Stone Ridge Weekly Update 7/28/08 to 8/04/08

INTRODUCTION
As of today, August 4, 2008, there are 21 active listings in MLS and 2 homes that went under contract in the past 30 days. This gives us a current absorption rate of 10.5, which is higher than last week's rate of 10.0.


NEW LISTINGS
According to MLS, there was 1 home which is new on the market this week, the same amount as last week.

Detached Homes
Beazer - Chelsea, 24778 Prairie Grass Dr DOM 4


UNDER CONTRACT
According to MLS, there were no homes that went under contract during this period, 1 less than last week.


SOLD

According to MLS, there were 1 home sold and went to record the period of 7/28/08 to 8/04/08. Sometimes closings get delayed or the listing agent forgets to update the status in a timely matter.

Town Homes
Builder - Model, Address, List Price, Sold Price - Seller Subsidy = Net Sold Price, % of asking price, DOMM/DOMP
Centex - Fairview, 42131 Fremont Preserve Sq, $359,900, $366,000 - $18,300 = $347,700, 96.6%, 60/60


SUMMARY
Last week the Senate Passes Housing Rescue Bill which been signed into Law by President Bush, here is an interesting article from last weeks New York Times which talks about many of the benefits to first time home buyers, long time home owners, as well as those who may begin to have trouble with their current mortgage. If you are looking to buy or sell your home in Stone Ridge feel free to contact me.


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.