Friday, September 30, 2016

Weekly Update 9/24/2016 - 9/30/2016

INTRODUCTION





As of today, there are 8
active listings in MLS, 0 homes coming soon and 7 homes which went under contract in the past 30 days. This gives us a current absorption rate of 1.1 lower than last week's 2.4. 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 0 homes new to mls for the week of 9/17/2016 - 9/23/2016.  1 less than last week:

Condos:



Town Homes:




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 1 homes which went under contract during this period, the same as the previous week:

Condos:


Town Homes:
25151 CUTGRASS TER, Status: CNTG/NO KO  LP: $449,900 DOMM/DOMP: 63/82


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 1 homes is 82 days or about 2.7 months. This is higher than the current absorption rate for Stone Ridge 1.1 mentioned in the introduction.



        






SOLD



 According to MLS there were 1 homes sold and went to record for the week of  9/24/2016 - 9/30/2016.  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
           
25154 FLUVIAL TER, $429,900, $425,000 - $3,500 = $421,500,  98%, 9/9

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


Average Net %: 98%
Average DOMM / DOMP: 9/9




SUMMARY





The current inventory level for Stone Ridge decreased to 8 active listings. There were 0 new listings, 1 homes receiving contracts and 1 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

Wednesday, September 28, 2016

Mid Week Update 9/24/2016-9/28/2016

I wanted to provide a mid week update for Stone Ridge. there are currently 7 homes for sale. 0 homes new to the market. 1 homes received a contract;  1 traditional sale town homes.  0 homes were reported sold.  There are 0 homes coming soon.  I will provide a more details in next week's Weekly Update.  

Friday, September 23, 2016

Weekly Update 9/17/2016 - 9/23/2016

INTRODUCTION





As of today, there are 12
active listings in MLS, 0 homes coming soon and 5 homes which went under contract in the past 30 days. This gives us a current absorption rate of 2.4 higher 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                                                                    
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 1 homes new to mls for the week of 9/17/2016 - 9/23/2016.  The same as last week:

Condos:



Town Homes:

25146 FLUVIAL TER, LP: $429,900 DOMM/DOMP 2/2


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 1 homes which went under contract during this period, 1 more than the previous week:

Condos:


Town Homes:
41875 CINNABAR SQ, Status: CNTG/NO KO  LP: $409,900 DOMM/DOMP: 11/51


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 1 homes is 51 days or about 1.7 months. This is lower the current absorption rate for Stone Ridge 2.4 mentioned in the introduction.



        






SOLD



 According to MLS there were 3 homes sold and went to record for the week of  9/17/2016 - 9/23/2016.  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
24706 CLOCK TOWER SQ, $349,900, $349,900 - $0 = $349,900,  100%, 3/19 (short sale)   
25145 SODALITE SQ, $469,000, $460,000 - $0 = $460,000,  98.1%, 39/39
41857 DIABASE SQ, $479,900, $477,000 - $0 = $477,000,  99.4%, 25/104

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


Average Net %: 99.2%
Average DOMM / DOMP: 22/54




SUMMARY





The current inventory level for Stone Ridge remained at 12 active listings. There were 1 new listings, 1 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