About Silver Spring's Leisure World

Leisure World of Maryland - Market Report - Sales - July 2009

This market report details the sales activity in the senior citizens' community of Leisure World in Silver Spring, Maryland. The report period is for activity during the month July 2009. At the time of this report (8/5/2009), there are a total of 241 homes on the market for sale in this community. The asking price for homes in this community ranges from $43,000 for a one-bedroom co-op to $789,000 for a four-bedroom detached home. The list price for these homes averages $199,135. Thirty seven of these are new or returning to the market during the month. If one does not take into consideration the nine homes that have been on the market for over two years, the average days on the market is very close to six months. During the month of July, 22 homes went under contract and another 31 went to closing. This is a significant increase from the 17 that sold in July of 2008.

One Bedroom
Currently thirty-four of the homes on the market are one-bedroom units ranging in current list price from $43,000 to $150.000, averaging $99,267. Eight of these homes were new to the market during the month; the longest has been on the market for nearly two years (727 days). The days on market averaged 162 (approximately five and one half months).

Only one-bedroom home had an offer to purchase accepted during the month; the last list price of that home being $45,000 The days on market with the current realtor was less than one month (25 days). Five other one-bedroom homes went to the closing table during the month and the settled prices ranged from $50,000 to $99,000. The average time on the market for these units was nearly seven months (202 days).

Two Bedrooms
Clearly a majority of the homes on the market (163 of the 241) for sale are the two bedroom homes. The current list price of these homes ranges from $60,000 to $385,000, averaging about $189,000. While 20 of the homes were brought to the market in July the longest on the market is over two years (933 days). The average number of days on market is nearly six months (179 days) for these homes.

Buyers submitted offers on 19 two-bedroom homes during the month. The final list price on these homes ranged from $95,000 to $359,000. The average number of days on market for these homes was close to eight months (249 days), the longest period was a just over 2 years (757 days). Seventeen other two bedroom homes sold in the month of July. The accepted price of these home ranged from $71,900 to $385,000. The days on market ranged from less than a month (7 days) to over two years (858 days), averaging close to six months (167 days).

Three Bedrooms
Currently there are 41 three-bedroom homes on the market for sale in Leisure World. The listed prices range from $149,500 patio home to $539,000 condo apartment with the average being $280.287. While nine of these homes were new to the market during the month, the longest has been on the market for over 22 months (769 days). The average for all units was about five months (154 days).

Buyers successfully submitted offers on 2 three-bedroom homes during the month of July. The last known list price of these homes ranged from $180,000 to $322,500, averaging $251,250. Days on market ranged from less than one month (9 days) to nearly five months (144 days); with the average being nearly three months (77 days). Nine other homes with three bedrooms sold in July. The accepted prices on these homes were $155,000 and $348,000. The days on market ranged from nearly a month (44 days) to nearly a year (353 days).

Four Bedrooms
There are only three four-bedroom homes on the market for sale in Leisure World at this time. These detached homes with attached two car garage are listed from $739,000 to $789,000. The days on market for these homes range from nearly four months (131 days) to nearly a year (352 days). Days on market for these homes averaged seven months (217 days). No offer to purchase a four-bedroom home has been accepted in July, nor has one changed ownership during the month.

My team and I stand ready to help with your real estate needs here in Leisure World. Please feel free to contact me by any of the following methods - my web page, email, or (301) 237-2277.

Robert J. Force

Prudential Carruthers Realtors - Gaithersburg, Md.

Leisure World of Maryland - Market Report - Rentals - July 2009

This market report details the rental activity in the senior citizens' community of Leisure World in Silver Spring, Maryland. The report period is for activity during the month of July 2009. At the time of this report (7/29/2009), there are a total of 42 homes on the market for rent. The rents of these homes range from $900 for a one-bedroom condo to $2800 per month for a four-bedroom detached home. The average rent for these homes is $1,352. No significant change in the number of homes on the market of the average list price, since last month. While the longest has been on the market about a year (363 days), the average time on the market is near three months (83 days). During the month of July, while 18 units were added to the market 21 units were rented or applications to rent were taken.

One Bedroom

Ten of the 42 apartments on the market for rent are one-bedroom units ranging in rent from $900 to $1,150, with the average being $1033. Five of the ten are new to the market during the month, the longest on the market for near eight months (230 days), the average being near two months (51 days).

