Today’s View – October 30, 2011 – Silver Spring, Md. 20906 – Rossmoor

Today’s View – October 30, 2011 – Silver Spring, Md.20906 – Rossmoor

This is a market report for high-rise apartments in the senior citizen community of Rossmoor (LW) here in Silver Spring, Md. 20906. At the time of this report (10/30/2011) there is a total of 50 such homes on the market FOR SALE, 17 are under some form of under contract, and another ten that have sold in the last 30 days.

One Bedroom

There are eight one-bedroom high-rise apartments on the market for sale in Rossmoor. These homes range in price from a low of $72,500 to $139,000, with the average being $90,938. The days on market for these homes ranges from nearly two weeks (14 days) to over eight months (254 days) with the average being over four months (104 days).

There is one-bedroom high-rise apartments in the community that are under some form of contract at this time. The last known list price of this home is $62,900 and it was on the market for over three months (101 days). In the last 30 days no one-bedroom high-rise apartment has completed the sales process.

Two Bedrooms

Clearly a majority of the high-rise apartments on the market for sale in the Rossmoor community are the 32 two-bedroom homes. These homes range in price from a low of $85,000 to $340,000, with the average being $200,554. The days on market for these homes ranges from one day to over 33 months (1010 days) with the average being over four months (137 days).

There are 13 two-bedroom high-rise apartments in the community that are under some form of contract. The last known list price of these homes ranges from $85,000 to $400,000 with the average being $209,012. The days on market for these homes ranges from a week (5 days) to approaching a year (356 days) with the average just over three months (95 days).

In the last 30 days eight two-bedroom high-rise apartments in the community have successfully been sold. The sold price of these homes ranges from $80,000 to $347,000, with the average being $189,238 The days on market for these homes ranges from a week (7 days) to approaching over eight months (252 days) with the average being over two months (79 days).

Three Bedrooms

There are currently ten three-bedroom high-rise apartments on the market for sale in the Rossmoor community. These homes range in price from a low of $259,900 to $444,900, with the average being $325,050. The days on market for these homes ranges from a week (5 days) to approaching nine months (269 days) with the average approaching three months (85 days).

There are three three-bedroom high-rise apartments in the community that are under some form of contract. The last known list price of these homes ranged from $329,500 to $419,000, with the average being $371,167. The days on market for these homes range from a week (9 days) to approaching three months (110 days) with the average approaching two months (50 days).

In the last 30 days two three-bedroom high-rise apartments in the community have successfully been sold. The sold price of these homes ranges from $260,000 to $375,000, with the average being $317,500. The days on market for these homes ranges from over two months (70 days) to over three months (104 days) with the average being nearly three months (87 days).

If you have any questions about this report, please call me or send me an email. I look forward to helping you with your real estate needs in this community.