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Stone Ridge, VA Real Estate News

By Kathy O'Neal, A great experience & a happy end result.
(The Kathy O'Neal Team - RE/MAX Executives)
Are you using the Internet to find a real estate agent in the Northern Virginia area? If the answer is "Yes," this post is just for you. Here are easy to apply criteria to help you make a great choice. If you already have someone that you know, trust, and respect, you're in good shape.  But if you are like many real estate consumers, you begin your search using the Internet and eventually make a choice.  I'd like to offer you some help on how to make an exceptionally good choice. So here goes. Based on 20 years of working in the residential real estate business, here is my take on what an informed consumer should know before selecting an agent with whom they will work. Two things to mention before I give you the first "sign post" on the road to a great agent choice. First, don't base yo...
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By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
INTRODUCTION As of November 10, 2008, there are 34 active listings in MLS and 5 homes that went under contract in the past 30 days. This gives us a current absorption rate of 6.8 which is the same as last week's rate of 6.8. Of the 34 active listings, 9 are new homes from the builder(4 town homes, and 5 detached homes), 11 are traditional re sales the remainder are distressed sales which break down as follows: Short Sale Condos: 1 Short Sale Town Homes: 3 Short Sale Detached Homes: 5 Total Short Sales: 9 Percent of Short Sales: 26.5% Bank Owned Condos: 2 Bank Owned Town Homes: 2 Bank Owned Detached Homes: 1 Total Bank Owned: 5 Percent of Bank Owned: 14.7% Total Non-Traditional Sales: 14 Percent of Total Non-Traditional Sales: 41.2% Contact me if you would like additional information on ...
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By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
INTRODUCTION  As of October 13, 2008, there are 34 active listings in MLS and 5 homes that went under contract in the past 30 days. This gives us a current absorption rate of 6.8 which is higher than last week's rate of 3.9. Of the 34 active listings, 11 are new homes from the builder(2 condos, 4 town homes, and 5 detached homes), 11 are traditional re sales the remainder are distressed sales which break down as follows: Short Sale Condos: 1 Short Sale Town Homes: 3 Short Sale Detached Homes: 3 Total Short Sales: 7 Percent of Short Sales: 20.6% Bank Owned Condos: 1 Bank Owned Town Homes: 2 Bank Owned Detached Homes: 2 Total Bank Owned: 5 Percent of Bank Owned: 14.7%   Total Non-Traditional Sales: 12 Percent of Total Non-Traditional Sales: 35.3%     NEW LISTINGS According to MLS, there a...
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By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
INTRODUCTION  As of October 13, 2008, there are 31 active listings in MLS and 8 homes that went under contract in the past 30 days. This gives us a current absorption rate of 3.9 which is lower than last week's rate of 7. Of the 31 active listings, 11 are new homes from the builder(2 condos, 4 town homes, and 5 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: 3 Short Sale Detached Homes: 4 Total Short Sales: 9 Percent of Short Sales: 29% Bank Owned Condos: 1 Bank Owned Town Homes: 3 Bank Owned Detached Homes: 1 Total Bank Owned: 5 Percent of Bank Owned: 16% Total Non-Traditional Sales: 14 Percent of Total Non-Traditional Sales: 45% NEW LISTINGS According to MLS, there are 5 new listing...
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By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
INTRODUCTION As of October 13, 2008, there are 28 active listings in MLS and 4 homes that went under contract in the past 30 days. This gives us a current absorption rate of 7 which is lower than last week's rate of 9.7. Of the , 11 are new homes from the builder(2 condos, 4 town homes, and 5 detached homes), 9 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: 3                                                                                                     To...
