Weekly Update 12/25/10 -12/31/10

INTRODUCTION

As of today, there are 42 active listings in MLS and 21 homes which went under contract in the past 30 days. This gives us a current absorption rate of 2.0, which is lower than last week's rate of 2.8. The number of distressed sales out of the total actives and the breakdown is as follows:

Disclosed Potential Short Sale Condos: 1
Disclosed Potential Short Sale Town Homes: 3
Disclosed Potential Short Sale Detached Homes: 5
Disclosed Potential Short Sales: 9
Percent of Short Sales: 21.4%


Bank Owned Condos: 2
Bank Owned Town Homes: 0
Bank Owned Detached Homes: 2
Total Bank Owned: 4
Percent of Bank Owned: 9.5%


Total Distressed Sales: 13
Percent of Total Distressed Sales: 31%Contact me if you would like additional information on any of these South Riding Homes for Sale

NEW LISTINGS

According to MLS there were no homes new to mls for the week of 12/25/10 -12/31/10. This is the same amount as the previous week. It is a distressed sale.

UNDER CONTRACT

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

Town Homes:

25535 BERESFORD DR, LP: $301,500 Status: CNTG/NO KO DOMM/DOMP: 31/31 (short sale)
42942 BEACHALL ST, LP: $310,000 Status: CNTG/NO KO DOMM/DOMP: 90/90 (short sale)

25517 BERESFORD DR, LP: $439,900 Status: CNTG/NO KO DOMM/DOMP: 28/28

Detached Homes:
26108 FLINTONBRIDGE DR, LP: $439,300 Status: CNTG/NO KO DOMM/DOMP: 56/56
42538 LONGACRE DR,LP: $649,900 Status: CNTG/NO KO DOMM/DOMP: 73/73 (short sale)


This is 2 more distressed sales going to under contract status this past than in the previous week. The average days on the market for the 5 homes is 56 days or about 1.9 months. This is under the current absorption rate for South Riding 2.0 mentioned in the introduction.

SOLD

Acording to MLS there were 7 homes sold and went to record for the week of 12/25/10 -12/31/10. Sometimes closings get delayed or the listing agent forgets to update the status in a timely matter.



Town Homes:

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

43449 KATLING SQ, $275,000, $275,000 - $1,000 = $274,000, 99.6%, 123/123
42743 STADLER LN, $359,990,  $352,500 - $0 =  $352,500, 97.9%, 3/3
25212 DUNVEGAN SQ, $360,000, $335,000 - $3,350 = $331,650, 92%, 134/134 (short sale)
42755 LOCKLEAR TER, $380,000, $380,000 - $3,000 = $377,000, 99.2%, 23/23

Detached Homes:

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


42563 PELICAN DR, $434,990, $432,500 - $5,000 = $427,500, 98.3%, 23/23
25604 CREEK RUN TER, $449,900, $436,000 - $0 = $436,000, 96.9%, 47/47 
42517 FLEMMING DR, $872,000, $777,600 - $0 = $777,600, 89.2%, 37/37 (short sale)
 
 
Average Net %: 96.2%

Average DOMM / DOMP: 56/56

SUMMARY

The current inventory level for South Riding decreased to 42 active listings. With No new listings and 5 homes which went under contract last week, receiving contracts with an average 56 days on the market. 7 homes sold and went to record last week with an average net of 96.2% and 56 days on the market. Looking back over the past 5 weeks of sold homes the average net to list price has been 96.2%, 95.5%, 99.4%, 98.7%, and 97.2%  for an average of 97.4% over the last 5 weeks.







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

Mid Week Update 12/25/2010-12/29/2010

I wanted to provide a mid week update for South Riding. There are currently 45 active listings, No new listing a traditional sale town home. 2 homes received a contracts, 2 short sale town homes and 1 short sale detached home. 5 homes sold and went to record, 3 traditional sale town homes, a traditional sale detached  home and a short sale detached home. I will provide a more details in next week's Weekly Update.






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.

Weekly Update 12/18/10 -12/24/10

INTRODUCTION

As of today, there are 51 active listings in MLS and 18 homes which went under contract in the past 30 days. This gives us a current absorption rate of 2.8, which is higher than last week's rate of 2.4. The number of distressed sales out of the total actives and the breakdown is as follows:

Disclosed Potential Short Sale Condos: 1
Disclosed Potential Short Sale Town Homes: 7
Disclosed Potential Short Sale Detached Homes: 5
Disclosed Potential Short Sales: 13
Percent of Short Sales: 25.5%

Bank Owned Condos: 2
Bank Owned Town Homes: 0
Bank Owned Detached Homes: 3
Total Bank Owned: 5
Percent of Bank Owned: 9.8%


Total Distressed Sales: 18
Percent of Total Distressed Sales: 35.3%

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

NEW LISTINGS

According to MLS there was 1 home new to mls for the week of 12/18/10 -12/24/10. This is the same amount as the previous week. It is a distressed sale.

