Kimberly Place, Silver Spring Md 20906 - Market Report - March 2008

This market report is about Kimberly Place, a subdivision in the Silver Spring Md. zip code of 20909. Data for this report was obtained from the local MLS - Metropolitan Residential Information System (MRIS) on the evening of 3/17/08.

At that time there were a total of 8 of the homes on the market FOR SALE. Two of which are 2 bedroom 2 bath homes with no basements. They are listed for $189,000 and $214,000; and have been on the market for an average of close to seven months (200 days). There are three 3 bedroom 2 bath 1 half bath homes with no basements ranging in price from $199,000 to $309,000; with the average being $264,263. These have been on the market from 182 days to 304 days, with the average being close to 8 months (238 days). There are also two 3 bedroom 2 bath 1 half bath homes with basements on the market for sale. These homes are listed at $309,998 and $330,000; with very similar periods of time on the market 172 days and 315 days, thus an average of near 8 months (244 days). There is one of the rare 4 bedroom 3 bath 1 half bath home on the market for sale at $330,000 and it has been on the market for only 12 days, the newest one to be put up for sale.

There is currently only 1 home in the community under contact that has not been settled on. That is a 2 bedroom 2 bath home with no basement. Its last advertised price was $175,900 and it was on the market for near three months (82 days).

There have been only 5 homes that have gone to the closing table since last April 1 2007 the most recent being in October 2007. Of this set 3 where 2 bedroom 2 bath homes with no basements, two going for $210,000 with sellers subsidies of $7,000 and $10,000. The third of these went from $232,000 with a subsidy of $2000. They were on the market for an average of two and a half months (49days). One that closed was a 3 bedroom, 2 bath home with no basement, it settled for $299,900 with a seller subsidy of $8,997 and was on the market for near five months (155 days). The other one to sell was a 4 bedroom 3 bath and 1 half bath home; which settled for $339,200 with a subsidy of $9000.

There are currently no homes in the community on the market FOR RENT.

If more information on subdivision or the housing market in zip code 20906 is desired, I can be reached via my webpage