Georgian Colonies - Silver Spring Md - Current market Report Jan 2008

3 Bedroom Townhouses

There is only one 3 Bedroom Townhouse on the market FOR SALE at the time of this report (2/6/2008) in the Georgian Colonies subdivision in Silver Spring Maryland. The current list price of this home is $299,999 and has been on the market for just over 6 months (125 days).

There is no 3 Bedroom Townhouses in this community currently under contract.

Only one 3 Bedroom Townhouse has closed since November 1, 2007. This home was on the market for just over 4 months (121 days). The settled price was $259,875.

4 Bedroom Townhouses

There are fourteen 4 Bedroom Townhouses on the market FOR SALE at the time of this report (2/6/2008) in the Georgian Colonies subdivision in Silver Spring Maryland. The current list prices of these homes range from $309,900 to $416,900, with the average being $365,743. While one has just recently come on the market (11 days) the longest has been on the market for over a year and a half (555 days), the average time being just over 5 months (159 days).

There are three 4 Bedroom Townhouses currently under contract in this community, there current list prices range for $250,000 to $425,000 with the average being $315,000. The number of days they where on the market ranged from 59 to 251 days; with an average being over 4 and a half months (135 days).

Three 4 Bedroom Townhouses have gone to closing since November 1, 2007, all during the month of January 2008. The last listed prices ranged form $289,000 to $305,000, with the average being $298,000. The settled prices ranged from $280,000 to $300,000, with the average being $288,000 and seller subsidies averaging $6,500. The days on the market ranged from 78 to 217, with the average being just over 5 months (156 days).

RENTALS

There are currently two Townhouses on the market FOR RENT in the community both being 4 bedroom homes. These homes have been on the market for 6 and 34 days, and their listed rents are $2200 and $2400.

One three bedroom Townhouse has rented since December and it rented for $1750 after being on the market for only 18 days.