Town Homes:

43499 INTERVAL ST, ML#: LO7499378 LP: $349,500 DOMM/DOMP: 4/4

UNDER CONTRACT

According to MLS, there was 1 home which went under contract during this period, 3 less than the previous week.

Town Homes:

25257 NESTING SQ, ML#: LO7222235 LP: $339,000 Status: CNTG/NO KO DOMM/DOMP: 114/114 (short sale)



This is the same amount of distressed sales going to under contract status this past than in the previous week. The days on the market for the 1 home is 114 days or about 3.8 months. This is over the current absorption rate for South Riding 2.8 mentioned in the introduction.

SOLD

Acording to MLS there were 5 homes sold and went to record for the week of 12/18/10 -12/24/10. 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

42841 MCCOMAS TER, $274,900, $274,900 - $8,000 = $266,900, 97.1% 62/62 (short sale)

Town Homes:

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

43511 JUBILEE ST, $320,000, $320,000 - $12,800 = $307,200, 96%, 58/58 (bank owned)
43519 JUBILEE ST, $349,900, $340,000 -$10,000 = $330,000, 94.3%, 46/46
42906 OVERLY SQ, $399,900, $389,900 -  $10,450 = $379,450, 94.9%, 74/74


Detached Homes:

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

25665 TREMAINE TER,  $499,999, $475,000 - $0 = $475,000, 95%, 4/198


Average Net %: 95.5%

Average DOMM / DOMP: 49/88

SUMMARY

The current inventory level for South Riding decreased to 51 active listings. With 1 new listing and 1 home which went under contract last week, receiving contracts with an average 114 days on the market. 3 homes sold and went to record last week with an average net of 95.5% and 88 days on the market. Looking back over the past 5 weeks of sold homes the average net to list price has been 95.5%, 99.4%, 98.7%, 97.2%, and 97.3% for an average of 97.6% over the last 5 weeks.





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

Mid Week Update 12/18/2010-12/21/2010

I wanted to provide a mid week update for South Riding. There are currently 53 active listings, 1 new listing a traditional sale town home. NO homes received a contract. 2 homes sold and went to record, a bank owned town home and a traditional sale town home. I will provide a more details in next week's Weekly Update.







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.

Weekly Update 12/11/10 -12/17/10

INTRODUCTION

As of today, there are 55 active listings in MLS and 23 homes which went under contract in the past 30 days. This gives us a current absorption rate of 2.4, which is higher than last week's rate of 2.0. The number of distressed sales out of the total actives and the breakdown is as follows:

Disclosed Potential Short Sale Condos: 1
Disclosed Potential Short Sale Town Homes: 8
Disclosed Potential Short Sale Detached Homes: 6
Disclosed Potential Short Sales: 15
Percent of Short Sales: 27.3%


Bank Owned Condos: 2
Bank Owned Town Homes: 0
Bank Owned Detached Homes: 2
Total Bank Owned: 4
Percent of Bank Owned: 7.3%

Total Distressed Sales: 19
Percent of Total Distressed Sales: 34.6%

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

NEW LISTINGS

According to MLS there was 1 home new to mls for the week of 12/11/10 -12/17/10. This is the same amount as the previous week. It is a distressed sale.

Detached  Homes:

42480 FLEMMING DR, ML#: LO7498438 LP: $899,900 DOMM/DOMP: 0/0 (short sale)
 

UNDER CONTRACT

According to MLS, there were 4 homes which went under contract during this period, 1 less than the previous week.

Condos:

25272 RIFFLEFORD SQ #304,  ML#: LO7471364 LP: $229,900 Status: CNTG/NO KO DOMM/DOMP: 44/44



Town Homes:

42787 PILGRIM SQ, CHANTILLY,ML#: LO7465595 LP: $280,000 Status: CNTG/NO KO DOMM/DOMP: 56/56

Detached Homes:

25644 CREEK RUN TER, ML#: LO7480100 LP: $420,000 Status: CNTG/KO DOMM/DOMP: 32/32  (short sale)
25754 SOUTH VILLAGE DR, ML#: LO7459369 LP: $649,995 Status: CNTG/NO KO DOMM/DOMP: 63/0

This is 2 less 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 33 days or about 1.1 months. This is under the current absorption rate for South Riding 2.4 mentioned in the introduction.

SOLD

Acording to MLS there were 3 homes sold and went to record for the week of 12/11/10 -12/17/10. Sometimes closings get delayed or the listing agent forgets to update the status in a timely matter.

