Weekly Report 7/28/2009-8/4/2009

STONE RIDGE HOMES SALES WEEKLY REPORT 7/28/09-8/4/09
Relevant Real Estate Information for the Stone Ridge Community.

INTRODUCTION

We had 1 new rental listing come onto the market, 1 home previously under contract come back onto the market, 2 homes go under contract, and 1 home that sold this week.

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As of today (August 4, 2009 2pm) there are 17 active homes in Stone Ridge, 15 homes that are currently under contract, and 8 homes that have sold in the last 30 days.

Here's the breakdown of all active listings in MLS:

Townhomes- 10 active

2 regular sales, 2 new home, 6 rentals

Single Family Homes - 7 active 1 regular sale, 5 new homes, 1 short sale

NEW LISTINGS

According to MLS, there is 1 new rental listing this week.

UNDER CONTRACT

According to MLS, there are 9 single family homes and 6 townhomes under contract.

Single Family Homes

TOWN HOMES

I will have the final numbers for these once they close

SOLD

We had 1 home sell this week!
41900 Cinnabar Sq- 3bd/4ba (74 DOMP)

Asking Price: $349,000

Sales Price: $335,000

Seller Subsidy: $10,000

According to MLS, 8 homes have sold in the last 30 days .

24719 Kings Canyon Sq – 3bd/4ba (83 DOMP) Short Sale

Asking Price - $306,000

Sales Price - $310,000

Seller Subsidy - $7,000

24622 Nettle Mill Sq - 3bd/4ba (55 DOMP)

Regular Sale Asking Price -$380,00

Sales Price - $370,000

Seller Subsidy - $0

24679 Buttonbush Ter -3bd/3ba (16 DOMP) Short Sale

Asking Price - $250,000

Sales Price - $256,000

Seller Subsidy - $6,000

24667 Kings Canyon Sq- 3bd/3ba (13 DOMP) Foreclosure

Asking Price - $306,185

Sales Price - $330,000

Seller Subsidy - $0

24757 Carbonate Ter - 4bd/4ba (7 DOMP) Foreclosure

Asking Price - $365,000

Sales Price - $372,000

Seller Subsidy - $0

24704 Kings Canyon Sq - 3bd/4ba (3 DOMP) Regular Sale

Asking Price - $339,990

Sales Price - $355,000 Seller Subsidy - $0

41938 Cinnabar Sq- 3bd/ 4ba (2 DOMP)

Regular Sale Asking Price - $371,000

Sales Price - $360,000

Seller Subsidy - $0

EXPIRED or WITHDRAWN

There has been 5 listings that have been taken off the market in the last 30 days.

RENTALS

There are currently 6 townhomes for rent.

3 townhomes have been rented out in the past month.

If you need any help finding a rental or listing your condo for rent, please contact us.

We will take care of all the work for you and do background checks on the applicants to make sure they are qualified. We are also a full licensed Property Management Group.

OBSERVATIONS

Inventory levels are still very low. Home that are priced well and in good condition are selling extremely fast which is great if someone definitely needs to move.
There are quite a bit of short sales in the neighborhood. A short sale is when someone owes more than what the home is worth. Many times the homeowner is late on payments, could possibly be late on payments, or has to move due to relocation. Many of the short sales have been negotiated successfully. You put the home for the current market value and then negotiate with the bank to accept a lower amount. We actually have been able to get a lot of short sales through and help many homeowners. If you are in one of these situations please give us a call at 703-297-4251 or email us at sarah@rtrsells.com We would be honored to help you!
If you are thinking about selling or buying in Stone Ridge please give us a call at 703-297-4251 or email us at sarah@rtrsells.com Thanks for taking the time to read the blog this week!
Keep checking back each week for more insight to what is going on at Stone Ridge!

Disclaimer: Information was gathered from the MLS and is deemed reliable but not guaranteed.