Stone Ridge Weekly Update 1/19/2009-1/26/2009 - 01/26/09 03:35 PM
INTRODUCTION
As of today, there are 25 active listings in MLS and 3 homes that went under contract in the past 30 days. This gives us a current absorption rate of 8.3 which is higher than last week's rate of 26. Of the 25 active listings, 10 are new homes from the builder(5 town homes, and 5 detached homes),3 are traditional re sales the remainder are distressed sales which break down as follows:
Short Sale Condos: 2
Short Sale Town Homes: 3
Short Sale Detached Homes: 6
Total Short Sales: 11
Percent of Short Sales: 44%
Bank Owned Condos: 0
Bank … (0 comments)

South Riding Weekly Update 1/19/2009-1/26/2009 - 01/26/09 02:55 PM
INTRODUCTION
As of today, there are 50 active listings in MLS and 13 homes that went under contract in the past 30 days. This gives us a current absorption rate of 3.9, which is higher than last week's rate of 3.1. The number of distressed sales out of the total actives and the breakdown is as follows:
Short Sale Condos: 0
Short Sale Town Homes: 11
Short Sale Detached Homes:11
Total Short Sales: 22
Percent of Short Sales: 44%
Bank Owned Condos: 0
Bank Owned Town Homes: 3
Bank Owned Detached Homes: 6
Total Bank Owned: 9
Percent of Bank Owned: … (0 comments)

Stone Ridge Weekly Update 1/12/2009-1/18/2009 - 01/19/09 02:37 PM
INTRODUCTION
As of today, there are 26 active listings in MLS and 1 homes that went under contract in the past 30 days. This gives us a current absorption rate of 26 which is higher than last week's rate of 8.3. Of the 26 active listings, 9 are new homes from the builder(5 town homes, and 4 detached homes),6 are traditional re sales the remainder are distressed sales which break down as follows:
Short Sale Condos: 2
Short Sale Town Homes: 2
Short Sale Detached Homes: 6
Total Short Sales: 10
Percent of Short Sales: 38.5%
Bank Owned Condos: 0
Bank … (0 comments)

South Riding Weekly Update 1/12/2009-1/18/2009 - 01/19/09 02:05 PM
INTRODUCTION
As of today, there are 44 active listings in MLS and 14 homes that went under contract in the past 30 days. This gives us a current absorption rate of 3.1, which is higher than last week's rate of 2.9. The number of distressed sales out of the total actives and the breakdown is as follows:
Short Sale Condos: 0
Short Sale Town Homes: 8
Short Sale Detached Homes:10
Total Short Sales: 18
Percent of Short Sales: 40.9%
Bank Owned Condos: 0
Bank Owned Town Homes: 3
Bank Owned Detached Homes: 5
Total Bank Owned: 8
Percent of Bank Owned: … (0 comments)

Stone Ridge 2008 Year in Review - 01/16/09 02:22 PM
Introduction
Welcome to Stone Ridge 2008 year in Review. I will continue to post Weekly Updates by end of the day Monday which will feature the newly active homes from the previous week, homes going under contract from the previous week, as well as sold homes which went to record the previous week for Stone Ridge. You can also link from my website as well. I hope you find this blog useful in helping you understand what the market is doing. Feel free to email me with any questions. I am also including links to the Quartely Reviews for Stone Ridge.
… (0 comments)

South Riding 2008 Year in Review - 01/16/09 10:57 AM
Introduction
Welcome to South Riding 2008 year in Review. The data being used is for resales, ie no new construction sales from the builder was used in my calculations, additionally not all For Sale By Owner data is entered into mls. My goal is to make the real estate data relevant to the award winning community we live in. I will continue to post Weekly Updates by end of the day Monday which will feature the newly active homes from the previous week, homes going under contract from the previous week, as well as sold homes which went to record the … (0 comments)

