Saturday, April 18, 2015

Weekly Update 4/11/2015 - 4/17/2015

INTRODUCTION
 
 
As of today, there are 24 active listings in MLS, 2 home coming soon and 19 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 rate 1.4The 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: 1
Percent of Short Sales: 4.2%
 
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: 4.2%
 
  
 
 
Contact me if you would like additional information on any of these Stone Ridge Homes for Sale
 
 
 
 
 
 
 
NEW LISTINGS
 
 
 
According to MLS there were 1 homes new to mls for the week of 4/11/2015 - 4/17/2015. This 6 less than the previous week.
 
 
Condos:
 

 
Town Homes:

 
 
Detached Homes:
42103 PEPPERBUSH PL,  LP:  $534,500  DOMM/DOMP: 0/0
 
 
 
 
 
 

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

 
 
   

 
 
 
 
 
 
UNDER CONTRACT
 
 
 
According to MLS, there were 5 homes which went under contract during this period 4 more than the previous week.
 
 
Condos:
 
 
Town Homes:
41907 GALLBERRY TER, Status: CNTG/NO KO  LP:  $314,900  DOMM/DOMP: 4/4 
42062 FREMONT PRESERVE SQ, Status: CNTG/NO KO  LP:  $408,999  DOMM/DOMP: 49/108
24704 CLOCK TOWER SQ,, Status: CNTG/NO KO  LP:  $410,000  DOMM/DOMP: 31/251
41938 CINNABAR SQ, Status: CNTG/NO KO  LP:  $435,000  DOMM/DOMP: 12/12
25107 GREEN MOUNTAIN TER, Status: CNTG/NO KO  LP:  $435,000  DOMM/DOMP: 23/39
    
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 5 homes is 83 days or about 2.8 months higher than the current absorption rate for Stone Ridge of 1.2 mentioned in the introduction.
 
 
 
 
 
 
 
SOLD
 
 
 
According to MLS there were 2 homes sold and went to record for the week of  4/11/2015 - 4/17/2015. 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
 
 
 


Detached Homes:
Address, List Price, Sold Price - Seller Subsidy = Net Sold Price, % of asking price, DOMM/DOMP
  
25030 MINERAL SPRINGS CIR, $530,000, $505,000 - $0 = $505,000  95.3%, 24/24 (bank owned)
42020 URAL DR, $574,900, $565,000 - $0 = $565,000  98.3%, 13/13 
 

Average Net %: 96.8%
Average DOMM / DOMP: 19/19
 
    
 

 
SUMMARY

 
The current inventory level for Stone Ridge decreased to 24 active listings. There were 1 new listings, 5 homes receiving contracts and 2 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