Wednesday, June 28, 2017

Mid Week Update 6/24/2017 - 6/28/2017

I wanted to provide a mid week update for South Riding. there are currently 28 homes for sale. 2 homes new to the market; 2 traditional town homes.  3 homes received a contract; 2 traditional sale town homes & 1 traditional sale detached  homes.  2 homes were reported sold; 2 traditional sale detached  homes.  There are 2 homes coming soon.  I will provide a more details in next week's Weekly Update. 

Friday, June 23, 2017

Rentals June 23, 2017

Rentals June 23, 2017









If you would like to see any of the above properties, please email me

Weekly Update Update 6/13/2017 - 6/24/2017


INTRODUCTION







As of today, there are 24 active listings in MLS, 3 homes coming soon and 39 homes which went under contract in the past 30 days. This gives us a current absorption rate of .6 lower than last week's .8.  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: 1

Total Potential ShortSale: 1

Percent of Short Sales: 4.2%


Bank Owned Condos: 0


Bank Owned Town Homes: 0

Bank Owned Detached Homes:  0

TotalBank 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%


TotalDistressed Sales: 1

Percent of Total Distressed Sales: 4.2%





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















NEW LISTINGS





According to MLS there are 5 homes new to mls for the week of 6/17/2017 – 6/23/2017, 1 more than last week:



Condos:


42896 CONRAD TER, LP: $399,900  DOMM/DOMP 0/0





Town Homes:


25479 FLYNN LN,, LP: $414,900  DOMM/DOMP 1/1

43148 KATAMA SQ, LP: $419,000  DOMM/DOMP 6/6

43522 HUBBARD SQ, LP: $435,000  DOMM/DOMP 0/0

25201 DUNVEGAN SQ, LP: $454,000  DOMM/DOMP 1/1




Detached & Semi Detached Homes:


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









UNDER CONTRACT







According to MLS, there were 9 homes which went under contract during this period, 3 more than previous week:





Condos:

43134 WATERCREST SQ #205, Status: CNTG/NO KO   LP: $249,000 DOMM/DOMP 18/18

25309 CROSSFIELD DR, Status: CNTG/NO KO   LP: $444,900 DOMM/DOMP 35/35



Town Homes:

43712 SCARLET SQ, Status: CNTG/NO KO      LP: $395,000 DOMM/DOMP 4/4

42745 STADLER LN, Status: CNTG/NO KO      LP: $424,900 DOMM/DOMP 26/26

42929 SHELBOURNE SQ, Status: CNTG/NO KO      LP: $425,000 DOMM/DOMP 2/2

42761 LOCKLEAR TER, Status: CNTG/NO KO      LP: $459,999 DOMM/DOMP 4/4

42761 LOCKLEAR TER, Status: CNTG/NO KO      LP: $485,000 DOMM/DOMP 14/34



Detached & Semi Detached Homes:

26187 LANDS END DR, Status: CNTG/NO KO   LP: $499,500 DOMM/DOMP 19/19

42454 LONDONTOWN TER, Status: CNTGKO   LP: $538,000 DOMM/DOMP 19/19

      

  
This is 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 9 homes is 18 days or about .6 months. This is the same as the current absorption rate for South Riding .6 mentioned in the introduction.








SOLD







 According to MLS there were 7 homes sold and went to record for the week of 6/17/2017 – 6/23/2017.  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



42810 SYKES TER, $340,000, $335,000- $0 = $335,000, 98.5%, 11/11







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




42963 ASTELL ST, $385,000, $390,000- $5,000 = $385,000, 100%, 2/2

42769 STADLER LN, $424,900, $424,000- $0 = $424,000, 99.8%, 6/6

42772 LOCKLEAR TER, $464,900, $460,000- $7,500 = $452,500, 97.3%, 19/19


Detached & Semi Detached Homes:

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



25613 CREEK RUN TER,, $549,500, $550,000- $5,000 = $545,000, 99.2%, 7/7

42484 UNICORN DR, $659,900, $660,000- $10,000 = $650,000, 98.5%, 35/35

25809 PLANTING FIELD DR, $714,900, $707,500- $0 = $707,500, 99%, 19/19









Average Net %:  98.9%

Average DOMM / DOMP: 14/14









SUMMARY









The current inventory level for South Riding decreased to 24 active listings. With 5 new listings and 9 homes which went under contract last week last week. 7 homes sold and went to record with average days on the market of 14 and average net sales price of 98.9%. Looking back over the past 5 weeks which had sold homes the average net to list price has been 98.9%, 100.7%, 100.3%, 98%, & 99.1%  for an average of 99.4%









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


Wednesday, June 21, 2017

Mid Week Update 6/17/2017 - 6/21/2017

I wanted to provide a mid week update for South Riding. there are currently 24 homes for sale. 2 homes new to the market; 2 traditional sale town homes.  6 homes received a contract; 2 traditional sale condos, 3 traditional sale town homes & 1 traditional sale detached  homes.  3 homes were reported sold; 1 traditional sale town homes & 2 traditional sale detached  homes.  There are 2 homes coming soon.  I will provide a more details in next week's Weekly Update. 

