Weekly Update 1/28/11 - 2/3/12

INTRODUCTION

As of today, there are  9 active listings in MLS and 7 homes which went under contract in the past 30 days. This gives us a current absorption rate of 1.3, higher than last week's rate of 0. Of the 9 active listings, 1 is new, 3 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: 5Percent of Short Sales: 55.6%

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

Total Distressed Sales: 5
Percent of Total Distressed Sales: 55.6%

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 11/28/11 - 2/3/12. This is 1 less  than the previous week.

Town Homes: 25108 MAGNETITE TER, LP: $369,900 DOMM/DOMP: 6/6

UNDER CONTRACT

According to MLS, there were no homes which went under contract during this period, 4 less than the previous week.

SOLD

Acording Acording to MLS there was 1 home sold and went to record for the week of/28/11 - 2/3/12. Sometimes closings get delayed or the listing agent forgets to update the status in a timely matter.

Town Homes:

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

42035 BUSHCLOVER TER, $349,000, $349,000- $9,381 = $339,619, 97.3%, 107/122

Average Net %: 97.3%
Average DOMM / DOMP: 107/122

SUMMARY

The current inventory level for Stone Ridge increased to 9 active listings. There was 1 new listings, no home recieving contracts and 1 home 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.