Friday, December 8, 2017

Rentals December 8, 2017

Rentals December 8, 2017






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

Weekly Update Update 12/2/2017 - 12/8/2017


                                 INTRODUCTION

                                                                                                        





As of today, there are 17 active listings in MLS,   0 homes coming soon and 19 homes which went under contract in the past 30 days. This gives us a current absorption rate of .9 lower 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:  1

Disclosed Potential Short Sale Detached Homes: 1

Total Potential Short Sale: 2

Percent of Short Sales: 5.6%


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: 2

Percent of Total Distressed Sales: 5.6%





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















NEW LISTINGS





According to MLS there are 4 homes new to mls for the week of 12/2/2017 – 12/8/2017, 3 more than last week:



Condos:



Town Homes:


43555 KIPLINGTON SQ, LP: $339,933 DOMM/DOMP 4/4

43459 JUBILEE ST, LP: $389,900 DOMM/DOMP 6/6




Detached & Semi Detached Homes:

25589 QUITS POND CT, LP: $639,900 DOMM/DOMP 3/3

42654 NATIONS ST, LP: $655,000 DOMM/DOMP 2/2




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









UNDER CONTRACT







According to MLS, there were 3 homes which went under contract during this period, the same as the previous week:





Condos:





Town Homes:

43004 BEACHALL ST, Status: CNTG/NO KO     LP: $334,989 DOMM/DOMP 35/35

25334 ASHBURY DR, Status: CNTG/NO KO     LP: $409,000 DOMM/DOMP 31/31





Detached & Semi Detached Homes:

25979 SARAZEN DR, Status: CNTG/NO KO     LP: $615,900 DOMM/DOMP 61/61







  
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 42 days or about 1.4 months. This is higher than the current absorption rate for South Riding .9 mentioned in the introduction.








SOLD







 According to MLS there were 2 homes sold and went to record for the week of 12/2/2017 – 12/8/2017.  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




25856 COMMONS SQ, $465,000, $465,000 - $0 = $465,000, 100%, 1/1






Detached & Semi Detached Homes:

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



26046 FIRST FROST WAY, $545,000, $540,000- $13,0500 = $526,500, 96.6%, 13/13



Average Net %:  98.3%

Average DOMM / DOMP: 13/13











SUMMARY









The current inventory level for South Riding increased to 17 active listings. With 4 new listings and 3 homes which went under contract last week last week. 2 homes sold and went to record with average days on the market of 13 and average net sales price of 95.6%. Looking back over the past 5 weeks which had sold homes the average net to list price has been 98.3%, 95.6%, 97.2%, 97.4%, & 97.8% for an average of 97.3%.







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


Tuesday, December 5, 2017

Mid Week Update 12/2/2017-12/5/2017

I wanted to provide a mid week update for South Riding. There are currently 16 homes for sale. 2 homes new to the market; 2 traditional sale town homes. 2 homes which went under contract; 2 traditional sale town homes. 1 homes were reported sold; 1 traditional sale town homes. There are 1 homes coming soon.  I will provide a more details in next week's Weekly Update

Friday, December 1, 2017

Weekly Update Update 11/25/2017 - 12/1/2017


INTRODUCTION

                                                                                                        





As of today, there are 16 active listings in MLS,   2 homes coming soon and 22 homes which went under contract in the past 30 days. This gives us a current absorption rate of .7 the same as 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:  1

Disclosed Potential Short Sale Detached Homes: 1

Total Potential Short Sale: 2

Percent of Short Sales: 12.5%


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 Foreclosed: 0%


Total Distressed Sales: 2

Percent of Total Distressed Sales: 12.5%





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 11/25/2017 – 12/1/2017, the same as last week:



Condos:

42912 CONRAD TER, LP: $340,000 DOMM/DOMP 1/1



Town Homes:





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 3 homes which went under contract during this period, 1 less than  the previous week:





Condos:





Town Homes:





Detached & Semi Detached Homes:

42484 MANDOLIN ST, Status: CNTG/NO KO     LP: $524,900 DOMM/DOMP 40/40

25601 QUITS POND CT, Status: CNTG/NO KO     LP: $619,900 DOMM/DOMP 3/3

25162 JUSTICE DR, Status: CNTG/NO KO     LP: $649,990 DOMM/DOMP 10/10







  
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 18 days or about .6 months. This is lower than the current absorption rate for South Riding .7 mentioned in the introduction.