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By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
INTRODUCTIONI hope everyone enjoyed the Columbus Day Holiday, and took some extra time to do the things which are important to you.As of October 13, 2008, there are 29 active listings in MLS and 3 homes that went under contract in the past 30 days. This gives us a current absorption rate of 9.7. which is the same as last week's rate of 9.7. Of the 29 active listings, 10 are new homes from the builder(2 condos, 4 town homes, and 4 detached homes), 11 are traditional re sales the remainder are distressed sales which break down as follows:Short Sale Condos: 1Short Sale Town Homes: 1Short Sale Detached Homes: 3Total Short Sales: 5Percent of Short Sales: 17.2%Bank Owned Condos: 1Bank Owned Town Homes: 0Bank Owned Detached Homes: 2Total Bank Owned: 3Percent of Bank Owned: 10.3%Total Non-Tradi...
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By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
Introduction Welcome to the Q3 resale summary for Stone Ridge. I will continue to post Weekly Updates by end of the day Tuesday 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.Quick Summary  Number of Homes Sold in 2007 Q3: 10 Number of Homes Sold in 2008 Q3: 15 Change: 50% increase Average List Price in 2007 Q3: $443,796.10  Average List Price in 2008 Q3: $402,242.00 Change: 9.3% decrease Average Net Price (Sold Price - Subsidy) in 2007 Q3: $435,677.40 Average Net Price (Sold...
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By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
INTRODUCTIONAs of October 6, 2008, there are 29 active listings in MLS and 3 homes that went under contract in the past 30 days. This gives us a current absorption rate of 9.7. which is higher than last week's rate of 6.8. Of the 29 active listings, 10 are new homes from the builder(2 condos, 4 town homes, and 4 detached homes), 11 are traditional sales the remainder are distressed sales which break down as follows:Short Sale Condos: 1Short Sale Town Homes: 2Short Sale Detached Homes: 2Total Short Sales: 5Percent of Short Sales: 17.2%Bank Owned Condos: 1Bank Owned Town Homes: 0Bank Owned Detached Homes: 2Total Bank Owned: 3Percent of Bank Owned: 10.3% Total Non-Traditional Sales: 8Percent of Total Non-Traditional Sales: 27.6%NEW LISTINGSAccording to MLS, there are 2 new listings new to ...
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By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
INTRODUCTIONAs of September 29, 2008, there are 27 active listings in MLS and 4 homes that went under contract in the past 30 days. This gives us a current absorption rate of 6.8. which is higher than last week's rate of 5.0. Of the 27 active listings, 10 are new homes from the builder(2 condos, 4 town homes, and 4 detached homes), 10 are traditional sales the remainder are distressed sales which break down as follows:Short Sale Condos: 1Short Sale Town Homes: 2Short Sale Detached Homes: 2Total Short Sales: 5Percent of Short Sales: 18.5%Bank Owned Condos:Bank Owned Town Homes: 1Bank Owned Detached Homes: 1Total Bank Owned: 2Percent of Bank Owned: 7%Total Non-Traditional Sales: 7Percent of Total Non-Traditional Sales: 25.9%NEW LISTINGSAccording to MLS, there are 2 new listings new to the...
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By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
INTRODUCTIONAs of September 22, 2008, there are 25 active listings in MLS and 5 homes that went under contract in the past 30 days. This gives us a current absorption rate of 8.3 which is lower than last week's rate of 5.0. Of the 25 active listings, 10 are new homes from the builder(2 condos, 4 town homes, and 4 detached homes), 9 are traditional sales the remainder are distressed sales which break down as follows: Short Sale Condos: 1 Short Sale Town Homes: 2 Short Sale Detached Homes: 2 Total Short Sales: 5 Percent of Short Sales: 20% Bank Owned Condos: Bank Owned Town Homes: 1 Bank Owned Detached Homes: 0 Total Bank Owned: 1 Percent of Bank Owned: 4% Total Non-Traditional Sales: 6 Percent of Total Non-Traditional Sales: 24%   NEW LISTINGS According to MLS, there are 2 new listings n...
