Friday, May 27, 2016

Weekly Update 5/21/2016 - 5/27/2016

INTRODUCTION





As of today, there are 15
active listings in MLS, 0 homes coming soon and 11 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 1.2 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                                                                    
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 South Riding Homes for Sale




NEW LISTINGS



According to MLS there are 1 homes new to mls for the week of 5/20/2016 - 5/27/2016.  The same amount as last week:

Condos:



Town Homes:






Detached & Semi Detached Homes:


25029 OWL CREEK DR, LP: $569,950 DOMM/DOMP 3/3





Contact me if you would like additional information on any of these South Riding Homes for Sale







UNDER CONTRACT





According to MLS, there were 1 homes which went under contract during this period, 3 less than the previous week:

Condos:



Town Homes:


Detached & Semi Detached Homes:
24986 MINERAL SPRINGS CIR, ALDIE,  Status: CNTG/NO KO  LP: $569,900  DOMM/DOMP: 22/22



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 the1 homes is 22 days or about .7 months. This is the lower than the current absorption rate for Stone Ridge 1.4 mentioned in the introduction.



























SOLD



 According to MLS there were 5 homes sold and went to record for the week of 5/21/2016 - 5/27/2016 .  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
25182 QUARTZITE TER, $414,900 , $405,000 - $0 = $405,000 , 97.6%, 4/4
41915 DIAMONDLEAF TER, $435,000 , $435,000- $9,000 = $426,000 , 97.9%, 4/4
41915 DIAMONDLEAF TER, $435,000 , $435,000 - $0 = $435,000, 100%, 1/1


Detached & Semi Detached Homes:
Address, List Price, Sold Price - Seller Subsidy = Net Sold Price, % of asking price, DOMM/DOMP
24811 WIND RIVER DR, $614,900  , $609,000 - $800 = $608,200 , 98.9% 26/26
24768 STONE PILLAR DR, $625,000  , $625,000  - $6,000 = $619,000 , 99.% 54/54



Average Net %:  98.7%
Average DOMM / DOMP: 18/18





SUMMARY




The current inventory level for Stone Ridge remained at 15 active listings. There were 1 new listings, 1 homes receiving contracts and 5 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

Tuesday, May 24, 2016

Mid Week Update 5/21/2016 - 5/24/2016

I wanted to provide a mid week update for Stone Ridge. there are currently 15 homes for sale. 0 homes new to the market. 0 homes received a contract.  0 homes were reported sold.  There are 1 homes coming soon.  I will provide a more details in next week's Weekly Update.  

Friday, May 20, 2016

Weekly Update 5/14/2016 - 5/20/2016

INTRODUCTION





As of today, there are 15
active listings in MLS, 1 homes coming soon and 13 homes which went under contract in the past 30 days. This gives us a current absorption rate of 1.2 lower than last week's 1.3 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                                                                    
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 South Riding Homes for Sale




NEW LISTINGS



According to MLS there are 1 homes new to mls for the week of 5/14/2016 - 5/20/2016.  2 less than last week:

Condos:



Town Homes:






Detached & Semi Detached Homes:


41885 FELDSPAR PL, LP: $765,000 DOMM/DOMP 6/6





Contact me if you would like additional information on any of these South Riding Homes for Sale







UNDER CONTRACT




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

Condos:



Town Homes:

41922 GALLBERRY TER,, Status: CNTG/NO KO  LP: $428,900 DOMM/DOMP: 4/4
25136 CUTGRASS TER, Status: CNTG/NO KO  LP: $437,900 DOMM/DOMP: 5/5






Detached & Semi Detached Homes:
24806 SERPENTINE PL,  Status: CNTG/NO KO  LP: $624,900  DOMM/DOMP: 72/72
24781 HIGH PLATEAU CT,  Status: CNTG/NO KO  LP: $659,000  DOMM/DOMP: 54/54


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 34 days or about 1.1months. This is the lower than the current absorption rate for Stone Ridge 1.2 mentioned in the introduction.



SOLD



 According to MLS there were 3 homes sold and went to record for the week of 5/14/2016 - 5/20/2016 .  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
24662 GREYSTEEL SQ, $448,100 , $425,000 - $10,000 = $415,000 , 92.6%, 15/15
25066 MINERAL SPRINGS CIR,, $449,900 , $445,000 - $0 = $4445,000, 99%, 7/7


Detached & Semi Detached Homes:
Address, List Price, Sold Price - Seller Subsidy = Net Sold Price, % of asking price, DOMM/DOMP
24792 HORNFELS CT, $534,900  , $534,900 - $5,000 = $529,900 , 99.1% 49/49




Average Net %:  97.2%
Average DOMM / DOMP: 24/24





SUMMARY




The current inventory level for Stone Ridge decreased to 15 active listings. There were 1 new listings, 4 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