INTRODUCTION
As of today, there are 10 active listings in MLS and 8 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 1.2. Of the 10 active listings, 1 is new, 8 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: 1
Disclosed Potential Short Sale Detached Homes: 0
Disclosed Potential Short Sales: 1
Percent of Short Sales: 10%
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: 1
Percent of Total Distressed Sales: 10%
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 2/25/12 - 3/2/12. This the same as the previous week.
| Town Homes: | |||
| 25135 HUMMOCKY TER, | LP: $399,900 DOMM/DOMP: 1/1 | ||
UNDER CONTRACT
According to MLS, there were 2 homes which went under contract during this period, 1 more than the previous week.
Town Homes:
25142 BOOMERANG TER, Status: CNTG/KO LP: $339,990 DOMM/DOMP: 31/31 (short sale)
Detached Homes:
42030 PEPPERBUSH PL, Status: CNTG/NO KO LP: $644,900 DOMM/DOMP: 4/4
This is 1 more distressed sales going to under contract status this past than in the previous week. The average days on the market for the homes are 18 days or about .6 months. This is under the current absorption rate for Stone Ridge of 1.3 mentioned in the introduction.
SOLD
Acording to MLS there were 2 homes sold and went to record for the week of 2/25/12 - 3/2/12. 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
41922 MORELAND MINE TER, $379,990, $379,000 - $11,370 = $367.630, 96.7%, 11/11
Detached Homes:
Address, List Price, Sold Price - Seller Subsidy = Net Sold Price, % of asking price, DOMM/DOMP
25030 GRAYWACKE DR, $549,900, $549,900 - $9,900 = $540,000, 98.2% 10/70
Average Net %: 97.5%
Average DOMM / DOMP: 11/41
SUMMARY
The current inventory level for Stone Ridge decreased to 10 active listings. There was 1 new listings, 2home 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.
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