2008 4th Quarter Review = Rotonda

In the 4th Quarter of 2008 there were 8 SOLD properties in the Rotonda. The majority of those, 5, were 2 bedroom 2 bathroom models. More data is below.

However as a whole the community averages for the 4th Quarter of 2008 are as follows =

- 94.8% Net Sold to List price ratio

- 132 Average Days on the Market

- $1,812.50 Average Seller Concessions

In the 4th Quarter of 2008 there was slightly more happening in the Rental market in the Rotonda. 9 properties were RENTED in that quarter. Unlike in the sales side, the majority of these, 6, were 1 bedroom 1 bathroom models.

The community averages for the Rotonda Rentals in the 4th Quarter of 2008 are =

- 93.5% Rented to List price ratio

- 51 Average Days on the Market

Something going on in December 2008 - month in review

The Rotonda was significantly more active in terms of Real Estate transactions compared to most of ther other Tysons Corner communities for December 2008. There were 5 SOLD properties, and "x" RENTED properties.

Of the 5 SOLD properties this month, 4 were 2 bedroom 2 bathroom style, the other 1 was a 1 bedroom 1 bathroom. These 2 bedrooms averaged out to sell for $362,225 and in an average of 117 days on the market. The high SOLD price was $385,000, with the low SOLD price being $290,000. There was also an average subsidy, to the buyer, of $2,375.
The 1 bedroom settled at a price of $255,000 and gave $5,000 subsidy to the buyer. It was on the market for 111 days, and originally asked a price of $305,000.

The 0 (zero) properties reported RENTED in the Rotonda community this month are significantly off from the 6 that RENTED in December of 2007. There are also 17 properties available to RENT right now at the Rotonda. Recognizably, it's not the hottest time that people RENT around the changing of the year, but you would think that if priced attractively enough there would be one or two that got a lease signed.

(data from MRIS)