Town Homes:


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

43068 EUSTIS ST, $299,900, $315,000 -  $9,450 = $305,550, 101.9%, 14/14 (short sale)
25203 BALD EAGLE TER, $360,000, $360,000 - $5,000 = $355,000, 98.6%, 10/10
 (short sale)

Detached Homes:


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


25773 KAISER PL, $527,500, $520,000 - $5,000 = $515,000, 97.6%, 35/35



Average Net %: 99.4%

Average DOMM / DOMP: 20/20

SUMMARY

The current inventory level for South Riding decreased to 55 active listings. With 1 new listing and 4 homes which went under contract last week, receiving contracts with an average 33 days on the market. 3 homes sold and went to record last week with an average net of 99.4% and 20 days on the market. Looking back over the past 5 weeks of sold homes the average net to list price has been 99.4%, 98.7%, 97.2%, 97.3%, and 96% for an average of 97.7% over the last 5 weeks.




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 17, 2010

Rentals December 17, 2010

Chantilly VA Zipcode 20152 (Loudoun County)

Chantilly VA Zipcode 20151 (Fairfax County)

If you would like to see any of the above properties, give me a call at 703-623-7626 or email me

Mid Week Update 12/11/10 - 12/15/10

I wanted to provide a mid week update for South Riding. There are currently 58 active listings, NO new listings. NO homes received a contract. NO homes sold and went to record. I will provide a more details in next week's Weekly Update.







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 11, 2010

Rentals December 11, 2010

Chantilly VA Zipcode 20152 (Loudoun County)

Chantilly VA Zipcode 20151 (Fairfax County)

If you would like to see any of the above properties, give me a call at 703-623-7626 or email me

Weekly Update 12/4/10 -12/10/10

INTRODUCTION

As of today, there are 56 active listings in MLS and 28 homes which went under contract in the past 30 days. This gives us a current absorption rate of 2.0, which is lower than last week's rate of 2.3. The number of distressed sales out of the total actives and the breakdown is as follows:

Disclosed Potential Short Sale Condos: 1
Disclosed Potential Short Sale Town Homes: 6
Disclosed Potential Short Sale Detached Homes: 6
Disclosed Potential Short Sales: 13
Percent of Short Sales: 23.2%


Bank Owned Condos: 2
Bank Owned Town Homes: 0
Bank Owned Detached Homes: 2
Total Bank Owned: 4
Percent of Bank Owned: 7.1%

Total Distressed Sales: 17
Percent of Total Distressed Sales: 30.4%

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

NEW LISTINGS

According to MLS there was 1 home new to mls for the week of 12/4/10 -12/10/10. This is 6 less than the previous week.  0 are distressed sales.

Town Homes:42802 CEDAR HEDGE ST,  LP: $359,000 DOMM/DOMP: 6/6

UNDER CONTRACT

According to MLS, there were 5 homes which went under contract during this period, the same as the previous week.

Town Homes:
43642 SCARLET SQ, LP: $299,900 Status: CNTG/NO KO DOMM/DOMP: 61/61
25252 LYON TER, LP: $349,900 Status: CNTG/NO KO DOMM/DOMP: 11/11 (short sale)
25517 BERESFORD DR, LP: $439,900 Status: CNTG/NO KO DOMM/DOMP: 13/13

Detached Homes:43224 GOLF VIEW DR, LP: $449,900 Status: CNTG/NO KO DOMM/DOMP: 40/40 (short sale)

43066 OLIVE TREE LN, LP: $490,000 Status: CNTG/NO KO DOMM/DOMP: 3/5 (short sale)


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 5 homes is 26 days or about .9 months. This is under the current absorption rate for South Riding 2.0 mentioned in the introduction.

SOLD

Acording to MLS there were 3 homes sold and went to record for the week of 12/4/10 -12/10/10. 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

25151 MCBRYDE TER #45A, $279,900, $280,000 - $6,500 = $273,500, 97.7% 41/41 (short sale)

Town Homes:

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

25254 WHIPPOORWILL TER, $350,000, $361,000 - $12,000 = $349,000, 99.7%, 10/10 (bank owned)
25266 LYON TER, $389,990, $384,990- $0 = $384,990, 98.7%, 79/79


Average Net %: 98.7%
Average DOMM / DOMP: 43/43

SUMMARY

The current inventory level for South Riding decreased to 56 active listings. With 1 new listing and 5 homes which went under contract last week, receiving contracts with an average 26 days on the market. 3 homes sold and went to record last week with an average net of 98.7% and 43 days on the market. Looking back over the past 5 weeks of sold homes the average net to list price has been 98.7%, 97.2%, 97.3%, 96%, and 97.4%  for an average of 97.3% over the last 5 weeks.




