Saturday, January 24, 2015

Weekly Update 1/17/2015 - 1/23/2015

INTRODUCTION
 
 

As of today, there are 16 active listings in MLS, no homes coming soon and 8 homes which went under contract in the past 30 days. This gives us a current absorption rate of 2.0 lower than last week's rate 2.3The number of distressed sales out of the total actives and the breakdown is as follows:
 
 
Disclosed Potential Short Sale Condos: 0
Disclosed Potential Short Sale Town Homes:  0
Disclosed Potential Short Sale Detached Homes: 0
Disclosed Potential Short Sales: 0
Percent of Short Sales: 0%
 
Bank Owned Condos: 2
Bank Owned Town Homes: 0
Bank Owned Detached Homes: 0
Percent of Bank Owned: 12.5%
 
Foreclosed Condos:  0
Foreclosed Town Homes:  0
Foreclosed Detached Homes: 0
Total Foreclosed: 0
Percent of Foreclosed: 0%
 
 
Percent of Total Distressed Sales: 12.5%
 
  
 
 
Contact me if you would like additional information on any of these Stone Ridge Homes for Sale
 
 
 
 
 
 
 
NEW LISTINGS
 
 
 
According to MLS there were 2 homes new to mls for the week of 1/17/2015 - 1/23/2015. This is 2 more than the previous week.
 
 
Condos:
 
 
Town Homes:
 
 
Detached Homes:
24958 CALCITE PL, LP:  $575,000 DOMM/DOMP: 6/6
41896 WHITE MOUNTAIN CT, LP:  $687,900 DOMM/DOMP: 2/2
 
 

Contact me if you would like additional information on any of these Stone Ridge Homes for Sale
 

 
 
   

 
 
 
 
 
 
UNDER CONTRACT
 
 
 
According to MLS, there were 3 homes which went under contract during this period 1 less than the previous week.
 
 
Condos:
 
 
Town Homes:
24655 KINGS CANYON SQ, Status: CNTG/NO KO  LP:  $379,900  DOMM/DOMP: 22/22
41692 WELL STONE TER, Status: CONTRACT  LP:  $420,000 DOMM/DOMP: 0/0
41846 DIABASE SQ, Status: CNTG/NO KO  LP:  $435,000  DOMM/DOMP: 71/71
 
 
Detached Homes:

 
 
 
  
This is the same amount of distressed sales going to under contract status this past than in the previous week. The average days on the market for the 3 homes is 31 days or about 1 months lower than the current absorption rate for Stone Ridge of 2.0 mentioned in the introduction.
 
 
 
 
 
 
SOLD
 
 
 
According to MLS there were 1 homes sold and went to record for the week of  1/17/2015 - 1/23/2015. Sometimes closings get delayed or the listing agent forgets to update the status in a timely matter.
 
 
Condos:
Address, List Price, Sold Price - Seller Subsidy = Net Sold Price, % of asking price, DOMM/DOMP
 
 
 
 
 
Town Homes:
Address, List Price, Sold Price - Seller Subsidy = Net Sold Price, % of asking price, DOMM/DOMP
 
 



Detached Homes:
Address, List Price, Sold Price - Seller Subsidy = Net Sold Price, % of asking price, DOMM/DOMP

42099 PEPPERBUSH PL, $560,000  $560,000  - $9,000 = $551,000  98.4%, 166/166 

Average Net %: 98.4%
Average DOMM / DOMP: 166/166
 
    
 

 
SUMMARY

 
The current inventory level for Stone Ridge increased to 16 active listings. There were 2 new listings, 3 homes receiving contracts and 1 homes reported sold last week. For RBI's most current monthly market statistics of entire 20105 zip code CLICK HERE
 
 
   
Disclaimer: Information is deemed reliable but not guaranteed. MLS data was used which means For Sale By Owner information may have not been included. All homes entered as comps (e.g. new construction) were removed as well. MLS data is subject to human errors such as agents entering wrong values. This is not an appraisal but purely for informative purposes only. If you spot an error, please email m