INTRODUCTION
As of today, there are 29 active listings in MLS and 46 homes which went under contract in the past 30 days. This gives us a current absorption rate of 0 which is the same as last week's rate of 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
Disclosed Potential Short Sales: 1
Percent of Short Sales: 3.5%
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 Bank Owned: 0%
Total Distressed Sales: 1
Percent of Total Distressed Sales: 3.5%
Contact me if you would like additional information on any of these South Riding Homes for Sale
NEW LISTINGS
According to MLS there were 6 homes new to mls for the week of 6/8/2013 - 6/15/2013. 2 less than last week.
42631 HOMEFRONT TER W, LP: $329,999 DOMM/DOMP: 0/0 25121 NEPTUNE TER, LP: $349,000 DOMM/DOMP: 1/1
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| Contact me 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.
Town Homes:
43001 EDGEWATER ST, Status: CNTG/NO KO LP: $399,975 DOMM/DOMP: 32/32
42325 CAPITAL TER, Status: CNTG/NO KO LP: $469,999 DOMM/DOMP: 17/17
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25602 DABNER DR, Status: CNTG/NO KO LP: $585,000 DOMM/DOMP: 33/53
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 4 homes is 26 days or about .9 months. This is higher than the current absorption rate for South Riding 0 mentioned in the introduction.
Contact me if you would like additional information on any of these South Riding Homes receiving contracts
SOLD
According to MLS there were 5 homes sold and went to record for the week of 6/8/2013 - 6/15/2013. 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
43134 WATERCREST SQ #304, $254,000 $250,000- $150 = $249,850 98.4%, 36/36
Town Homes:
Address, List Price, Sold Price - Seller Subsidy = Net Sold Price, % of asking price, DOMM/DOMP
25489 FLYNN LN, $379,999, $378,000 - $4,000 = $374,000 98.4%, 8/8
25350 MCINTYRE, $389,990, $400,000 - $0 = $400,000 102.6%, 2/2
Detached Homes:
Address, List Price, Sold Price - Seller Subsidy = Net Sold Price, % of asking price, DOMM/DOMP
25316 HERRING CREEK DR, $564,000, $564,000 - $0 = $564,000 100%, 4/4
43702 MINK MEADOWS ST, $714,900, $696,500 - $0 = $696,500 97.4%, 10/10
Average Net %: 99.4%
Average DOMM / DOMP: 12/12
SUMMARY
The current inventory level for South Riding decreased to 29 active listings. With 6 listings and 4 homes which went under contract last week last week with an average days on the market of 26. 5 homes sold and went to record with average days on the market of 12 and average net sales price of 99.4%. Looking back over the past 5 weeks which had sold homes the average net to list price has been 99.4%, 100.1%, 99.2%, 99.1%, and 99% 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