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By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
INTRODUCTIONAs of September 15, 2008, there are 25 active listings in MLS and 5 homes that went under contract in the past 30 days. This gives us a current absorption rate of 5.0 which is lower than last week's rate of 3.1. Of the 22 active listings, 11 are new homes from the builder(3 condos, 4 town homes, and 4 detached homes), 9 are traditional sales the remainder are distressed sales which break down as follows:Short Sale Condos: 1Short Sale Town Homes: 2Short sale Detached Homes: Total Short Sales: 3Percent of Short Sales: 12%Bank Owned Condos: Bank Owned Town Homes: 1 Bank Owned Detached Homes: 1 * it is a corporate relo Total Bank Owned: 2Percent of Bank Owned: 8%Total Non-Traditional Sales: 5Percent of Total Non-Traditional Sales: 20%NEW LISTINGSAccording to MLS, there are 2 new...
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By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
INTRODUCTIONAs of September 8, 2008, there are 22 active listings in MLS and 7 homes that went under contract in the past 30 days. This gives us a current absorption rate of 3.1 which is lower than last week's rate of 5.0. Of the 22 active listings, 11 are new homes from the builder(3 condos, 4 town homes, and 4 detached homes), 8 are traditional sales the remainder are distressed sales which break down as follows:Short Sale Condos: 1Short Sale Town Homes: 1Short sale Detached Homes: Total Short Sales: 2Percent of Short Sales: 9.1%Bank Owned Condos: 1Bank Owned Town Homes: 0 Bank Owned Detached Homes: 0Total Bank Owned: 1Percent of Bank Owned: 4.5%Total Non-Traditional Sales: 3Percent of Total Non-Traditional Sales: 13.6% NEW LISTINGSAccording to MLS, there are no new listings new to th...
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By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
Happy Labor Day! I hope you are enjoying the long weekend. INTRODUCTIONAs of September 1, 2008, there are 25 active listings in MLS and 5 homes that went under contract in the past 30 days. This gives us a current absorption rate of 5.0 which is lower than last week's rate of 11.5. Of the 25 active listings, 11 are new homes from the builder(3 condos, 4 town homes, and 4 detached homes), 9 are traditional sales the remainder are distressed sales which break down as follows:Short Sale Condos: 1Short Sale Town Homes: 1Short sale Detached Homes: 1Total Short Sales: 3Percent of Short Sales: 12%Bank Owned Condos: 0Bank Owned Town Homes: 2 (1 looks like a relocation not a foreclosure but still not a traditional sale)Bank Owned Detached Homes: 0Total Bank Owned: 2Percent of Bank Owned: 8%Total...
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By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
INTRODUCTION As of August 18, 2008, there are 23 active listings in MLS and 2 homes that went under contract in the past 30 days. This gives us a current absorption rate of 11.5 which is higher than last week's rate of 4.1. Of the 23 active listings, 11 are new homes from the builder(3 condos, 3 town homes, and 5 detached homes), 7 are traditional sales the remainder are distressed sales which break down as follows:Short Sale Condos: 1Short Sale Town Homes: 1Short sale Detached Homes: 0Total Short Sales: 2Percent of Short Sales: 8.7%Bank Owned Condos: 1Bank Owned Town Homes: 1 looks like a relocation not a foreclosure but still not a traditional saleBank Owned Detached Homes: 0Total Bank Owned: 2Percent of Bank Owned: 8.7%Total Non-Traditional Sales: 4Percent of Total Non-Traditional Sa...
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By Kathy O'Neal, A great experience & a happy end result.
(The Kathy O'Neal Team - RE/MAX Executives)
If you live in Stone Ridge or South Riding, or one of the local communities, and want to have a more creative and memorable dining experience, please read on. You are probably familiar with how scenic the ride on Route 50 can be after you get past Gilbert's Corner.  But if you have not ventured very far along this road, you may not have reached Upperville.  It is not that far past historic Middleburg, but it is small enough to breeze right through without much notice. Shortly after you pass the Upperville Village sign, you will notice the Hunter's Head Tavern. The Hunter's Head is a teriffic spot as either a destination, or a stop along a short Route 50 road trip..  You can get the historical synopsis of the building, as well as other information about the philosophy and approach of Hun...
