Five properties were sold in the Rotonda in the month of September. Two of those sold were 3 bedroom 2 bathroom “J” models. The first sold for $410,000 with no subsidy to the buyer, when asking $475,000 at time of contract. That property sold in 303 days. The second “J” model sold in this Tysons Corner community went for $475,000 with $10,000 subsidy to the buyer in 152 days on the market. This property went under contract when it was asking $499,000. It had originally started out on the market at an asking price of $570,000. Also sold in the month of September were two 1132 square foot “F” model 2 bedroom 2 bathroom condos. These Rotonda homes sold for $339,000 with no subsidy to the buyer in 72 days on the market, and $319,900 with $5,000 subsidy to the buyer in 151 days on the market. The last property sold in the Rotonda was a two bedroom one and a half bathroom “E” model with 1208 square feet. This tysons corner condo sold for $315,000 with $2100 in seller subsidy to the buyer in 29 days. Of the 5 properties sold, none are described as distress sales (foreclosure, bank owned or short sale). In September the Rotonda sales averages were 113 days on the market, and an average value of $269 per square foot off of the net sold price.
Compared to same month 2008, this year the Rotonda did five times the sales volume.
There are currently 8 properties under contract at the Rotonda. And there are 10 available for sale. They are a variety of unit styles with one, two, and three bedrooms available. See this Rotonda Active Property Chart =
Rotonda For Sale now (10-10-09)
data from MRIS
