Saturday, November 28, 2015

Weekly Update 11/21/2015-11/27/2015


As of today, there are 15 active listings in MLS, 0 homes coming soon and 10 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 rate 1.6.  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:  2
Disclosed Potential Short Sale Detached Homes:0
Percent of Short Sales: 13.3%
Bank Owned Condos: 0
Bank Owned Town Homes: 1
Bank Owned Detached Homes: 0
Percent of Bank Owned: 6.7%
Foreclosed Condos:  0
Foreclosed Town Homes:  0
Foreclosed Detached Homes: 0
Total Foreclosed: 0
Percent of Foreclosed: 0%
Percent of Total Distressed Sales: 20%
Contact me if you would like additional information on any of these Stone Ridge Homes for Sale
According to MLS there were 2 homes new to mls for the week of 11/21/2015-11/27/2015. 1 more than the previous week.
Town Homes:
41901 MORELAND MINE TERLP:  $435,000  DOMM/DOMP: 6/6

24827 WIND RIVER DRLP:  $675,900 DOMM/DOMP: 2/2


According to MLS, there were 1 homes which went under contract during this period 1 less than the previous week.

Town Homes:

Detached Homes:

24821 STONE PILLAR DR, Status: CNTG/KO  LP:  $399,900  DOMM/DOMP: 180/180

This is 1 less 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 180 days or about 6.0 months higher than the current absorption rate for Stone Ridge of 1.5 mentioned in the introduction.
According to MLS there were  4 homes sold and went to record for the week of  11/21/2015-11/27/2015 . Sometimes closings get delayed or the listing agent forgets to update the status in a timely matter.
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

24683 NETTLE MILL SQ, $424,500, $425,000 - $10,000 = $415,00097.8%, 84/84
24672 NETTLE MILL SQ, $429,900, $433,900 - $8,000 = $425,90099.1%, 19/19

Detached Homes:
Address, List Price, Sold Price - Seller Subsidy = Net Sold Price, % of asking price, DOMM/DOMP
41956 URAL DR, $575,000, $567,500 - $0 = $567,50098.4%, 84/152
42070 FIDDLEHEAD PL, $629,999, $611,000 - $10,000= $601,000,  95.4%, 4/4

Average Net %: 97.7%
Average DOMM / DOMP: 48/65


The current inventory level for Stone Ridge decrease to 15 active listings. There were 2 new listings, 1 homes receiving contracts and 4 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