during the period of 11/3/08 to 11/12/08. Here's the breakdown: 2 short sales, 1 normal resale, and 1 foreclosure.

Townhouse
1. Pulte Silverbrook. 5270 JULE STAR DR $355,000. (Short Sale)
2. Winchster Homes Liberty. 13443 WOOD LILLY LN. $420,000. (Short Sale)
3. Pulte Parker. 5019 GREENHOUSE TER. $420,000.

Single Family
1. Winchster Homes Browning. 5531 AJUGA CT. $549,900. (Foreclosure)

UNDER CONTRACT

According to MLS, there was 1 short sale home and 1 normal sale that went under contract during this period.

Townhouse
1. Winchester Homes Liberty. 13437 WOOD LILLY LN. $449,900. DOMM/DOMP: 8/8.
2. Winchester Homes Metropolitan. 13608 LAVENDER MIST LN. $339,500. DOMM/DOMP: 84/84. (Short Sale)

SOLD

According to MLS, only 2 homes (-1) (1 short sale, 1 normal sale) settled during this period.

Model, Address, Sales Price - Subsidy = Net Price, DOMM/DOMM.

Townhouse
1. Winchester Homes Freedom. 13524 PRAIRIE MALLOW LN. $342,000 - $8,500 = $335,500. DOMM/DOMP: 4/4.
2. Pulte Parker. 5066 VILLAGE FOUNTAIN PL. $390,000 - $3,500 = $386,500. DOMM/DOMP: 49/49.

OBSERVATIONS
No new trends to report.

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.

Haymarket Short Sale - 5751 AMELIA SPRINGS CIR

2008-11-07T12:37:00.000-08:00

INTRODUCTION

We will be providing updates on the status of the short sale of 5751 AMELIA SPRINGS CIR, HAYMARKET, VA on this page. Check this page weekly since we will be updating this page regularly.

ABOUT THE HAHN GROUP OF KELLER WILLIAMS REALTY

HELPFUL INFORMATION FOR THIS HOME

I'm going to follow the advice of Frank Llosa of Frankly Realty on questions to ask listing agents before showing short sale listings.

1. Have you closed a Short Sale before?

Yes! We even got a referral from Oregon after the agent heard that we're experience in short sales.

2. Have you requested and received the short sale package from the bank, including the hardship letter?

Working on it right now. We should have everything by Friday 11/14.

3. Have you sent the package AND have you confirmed receipt?

Not yet. Countrywide require a contract for the short sale package.

4. What communications, if any, have you had with the bank?

Countrywide is full aware of the situation. Countrywide has hinted they want to make this work. We just need a contract.

5. Has the bank approved the list price?

No. Based on comps and the market trends, it shouldn't be a problem.

6. Have you received any other offers that you are waiting to hear back from the bank on?

No.

7. Does the loan have PMI on it? (Private mortgage insurance)

8. Is there one or two trusts? Any other liens?

2 trusts with Countrywide. No other known liens.

9. What are the names of the banks? Are these FHA or VA loans?

Both are Countrywide.

10. How long do you estimate that the lender will take to provide an answer to an offer?

6 weeks.

Fax contract to 1-866-348-5461 or email the contract.

11/17 Update

Offer received. Waiting for HUD1 statement before we send the entire package to the lender.

Faircrest Weekly Update for 10/27/08 to 11/2/08

2008-11-07T11:40:00.000-08:00

INTRODUCTION

As of today (November 4, 2008 2 PM), there are 31 active listings (-2) in MLS and 10 homes (+2) that went under contract within last 30 days. This gives us an absorption rate of 3.1 which is better than last week's rate of 4.1

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

11 regular resales (-3) , 3 foreclosures (+1) and 17 short sales (0).

NEW LISTINGS

According to MLS, there were 5 new listings during the period of 10/27/08 to 11/2/08. Here's the breakdown: 3 short sales and 2 normal resales.

Condo
1. Stonegate Baldwin. 13377E CONNOR DR. $232,000. (Short Sale)

Townhouse
1. Winchester Homes Freedom. 13544 PRAIRIE MALLOW LN. $329,000. (Short Sale)
2. Pulte Silverbrook. 5270 JULE STAR DR. $355,000. (Short Sale)
3. Pulte Oakleigh. 13502 STAR GAZER TER. $390,000.
4. Winchster Homes Liberty. 13437 WOOD LILLY LN. $449,900. (Under Contract)

UNDER CONTRACT

According to MLS, there was 1 short sale home and 1 normal sale that went under contract during this period.

Townhouse
1. Pulte Parker. 5002 COOL FOUNTAIN LN. $415,000. DOMM/DOMP: 85/85.