Stone Ridge Weekly Update 1/5/2008-1/12/2009 - 01/12/09 03:07 PM
INTRODUCTION
As of today, there are 25 active listings in MLS and 3 homes that went under contract in the past 30 days. This gives us a current absorption rate of 8.3 which is higher than last week's rate of 3.8. Of the 25 active listings, 9 are new homes from the builder(5 town homes, and 4 detached homes),6 are traditional re sales the remainder are distressed sales which break down as follows:
Short Sale Condos: 1
Short Sale Town Homes: 2
Short Sale Detached Homes: 6
Total Short Sales: 9
Percent of Short Sales: 36%
Bank Owned Condos: 0
Bank … (0 comments)

South Riding Weekly Update 1/5/2009-1/12/2009 - 01/12/09 02:22 PM
INTRODUCTION
As of today, there are 46 active listings in MLS and 16 homes that went under contract in the past 30 days. This gives us a current absorption rate of 2.9, 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:
Short Sale Condos: 0
Short Sale Town Homes: 9
Short Sale Detached Homes:13
Total Short Sales: 22
Percent of Short Sales: 47.8%
Bank Owned Condos: 0
Bank Owned Town Homes: 3
Bank Owned Detached Homes: 5
Total Bank Owned: 8
Percent of Bank Owned: … (0 comments)

2009 Lending Changes - 01/07/09 07:49 AM
I wanted to pass on some of the changes I am hearing in the Home Lending Industry from some of the lenders I work with. These changes began January 1, 2009.FHA Down payment is now 3.5% for purchases only, refinances are still allowed to 97.75%.New Loan Limits are $625,500 for FHA.LENDERS now order the appraisal on Conventional loans.Max Loan to Value for loans over $417,000 is 90% unless using FHA.Investment property requires a minimum of a 15% down payment.If you need me to refer you a lender please contact me.
… (0 comments)

Stone Ridge 2008 Q4 Summary - 01/07/09 07:49 AM
IntroductionWelcome to the Q4 resale summary for Stone Ridge. I will continue to post Weekly Updates by end of the day Monday which will feature the newly active homes from the previous week, homes going under contract from the previous week, as well as sold homes which went to record the previous week for Stone Ridge. You can also link from my website as well. I hope you find this blog useful in helping you understand what the market is doing. Feel free to email me with any questions.To see Q2 Summary click here. To see Q3 Summary click here.Quick SummaryNumber … (0 comments)

South Riding 2008 Q4 Summary - 01/07/09 07:47 AM
IntroductionWelcome to the Q4 sales summary for South Riding. The data being used is for resales, ie no new construction sales from the builder was used in my calculations, additionally not all For Sale By Owner data is entered into mls. My goal is to make the real estate data relevant to the award winning community we live in. I will continue to post Weekly Updates by end of the day Monday which will feature the newly active homes from the previous week, homes going under contract from the previous week, as well as sold homes which went to record the … (0 comments)

Stone Ridge Weekly Update 12/29/2008-1/5/2009 - 01/05/09 05:03 PM
INTRODUCTION
As of today, there are 19 active listings in MLS and 5 homes that went under contract in the past 30 days. This gives us a current absorption rate of 3.8 which is higher than last week's rate of 6.5. Of the 19 active listings, 4 are new homes from the builder(3 town homes, and 1 detached homes),5 are traditional re sales the remainder are distressed sales which break down as follows:
Short Sale Condos: 1
Short Sale Town Homes: 2
Short Sale Detached Homes: 6
Total Short Sales: 9
Percent of Short Sales: 47.4%
Bank Owned Condos: 0
Bank … (0 comments)

South Riding Weekly Update 12/29/2008-1/5/2009 - 01/05/09 04:25 PM
INTRODUCTION
As of today, there are 43 active listings in MLS and 18 homes that went under contract in the past 30 days. This gives us a current absorption rate of 2.4, which is lower than last week's rate of 2.9. The number of distressed sales out of the total actives and the breakdown is as follows:
Short Sale Condos: 0
Short Sale Town Homes: 9
Short Sale Detached Homes:10
Total Short Sales: 19
Percent of Short Sales: 44.2%
Bank Owned Condos: 0
Bank Owned Town Homes: 4
Bank Owned Detached Homes: 5
Total Bank Owned: 9
Percent of Bank Owned: … (0 comments)