Friday, June 24, 2016

Weekly Update 6/18/2016 - 6/24/2016

INTRODUCTION







As of today, there are 17
active listings in MLS, 2 homes coming soon and 8 homes which went under contract in the past 30 days. This gives us a current absorption rate of 2.1 higher than last week's 2.0 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 Stone Ridge Homes for Sale



NEW LISTINGS



According to MLS there are 1 homes new to mls for the week of 6/18/2016 - 6/24/2016.  3 less than last week:

Condos:



Town Homes:
24691 CAPECASTLE TER, LP: $444,900 DOMM/DOMP 2/2 




Detached & Semi Detached Homes:










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, 2 less than the previous week:

Condos:



Town Homes:

42118 FREMONT PRESERVE SQ  Status: CNTG/NO KO  LP: $429,900  DOMM/DOMP: 60/60


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 60 days or about 2.0 months. This is the lower than the current absorption rate for Stone Ridge 2.1 mentioned in the introduction.





SOLD



 According to MLS there were 0 homes sold and went to record for the week of  6/18/2016 - 6/24/2016.  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


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





Average Net %:  n/a%
Average DOMM / DOMP: n/a





SUMMARY





The current inventory level for Stone Ridge increased to 17 active listings. There were 1 new listings, 1 homes receiving contracts and 0 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, June 22, 2016

Mid Week Update 6/18/2016 - 6/22/2016

I wanted to provide a mid week update for Stone Ridge. there are currently 16 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 4 homes coming soon.  I will provide a more details in next week's Weekly Update.  

Friday, June 17, 2016

Weekly Update 6/11/2016 - 6/17/2016

INTRODUCTION






As of today, there are 16
active listings in MLS, 3 homes coming soon and 8 homes which went under contract in the past 30 days. This gives us a current absorption rate of 2.0 higher than last week's 1.5 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 Stone Ridge Homes for Sale




NEW LISTINGS



According to MLS there are 4 homes new to mls for the week of 6/11/2016 - 6/17/2016.  1 more than last week:

Condos:



Town Homes:
24654 SILTSTONE SQ, LP: $399,999 DOMM/DOMP 4/4
42039 BUSHCLOVER TER, LP: $469,900 DOMM/DOMP 1/1 




Detached & Semi Detached Homes:
42061 GREENSTONE DR, LP: $525,000 DOMM/DOMP 2/2
25023 GRAYWACKE DR, LP: $599,900 DOMM/DOMP 1/1 







Contact me if you would like additional information on any of these South Riding 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:

24694 GEYSER PEAKS SQ  Status: CONTRACT  LP: $385,000  DOMM/DOMP: 8/8
41907 DIAMONDLEAF TER  Status: CNTG/NO KO   LP: $429,900  DOMM/DOMP: 5/5

Detached & Semi Detached Homes:
25041 OWL CREEK DR  Status: CNTG/NO KO   LP: $599,900  DOMM/DOMP: 63/63



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 25 days or about .8 months. This is the lower than the current absorption rate for Stone Ridge 2.0 mentioned in the introduction.

























SOLD



 According to MLS there were 3 homes sold and went to record for the week of  6/11/2016 - 6/17/2016.  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
25104 MAGNETITE TER, $434,990 , $430,000 - $7,000 = $423,000 , 97.28/21
25136 CUTGRASS TER, $437,900 , $425,000 - $0 = $425,000 , 97.15/5

Detached & Semi Detached Homes:
Address, List Price, Sold Price - Seller Subsidy = Net Sold Price, % of asking price, DOMM/DOMP
41987 ZIRCON DR, $619,900 , $614,000 - $9,000 = $605,000 , 97.625/25




Average Net %:  97.3%
Average DOMM / DOMP: 13/17





SUMMARY




The current inventory level for Stone Ridge increased to 16 active listings. There were 4 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