Single Family
1. Winchester Homes Chelsea. 13580 PLUMBAGO DR. $700,000. DOMM/DOMP: 152/152. (Short Sale)

SOLD

According to MLS, only 3 homes (+1) (1 short sale, 1 normal sale, and 1 foreclosure) settled during this period.

Model, Address, Sales Price - Subsidy = Net Price, DOMM/DOMM.

Townhouse
1. Pulte OakLeigh. 5303 GRANITE STEP TRAIL. $361,000 - $10,830 = $350,170. DOMM/DOMP: 105/105. (Short Sale)
2. Pulte OakLeigh. 5087 VILLAGE FOUNTAIN PL. $396,000 - $11,880 = $384,120. DOMM/DOMP: 28/28.

Single Family
1. Pulte Ashford. 5471 JOSEPH JOHNSTON LN. $550,000 - $0 = $550,000. DOMM/DOMP: 11/11. (Foreclosure)

OBSERVATIONS

No new trends to report.

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.

Faircrest Weekly Update for 10/20/08 to 10/26/08

2008-10-31T11:33:00.001-07:00

INTRODUCTION

As of today (October 29, 2008 2 PM), there are 33 active listings in MLS and 8 homes that went under contract within last 30 days. This gives us an absorption rate of 4.1.

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

14 regular resales, 2 foreclosures and 17 short sales.

NEW LISTINGS

According to MLS, there were 2 new listings during the period of 10/20/08 to 10/26/08. Both are short sales.

Townhouse
1. Winchester Homes Victory. 13603 LAVENDER MIST LN. $339,900. (Short Sale)
2. Winchester Homes Liberty. 5465 SERVICEBERRY ST. $499,000. (Short Sale)

UNDER CONTRACT

According to MLS, there was 1 foreclosure home that went under contract during this period.

Townhouse
1. Winchester Homes Freedom. 5265 PRAIRIE WILLOW WAY. $360,000. DOMM/DOMP: 28/28. (Foreclosure)

SOLD

According to MLS, only 1 foreclosure home settled during this period.

Model, Address, Sales Price - Subsidy = Net Price, DOMM/DOMM.

Townhouse
1. Pulte Silverbrook. 13413 MIDNIGHT BLUE PL. $355,000 - $0 = $355,000. . DOMM/DOMP: 18/18. (Foreclosure)

OBSERVATIONS

Faircrest/Stonegate is hitting the bottom. Every home that came on the market, went under contract and sold are either short sales or foreclosure. This is not a suprise. Centreville is one of the hardest hit communities in Fairfax County. There are more closings taking place this week so check back next week for the latest update.

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.

Faircrest Weekly Update for 9/22/08 to 9/28/08

2008-09-29T11:25:00.000-07:00

INTRODUCTION

As of today (September 29, 2008 2 PM), there are 28 active listings in MLS and 14 homes that went under contract within last 30 days. This gives us an absorption rate of 2.0.

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

14 regular resales, 5 foreclosures and 9 short sales.

NEW LISTINGS

According to MLS, there were 7 new listings during the period of 9/22/08 to 9/28/08. Here's the breakdown:

2 normal resale, 2 foreclosure & 3 short sale.

Stonegate Condo
1. Ashton w/Loft. 5117J TRAVIS EDWARD WAY #J. $235,000.
2. Baldwin. 5142B BRITTNEY ELYSE CIR. $299,999. (Short Sale)

Townhouse
1. Winchester Homes Freedom. 5265 PRAIRIE WILLOW WAY. $360,000. (Foreclosure)
2. Pulte Stratford. 5111 SAPPHIRE SKY LN. $460,000. (Short Sale)
3. Winchster Homes Liberty. 5456 SERVICEBERRY ST. $474,900.

Single Family
1. Pulte Ashford. 5471 JOSEPH JOHNSTON LN. $537,500. (Foreclosure)
2. Winchester Homes Abbey. 13701 ASTILBE CT. (Short Sale)

UNDER CONTRACT

According to MLS, there were 3 homes that went under contract during this period. Here's the breakdown:

1 foreclosure & 2 short sale.

Townhouse
1. Winchester Homes Freedom. 5329 ROSEMALLOW CIR. $379,900. DOMM/DOMP: 31/31. (Foreclosure)
2. Winchester Homes Chandler. 5340 BLUE ASTER CIR. $435,000. DOMM/DOMP: 16/16. (Short Sale)
3. Winchester Homes Chandler. 13469 WOOD LILLY LN. $449,900. DOMM/DOMP: 28/28. (Short Sale)

SOLD

According to MLS, no home settled this past week.

OBSERVATIONS

It was a rather busy week given the total active listings of 28 homes. I'll do my quarterly review so check back in about a 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 me.