SOLD







 According to MLS there were 2 homes sold and went to record for the week of 11/25/2017 – 12/1/2017.  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




43452 KATLING SQ, $399,000, $385,000- $2,250 = $382,750, 95.9%, 75/75

42925 EDGEWATER ST, $429,900, $410,000- $300 = $409,700, 95.3%, 26/26






Detached & Semi Detached Homes:

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



Average Net %:  95.6%

Average DOMM / DOMP: 51/51











SUMMARY









The current inventory level for South Riding increased to 16 active listings. With 1 new listings and 3 homes which went under contract last week last week. 2 homes sold and went to record with average days on the market of 51 and average net sales price of 95.6%. Looking back over the past 5 weeks which had sold homes the average net to list price has been 95.6%, 97.2%, 97.4%, 97.8% & 98.1% for an average of 97.2%.







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


Rentals December 1, 2017

Rentals December 1, 2017







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

Tuesday, November 28, 2017

Mid Week Update 11/25/2017-11/28/2017

I wanted to provide a mid week update for South Riding. There are currently 14 homes for sale. 1 homes new to the market; 1 1 traditional sale detached homes. 2 homes which went under contract; 2 traditional sale detached homes. 0 homes were reported sold. There are 1 homes coming soon.  I will provide a more details in next week's Weekly Update

Friday, November 24, 2017

Weekly Update Update 11/18/2017 - 11/24/2017


                                 INTRODUCTION

                                                                                                        





As of today, there are 15 active listings in MLS,   1 homes coming soon and 23 homes which went under contract in the past 30 days. This gives us a current absorption rate of .7 the same as 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: 1

Total Potential Short Sale: 1

Percent of Short Sales: 6.7%


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: 6.7%





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 11/18/2017 – 11/24/2017, 4 less than last week:



Condos:

42796 SMALLWOOD TER, LP: $335,000 DOMM/DOMP 4/4



Town Homes:





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 4 homes which went under contract during this period, 6 less than  the previous week:





Condos:

42770 KEARNEY TER, Status: CNTG/NO KO     LP: $332,500 DOMM/DOMP 5/5



Town Homes:

25476 BRICKELL DR, Status: CNTG/NO KO     LP: $412,000 DOMM/DOMP 8/8

42788 CEDAR HEDGE ST, Status: CONTRACT        LP: $415,000 DOMM/DOMP 8/8



Detached & Semi Detached Homes:

43612 PLUM ST, Status: CNTG/NO KO     LP: $499,900 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 4 homes is 7 days or about .2 months. This is lower than the current absorption rate for South Riding .7 mentioned in the introduction.








SOLD







 According to MLS there were 5 homes sold and went to record for the week of 11/18/2017 – 11/24/2017.  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




25115 NEPTUNE TER,, $385,000, $371,500 - $0 = $371,500, 96.5%, 90/90

42988 MATTIES TER,, $439,990, $421,000 - $0 = $421,000, 95.7%, 153/153

25198 WHIPPOORWILL TER, $465,000, $465,000- $3,000 = $462,000, 99.4%, 3/74






Detached & Semi Detached Homes:

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



25975 KREBS LN, $613,777, $587,500 - $0 = $587,500, 95.7%, 111/111

42522 PELICAN DR, $645,000, $638,000 - $0 = $638,000, 98.9%, 12/12



Average Net %:  97.2%

Average DOMM / DOMP: 74/88











SUMMARY









The current inventory level for South Riding decreased to 15 active listings. With 1 new listings and 4 homes which went under contract last week last week. 5 homes sold and went to record with average days on the market of 88 and average net sales price of 97.2%. Looking back over the past 5 weeks which had sold homes the average net to list price has been 97.2%, 97.4%, 97.8% 98.1%, & 98.5% for an average of 97.8% .







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