Today’s View – October 19, 2011 – Silver Spring (Wheaton), Md. 20902 - Townhouses

Today’s View – October 19, 2011 – Silver Spring (Wheaton), Md. 20902 - Townhouses

This is a market report covering townhouses for sale in Silver Spring, Md. 20902, commonly referred to as Wheaton. There are at this time 22 homes on the market for sale and another eight under some form of contract in this market,. In the last 30 days, three townhouse in this market area completed the sales process and have new owners.

Two Bedroom Homes

There are three two-bedroom homes on the market for sale. The list prices of these homes range from $224,000 to $279,000, with the average being $257,633. The days on market range from over a month ( 40 days) to four months (120 days) with the average being over two months (70 days).

Today there are no two-bedroom homes in the market area currently under some form of contract. In the last 30 days, no two-bedroom homes completed the sales process either.

Three Bedroom Homes

There are 17 three-bedroom homes on the market for sale. The list prices of these homes range from $149,999 to $439,990, with the average being $321,846. The days on market range from two weeks ( 16 days) to eight months (246 days) with the average being over three months (92 days).

Today there are seven three-bedroom homes in the market area currently under some form of contract. The last known list price of these homes ranged from a low of $299,000 to a high of $495,000, with the average being $388,686. The days on market for these homes ranged from a week (9 days) to approaching seven months (198 days), the average being two months (63 days).

In the last 30 days, two three-bedroom homes completed the sales process. These homes sold for between $237,500 and $372,000, with the average being $304,750. The days on market ranged from two months (62 days) to approaching four months (110 days), with the average being three months (86 days).

Four Bedroom Homes

There are two four-bedroom homes on the market for sale at the time of this report. The list prices of these homes range from $300,000 to $345,000, with the average being $322,500. The days on market range from over a month (36 days) to approaching eight months (239 days), the average being approaching five months (138 days).

Today there is one four-bedroom homes in the market area currently under some form of contract. The last known list price of this is $325,000 and it was on the market for just three weeks (21 days) before an offer was accepted.

In the last 30 days, one four-bedroom home has completed the sales process in this market area. This home sold for $309,900 and was on the market for just over three months (98 days).

The latest Weekly Primary Mortgage Market Survey (PMMS) dated October 13, 2011 shows the average 30-Yr Fixed Mortgage at 4.12% with .8 Fee & Points. This is up from the 3.94% and .8 Fee & Points in the October 6, 2011 report.

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