Only one one-bedroom apartment had an application to rent after being on the market for only 17 days. The last known listed rent was $1,100. Three one-bedroom apartments were also rented during the month, ranging in rent from $795 to $1,150. Days on market for these apartments ranged from less than a week (6 days) to near a month and a half (42 days) with the average being near three weeks (22 days).

Two Bedrooms

Clearly a majority of the homes on the market for rent (26 of the 42) are the two bedroom apartments. These range in rent from $950 to $1,825 per month, with the average being $1,372. While eleven of the units were brought to the market in July the longest on the market is nearly a year month (363 days), the average again being nearly three months (95 days).

A total of fifteen two-bedroom apartments were rented or applications to rent were taken during the month. The rents on these apartments ranged from $1,000 to $1,750, with the average being $1,238. The average number of days these homes were on market was nearly 3 months (98 days). The longest period was a near nine months (280 days).

Three Bedrooms

Currently there are five three-bedroom rentals on the market for rent. The listed rents for these homes ranged from $1,350 to $1,750, averaging $1,600 per month. While two of these five apartments are new to the market this month, the longest has been on the market for near five months (141 days), averaging near two months (55 days).

Only two three-bedroom apartment was rented during the month of July. These apartment rented for $1,050 and $2,100, and had been on the market for an average of two months (57 days).

Four Bedrooms

There is only one four-bedroom home on the market for rent at this time. This detached home, with an attached two car garage is listed for rent at $2,800 a month and has been on the market for over five months (160 days). No other similar home was rented last month.

If I or my team can help with your real estate needs here in Leisure World of Maryland, please feel free to contact me by any of the following methods - my web page, email, or (301) 237-2277.

Robert J. Force

Prudential Carruthers Realtors - Gaithersburg, Md.

This market report details the rental activity in the senior citizens' community of Leisure World in Silver Spring, Maryland. The report period is for activity during the month of April 2009. At the time of this report (5/11/2009), there are a total of 39 homes on the market for rent. The rents of these homes range from $850 for a one-bedroom condo to $2800 per month for a four-bedroom detached home. The average rent for these homes is $1,371. Eight of these units are new to the market during the month, down from the thirteen that were added during April of 2008. While the longest has been on the market for over a year (468 days), the average time on the market is very near four months (104 days). During the month of March, 22 units were rented or applications to rent were taken.

One Bedroom

Five of the 39 apartments on the market for rent are one-bedroom units ranging in rent from $850 to $1,300, with the average being $1309. Only one of the five is new to the market during the month, the longest on the market for over 11 months (341 days), the average being near four and a half months (137 days).

Four one-bedrooms were rented or applications taken during the month, ranging in rent from $800 to $1,315. Days on market ranged from near two weeks to just over ten months with the average being three months (94 days).

Two Bedrooms

Clearly a majority of the homes on the market for rent (29 of the 39) are the two bedroom apartments. These range in rent from $1,050 to $1,950 per month, with the average being nearly $1,360. While seven of the units were brought to the market in April the longest on the market is nearly a year month (347 days), the average again being nearly three months (88 days).

Sixteen two-bedroom apartments were rented or applications to rent were taken during the month. The rents on these apartments ranged from $950 to $1,700, with the average being $1,350. The average number of days these homes were on market was nearly 4 months (108 days). The longest period was a little over ten months (308 days).

Three Bedrooms

Currently there are four three-bedroom rentals on the market for rent. The listed rents for these homes ranged from $1,350 to $2,500, averaging $1,811 per month. Only one of these homes were new to the market during the month, the longest has been on the market for over 15 months (468 days), averaging near six months (184 days).

Two three-bedroom apartments were rented or applications taken during the month of April. They rented for $1,400 to $1,700 per month. The days on the market ranged from less than one month (20 days) to nearly four months (112 days).

Four Bedrooms

There is only one four-bedroom home on the market for rent at this time. This detached home, with attached two car garage is listed for rent at $2,800 a month and has been on the market for nearly three months (81 days). No other similar home was rented last month.

If I or my team can help with your real estate needs here in Leisure World of Maryland, please feel free to contact me by any of the following methods - my web page, email, or (301) 237-2277

Robert J. Force

Prudential Carruthers Realtors - Gaithersburg, Md.

