Manchester Lakes Market Report for August 2010 | Condo Inventory Increases

Manchester Lakes condo inventory is on the rise.  Currently, there are 22 active condos for sale.  In the past 30 days, only one condo has gone under contract.  With over 20 homes to choose from, one has to wonder how the sought-after buyer made the winning choice.

In the townhome market of Manchester Lakes, four homes are currently available.  Evenly distributed with two homes in the $200,000′s and two homes in the $300,000.

The spike in condo inventory could be cause for concern.   If these units continue to stay on the market, and eventually go unsold, we could see an increase in the distressed property market.  With current interest rates below 5%, it could be that active buyers are comparing Manchester Lakes to newer communities, or communities closer in.  I’m still biased, though.  As a former Manchester Lakes homeowner, I always brag about the benefits of the community, including the amenities and proximity to shopping and metro.

Selling Your Manchester Lakes Home: Find Out What Your Home Is Worth

Buying In Manchester Lakes: See Manchester Lakes Homes For Sale

Manchester Lakes 2BR 2BA Condo For Sale In Surrey Condos
Short Sale Listed by Manchester Lakes Specialist

6923 Victoria Drive, Unit D

Alexandria VA listing agent and Short Sale Specialist Tamara Inzunza presents another opportunity in Manchester Lakes.  If you’re looking for an affordable 2br/2ba condo in Alexandria VA where you can enjoy beautiful community amenities in a mature setting, then take a look at 6923 Victoria Drive Unit D.  This ground level home features a wood-burning fireplace, hardwood floors, washer and dryer, a master bedroom with a walk-in closet, and full master bath.

Located just off Beulah Road in Alexandria VA in Manchester Lakes, this home is ideal for commuters as it is close to I-495 Beltway, I-95 HOV lanes, and Fairfax County Parkway.  It’s also close to the Franconia-Springfield metro, which is the end of the blue line.

Many Alexandria VA first-time buyers have 2Br/2Ba condos on their wish list, and with a price tag of less than $220,000, this home makes for a unique buying opportunity.  Investors looking for income property in Alexandria VA should consider these condos, as this floor plan, low condo fee, and convenient location can make for a good rental property.

This property is a short sale and requires lender approval.

Subdivision: Manchester Lakes (Alexandria VA 22310)

List Price: $219,900

Bank: Bank of America Short Sale 

Bank: Citi Mortgage Short Sale

Listing Agent: Tamara Inzunza, CDPE, CDRS, SFR (Listing agent specializes in short sales) 

Alexandria VA Short Sale Specialist | 703-623-8759 

See Also: Manchester Lakes Video Tour

See Also: Manchester Lakes Amenities Photo Tour

See Also: Manchester Lakes Real Estate and Market Update for June 2010

If you are currently having difficulty paying your mortgage, you may qualify to sell your home as a short sale.  Even if you are behind on payments or have received a notice of default or notice of trustee’s sale in the mail, we may be able to stop the foreclosure process. We’ve done it before! 

As a Certified Distressed Property Expert and Certified Default Resolution Specialist, I help homeowners who are in distress understand their options.  These options may include loan modification, forebearance, short sale, Homeowner Assistance Program (HAP) for Northen Virginia military families, or other alternatives that may be approved by your lender. Before you max out your credit cards or deplete your savings trying to keep your mortgage current, feel comfortable giving me a call at 703-623-8759. 

Manchester Lakes in Alexandria VA is one of the few communities with affordable prices, convenient location, and enjoyable amenities where you can live well and still be close to metro and Washington DC.

Manchester Lakes In Alexandria VA 22310 Real Estate Update For June 2010
Townhome Sellers Should Enter The Market Now

The condos of Manchester Lakes were holding steady in the month of June.  No more units under $100,000, but clearly, the units in the $200k price range had the greatest amount of volume in terms of active listings last month.  They are being absorbed.  With six units going under contract, there’s still hope for the homeowners in this price range.  However, the lone Manchester Lakes condo unit in the $300,000′s will have to appeal to buyers, who have more affordable units and fee simple townhomes to choose from.

The Manchester Lakes townhome activity was quiet last month.  Now is the perfect time for townhome owners in Manchester Lakes to consider putting their home on the market.  The competition is manageable, and with below 5% interest rates, the right marketing from a great Manchester Lakes listing agent could sway potential condo buyers into a fee simple townhouse.

