7908 MARTHA WASHINGTON ST [Unfinished]
ALEXANDRIA, VA 22309
List Price: $372,750
Prior Sale: $600,000 02/09/2006
Listing Date: 04/16/07
-37.9%
2307 OLD TRAIL DR
RESTON, VA 20191
List Price: $349,900
Prior Sale: $510,000 11/14/2005
Listing Date: 01/11/07
-31.4%
6028 CHESTNUT HOLLOW CT
CENTREVILLE, VA 20121
List Price: $284,900
Prior Sale: $355,000 08/17/2005
Listing Date: 04/16/07
-19.7%
6909 FARRAGUT AVE
FALLS CHURCH, VA 22042
List Price: $350,000
Prior Sale: $429,000 06/01/2006
List Date: 02/12/2007
-18.4%
3820 LIGHTFOOT STREET #418
CHANTILLY, VA 20151
List Price: $280,000
Prior Sale: $340,250 09/01/2005
Listing Date: 02/07/07
-17.7%
3830 LIGHTFOOT ST #237
CHANTILLY, VA 20151
List Price: $292,900
Prior Sale: $355,240 11/07/2005
Listing Date: 04/13/07
-17.5%
2216 COCQUINA DR
RESTON, VA 20191
List Price: $349,000
Prior Sale: $405,000 04/14/2006
Listing Date: 12/29/06
-13.8%
7316 INZER ST
SPRINGFIELD, VA 22151
List Price: $469,900
Prior Sale: $515,000 08/08/2005
Listing Date: 04/16/07
-8.8%
12618 PINECREST RD
HERNDON, VA 20171
List Price: $435,000
Prior Sale: $475,000 06/30/2005
Listing Date: 04/10/07
-8.4%
3850 LIGHTFOOT ST #156
CHANTILLY, VA 20151
List Price: $274,900
Prior Sale: $295,595 05/02/2006
Listing Date: 03/29/07
-7%
5679 GENERAL JOHNSTON PL
CENTREVILLE, VA 20120
List Price: $689,000
Prior Sale: $739,110 06/02/2005
Listing Date: 03/30/07
-6.8%
12165 SANIBEL CT
RESTON, VA 20191
List Price: $299,900
Prior Sale: $310,000 11/23/2005
Listing Date: 02/23/07
-3.3%
5681 GENERAL JOHNSTON PL
CENTREVILLE, VA 20120
List Price: $650,000
Prior Sale: $656,537 05/05/2005
Listing Date: 03/06/07
-1%
12177 SANIBEL CT
RESTON, VA 20191
List Price: $324,900
Prior Sale: $317,000 05/13/2005
Listing Date: 04/12/07
+2.49%
9937 HILL DR E
LORTON, VA 22079
List Price: $789,900
Prior Sale: $776,450 08/25/2005
Listing Date: 07/26/06
+1.73%
Wednesday, April 18, 2007
Fairfax County Same-House Sales
Posted by Harriet at 10:28 PM
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2 comments:
H-
You mentioned a fact you found "Non-representative price based on comps"... what does that mean? Sorry if it's obvious, im still just months into this whole mess.
Niresyasac,
Usually notes (at the County Government's assessment site) like this appear when a property sells for a price *under* its list price (like a distress or foreclosure sale), but this whole thing about something selling for *more* than comps is a bit surprising. I suspect that in some cases it might happen for an oddball reason that someone wanted to pay you a lot of money to get you to move, because they just had to have your property.
In some of these cases, however, a property is selling for more because everyone's in on it (agent, appraiser, loan officer), and they're lending a buyer far more than the property is worth according to comps, and then the buyer walks away from repayment and keeps the cash. It's kind of obvious in cases where a house languishes on the market with neighboring houses for say 350K, and then suddenly it's purchased for 450K.
A post below this one in this blog has a graph and a link to a Washington Post article about mortgage fraud. I expect more stories will be forthcoming as the housing bubble unravels.
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