Weekly Update 12/17/1/11 - 12/23/11

INTRODUCTION

As of today, there are 8 active listings in MLS and 5 homes which went under contract in the past 30 days. This gives us a current absorption rate of 1.6, higher than last week's rate of 1.4. Of the 8 active listings, 1 is new, 2 are traditional re sales the remainder are distressed sales which break down as follows:

Disclosed Potential Short Sale Condos: 0
Disclosed Potential Short Sale Town Homes: 5
Disclosed Potential Short Sale Detached Homes: 0
Disclosed Potential Short Sales: 5
Percent of Short Sales: 62.5%

Bank Owned Condos: 0
Bank Owned Town Homes: 0
Bank Owned Detached Homes: 0
Total Bank Owned: 0
Percent of Bank Owned: 9.1%

Total Distressed Sales: 5
Percent of Total Distressed Sales: 62.5%

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

NEW LISTINGS

According to MLS there was 1 home  new to mls for the week of 12/17/1/11 - 12/23/11. This 1 more than the previous week.

Detached Homes:

42099 PEPPERBUSH PL, LP: $549,990 DOMM/DOMP: 4/4

UNDER CONTRACT

According to MLS, there was 1 home which went under contract during this period, 1 more  than the previous week.

Condos:
41957 BLUE FLAG TER #69, Status: CNTG/NO KO LP: $275,000 DOMM/DOMP: 30/30 (bank owned)
<><> <><> This is 1 more distressed sales going to under contract status this past than in the previous week. The days on the market for the home is 30 days or about 1 months. This is lower than the current absorption rate for Stone Ridge of 1.6 mentioned in the introduction.

SOLD

Acording Acording to MLS there were 2 homes sold and went to record for the week of 12/17/1/11 - 12/23/11. Sometimes closings get delayed or the listing agent forgets to update the status in a timely matter.

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

41765 CORDGRASS CIR, $650,000, $635,000 - $9,000 = $626,000,  96.3%, 31/31

24793 HORNFELS CT, $785,000, $735,000 - $0 = $735,000, 93.6%, 93/149

Average Net %: 95%
Average DOMM / DOMP:62/90

SUMMARY

The current inventory level for Stone Ridge  decreased to 8 active listings. There were 1 new listings, 1 home recieving 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.