Saturday, March 28, 2015

Weekly Update 3/21/2015 - 3/27/2015

INTRODUCTION
 
 
As of today, there are 20 active listings in MLS, no home coming soon and 18 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 rate 1.8The 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:  1
Disclosed Potential Short Sale Detached Homes: 0
Percent of Short Sales: 5%
 
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%
 
 
Percent of Total Distressed Sales: 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 5 homes new to mls for the week of 3/21/2015 - 3/27/2015. This the same amount as the previous week.
 
 
Condos:
 
 
Town Homes:
 

 24715 KINGS CANYON SQ,  LP:  $389,900 DOMM/DOMP: 6/6

24684 NETTLE MILL SQ,,  LP:  $419,000    DOMM/DOMP: 6/6
25133 HIMALAYAS TER,  LP:  $449,500    DOMM/DOMP: 2/2
41913 MORELAND MINE TER,  LP:  $465,000  DOMM/DOMP: 5/5
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
Detached Homes:

42049 BASALT DR,,  LP:  $639,900 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 8 homes which went under contract during this period 6 more than the previous week.
 
 
Condos:
 
 
Town Homes:
25097 CYPRESS MILL TER, Status: CONTRACT  LP:  $288,500 DOMM/DOMP: 18/18
24706 CLOCK TOWER SQ, Status: CONTRACT  LP:  $355,000   DOMM/DOMP: 4/151
41923 MORELAND MINE TER, Status: CNTG/NO KO  LP:  $423,999   DOMM/DOMP: 143/143 
41911 CINNABAR SQ, Status: CNTG/NO KO  LP:  $429,990 DOMM/DOMP: 12/12
24662 GREYSTEEL SQ, Status: CNTG/NO KO  LP:  $434,900   DOMM/DOMP: 16/16 (short sale)


    
Detached Homes:
41991 ZIRCON DR, Status: CNTG/NO KO  LP:  $574,990 DOMM/DOMP: 11/11
42026 PYRITE CT, Status: CNTG/NO KO  LP:  $589,888   DOMM/DOMP: 6/6
41909 FELDSPAR PL, Status: CNTG/NO KO  LP:  $650,000   DOMM/DOMP: 17/17 
  
 
 
This is 1 more distressed sales going to under contract status this past than in the previous week. The average days on the market for the 8 homes is 47 days or about 1.6 months higher than the current absorption rate for Stone Ridge of 1.1 mentioned in the introduction.
 
 
 
 
 
 
 
SOLD
 
 
 
According to MLS there were 1 homes sold and went to record for the week of  3/21/2015 - 3/27/2015. 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
 
25114 SWEET MYRTLE SQ, $425,000, $420,000 - $0 = $420,000  98.8%, 4/4 


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

Average Net %: 98.8%
Average DOMM / DOMP: 4/4
 
    
 

 
SUMMARY

 
The current inventory level for Stone Ridge decreased to 20 active listings. There were 6 new listings, 8 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 me