Friday, June 16, 2017

Rentals June 16, 2017

Rentals June 16, 2017









If you would like to see any of the above properties, please email me

Weekly Update Update 6/10/2017 - 6/16/2017


INTRODUCTION







As of today, there are 28 active listings in MLS, 1 homes coming soon and 38 homes which went under contract in the past 30 days. This gives us a current absorption rate of .8 lower than last week's .9.  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: 1

Total Potential ShortSale: 1

Percent of Short Sales: 3.6%


Bank Owned Condos: 0


Bank Owned Town Homes: 1

Bank Owned Detached Homes:  0

TotalBank Owned: 1

Percent of Bank Owned: 3.6%


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


Total Foreclosed: 0

Percent of Foreclosed: 0%


TotalDistressed Sales: 2

Percent of Total Distressed Sales: 7.1%





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















NEW LISTINGS





According to MLS there are 4 homes new to mls for the week of 6/10/2017 – 6/16/2017, 5 less than last week:



Condos:


25307 CROSSFIELD DR, LP: $344,900  DOMM/DOMP 6/6





Town Homes:

43173 KATAMA SQ, LP: $395,000  DOMM/DOMP 3/3 





Detached & Semi Detached Homes:

25797 KAISER PL, LP: $650,000  DOMM/DOMP 1/1

43349 ROYAL BURKEDALE ST, LP: $679,000  DOMM/DOMP 1/1


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









UNDER CONTRACT







According to MLS, there were 6 homes which went under contract during this period, 2 less than previous week:





Condos:

25300 LAKE MIST SQ #202, Status: CNTG/NO KO   LP: $250,000 DOMM/DOMP 11/11

Town Homes:

 25533 HUSSAR TER, Status: CONTRACT   LP: $439,000 DOMM/DOMP 2/2



Detached & Semi Detached Homes:

43006 TIPPMAN PL, Status: CNTG/KO   LP: $560,000 DOMM/DOMP 68/68

25910 SARAZEN DR, Status: CONTRACT  LP: $584,900 DOMM/DOMP 31/31

43218 MAPLE CROSS ST, Status: CNTG/NO KO   LP: $599,900 DOMM/DOMP 20/20

43656 INTREPID ST, Status: CNTG/NO KO   LP: $670,000 DOMM/DOMP 22/22 (bank owned)

      

  
This is 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 6 homes is 26 days or about .9 months. This is higher than the current absorption rate for South Riding .8 mentioned in the introduction.








SOLD







 According to MLS there were 1 homes sold and went to record for the week of 6/10/2017 – 6/16/2017.  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/DO




25213 DUNVEGAN SQ, $405,000, $408,000- $0 = $408,000, 100.7%, 11/11




Detached & Semi Detached Homes:

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











Average Net %:  100.1%

Average DOMM / DOMP: 11/11









SUMMARY









The current inventory level for South Riding decreased to 28 active listings. With 4 new listings and 6 homes which went under contract last week last week. 1 homes sold and went to record with average days on the market of 11 and average net sales price of 100.7%. Looking back over the past 5 weeks which had sold homes the average net to list price has been 100.7%, 100.3%, 98%, 99.1%, & 97.9% for an average of 99.2%









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

Thursday, June 15, 2017

Free Summer Meal Program

If you have a school-aged student in need of breakfast and lunch this summer (or know of someone who does), simply text "FOOD" to 877877 and receive a message back with a location closest to where they can get free summer meals. The official website for this program is https://www.nokidhungry.org/

Even if you aren't in need, someone else's kids may be. No child deserves to go hungry.

PLEASE PLEASE PLEASE copy, paste, and post!





This is a nationwide program so feel free to repost.



Si usted conoce un ni~no de edad escolar que necesita almuerzos y desayunos este verano (o si conoce a una familia que podria beneficiar de este programa), textea "COMIDA" a 877877 y recibira un mensaje que le dira adonde se puede conseguir comidas gratis durante el verano. Favor de compartir este mensaje! Aun si Ud. no lo necesita, podria ayudarle a otra familia que si. Para mayor informacion: http://www.nochildhungry.org.



Es un programa nacional. Muchas gracias!!!