Friday, October 20, 2017

Rentals October 20, 2017

Rentals October 20, 2017











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

Weekly Update Update 10/14/2017 - 10/20/2017


INTRODUCTION







As of today, there are 28 active listings in MLS,   0 homes coming soon and 21 homes which went under contract in the past 30 days. This gives us a current absorption rate of 1.3 hhigher than last week's 1.0.  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:  1

Disclosed Potential Short Sale Detached Homes: 0

Total Potential Short Sale: 1

Percent of Short Sales: 3.6%


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: 1

Percent of Total Distressed Sales: 3.6%





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















NEW LISTINGS





According to MLS there are 3 homes new to mls for the week of 10/14/2017 – 10/20/2017, 2 more than last week:



Condos:






Town Homes:





Detached & Semi Detached Homes:

42484 MANDOLIN ST, LP: $539,900  DOMM/DOMP 6/6

25933 FLINTONBRIDGE DR, LP: $549,990  DOMM/DOMP 1/1

42522 PELICAN DR, LP: $645,000  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 4 homes which went under contract during this period, 3 less than  the previous week:





Condos:



Town Homes:

25314 ASHBURY DR, Status: CNTG/NO KO   LP: $385,000 DOMM/DOMP 14/14

42988 MATTIES TER, Status: CNTG/NO KO   LP: $439,900 DOMM/DOMP 153/153

25225 BALD EAGLE TER, Status: CNTG/NO KO   LP: $456,900 DOMM/DOMP 65/65



Detached & Semi Detached Homes:

25815 ANDERBY LN, Status: CNTG/ NO KO   LP: $625,000 DOMM/DOMP 9/9





  
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 4 homes is 62 days or about 2.1 months. This is higher than the current absorption rate for South Riding 1.3 mentioned in the introduction.








SOLD







 According to MLS there were 0 homes sold and went to record for the week of 10/14/2017 – 10/20/2017.  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











Detached & Semi Detached Homes:

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









  

Average Net %:  n/a %

Average DOMM / DOMP: n/a











SUMMARY









The current inventory level for South Riding increased to 28 active listings. With 3 new listings and 4 homes which went under contract last week last week. 0 homes sold and went to record with average days on the market of n/a and average net sales price of n/a%. Looking back over the past 5 weeks which had sold homes the average net to list price has been 95.8%, 98.8%, 97.4%, 99.8%, & 98.8% for an average of 98.1% .







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

Tuesday, October 17, 2017

Mid Week Update 10/14/2017 - 10/17/2017

I wanted to provide a mid week update for South Riding. There are currently 28 homes for sale. 1 homes new to the market; 1 traditional sale detached homes. 2 homes which went under contract; 2 traditional sale town homes.  0 homes were reported. There are 0 homes coming soon.  I will provide a more details in next week's Weekly Update. 

Friday, October 13, 2017

Rentals October 13, 2017

Rentals October 13, 2017











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

Weekly Update Update 10/07/2017 - 10/13/2017


                                    INTRODUCTION







As of today, there are27 active listings in MLS,   0 homes coming soon and 27 homes which went under contract in the past 30 days. This gives us a current absorption rate of 1.0 lower than last week's 1.3.  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















NEW LISTINGS





According to MLS there are 1 homes new to mls for the week of 10/07/2017 – 10/13/2017, 2 less than last week:



Condos:






Town Homes:





Detached & Semi Detached Homes:

26046 FIRST FROST WAY, LP: $550,000  DOMM/DOMP 3/3




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









UNDER CONTRACT







According to MLS, there were 7 homes which went under contract during this period, the same as the previous week:





Condos:



Town Homes:

43630 OBRIEN SQ, Status: CNTG/NO KO   LP: $384,500 DOMM/DOMP 52/64

25115 NEPTUNE TER, Status: CNTG/NO KO   LP: $385,000 DOMM/DOMP 90/90

25511 BERESFORD DR, Status: CNTG/NO KO   LP: $449,000 DOMM/DOMP 35/35

25256 MCINTYRE SQ, Status: CNTG/NO KO   LP: $449,900 DOMM/DOMP 7/7



Detached & Semi Detached Homes:

25478 GIMBEL DR, Status: CNTG/NO KO   LP: $575,000 DOMM/DOMP 18/24

25979 SARAZEN DR, Status: CNTG/KO   LP: $625,000 DOMM/DOMP 9/9

42523 LONGACRE DR, Status: CNTG/ NO KO   LP: $815,000 DOMM/DOMP 53/53





  
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 7 homes is 49 days or about 1.6 months. This is higher than the current absorption rate for South Riding 1.0 mentioned in the introduction.








SOLD







 According to MLS there were 1 homes sold and went to record for the week of 10/07/2017 – 10/13/2017.  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




25543 DONEGAL DR, $425,000, $415,000 - $7,800 = $407,200, 95.8%, 22/22






Detached & Semi Detached Homes:

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









  

Average Net %:  95.8 %

Average DOMM / DOMP: 22/22











SUMMARY









The current inventory level for South Riding decreased to 27 active listings. With 1 new listings and 7 homes which went under contract last week last week. 1 homes sold and went to record with average days on the market of 22 and average net sales price of 95.8%. Looking back over the past 5 weeks which had sold homes the average net to list price has been 95.8%, 98.8%, 97.4%, 99.8%, & 98.8% for an average of 98.1% .







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

Saturday, October 7, 2017