Silver Sping, Md. 20906 - Montgomery Chase Aug 2009 - Market Report

Silver Sping, Md. 20906 - Montgomery Chase Aug 2009 - Market Report

This is a market report for the Montgomery Chase community of Silver Spring, Md. 20906. At the time of this report (9/20/2009) there are five townhouses in this subdivision on the market for sale. The list price of these homes range from the least expensive at $175,000 for a two-bedroom one full bath one half bath townhouse to $299,000 for a three-bedroom two full bath one half bath townhouse. The average list price being $224,484. The days on market with the current realtor range from less than a week (4 days) to just over five months (165 days), with the average being a little over two months (67 days).

Currently there are four townhouses under contract in this community. The last know list prices where $164,900 for a two-bedroom to $199,999 for a three-bedroom home. The days on market with the current Realtor averages just three months (98 days).

Since August 1st of this year only one townhouse with two-bedroom have sold in the community for $105.000 The days on market with last know Realtor was just under a month (26 days).averaged just two weeks (15 days).

Currently there are a total of three townhouses on the market for rent in Montgomery Chase. The least expensive is a two-bedroom one full bath one half home listed at $1495 / month, to the most expensive being a three-bedroom two full bath one half bath currently listed for $1,700 / month. There townhouses have been on the market from less than a week (6 days) to just over one month (37 days), the the average is a short three weeks (25 days). There is another three-bedroom townhouse two full bath one half bath townhouse for which an application to rent has been accepted by the landlord. The last known lsited rent was $1600 / month for this home. This town house was on the market for nearly three months (83 days).

Since August 1st of this year no lease to rent a home in Montgomery Chase has been signed.

My team and I stand ready to help with your real estate needs here in Leisure World. Please feel free to contact me by any of the following methods - my web page, email, or (301) 237-2277.

At the time of this posting there are only 71 days left to take advantage of the $8000 tax-credit for first-time home buyers.