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By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
INTRODUCTIONAs of August 18, 2008, there are 22 active listings in MLS and 4 homes that went under contract in the past 30 days. This gives us a current absorption rate of 4.1, which is lower than last week's rate of 8. Of the 22 active listings, 10 are new homes from the builder(3 condos, 2 town homes, and 5 detached homes), 1 is a short sale - a condo, 2 are re locations (1 town home, 1 detached home) 9 are traditional sales.NEW LISTINGSAccording to MLS, there was 1 home which is new on the market this week, 2 less than last week.Detached Homes24983 Halite Dr $760,000 DOM 7UNDER CONTRACTAccording to MLS, there was 1 home which went under contract during this period, the same amount as last week.Detached HomesCentex - Radcliff, 42049 Bear Tooth Dr List Price $457,900 DOM 6 (foreclosure...
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By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
INTRODUCTIONAs of today, August 11, 2008, there are 24 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, which is lower than last week's rate of 10.5.NEW LISTINGSAccording to MLS, there was 3 homes which are new on the market this week, 2 more than last week.Town HomesCentex - Trenton, 24712 Kings Canyon Sq DOM 2Beazer - Chadwicke, 24645 Kings Canyon Sq DOM 3Detached HomesCentex - Radcliff, 42049 Bear Tooth Dr DOM 4 (foreclosure)UNDER CONTRACTAccording to MLS, there was 1 home which went under contract during this period, 1 more than last week.Town HomesVan Metre - Mosby w/ Bump outs, 24672 Nettle Mill Sq DOM 5 (foreclosure)SOLDAccording to MLS, there were no homes sold and went to record the period of 8/04/08 ...
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By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
INTRODUCTIONAs 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 LISTINGSAccording to MLS, there was 1 home which is new on the market this week, the same amount as last week.Detached HomesBeazer - Chelsea, 24778 Prairie Grass Dr DOM 4UNDER CONTRACTAccording to MLS, there were no homes that went under contract during this period, 1 less than last week.SOLDAccording 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 HomesBuilder - Model, Address, List Price, Sold Price - Seller Subsidy ...
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By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
INTRODUCTIONAs of today, July 14, 2008, there are 23 active listings in MLS and 4 homes that went under contract in the past 30 days. This gives us a current absorption rate of 5.8, which is lower than last week's rate of 6.0.NEW LISTINGSAccording to MLS, there were 3 new listings during the period of 7/7/08 to 7/14/08 . 2 are town homes and 1 is a detached home. 2 are distressed sales:24700 Kings Canyon Sq town home (foreclosure)41761 Cordgrass Cir detached home (short sale)This is 3 more homes that came on to the market last week and 2 more distressed sales.Contact me if you would like to see any of these homes in Stone Ridge.UNDER CONTRACTAccording to MLS, there was 1 home that went under contract during this period, 1 more than last week. It is a town home, and is a foreclosure. It...
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By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
INTRODUCTION As of today, June 30, 2008, there are 21 active listings in MLS and 4 homes that went under contract in the past 30 days. This gives us a current absorption rate of 6.0, which is higher than last week's rate of 5.5.   NEW LISTINGS According to MLS, there were no new listngs for the period of 6/30/08 to 7/06/08.   UNDER CONTRACT According to MLS, there were no homes receiving contracts for the period of 6/30/08 to 7/06/08.   SOLD According to MLS, there were no homes sold and went to record the period of 6/30/08 to 7/06/08. Sometimes closings get delayed or the listing agent forgets to update the status in a timely matter.    SUMMARY   As I expected, not a lot of activity to report this past week, however keep in mind not all new homes from the builder are reported in the ML...
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