Friday, July 13, 2018

Thursday, July 12, 2018

Weekly Update Update 7/7/2018 - 7/12/2018


                                 INTRODUCTION

                                                                                                        





As of today, there are 19 activelistings in MLS,  5 homes coming soon and 33 homes which went under contract in the past 30 days. This gives us a current absorption rate of .6 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:  0

Disclosed Potential Short Sale Detached Homes: 1

TotalPotential Short Sale: 1

Percent of Short Sales: 6.3%


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: 6.3%





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 7/7/2018 – 7/12/2018, 2 less than last week:



Condos:





Town Homes:

43191 CENTER ST, LP: $350,000 DOMM/DOMP 0/0







Detached & Semi Detached Homes:

26132 WENDELL ST, LP: $750,000 DOMM/DOMP 0/0





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









UNDER CONTRACT







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





Condos:





Town Homes:







Detached & Semi Detached Homes:

25616 CREEK RUN TER, Status: CNTG/NO KO     LP: $509,999 DOMM/DOMP 3/3

26125 IVERSON DR, Status: CNTG/NO KO     LP: $750,000 DOMM/DOMP 4/4









  
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 4 days or about .1 months. This lower than 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 7/7/2018 – 7/12/2018.  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




25538 HEYER SQ, $410,000, $405, 000 - $500 = $404,500 98.7%, 25/25

42790 CEDAR HEDGE ST, $435,000, $435,000- $0 = $435,000 100%, 0/0

26115 NIMBLETON SQ, $450,000, $455,000 - $0 = $455,000 101.1%, 3/3

25259 BALD EAGLE TER, $478,500, $468,000 - $0  = $468,000 97.8%, 6/6

25392 WHIPPOORWILL TER, $498,000, $487, 500 - $5,000 = $482,500 96.9%, 11/11

25203 BALD EAGLE TE, $499,900, $485,000 - $0  = $485,000 97%, 3/3






Detached & Semi Detached Homes:

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



25189 EISENHOWER DR, $699,999, $710,000 - $0= $710,000 101.4%, 1/1







Average Net %:  99%

Average DOMM / DOMP: 7/7













SUMMARY









The current inventory level for South Riding increased to 19 active listings. With 2 new listings and 2 homes which went under contract last week last week. 7 homes sold and went to record with average days on the market of 7 and average net sales price of 99%. Looking back over the past 5 weeks which had sold homes the average net to list price has been 99%, 98.4%, 98.7%,100.2%, & 98.7% for an average of 99%.







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, July 11, 2018

Mid Week Update 7/7/2018-7/11/2018

I wanted to provide a mid week update for South Riding. There are currently 16 homes for sale0 homes new to the market3 homes which went under contract; 3 traditional sale detached homes. 5 homes were reported sold; 4 traditional sale town homes & 1 traditional sale detached homes There are 2 homes coming soon.  I will provide a more details in next week's Weekly Update.

Friday, July 6, 2018

Weekly Update Update 6/30/2018 - 7/6/2018


                                 INTRODUCTION

                                                                                                        





As of today, there are 16 activelistings in MLS,  2 homes comingsoon 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:  0

Disclosed Potential Short Sale Detached Homes: 1

TotalPotential Short Sale: 1

Percent of Short Sales: 6.3%


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: 6.3%





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















NEW LISTINGS





According to MLS there are 4homes new to mls for the week of 6/30/2018 – 7/6/2018, 1 less than last week:



Condos:





Town Homes:









Detached & Semi Detached Homes:

25184 PLANTING FIELD DR, LP: $539,900 DOMM/DOMP 1/1

25141 FORTITUDE TER, LP: $559,950 DOMM/DOMP 1/1

43461 Quentin ST,, LP: $574,900 DOMM/DOMP 3/3

42929 SPYDER PL,, LP: $624,990 DOMM/DOMP 4/4





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









UNDER CONTRACT







According to MLS, there were 4homes which went under contract during this period, 5 less than the previous week:





Condos:





Town Homes:

42763 SHALER ST, Status: CNTG/NO KO     LP: $439,900 DOMM/DOMP 6/6







Detached & Semi Detached Homes:

43188 LIGHTHOUSE PL, Status: CNTG/NO KO     LP: $629,900 DOMM/DOMP 4/4

25295 JUSTICE DR, Status: CNTG/NO KO     LP: $764,900 DOMM/DOMP 3/3

25287 JUSTICE DR, Status: CONTRACT        LP: $775,000 DOMM/DOMP 11/11









  
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 6 days or about .2 months. This lower than the current absorption rate for South Riding .7 mentioned in the introduction.












SOLD







According to MLS there were 5homes sold and went to record for the week of 6/30/2018 – 7/6/2018.  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





25393 SHIPLEY TER, $364,999, $355, 000 - $2,000 = $353,000 96.7%, 15/15





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




25120 OMAHA TER, $395,000, $388,000 - $0 = $388,000 98.2%, 13/13

26153 NIMBLETON S, $440,000, $435,000 - $0 = $435,000 98.9%, 5/5






Detached & Semi Detached Homes:

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


25178 FORTITUDE TER, $549,990, $544,900 - $4,000  = $540,000 98.2%, 8/8
25421 CHICAMA DR, $629,900, $630,000 - $0= $630,000 100%, 4/4







Average Net %:  98.4%

Average DOMM / DOMP: 9/9













SUMMARY









The current inventory level for South Riding decreased to 16 active listings. With 4 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 9 and average net sales price of 98.4%. Looking back over the past 5 weeks which had sold homes the average net to list price has been 98.4%, 98.7%,100.2%, 98.7%, & 99.3% for an average of 99.1%.







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

Thursday, July 5, 2018