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

Mid Week Update 12/4/10 - 12/8/10

I wanted to provide a mid week update for South Riding. There are currently 61 active listings, 2 new listings, a traditional sale town home and a bank owned detached home. 4 homes received a contract; 1 short sale town home, 1 traditional sale town homw, and 2 short sale detached homes. 1 home sold and went to record, a traditional sale town home. I will provide a more details in next week's Weekly Update.





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.

Weekly Update 11/27/10 -12/3/10

INTRODUCTION

As of today, there are 66 active listings in MLS and 29 homes which went under contract in the past 30 days. This gives us a current absorption rate of 2.3, which is higher than last week's rate of 1.8. The number of distressed sales out of the total actives and the breakdown is as follows:

Disclosed Potential Short Sale Condos: 1
Disclosed Potential Short Sale Town Homes: 8
Disclosed Potential Short Sale Detached Homes: 9
Disclosed Potential Short Sales: 18
Percent of Short Sales: 27.3%

Bank Owned Condos: 2
Bank Owned Town Homes: 0
Bank Owned Detached Homes: 1
Total Bank Owned: 3
Percent of Bank Owned: 4.5%

Total Distressed Sales: 21
Percent of Total Distressed Sales: 31.8%

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

NEW LISTINGS

According to MLS there were 7 homes new to mls for the week of 11/27/10 -12/3/10. This is 1 more than the previous week. 5 are distressed sales.

Condos:
25252 RIFFLEFORD SQ #205, LP: $192,000 DOMM/DOMP: 0/0 (bank owned)

Town Homes:
25535 BERESFORD DR, LP: $335,000 DOMM/DOMP: 6/6 (short sale)
43727 SCARLET SQ, LP: $349,900 DOMM/DOMP: 3/3
25370 WHIPPOORWILL TER, LP: $382,418 DOMM/DOMP: 6/6 (short sale)


Detached Homes:
43066 OLIVE TREE LN, LP: $490,000 DOMM/DOMP: 0/2 (short sale)
25784 FLYAWAY CT, LP: $669,900  DOMM/DOMP: 2/2 (bank owned)
43248 VALIANT DR, LP: $739,950 DOMM/DOMP: 0/0

UNDER CONTRACT

According to MLS, there were 5 homes which went under contract during this period, the same as the previous week.

Town Homes:
42841 MCCOMAS TER,  LP: $274,900 Status: CNTG/NO KO DOMM/DOMP: 62/62 (short sale)


Detached Homes:
43441 QUENTIN ST,  LP: $429,900 Status: CNTG/NO KO DOMM/DOMP: 63/63
26185 IVERSON DR,  LP: $475,000 Status: CNTG/NO KO DOMM/DOMP: 8/8 (short sale)
43453 ORSON ST, LP: $499,999 Status: CNTG/NO KO DOMM/DOMP: 25/25 (short sale)
25971 KREBS LN, LP: $525,000 Status: CNTG/KO DOMM/DOMP: 58/58

This is 3 more distressed sales going to under contract status this past than in the previous week. The average days on the market for the 5 homes is 43 days or about 1.5 months. This is under the current absorption rate for South Riding 2.3 mentioned in the introduction.

SOLD

Acording to MLS there were 5 homes sold and went to record for the week of 11/27/10 -12/3/10. Sometimes closings get delayed or the listing agent forgets to update the status in a timely matter.

Town Homes:

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

25543 GWYNNETH SQ,  $312,500, $305,000 - $0 = $305,000, 97.6%, 115/115
42681 SANDMAN TER, $399,900, $390,000 - $11,700 = $378,300, 94.6%, 56/56

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

26126 MURREY DR, $539,900, $540,000 - 0 = $540,000, 100%, 7/7
43075 HOLLY TREE LN, $549,900,  $540,000 - $12,000, $528,000, 96%, 128/128
43292 VALIANT DR, $650,000, $650,000 - $15,000 = $635,000, 97.7%, 59/111

Average Net %: 97.2%

Average DOMM / DOMP: 73/83

SUMMARY

The current inventory level for South Riding remained at 66 active listings. With 7 new listings and 5 homes which went under contract last week, receiving contracts with an average 43 days on the market. 5 homes sold and went to record last week with an average net of 97.2% and 83 days on the market. Looking back over the past 5 weeks of sold homes the average net to list price has been 97.2%, 97.3%, 96%, 97.4%, and 96.7% for an average of 96.9% over the last 5 weeks.








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

Mid Week Update 11/27/10 - 12/1/10

I wanted to provide a mid week update for South Riding. There are currently 67 active listings, 3 new listings, a traditional sale town home and 2 short sale town homes. No homes received a contract. 1 home sold and went to record,  a traditional sale town home. I will provide a more details in next week's Weekly Update.



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.