Friday, July 29, 2016

Weekly Update 7/22/2016 - 7/29/2016

INTRODUCTION





As of today, there are 17
active listings in MLS, 0 homes coming soon and 13 homes which went under contract in the past 30 days. This gives us a current absorption rate of 1.3 lower 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                                                                    
Disclosed Potential Short Sale Detached Homes: 1
Disclosed Potential Short Sales: 1
Percent of Short Sales: 5.9%

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: 5.9%


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







NEW LISTINGS



According to MLS there are 2 homes new to mls for the week of 7/22/2016 - 7/29/2016.  1 less than last week:

Condos:



Town Homes:
41937 CUSHENDALL TER, LP: $449,900 DOMM/DOMP 1/1



Detached & Semi Detached Homes:
25022 MINERAL SPRINGS CIR, LP: $554,990 DOMM/DOMP 2/2 









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







UNDER CONTRACT





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

Condos:



Town Homes:

24654 SILTSTONE SQ, Status: CNTG/NO KO   LP: $429,900 DOMM/DOMP: 20/43



Detached & Semi Detached Homes:
25029 OWL CREEK DR, Status: CNTG/NO KO   LP: $559,950 DOMM/DOMP: 58/58



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 2 homes is 51 days or about 1.7 months. This is higher than the current absorption rate for Stone Ridge 1.3 mentioned in the introduction.






SOLD



 According to MLS there were 0 homes sold and went to record for the week of  7/22/2016 - 7/29/2016.  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 decreased to 17 active listings. There were 2 new listings, 2 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, July 27, 2016

Mid Week Update 7/22/2016 - 7/27/2016

I wanted to provide a mid week update for Stone Ridge. there are currently 17 homes for sale. 2 homes new to the market; 1 traditional sale town homes, and 1 traditional sale detached homes. 2 homes received a contract; 1 traditional sale town homes, and 1 traditional sale detached 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, July 22, 2016

Weekly Update 7/16/2016 - 7/22/2016

INTRODUCTION





As of today, there are 18
active listings in MLS, 0 homes coming soon and 12 homes which went under contract in the past 30 days. This gives us a current absorption rate of 1.5 lower 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                                                                    
Disclosed Potential Short Sale Detached Homes: 1
Disclosed Potential Short Sales: 1
Percent of Short Sales: 5.6%

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: 5.6%


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







NEW LISTINGS



According to MLS there are 3 homes new to mls for the week of 7/16/2016 – 7/22/2016.  1 more than last week:

Condos:



Town Homes:
24706 CLOCK TOWER SQ, LP: $370,000 DOMM/DOMP 5/5
41900 GALLBERRY TER, LP: $435,000 DOMM/DOMP 6/6


Detached & Semi Detached Homes:
24821 HORNFELS CT, LP: $759,000 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 4 homes which went under contract during this period, the same amount as the previous week:

Condos:



Town Homes:
24664 SILTSTONE SQ, Status: CNTG/NO KO    LP: $398,900 DOMM/DOMP: 4/4
41908 BERYL TER, Status: CONTRACT    LP: $406,000 DOMM/DOMP: 18/18
24652 KINGS CANYON SQ, Status: CNTG/NO KO   LP: $408,000 DOMM/DO8MP: 16/25
25073 GREEN MOUNTAIN TER, Status: CNTG/NO KO   LP: $469,999 DOMM/DOMP: 43/43


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 4 homes is 23 days or about .8 months. This is lower than the current absorption rate for Stone Ridge 1.5 mentioned in the introduction.






SOLD



 According to MLS there were 1 homes sold and went to record for the week of  7/16/2016 – 7/22/2016.  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
24689 SILTSTONE SQ, $459,000 , $452,000 - $2,420 = $454,580 ,  99%, 36/36

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



Average Net %:  99%
Average DOMM / DOMP: 36/36




SUMMARY





The current inventory level for Stone Ridge remained at 18 active listings. There were 3 new listings, 4 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