Friday, January 18, 2019

Weekly Update 1/12/2019 – 1/18/2019


INTRODUCTION

                                                                                                        





As of today, there are 10 activelistings in MLS,  1 homes comingsoon and 10 homes which went active under contract and / or pending in the past 30 days. This gives us a current absorption rate of 1.0 lower than last week's 1.1.  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:  1

Disclosed Potential Short Sale Detached Homes: 0

Total Potential Short Sale: 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%


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: 10%





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















NEW LISTINGS





According to MLS there are 5homes new to mls for the week of 1/12/2019 – 1/18/2019, 3 more than last week:



Condos:

42722 NATIONS ST, LP: $375,000 DOMM/DOMP 2/2





Town Homes:

43104 GOLF VIEW DR, LP: $420,000 DOMM/DOMP 2/2

42824 CEDAR HEDGE ST, LP: $435,000 DOMM/DOMP 1/1

25478 FREDA LN, LP: $439,900 DOMM/DOMP 4/4







Detached & Semi Detached Homes:

43019 KIRBY LN, LP: $730,000 DOMM/DOMP 3/3





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









UNDER CONTRACT







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





Condos:

42821 PAMPLIN TERR, Status: PND    LP: $389,950    DOMM/ DOMP 6/6



Town Homes:

42919 SHELBOURNE SQ, Status: A/C     LP: $475,000    DOMM/ DOMP 9/9









Detached & Semi Detached Homes:

26033 SPRINGDALE DR, Status: PND    LP: $580,000    DOMM/ DOMP 70/70



  
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 28 days or about .9 months. This less than the current absorption rate for South Riding 1.0 mentioned in the introduction.












SOLD







According to MLS there were 3homes closed for the week of 1/12/2019 – 1/18/2019.  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



25114 MCVRYDE TERR, $375,000, $375,000- $0 = $375,000 100%, 49/50





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




4756 SHALER ST, $429,9000, $445,000 - $0 = $445,000 103.5%, 4/4




Detached & Semi Detached Homes:

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



43238 CHASE ST, $580,000, $580,000- $500 = $579,500  99.9%, 31/31





Average Net %:  101.1%

Average DOMM / DOMP: 28/28







SUMMARY









The current inventory level for South Riding remained at 10 active listings. With 5 new listings and 3 homes which went active under contract and /or pending last week last week. 3 homes closed with average days on the market of 28 and average net sales price of 101.1%. Looking back over the past 5 weeks which had sold homes the average net to list price has been 101.1%, 99.0%, 99.1%, 98.7%, & 98.5% for an average of 99.3%.







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, January 17, 2019

Wednesday, January 16, 2019

Mid Week Update 1/12/2019 - 1/16/2019

I wanted to provide a mid week update for South Riding. There are currently 8 homes for sale. 1 homes new to the market; 1 traditional sale town homes2 homes which went active under contract or pending; 1 traditional sale condos & 1 traditional sale detached homes. 1 homes closed; 1 traditional sale condos. There are 1 homes coming soon.  I will provide a more details in next week's Weekly Update

Friday, January 11, 2019

Weekly Update 1/5/2019 – 1/11/2019


INTRODUCTION
                                                                                                        





As of today, there are 10 activelistings in MLS,  2homes comingsoon and  9 homes which went active under contract and / or pending in the past 30 days. This gives us a current absorption rate of 1.1 higher 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

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 2 homes new to mls for the week of 1/5/2019 – 1/11/2019, the same as last week:



Condos:

42821 PAMPLIN TERR, LP: $389,950 DOMM/DOMP 4/4





Town Homes:

42919 SHELBOURNE SQ, LP: $475,000 DOMM/DOMP 2/2







Detached & Semi Detached Homes:





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









UNDER CONTRACT







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





Condos:





Town Homes:

43452 INTERVAL, Status: A/C     LP: $407,000    DOMM/ DOMP 5/5

25589 AMERICA SQ, Status: PND    LP: $525,000    DOMM/ DOMP 0/0









Detached & Semi Detached Homes:





  
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 2 homes is 3 days or about .1 months. This less than the current absorption rate for South Riding 1.1 mentioned in the introduction.












SOLD







According to MLS there were 0 homes closed for the week of 1/5/2019 – 1/11/2019.  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



42317 MAGISTRATE CT, $369,999, $369,900- $8,000 = $361,900  97.8%, 81/81





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






42317 MAGISTRATE CT, $499,000, $500,000 - $0 = $500,000 100.2%, 46/46




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 10 active listings. With 2 new listings and 2 homes which went active under contract and /or pending last week last week. 0 homes closed 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 99.0%, 99.1%, 98.7%, 98.5%, & 92.2% for an average of 97.5%.







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