Today's View - July 15, 2011 - Rossmoor Coops

Today's View - July 15, 2011 - Rossmoor Coops

This is a market report for cooperative ownership (COOP) apartment in the senior citizen community of Rossmoor in Silver Spring, Md. 20906. At the time of this report (7/15/2011) there is a total of 21 such homes on the market FOR SALE, five under contract, and another 4 that have sold in the last 60 days.

One Bedroom

Seven of those for sale are one bedroom apartments, ranging in size from 635 to 800 sq ft. The current list price of these homes range from $39,500 to $49,900; with days on the market ranging from just over a week (7 days) to over five months (163 days) with the average being just short of two months (56 days).

Currently there is only two homes of this configuration under contract in the community of Rossmoor, with the last known list prices being $43,000 and $48,300, and days on market being 62 and 72 days

There have been only two one bedroom coops sold in the last 60 days. They sold for 47.000 and $48,500 and days on market 92 and 9.

Two Bedrooms

There are 14, two bedroom apartments on the market for sale in the Rossmoor community at this time. These homes are currently listed from $57,900 to $119,000; with the average being $84,321. The days on market range from just two weeks (17 days) to near 16 months (502 days), with the average being a little over 4 months (137 days).

Currently there are five two bedroom coop apartments under contract in the community of Rossmoor. These homes were last listed for $59,900 to $110,000; with the average being $78,780. The days are market for this set of homes ranged from slightly over two weeks (18 days) to near eight months (239 days), with the average being just over three months (106 days).

In the last 60 days, 11 two bedroom coop apartments have gone to closing in the community of Rossmoor. The closing prices have ranged from $64,900 to $108,900; with the median price being $92,500. The days on market ranged from a week (6 days) to just about sixteen months (481 days), with the average being nearly four months (132 days) and the mean being just over one month (39 days)

If you have any questions about this report, please call me or send me an email.