Today’s View – February 5, 2011 – Aspen Hill – Detached Homes

Today’s View – February 5, 2011 – Aspen Hill – Detached Homes

This is a market report for detached and semi-detached homes in Silver Spring, Md.20906, commonly known as Aspen Hill. Not included in this report are those homes in the senior citizen community of Rossmoor. At the time of this report (02/05/2012) there are 85 such homes on the market FOR SALE, 56 under contract, and another 19 that have sold in the last 30 days.

Two Bedrooms

There is only one two-bedroom detached home in this report area for sale. This home is listed for $500,000 and has been on the market for over 15 months (401 days).

Three two-bedroom detached or semi-detached homes in this report area are under some form of contract at this time. The last known list price of these homes ranged from $45,000 to $229,000, with the average being $153,000. The days on market for these homes ranges from under a week (3 days) to nearly three weeks (19 days) with the average being just over a weeks (9 days).

In the last 30 days no two-bedroom detached home in this market place has completed the sales process.

Three Bedrooms

There are 12 three-bedroom detached or semi-detached homes in this market place for sale. These homes range in price from a low of $169,900 to $519,000, with the average being $306,308. The days on market for these homes ranges from less than a week (4 days) to over a year (374 days) with the average being over three months (100 days).

There are 15 three-bedroom detached or semi-detached homes in our report area that are under some form of contract. The last known list price of these homes ranged from $149,000 to $335,000, with the average being $247,040. The days on market for these homes ranges from just a week (6 days) to approaching eight months (239 days) with the average being nearly three months (84 days).

In the last 30 days, four three-bedroom detached or semi-detached homes in this market place have successfully completed the sales process. The closing price of these homes ranged from $206,000 to $230,000, with the average being $220,250. The days on market for these homes ranged from over a week (6 days) to approaching three months (82 days) with the average bring a month (31 days).

Four Bedrooms

Clearly, the majority of the detached or semi-detached homes on the market in this area are the 44 four-bedroom homes for sale. These homes range in price from a low of $181,000 to $799,900, with the average being $453,647. The days on market for these homes ranges from a day to over ten months (304 days), with the average being three months (90 days).

There are 29 detached or semi-detached homes in this market place that are under some form of contract. The last known list price of these homes ranged from $150,000 to $499,500, with the average being $273,163. The days on market for these homes ranged from a day to eight months (245 days) with the average being two months (63 days).

In the last 30 days, 11 four-bedroom detached or semi-detached homes in this market place have successfully completed the sales process. The closing price of these homes ranged from $200,000 to $724,900, with the average being $378,900. The days on market for these homes ranged from over a week (11 days) to over three months (96 days) with the average approaching two months (53 days).

Five Bedrooms

There are 20 five-bedroom detached or semi-detached homes in this market place for sale. These homes range in price from a low of $229,000 to $840,000, with the average being $468,171. The days on market for these homes ranges from a day approaching a year (345 days) with the average being over three months (100 days).

There are seven five-bedroom detached or semi-detached homes in this report area that are under some form of contract. The last known list price of these homes ranged from $180,000 to $699,900, with the average being $344,243. The days on market for these homes ranged from a week (4 days) to over eight months (250 days) with the average being three months (90 days).

In the last 30 days, four five-bedroom detached or semi-detached home in this market place have successfully been sold. The closing price of these homes ranged from $297,500 to $390,000, with the average being $349,925. The days on market for these homes ranged from approaching a week (3 days) to over nearly five months (149 days) with the average approaching two months (57 days).

Six Bedrooms

There are five six-bedroom detached or semi-detached homes in the report area for sale. These homes range in price from a low of $260,000 to $745,000, with the average being $406,600. The days on market for these homes ranges from over a month (40 days) to five months (151 days) with the average being over three months (97 days).

There are two six-bedroom detached or semi-detached homes in the report area that are under some form of contract. The last known list price of these homes ranged from $250,000 to $390,000, with the average being $320,000. The days on market for these homes ranged from a month (32 days) to over a month (37 days) with the average being just over month (35 days).

In the last 30 days, no six-bedroom detached or semi-detached home in this market place have successfully completed the sales process.

Seven Bedrooms

There are two seven-bedroom detached or semi-detached homes in the report area for sale. These homes range in price from a low of $285,000 to $289,000, with the average being $287,000. The days on market for these homes ranges from over two months (57 days) to over three months (95 days) with the average being two and a half months (76 days).

There are no seven-bedroom detached or semi-detached home in this market place under any form of contact and none have successfully completed the sales process in the last 30 days.

Nine Bedrooms

There is only one nine-bedroom detached home in this report area for sale. This home is listed for $339,000 and has been on the market for a month and a half (47 days). There are nine-bedroom detached home in the market area under any form of contract and none have sold in the last 30 days.

If you have any questions about this report, please call me or send me an email. I look forward to helping you.