South Silver Spring Real Estate Market Report for 8045 Newell Street Condos

8045 Newell Street (by Patriot Group) is a five story, 120 unit condominium building. This building was completed and already Sold out in 2006. This market report is for the last 6 month period May 4 through November 4th 2007. All units are resales reported in the Metropolitan Regional Information Service (MRIS)

4 Active For Sale Listings
1) 1 Bedroom - 1 Bath 5th (Top) Floor Unit with Sunroom (817 sq ft)
Asking - $295,000 Days on Market - 9

2) 1 Bedroom - 1 Bath 5th Floor unit with Sunroom (820 sq ft) Asking - $325,000
Days on Market - 185

3) 2 Bedroom - 1 Bath 3rd floor Unit
(935 sq ft) - Asking $320,000
Days on Market - 15

4) 2 Bedroom - 2 Bath 2nd Floor Unit
(1,222 sq ft) - Asking $395,000

2 Listings are Under Contract
1) Efficiency 0 Bedroom - 1 Bath - 2nd Floor unit (569 sq ft) Days on Market - 5
Asking - $108,736

2) Efficiency 0 Bedroom - 1 Bath
4th Floor Unit (569 sq ft) Days on Market - 3

In all of 2007 there were 12 Condominiums Sold at 8045 Newell Street:

6 Units were 1 Bedroom - 1 Bath Units
List Price Range $296,000 to $326,999
Sold Price Range $285,000 to $310,000

2 Units were 2 Bedroom - 1 Bath Units
List Price Range $335,000 - 339,000
Sold Price Range $330,000 to $339,000

4 Units were 2 Bedroom - 2 Bath Units
List Price Range $390,000 to $439,900
Sold Price Range $378,000 to $439,900

Average Days on the Market for all Condos at 8045 Newell Street in 2007 - 116 Days

8 Listings were Expired and or Withdrawn from the Market in 2007
All units except 1 were 1 Bedroom 1 Bath Units
Average List Price - $367,000
Average Days on Market - 157 Days


If you are thinking about Selling Your Silver Spring Condominium - Call on Debbie Cook and The Silver Spring Team for a No Obligation Market Report on Your Silver Spring Condominium. With our 21 years of Experience and our Enthusiasm for Silver Spring, we know how to get Silver Spring Condos Sold Fast and for Top Dollar in the Current Silver Spring Real Estate Market.

Click for an Over the Net Comparative Market Analysis (CMA) of your Silver Spring Home's Value