Tuesday, November 21, 2017

Mid Week Update 11/18/2017-11/21/2017

I wanted to provide a mid week update for Stone Ridge. there are currently 10 homes for sale. 0 homes new to the market. 1 homes received contract; 1 traditional sale town homes. 2 homes were reported sold; 2 traditional sale detached homes.  There are  1 homes coming soon.  I will provide a more details in next week's Weekly Update.  

Friday, November 17, 2017

Weekly Update Update 11/11/2017 - 11/17/2017

INTRODUCTION



As of today, there are 10
active listings in MLS, 1 homes coming soon and 12 homes which went under contract in the past 30 days. This gives us a current absorption rate of .8
lower than last week's .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: 0                                                                    
Disclosed Potential Short Sale Detached Homes: 0
Disclosed Potential Short Sales: 0
Percent of Short Sales: 0%


Bank Owned Condos: 0
Bank Owned Town Homes: 1
Bank Owned Detached Homes:  1
Percent of Bank Owned: 20%

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








NEW LISTINGS





According to MLS there are 2 homes new to mls for the week of 11/11/2017 - 11/17/2017. 1 more than last week:

Condos:





Town Homes:


25148 SWEET MYRTLE SQ, LP: $469,900  DOMM/DOMP 2/2







Detached & Semi Detached Homes:

42018 GLASS MOUNTAIN PL, LP: $630,000  DOMM/DOMP 3/3






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







UNDER CONTRACT





According to MLS, there were 2 homes which went under contract during this period 1 more than the previous week:

Condos:

 

Town Homes:


25185 HUMMOCKY TER, Status: CNTG/KO,  LP:  $449,999  DOMM/DOMP:   21/21

41921 MORELAND MINE TER, Status: CNTG/KO,  LP:  $465,000  DOMM/DOMP:  6/6


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 2 homes is 14 days or about .5 months. This is lower than the current absorption rate for Stone Ridge .8 mentioned in the introduction.









SOLD





 According to MLS there were 1 homes sold and went to record for the week of 11/11/2017 - 11/17/2017 .  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 & Semi Detached Homes:
Address, List Price, Sold Price - Seller Subsidy = Net Sold Price, % of asking price, DOMM/DOMP

41682 BROOKEBOUROUGH CT, $610,000, $600,000 - $0 = $600,000, 98.4%, 36/115



Average Net %:  98.4%%
Average DOMM / DOMP: 36/115












SUMMARY





The current inventory level for Stone Ridge increased to 10 active listings. There were 2 new listings, 2 homes receiving contracts and 2 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