Centreville Short Sale - 6810 FARRAHS CAVALRY RD

2008-09-15T09:46:00.000-07:00

INTRODUCTION

We will be providing updates on the status of the short sale of 6810 FARRAHS CAVALRY RD, CENTREVILLE, VA on this page. Check this page weekly since we will be updating this page regularly.

ABOUT THE HAHN GROUP OF KELLER WILLIAMS REALTY

We are experienced short sale realtors. Our system is set up to ensure high success and clear communication. We are enlisting the service of ShortSaleCorp.com to do the negotiation on the seller's behalf. ShortSaleCorp.com has a high success rate so the all parties involved can relax. We are required by ShortSaleCorp.com to list this home "as-is" and split the commission 50/50. The Hahn Group has yet to give the buyer's agent less than 3% except when the buyer is also the agent. We will honor the hardwork of the buyer's agent.

HELPFUL INFORMATION FOR THIS HOME

I'm going to follow the advice of Frank Llosa of Frankly Realty on questions to ask listing agents before showing short sale listings.

1. Have you closed a Short Sale before?
Yes! We even got a referral from Oregon after the agent heard that we're experience in short sales.

2. Have you requested and received the short sale package from the bank, including the hardship letter?
Working on it right now.

3. Have you sent the package AND have you confirmed receipt?
No.

4. What communications, if any, have you had with the bank?
We are using ShortSaleCorp.com to negotiate on behalf of the seller.

5. Has the bank approved the list price?
No. Based on comps, it shouldn't be a problem.

6. Have you received any other offers that you are waiting to hear back from the bank on?
No.

7. Does the loan have PMI on it? (Private mortgage insurance)
No

8. Is there one or two trusts? Any other liens?
2 trusts. No other known liens.

9. What are the names of the banks? Are these FHA or VA loans?
1st trust - WaMu (conventional loan)
2nd trust - Bank of America

10. How long do you estimate that the lender will take to provide an answer to an offer?
Up to 2 months.

REALTOR RESOURCE

1. Property Disclosure will be provided shortly..
2. This is a short sale so please use Short Sale Addendum.
3. This is "as-is" sale. Please use NVAR Contingencies/Clauses Addendum and fill our paragraph 2B. House is in good condition. The buyer is welcome to conduct home inspection but for informational purposes only.
4. Please do not submit an offer if the buyer cannot wait up to 2 months for bank's approval. It will be worth the wait for your buyer.
5. Seller would prefer to use Title Alliance of Chantilly, 703-.
6. Fax contract to 1-866-348-5461 or email the contract.

What is Absorption rate?

2008-09-10T13:30:00.000-07:00

Absorption rate is a simple index to help gauge real estate activity in a given market. There are several approaches to determine this number. The one that I use is derived by taking the total number of homes in the market at a given time and dividing it by the number of homes that went under contract in the past month. For example, if there are 100 homes on the market and 25 homes went under contract in the past month then the absorption rate will be 4 or 4 months. Theoretically, it'll take 4 months to sell all existing homes if no new inventory would come on the market. I know this is not realistic but it's a simple tool to help people understand the relative health of a given market. Absorption rate will be lower in a seller's market compared to a buyer's market. Although there are varying opinions, it's considered a buyer's market if there is at least 5 to 6 month supply of inventory. It doesn't mean it's a seller's market. Remember, I get this number by looking up information in MLS. Some homes are not listed in MLS including some of the builder's inventory. I'll be using absorption rates on my weekly blogs so get used to this term.

Weekly Update: 4/11/08-4/18/08

2008-04-18T13:46:00.000-07:00

According to MLS, there are currently 22 active homes for sale in Faircrest. There was one new listing this week. One home went under contract this week.

The new lising this week:
13700 ASTILBE CT - $749,000

The home that went under contract:
13527 Star Gazer Ter - $389,900

As for condos in Stonegate, there are currently 8 active listings. There were no new listings this week.

Weekly Update: 4/4/08-4/11/08

2008-04-11T14:02:00.000-07:00

According to MLS, there are currently 23 Homes for sale in Faircrest. There were 2 new listings this week. There were no homes that went under contract this week. Here are the two new listings and their prices:

13505 Stargazer Ter - $430,000
13706 Astilbe Ct - $750,000

Currently, there are 10 condos listed in the Stonegate Subdivision. There was one new condo listing this week.

Weekly Update for 3/28/08-4/04/08

2008-04-04T13:59:00.000-07:00

This was a busy week for new listings but nothing new went under contract.

According to MLS, there are currently 23Homes for sale in Faircrest. There were 5 New listings this week.