Leisure World of Maryland - Market Report - Sales - May 2009

This market report details the sales activity in the senior citizens' community of Leisure World in Silver Spring, Maryland. The report period is for activity during the month of April 2009. At the time of this report (5/7/2009), there are a total of 273 homes on the market for sale in this community. The asking price for homes in this community ranges from $40,000 for a one-bedroom co-op to $789,000 for a four-bedroom detached home. The list price for these homes averages $206,958. Forty seven of these are new to the market or with a new listing agent during the month, down from the sixty two that were added during April of 2008. If one does not take into consideration the five homes that have been on the market for over two years, the average days on the market is very close to seven months. During the month of April, twelve homes went under contract and another thirteen went to closing. This is close to the number (sixteen) that sold in April of 2008.

One Bedroom
Thirty-seven of the homes on the market are one-bedroom units ranging in current list price from $40,000 to $174,999, averaging $102,742. Two of these homes were new to the market or returned to the market with a new listing agent during the month; the longest has been on the market for nearly one year (379 days). The days on market averaged 225 (approximately seven months). Two one-bedrooms had offers to purchase accepted during the month; list prices ranged from $125,000 to $139,900. The days on market with the current realtor ranged from nearly two months (78 days) to over six months (195 days), with the average being a little over three months (137 days). Five other homes went to the closing table during the month and the settled prices ranged from $53,000 to $165,000. The average time on the market for these units was nearly four months (126 days).

Two Bedrooms
Again this month a majority of the homes on the market (181 of the 273) for sale are the two bedroom homes. The current list price of these homes ranges from $74,000 to $419,000, averaging at $193,613. While 50 of the homes were either new to the market or returned with a new listing agent, the longest on the market is over two years (842 days). The average number of days on market is nearly seven months (228 days) for these homes. Buyers submitted offers on nine two-bedroom homes during the month. The final list price on these homes ranged from $92,500 to $302,000, with the average being $189,355. The average number of days on market for these homes was close to seven months (200 days), the longest period was a just over 21 months (631 days). Seven other two bedroom homes sold in the month of April. These homes were sold for $82,500 to $282,5000, averaging $168,214. The days on market ranged from nearly one month (27 days) to over a year (364 days), averaging close to three months (135 days).

Three Bedrooms
Currently there are 52 three-bedroom homes on the market for sale in Leisure World. The listed prices range from $165,000 to $449,000 with the average being $282,328. While ten of these homes were new or returning to the market during the month, the longest has been on the market for over two years (880 days). The average for all units was about six months (186 days). Buyers successfully submitted offers on three homes during the month of April. The last known list price of these homes ranged from $319,000 to $395,000, averaging being $346,633. Days on market ranged from less than one month (12 days) to over two years (774 days); with the average being nearly nine months (277 days). Five other homes with three bedrooms sold in April. The accepted prices on these homes were $184,900 and $375,000. The days on market ranged from nearly six months (177 days) to just over nine months (280 days). The average time on the market was seven months (214 days).

Four Bedrooms
There are only three four-bedroom homes on the market for sale in Leisure World at this time. These detached homes with attached two car garage are listed from $769,000 to $789,000. The days on market for these homes range from nearly three months (76 days) to nearly nine months (261 days). Days on market for these homes averaged just over six months (190 days). No offer to purchase a four-bedroom home has been accepted in April, nor has one changed ownership during the month.

My team and I stand ready to help with your real estate needs here in Leisure World. Please feel free to contact me by any of the following methods - my web page, email, or (301) 237-2277.

Robert J. Force

Prudential Carruthers Realtors - Gaithersburg, Md.

Among the myriad condominium models in Leisure World of Maryland, we find the Hampton Deluxe, a mid-size two bedroom two bath condo model. These 1200 sq. ft. single level apartments are located on both levels of two-story garden apartment style buildings.

We enter this apartment via a foyer with its large walk-in closet, leading into the spacious living room. From the living room, by way of a sliding glass door, we reach the patio or balcony. (In some cases the previous owners have enclosed this are for additional living space.) The dining room, which is adjacent to the living room, receives a generous amount light from this glass door as well. Off the dining room is the galley kitchen and not far from the kitchen in the hallway leading to the other end of the apartment, we find the laundry area with a full size washer and dryer. The two bedrooms and baths are at the other end of the hallway. The master bedroom comes with a walk-in closet and bath, while the second bath is in the hallway adjacent to the second bedroom.

These apartments all come with forced air heat and central air conditioning. Utilities are included in the monthly condo fee, along with outside maintenance.

My team and I are ready to help you with your real esate needs in Leisure World. Please feel free to contact me via my website, my email, or cell phone (301) 237-2277.

Robert Force

Prudential Carruthers

Gaithersburg, Md.