Stone Ridge Weekly Update 6/22/2019 – 6/28/2019

Real Estate

INTRODUCTION

 

As of today, there are 10 active listings in MLS, 3 homes coming soon and 16 homes which went active under contract and /or pending in the past 30 days. This gives us a current absorption rate of .6 lower than last week's .7. 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: 0

Bank Owned Detached Homes:  0

Total Bank Owned: 0

Percent of Bank Owned: 0%

  

Foreclosed Condos:  0
Foreclosed Town Homes:  0
Foreclosed Detached Homes: 0

Total Foreclosed: 0

Percent of Foreclosed: 0%

 

Total Distressed Sales: 0

Percent of Total Distressed Sales: 0%

 

 

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NEW LISTINGS

  
According to MLS there are 5 homes new to mls for the week of 6/22/2019 – 6/28/2019.  1 more than last week.

 


Condos: 

 
 
Town Homes:

25172 Fluvial Ter, LP: $504,900 DOMM/DOMP 3/3

24774 Carbonate Ter, LP: $525,000 DOMM/DOMP 47/7

  

Detached & Semi Detached Homes:

42134 Pepperbush Pl, LP: $689,900 DOMM/DOMP 2/2

41515 Great Smokey Dr, LP: $715,000 DOMM/DOMP 2/2

41885 Feldspar Pl N, LP: $804,900 DOMM/DOMP 5/5

 

  

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UNDER CONTRACT

 


According to MLS, there were 3 homes which went active under contract and /or pending during this period. 1 less than the previous week:

 
Condos:

 

Town Homes:

24612 Nettle Mill Sq, Status: A/C  LP: $474,900   DOMM/ DOMP 8/8

  

 Detached & Semi Detached Homes:

24781 Stone Pillar Dr, Status: PND LP: $650,000   DOMM/ DOMP 8/8

24671 Salmon River Pl, Status: PND LP: $725,000   DOMM/ DOMP 40/40

    
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 3 homes is 19 days or about .6 months. This is the same as the current absorption rate for Stone Ridge .6 mentioned in the introduction.

 


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SOLD

 
According to MLS there were 2 homes closed the week of 6/22/2019 – 6/28/2019.  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

25182 Mineral Springs Cir, $640,000, $640,000 - $0 = $640,000 100%, 19/19
24782 Prairie Grass Dr, $650,000, $650,000 - $1,000 = $649,000 101.14%, 11/11

 

 

Average Net %: 100.7%
 Average DOMM / DOMP: 15/15

 

 

 

 

 


SUMMARY

 

 The current inventory level for Stone Ridge remained at 10 active listings. There were 5 new listings, 3 homes to active under contract and /or pending and 2 homes closed last week.   

 
Click HERE your FREE Property Market Report

Click HERE to search for your New Home for FREE

Click HERE to search for your FREE Home Valuation Report

  


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