Here's an update on foreclosures/REO and short-sales in Eastern Loudoun County. This table shows the number of foreclosures/REO and short-sales that have sold (gone under contract) so far in December as a percentage of total sales.
Solds-12/1/07 to 12/12/07
REO/Short-Sale
Total
Percentage
Ashburn
5
16
31%
Leesburg
2
14
14%
South Riding
1
4
25%
Sterling
22
38
58%
Hey guys, a great tip from Tracey, a lovely fellow shopaholic - if your cursing that the Valerie Tolosa sale is only on in Sydney, Tracey has let us know the Valerie is doing mail orders for the sale. Just head to the Valerie Tolosa website to contact her with the items you are interested in. Thanks for sharing Tracey!
Here are the latest figures regarding foreclosure/REO and short-sale properties in Loudoun County, particularly Sterling, Ashburn and Leesburg:
Loudoun County
633 total foreclosures/REO and short-sales
this represents 23 percent of total inventory
Sterling
262 total foreclosures/REO and short-sales
this represents 33 percent of total inventory
Ashburn
115 total foreclosures/REO and short-sales
this represents 21 percent of total inventory
Leesburg
154 total foreclosures/REO and short-sales
this represents 21 percent of total inventory
This property sold for $775,000. That is a $175,000 or >20% off the peak price.
The summer solstice is the longest day of the year. According to The American Heritage Dictionary, the solstice is “A highest point or culmination.” Interesting that our housing market peaked in June of 2006 coincidentally with the summer solstice.
Today’s seller purchased a property on Solstice street at the highest point in the market. Now, they are trying to sell before the sun sets on their bank account.
Asking Price: $849,900
Purchase Price: $950,000
Purchase Date: 7/31/2006
Address: 11 Solstice, Irvine, CA 92602
Beds: 3
Baths: 2.5
Sq. Ft.: 2,013
$/Sq. Ft.: $422
Lot Size: 5,800 sq. ft.
Year Built: 2002
Stories: 2
Type: Single Family Residence
View: Trees/Woods
County: Orange
Neighborhood: Northpark
MLS#: S497016
Status: Active
On Redfin: 10 days
From Redfin, “Well located on one of largest lots in tract!!! Culdesac,
Sale Price: $655,000
** SALE UPDATE **
This house sold on 6/1/2007 for $655,000. This was one of our first identified rollbacks, and the sale price proves it. If the seller paid a 6% commission, they lost a total of $59,300.
As I had speculated below, the other property at 3 Del Mar has reduced the asking price significantly. This property likely will become a rollback as well.
.
Asking Price: $690,000
Purchase Price: $675,000
Purchase Date: 9/23/2004
Address: 8 Del Mar #4, Irvine, CA 92602
Beds: 3
Baths: 2.5
Sq. Ft.*: 1,601
Year Built: 2002
Stories: 2
Type: Condominium
Neighborhood: Northpark
$/Sq. Ft.*: $431
MLS: S479457
Status: Active on market
On Redfin: 43 days
2006, gone! 2005, gone! We are looking at a buyer from 2004 who will be selling at a loss in Northpark. If our seller gets their asking price (unlikely) assuming a 6% commission, they will lose $26,400.
From Redfin: “Move right in to this charming 3 bedroom 2 1/2 bath
The Stella McCartney designer fashion sale launched yesterday in Target stores around the country, including Melbourne, Sydney and Perth was a great success and the reaction has been quite incredible but shoppers still have the chance to secure a piece from this limited-edition collection of Stella McCartney designer fashion.
"The reaction has been quite incredible and we’d like to thank