Here are the five new listings and their prices:

5531 Ajuga Ct

$750,000

13527 Star Gazer Ter

$389,900

4984 Centreville Farms Ro... $380,000

5327 Crimson Sky Ct

$439,900

13567 Lavender Mist Ln

$424,900

One house sold this week: 5127 SAPPHIRE SKY LN for $482,000 with no seller subsidy.

Weekly Update for 3/21/08-3/28/08

2008-03-28T12:03:00.000-07:00

According to MLS, there are currently 19 homes for sale in Faircrest. There were 3 new listings this week. And one home went under contract this week.

Here are the three new listings and their prices:

13553 Plumbago Dr

$780,000

5308 Granite Step Trl

$494,900

5053 Village Fountain Pl

$435,989

Here is the home that went under contract:
13530 Lavender Mist Lane - $424,900

Weekly Update for 3/16/08-3/22/08

2008-03-24T19:25:00.000-07:00

According to MLS, there are currently 11 homes under contract. Of the 11, 4 went under contract this week.

Here are the four and their list prices:
5127 Sapphire Sky Lane - $529,900
13503 Prairie Mallow Ln - $404,900
5057 Village Fountain Pl - $419,900
5051 Village Fountain Pl - $399,785

There was one new listing this week:
13428 Matthews Vista - $415,000

Typically, April, May and June are the busiest months. We can certainly expect more homes going under contract but expect more inventory as well.

Market Review for SFH's in Faircrest

2007-08-01T21:15:00.000-07:00

Thinking about putting your house on the market? Concerned about the competition? When you look down your block, is there a myriad of FOR SALE signs clouding your view? Well here is what is new in Faircrest.

Between March 07-July 07, there were 7 SFH's sold. The lowest closing price being $620,000 and the high being $876,000. The average close price was $782,000. Days on the market ranged anywhere from 0 to 313, the average coming in at 118. So, with those of you with FOR SALE signs currently on your front yard, make sure your agent is doing their homework. Ask to see the listing, the way it appears to all the agents. Make sure they are posting at least 12, if not the max of 20 photos of your home. People want a good idea of what your home likes before they even get there. With the amount of inventory that is currently on the market, some people won't even come by your home unless they like what they see in the photos. And lastly, take a look at that bottom number that tells you the amount of commission your agent is giving to the buyers agent. Make sure they don't short change the buyers agent. Industry standard is 3%. Many have dropped it to 2.5% because of market conditions. But those that are offering less than the standard 3% are inevitably going to get less traffic through their home. Although they shouldn't, buyer's agents will steer away from a listing that offers less than 3%.

Currently, there are 7 SFH's on the market, priced between $679,000 and $874,500. The average list price coming in at around $750,000. So does this mean the tide is turning? No one really knows. But, with the summer coming to a close, the rental market should be slowing as well. Currently, there is only one SFH for rent in the Faircrest subdivision. There were 4 rented between April 07-June 07. So to those 7 who are hoping for the market to pick back up in the fall, best of luck to you.

Rental Market in Faircrest

2007-06-11T18:43:00.000-07:00

The housing market is definitely not as stagnant as it was last year, but there are those that are still awaiting better days to come. If you are in that camp, renting your home is always an option. And this is a great time to do so. Families often wait till the summer so they do not have to uproot their children out of a school district and into another. And this is also the time that parents want to settle into a new school district before fall comes.

Of course, there is a lot of competition in Centreville. Many that have seen their homes sit on the market too long, give up and turn it into a rental property. But Faircrest homes have the advantage of being one of the newer developments in the area. And who doesn't love new? Looking at recent rental activity, most people, if priced right, get the asking price. There were some properties that sat on the market, but the general trend in May for single family and townhouses were that the rental did not last longer than a week or two. And if advertised well, you can get multiple applicants so you do not have to take the tenant with the 450 credit score, or the four male college students with no employment history.

Never Hurts to Ask....

2007-04-24T13:40:00.000-07:00

So it's a buyer's market. Sellers have waited for the warmth of the spring, hoping that the good weather will bring out more buyers. Inventory is high, therefore so is room for negotiation. When an offer comes in, there is always "wiggle room". Sure you can offer below the listing price, but why stop there? You can also ask for money towards the closing. Another given, ask the seller to pay for the home inspection as well as the appraisal, just to be assured you are making a wise investment. While you're at it, have them throw in a home warranty. This may only cost the seller a few hundred dollars but it can save you a LOT more in the long run. First year in your new house, never know what to expect. A home warranty might be your protection against spending thousands on appliances that suddenly start acting up after you move in.

Me, I'm all about freebies. And its not like the seller will be handing out coupons. So, get what you can out of them. After all, never hurts to ask.