Friday, March 24, 2017

Weekly Update Update 3/18/2017 - 3/24/2017

INTRODUCTION




As of today, there are 13
active listings in MLS, 0 homes coming soon and 9 homes which went under contract in the past 30 days. This gives us a current absorption rate of 1.4
higher than last week's 1.1.  The 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: 0
Bank Owned Town Homes: 0
Bank Owned Detached Homes:  0
Total Bank Owned: 0
Percent of Bank Owned: 0%

Foreclosed Condos:  0
Foreclosed Town Homes:  0
Foreclosed Detached Homes: 0
Total Foreclosed: 0
Percent of Foreclosed: 0%

Total Distressed Sales: 0
Percent of Total Distressed Sales: 0%


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








NEW LISTINGS





According to MLS there are  3 homes new to mls for the week of 3/17/2017 - 3/24/2017 1 less than last week:

Condos:



Town Homes:
25147 SWEET MYRTLE SQ, LP: $425,000  DOMM/DOMP 1/1
25121 SWEETSPIRE SQ, LP: $485,000  DOMM/DOMP 1/1


Detached & Semi Detached Homes:
41849 CORDGRASS CIR, LP: $700,000  DOMM/DOMP 1/1








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 more than the previous week:

Condos:


Town Homes:
41884 DIABASE SQ, Status: CNTG/NO KO  LP: $444,900 DOMM/DOMP 7/7
25128 ANDES TER, Status: CNTG/NO KO  LP: $459,990  DOMM/DOMP 7/7
24668 SILTSTONE SQ, Status: CNTG/NO KO  LP: $464,900  DOMM/DOMP 3/3

Detached & Semi 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 6 days or about .2 months. This is lower than the current absorption rate for Stone Ridge 1.4 mentioned in the introduction.








SOLD





 According to MLS there were 3 homes sold and went to record for the week of 3/18/2017 - 3/24/2017.  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/DO
24654 NETTLE MILL SQ, $438,000, $438,000 - $2,000 = $436,00099.5%, 11/11
42029 BUSHCLOVER TER, $465,000, $462,000 - $5,325 = $456,67598.2%, 0/0
41678 WELL STONE TER, $469,900, $466,000 - $5,000 = $460,00097.9%, 5/5

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


Average Net %:  98.3%
Average DOMM / DOMP: 5/5




SUMMARY





The current inventory level for Stone Ridge increased to 13 active listings. There were 3 new listings, 3 homes receiving contracts and 3 homes reported sold last week







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 me