Silver Spring Md. 20906 - Townhouse - Market Report - Oct 28,2009

Silver Spring Md. 20906 - Townhouse - Market Report - Oct 28,2009

This is a market report covering townhouses for sale in the Silver Spring, Md. 20906 zip code, but does not including those in the senior citizen community of Leisure World of Maryland. At the time of this report (10/28/09) there were a total of 41 townhouses on the market for sale. The least expensive at this time is a two bedroom one full bath one half bath home in the Montgomery Chase development on the market for $169,900. The most expensive is a four bedroom three and a half bath townhouse on the market for $450,000 in the Longmead sub-division. The average current list price for the homes is $290,679. While several are relatively new to the market ( less than two weeks) and the longest for nearly 2 years (728 day), the average is nearly three months (80 days).

There are a total of 61 townhouses under contract in this area. The last known list price of these homes ranged from $100,000 to $418,328, with the average being $237,357. The short period of time these homes was on the market was just one day while the longest was over 20 months (608 days). The average time on market was three months (95 days) with any Realtor.

Since September 27, 2009, nine townhouses in the 20906 zip code have successfully sold. Closing prices have ranged from $167,000 to $390,00. The days on market ranged from less than a week (5 day) to over six months (191 days) with the current Realtor.

Two Bedroom

There is currently two two-bedroom townhouse on the market for sale in this area. These homes are currently listed for $169,900 and $199,500, and have been on the market for 3 and 56 days.

Currently there are two two-bedroom townhouses under contract in this area. The last known list price of these homes ranged from $164,000 and $175,000, with the average being $169,950. The time on market for these homes ranged from was 6 and 45 for an average of less than a month (26 days).

Since September 27, 2009, only one two-bedroom two full bath townhouse in this report area was successfully sold. The closing price of that home was $225,000 and had been on the market for over six months (191 days) with its current Realtor.

Three Bedrooms

There are three three-bedroom one full bath one half bath townhouses on the market in the area this report is covering. The list price of these homes ranges from $209,900 to $300,000, with the average of the set being $258,300. While one is new to the market (5 days), the longest has been on the market for nearly five months (140 days), the average of the set is just about two months (55 days).

Currently there are only four three-bedroom one full bath townhouses under some form of contract in the report area. The last known list price of these homes ranges from $100,000 to $115,000; with the average being $108,463. While one went under contract in less than a week (1 day) with its current Realtor and the longest took the current Realtor just about three months to sell (91 days), the average was a month and a half (45 days).

Since September 27, 2009, only one three-bedroom one full bath townhouse in this report area was successfully sold. The closing price of that home was $167,000 and had been on the market for nearly three months (82 days) with its current Realtor.

There are 13 three-bedroom two full bath one half bath townhouses on the market in the area this report is covering. The list price of these homes ranges from $180,000 to $370,000, with the average of the set being $287,117. While one is new to the market (4 days), the longest has been on the market with its current Realtor for nearly 13 months (405 days), the average of the set is two and a half months (75 days) with the current Realtor.

Currently there are 34 three-bedroom two full bath townhouses under some form of contract in the report area. The last known list price of these homes ranges from $140,000 to $399,999; with the average being $243,379. While one went under contract in less than a week (1 day) with its current Realtor and the longest took the current Realtor just about nine months to sell (274 days), the average was two months (57 days).

Since September 27, 2009, only two three-bedroom two full bath townhouse in this report area was successfully sold. The closing price of these homes was $272,000 to $390,000, and they had been on the market for less than a month with their current Realtors.

There are seven three-bedroom three full bath townhouses on the market in the area this report is covering. The list price of these homes ranges from $215,000 to $399,000, with the average of the set being $327,400. While one has only been on the market of two weeks (14 days), the longest has been on the market with its current Realtor for nearly two months (59 days), the average of the set is less than a month (25 days) with the current Realtor.

Currently there are eight three-bedroom three full bath townhouses under some form of contract in the report area. The last known list price of these homes ranges from $214,900 to $418,328; with the average being $284,982. While one went under contract in less than a week (1 day) with its current Realtor and the longest took the current Realtor just about five months to sell (145 days), the average was one month (28 days).

No three-bedroom three bath town house has gone to closing in this report area since September 27, 2009.

Four Bedroom

There are six four-bedroom homes two bath townhouses currently on the market in the area covered by this report. The list price of these homes ranges from $194,900 to $345,000, with the average of the set being $280,800. While one has only been on the market of three weeks (21 days), the longest has been on the market with its current Realtor for nine months (271 days), the average of the set is three month (94 days) with the current Realtor.

There are no four-bedroom two bath townhouses currently under any form of contract in this report area.

No four-bedroom two bath town house has gone to closing in this report area since September 27, 2009.

There are 10 four-bedroom homes three bath townhouses currently on the market in the area covered by this report. The list price of these homes ranges from $180,000 to $450,000, with the average of the set being $306,440. While one has only been on the market less than a week (2 days), the longest has been on the market with its current Realtor for two years (728 days), the average of the set is slightly over four month (136 days) with the current Realtor.

Currently there are 11 four-bedroom three full bath townhouses under some form of contract in the report area. The last known list price of these homes ranges from $175,000 to $339,000; with the average being $246,618. While one went under contract in a week (8 day) with its current Realtor and the longest took the current Realtor just about a year to sell (345 days), the average was under three months (73 days).

Since September 27, 2009, four four-bedroom three full bath townhouse in this report area was successfully sold. The closing price of these homes was $240,000 to $315,000, and they had been on the market for at the most 43 days with their current Realtors.

Five bedroom

While there is no five bedroom townhouse currently on the market for sale in this report area, one is under contract. This townhouse was listed at $249,000 and was on the market with its current Realtor for just about a month (36 days). Since September 27, 2009, no five bedroom townhouse has successfully been closed in the report area either.