Friday, April 20, 2018

Weekly Update Update 4/14/2018 - 4/20/2018

INTRODUCTION





As of today, there are 11 active listings in MLS, 1 homes coming soon and 21 homes which went under contract in the past 30 days. This gives us a current absorption rate of .5 lower than last week's .6 The number of distressed sales out of the total actives and the breakdown is as follows:

Disclosed Potential Short Sale Condos:  1
Disclosed Potential Short Sale Town Homes: 0                                                                    
Disclosed Potential Short Sale Detached Homes: 0
Disclosed Potential Short Sales: 1
Percent of Short Sales: 9.1%

Bank Owned Condos: 0
Bank Owned Town Homes: 0
Bank Owned Detached Homes:  1
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%

Percent of Total Distressed Sales: 9.1%





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





NEW LISTINGS



According to MLS there are 4 homes new to mls for the week of 4/14/2018 - 4/20/2018 . The same as  last week.

Condos:



Town Homes:
41853 CINNABAR SQ, LP: $439,900 DOMM/DOMP 1/1

14895 CINNABAR SQ, LP: $445,900 DOMM/DOMP 4/4
24640 NETTLE MILL SQ, LP: $452,900 DOMM/DOMP 1/1
25045 GREEN MOUNTAIN TER, LP: $485,000 DOMM/DOMP 3/3








Detached & Semi Detached Homes:






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







UNDER CONTRACT



According to MLS, there were 4 homes which went under contract during this period.  2 less than the previous week:

Condos:


Town Homes:
24710 CLOCK TOWER SQ, Status: CNTG/NO KO  LP: $415,000 DOMM/DOMP 17/17
25127 CYPRESS MILL TER, Status: CNTG/NO KO  LP: $468,900 DOMM/DOMP 3/3
25119 SWEETSPIRE SQ,, Status: CNTG/NO KO  LP: $499,900 DOMM/DOMP 1/1








Detached & Semi Detached Homes:
24816 HORNFELS CT, Status: CNTG/NO KO  LP: $699,999 DOMM/DOMP 53/53









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 4 homes is 19 days or about .6 months. This is higher than the current absorption rate for Stone Ridge .5 mentioned in the introduction.




SOLD


 According to MLS there were  1 homes  sold and went to record for the week of 4/14/2018 - 4/20/2018 .  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

24711 CAPECASTLE TER, $459,900, $477,750 - $14,550 = $463,200 100.2%, 5/5

Detached & Semi Detached Homes:


Average Net %: 100.2%
Average DOMM / DOMP: 5/5











SUMMARY


The current inventory level for Stone Ridge decreased to 11 active listings. There were 4 new listings, 4 homes receiving contracts and 4 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