Stone Ridge Weekly Update October 10, 2020 - October 16, 2020

Stone Ridge Weekly Update October 10, 2020 - October 16, 2020


 

INTRODUCTION

                                                                                                        

 

 

As of today, there are 2 active listings in MLS, homes coming soon and 14 homes which went active under contract and /or pending in the past 30 days. This gives us a current absorption rate of .1 the same as last week's .1. 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

Total Potential Short Sale: 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%

 

 

Contact me if you would like additional information on any of these South Riding Homes for Sale

 

Click HERE your FREE Property Market Report

 

 

 

 

 

NEW LISTINGS

 

 

According to MLS there are 1 homes new to mls for the week of 10/10/2020 – 10/16/2020, 1 less than last week.

 

Condos:

 

  

Town Homes:

25124 Sweet Myrtle Sq, LP: $519,900 DOMM/DOMP 1/1

 

 

Detached & Semi Detached Homes:

 

 

 

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


Click HERE to search for your New Home for FREE

 

 






UNDER CONTRACT

 

 

 

According to MLS, there were 3 homes which went active under contract and /or pending during this period, 2 more than the previous week:

 

Condos:

 

  

 

Town Homes:

25133 Hummocky Ter, Status: A/C      LP: $400,000    DOMM/ DOMP 4/4

25105 Hummocky Ter, Status: PND     LP: $560,000    DOMM/ DOMP 2/2

 

 

  

Detached & Semi Detached Homes:

24667 Salmon River Pl, Status: PND LP: $775,000   DOMM/ DOMP 5/5

 

  
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 4 days or about .1 months. This is the same as the current absorption rate for Stone Ridge .1 mentioned in the introduction.

 

 

   

 

SOLD

 

 

According to MLS there were 2 homes closed the week of 10/9/2020 – 10/16/2020. 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

42317 MAGISTRATE CT, 529,000, $530,000 - $0 = $420,000 100.2%, 10/10

 

 


Detached & Semi Detached Homes:

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

25125 Cutgrass Ter, 700,000, $720,000 - $0 = $720,000 102.9%, 3/3

 

 

Average Net %:  101.6%

Average DOMM / DOMP: 7/7

 

 

 

 

SUMMARY

 

 

The current inventory level for Stone Ridge increased to 2 active listings. There were 1 new listings, homes to active under contract and /or pending and 2 homes closed last week with average days on the market of 7 and average net to list sales price of 101.6%.

 


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

 


Mark Murad Headshot
Author:
Phone: 703-623-7626
Dated: October 16th 2020
Views: 1
About Mark: Mark Murad has been a REALTOR® since 2005 striving to provide his clients with superior customer se...

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Mark Murad
14526 Lee Road, Suite 100
Chantilly, VA
703-623-7626