The Tiers and Tiers II Condos In
Manchester Lakes Alexandria VA 22310

Tiers I Condos at Manchester Lakes

The Tiers and Tiers II condos of Manchester Lakes are perfect for residents who want a unique floor plan along with a loft and garage.  The Tiers condominiums include three different floor plans:

• the main level Solarium model, two bedrooms and one bath, patio
• the mid-level Chalet model, two bedrooms and two full baths, balcony, loft, and 1-car garage
• the top-level Retreat model, two bedrooms, two full baths, balcony, spiral staircase to loft, and 1-car garage

Both Tiers I and Tiers II communities have a pond and residents enjoy all of the Manchester Lakes amenities.  And all home types include a wood-burning fireplace, and washer and dryer (or hookup).

Tiers I is adjacent to the condos of Essex House, and residents have the benefit of Fairfax County Public Schools, including Franconia Elementary, Mark Twain Middle, and Thomas Edison High School.

The Tiers I and Tiers II communities are pedestrian- and pet-friendly, and the courtyard areas also have grills.  Both are also walking distance to the restaurants and shops of Kingstowne.

Tiers II Condos

Other Tours of Manchester Lakes Condos in Alexandria VA

• Essex House Condominiums Tour

Selling in The Tiers at Manchester Lakes: List Your Tiers I or Tiers II Condo

Buying in The Tiers at Manchester Lakes: Tiers Condos For Sale

Manchester Lakes On The Map

Essex House Condos Tour In Manchester Lakes Alexandria VA
Two Bedroom Condos, Upper Floor With Loft

Part of the Manchester Lakes planned community in Alexandria VA (22310), Essex House condominiums offer comfort, convenience, and a walkable community that’s close to shops and restaurants.

Just under 10 minutes from the beltway (I-495), Essex House residents benefit from the Fairfax Connector bus service that goes directly to the Franconia-Springfield metro (end of the blue line) and being just two red lights to the I-95 HOV lanes. 

Highly acclaimed Fairfax County Public Schools nearby include Franconia Elementary, Mark Twain Middle School, and sought-after Thomas Edison High School.

In addition to enjoying the amenities of Manchester Lakes, Essex House residents can take advantage of recreational activities at the nearby Lee District Recreation Center, Greendale Golf Course, Hilltop Golf Club, and the family-friendly Top Golf in Kingstowne.

 The spacious floor plans in Essex House condos offer two model types.  The Coventry and the Gentry models are both two bedrooms and square footage ranges from 981 (without the upper level loft) to 1301 (with the upper level loft).  The lower level units have an enclosed patio, and the upper level units have private balconies.  Upper level units with lofts are highly desired, as the spiral staircase access to the loft is very contemporary, and the added square footage of the loft is perfect for storage, a home office, or recreational den.  All homes have a wood-burning fireplace and washer/dryer (hookup).

More Information on Other Manchester Lakes Condos

 - Tiers of Manchester Lakes

Selling In Essex House: List Your Essex House Condo For Sale

Buying In Essex House: Essex House Condos For Sale

Manchester Lakes Real Estate Sales Update For January 2010

How did the condos and townhomes for sale in Manchester Lakes (Alexandria 22310) compare in January 2010?  Take a look at you’ll notice that the high number that stands out is the current number of active condos for sale. Home sellers in the Tiers, Tiers II, Surrey, Essex House, and Victoria Crossings are likely competing with the neighboring Kingstowne condos for sale (see Kingstowne stats for January 2010).

The community of Manchester Lakes continues to draw first time home buyers with the affordable condos.  The townhomes in Manchester Lakes rarely come on the market, but when they do, they are usually sold pretty quickly.  Last month, one townhome went under contract.  I’ll be keeping a close eye on the Manchester Lakes condo activity over the next couple of weeks.  Condo home sellers should be sure that when they check the competition that their listing agent not only stays on top of the immediate 22310 condo inventory, but also the adjacent 22315 condo inventory. 

See Also: Kingstowne Real Estate Market Update for January 2010

Manchester Lakes Photos and Scenery:
Still Waiting For That 35 Degree High

Well, hell hasn’t frozen over, but some of the ponds at Manchester Lakes have.  Check out the geese walking on the pond.  Do you think they’re ready for a swim or what?  Maybe they’re just hanging around and waiting for Happy Hour …it’s 5 o’clock somewhere right?