Silver Spring, Md. 20901 - Townhouse - Market Report April 2009

Silver Spring, Md 20901 - Townhouse - Market Report April 2009

This market report details the sales activity of townhouses in the Silver Spring, Md. zip code of 20901, for the period since March 1, 2009. At the time of this report (4/24/2009), a total of only ten townhouses were on the market for sale in this area. While there are two bedroom homes on the market in this area, the cheapest is a three bedroom / two and a half bath listed for $200,000. The most expensive home is a three bedroom, two full baths, and two half baths home listed at $379,000. The average list price for all townhouses in the zip code is $296,794.

While 10 homes were added to the market since March 1st, 6 of these are still on the market. Three of the 10 are now under contract, and one has been sold.

There are currently 15 townhouses in this area that have had offers to purchase accepted by the sellers. These homes have ranged in list price from $179,000 to $495,000. The average list price for these homes being $277,169. While one of these homes was on the market for near a year (338 days), the average number of days on market was just over two months (70 days).

Between March 1 and April 15 of this year, four townhouses have been sold. The closing prices ranged from $199,000 to $430,000. The average number of days on the market was just about two months (61 days). During the same time period last year, five townhouses sold in this area. The costs ranged from $312,000 to $375,000 and the number of days on the market averaged little over a month (42 days).

If my team and I can help you with your real estate needs, please contact me on the web, by email, or cell phone (301) 237-2277.

Robert J. Force

Prudential Carruthers Realtors<br>

Gaithersburg, Md.