INTRODUCTION
As of today, there are 50 active listings in MLS and 33 homes which went under contract in the past 30 days. This gives us a current absorption rate of 1.5 which is lower 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: 4
Disclosed Potential Short Sale Detached Homes: 3
Disclosed Potential Short Sales: 8
Percent of Short Sales: 16%
Bank Owned Condos: 0
Bank Owned Town Homes: 1
Bank Owned Detached Homes: 1
Total Bank Owned: 2
Percent of Bank Owned: 4%
Total Distressed Sales: 10
Percent of Total Distressed Sales: 20%
Contact me if you would like additional information on any of these South Riding Homes for Sale
NEW LISTINGS
According to MLS there was 3 homes new to mls for the week of 1/28/11 - 2/3/12. This is 4 less than last week.
Town Homes:
25468 ELK LICK RD, LP: $325,000 DOMM/DOMP: 4/4
43442 INTERVAL ST, LP: $349,900 DOMM/DOMP: 1/1
25580 UPPER CLUBHOUSE DR, LP: $509,900 DOMM/DOMP: 1/1
UNDER CONTRACT According to MLS, there were 7 homes which went under contract during this period, the same amount as the previous week. Condos: 25135 MCBRYDE TER #48F, Status: CNTG/NO KO LP: $259,900 DOMM/DOMP: 7/7 Town Homes: SOLD Acording to MLS there were 7 homes sold and went to record for the week of 1/28/11 - 2/3/12. 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 25308 SHIPLEY TER #31H, $299,990, $292,500 - $5,749 = $286,751, 95.6%, 28/28 Town Homes: Address, List Price, Sold Price - Seller Subsidy = Net Sold Price, % of asking price, DOMM/DOMP 25257 NESTING SQ, $360,000, $357,500 - $5,000 = $352,500, 97.9%, 50/198 (bank owned) 25934 PRIESTERS POND DR, $389,900, $375,000 - $7,500 = $367,500, 94.3% 18/18 Detached Homes: Address, List Price, Sold Price - Seller Subsidy = Net Sold Price, % of asking price, DOMM/DOMP 26129 TALAMORE DR, $585,000, $575,000 - $0 = $575,000 98.3% 98.3%, 60/171 25749 CELBRIDGE WAY, $605,000, $605,000 - $0 = $605,000, 100%, 6/37 (short sale) 26120 TALAMORE DR, $639,000, $620,000 - $0 = $620,000, 97.0% 87/87 42611 SUNY BAY CT, $739,000, $739,000 -$0 = $739,000, 100%, 242/242 Average Net %: 97.6% Average DOMM / DOMP: 70/112 SUMMARY The current inventory level for South Riding increased to 50 active listings. With 3 new listings and 7 homes which went under contract last week last week with average days on the market of 51. 7 homes sold and went to record with an average days on the market of 112 and average net to list price percent of 97.6%. Looking back over the past 5 weeks which had sold homes the average net to list price has been 97.6%, 98.3%,97.8%, 95.5%, and 98.3% 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 | ||||||
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