About Silver Spring's Wheaton

Today’s View – Nov 21, 2011 - Silver Spring (Wheaton), Md. 20902 – Detached Homes

This is a market report for townhouses in Silver Spring, Md.20902, commonly known as Wheaton. At the time of this report (11/21/2011) there are a total of 100 such homes on the market FOR SALE, 62 under contract, and another 16 that have sold in the last 30 days.

Two Bedrooms

There are five two-bedroom detached or semi-townhouses in this market place for sale. These homes range in price from a low of $187,000 to $313,000, with the average being $246,280. The days on market for these homes ranges from two weeks (14 days) to nearly five months (149 days) with the average approaching three months (77 days).

There are six two-bedroom detached or semi-townhouses in this market place that are under some form of contract. The last known list price of these homes ranged from 150,000 to $269,000, with the average being $220,500. The days on market for these homes ranges from new today to just over five months (156 days) with the average approaching two months (52 days).

In the last 30 days three two-bedroom detached or semi-townhouses in this market place have successfully completed the sales process. The closing price of these homes ranged from $133,000 to $245,000, with the average being $196,917. The days on market for these homes ranges from approaching two (53 days) to over three months (132 days) with the average approaching three months (86 days).

Three Bedrooms

There are 25 three-bedroom detached or semi-townhouses in this market place for sale. These homes range in price from a low of $210,000 to $419,000, with the average being $300,368. The days on market for these homes ranges from less than a week (3 days) to over 22 months ( 662 days) with the average approaching four months (112 days).

There are 18 three-bedroom detached or semi-townhouses in this market place that are under some form of contract. The last known list price of these homes ranged from $169,900 to $359,900, with the average being $258,222. The days on market for these homes ranges from a day to over a year (380 days) with the average being approaching three months (85 days).

In the last 30 days six three-bedroom detached or semi-townhouses in this market place have successfully completed the sales process. The closing price of these homes ranged from $222,500 to $350,000, with the average being $276,250. The days on market for these homes ranges from approaching three weeks (18 days) to over three months (105 days) with the average approaching two months (52 days).

Four Bedrooms

Clearly the majority of the detached home on the market in this area, are the 50 four-bedroom for sale. These homes range in price from a low of $205,000 to $599,000, with the average being $363,253. The days on market for these homes ranges from less than a week (3 days) to over ten months (305 days) with the average being over three months (92 days).

There are 25 detached or semi-townhouses in this market place that are under some form of contract. The last known list price of these homes ranged from $192,000 to $525,000, with the average being $291,508. The days on market for these homes ranges from a day to approaching nine months (266 days) with the average being over two months (73 days).

In the last 30 days six four-bedroom detached or semi-townhouses in this market place have successfully completed the sales process. The closing price of these homes ranged from $245,000 to $390,000, with the average being $329,250. The days on market for these homes ranges from a week (4 days) to over four months (139 days) with the average being over two months (49 days).

Five Bedrooms

There are 13 five-bedroom detached or semi-townhouses in this market place for sale. These homes range in price from a low of $259,000 to $799,500, with the average being $433,323. The days on market for these homes ranges from over a week (10 days) to approaching seven (201 days) with the average approaching four months (104 days).

There are 13 detached or semi-townhouses in this market place that are under some form of contract. The last known list price of these homes ranged from $175,000 to $600,000, with the average being $311,215. The days on market for these homes ranges from less than a week (2 days) to over 11 months (337 days) with the average approaching four months (101 days).

In the last 30 days one five-bedroom detached or semi-townhouses in this market place have successfully been sold. The closing price of this home was $310,000 and it was on the market for just over a month (32 days).

Six Bedrooms

There are five six-bedroom detached or semi-townhouses in this market place for sale. These homes range in price from a low of $325,000 to $825,000, with the average being $491,130. The days on market for these homes ranges from nearly three weeks (18 days) to approaching seven months (203 days) with the average being over two months (71 days).

There is no six-bedroom detached home is under some form of contract in the area at this time, nor has any successfully complete the sales process in 30 days.

Seven Bedrooms

There is one seven-bedroom detached or semi-townhouses in this market place for sale at this time. This home is listed for $437,000 and has been on the market for a month (29 days). There are no seven-bedroom homes under any form of contract and none have completed the sales process in the last 30 days.

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

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.

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

This is a market report covering the detached homes in the Silver Spring, Md. zip code of 20902, commonly known as Wheaton. At the time of this report (10/19/2011) there is a total of 108 such homes on the market FOR SALE, 51 under contract, and another 14 that have sold in the last 30 days.

Two Bedroom Homes

There are five two-bedroom detached homes on the market for sale in this market area. The list prices of these homes range from $165,000 to $320,000, with the average being $252,980. The days on market range from a day to just over four months (127 days) with the average being over two months (61 days).

Today there six two-bedroom detached homes under contract in the area covered by this market report. The last known list price of these homes ranged from a low of $150,000 to a high of $269,000, with the average being $224,000. The days on market for these homes ranged from one day to over five months (152 days), the average being over two months (72 days).

In the last 30 days, two two-bedroom homes completed the sales process. These homes sold for $175,000 and $235,000. The days on market where very similar 82 and 84.

Three Bedroom Homes

There are 26 three-bedroom detached homes on the market for sale. The list prices of these homes range from $199,000 to $379,000, with the average being $306,777. The days on market range from a day to slightly over 21 months (631 days) with the average being approaching four months (115 days).

Today there are 16 three-bedroom detached homes in the market area currently under some form of contract. The last known list price of these homes ranged from a low of $169,900 to a high of $350,000, with the average being $250,944. The days on market for these homes ranged from less than a week (2 days) to six months (180 days), the average approaching two a months (57 days).

In the last 30 days, five three-bedroom homes completed the sales process. These homes sold for between $170,000 and $380,000, with the average being $232,780. The days on market ranged from two days to approaching six months (172 days), with the average being two months (60 days).

Four Bedroom Homes

Clearly a majority of the detached homes covered by this report are the 53 four-bedroom homes on the market for sale. The list prices of these homes range from $219,000 to $649,000, with the average being $373,578. The days on market range from two days to nine months (272 days), the average approaching three months (78 days).

Today there are 19 four-bedroom detached homes in the market area currently under some form of contract. The last known list price of these homes ranged from a low of $214,900 to a high of $525,000, with the average being $305,842. The days on market for these homes ranged from a day to approaching nine months (266 days), with the average being over two months (75 days).

In the last 30 days, five four-bedroom homes completed the sales process. These homes sold for between $259,000 and $382,000, with the average being $298,100. The days on market ranged from three weeks (21 days) to slightly over two months (66 days), with the average slightly over a month (37 days).

Five Bedroom Homes

There are 19 five-bedroom detached homes on the market for sale in the area covered by this report. The list prices of these homes range from $199,000 to $629,900, with the average being $426,237. The days on market range from a day to over seven months (223 days) with the average approaching four months (109 days).

Today there are 8 five-bedroom detached homes in the market area covered by this report that are currently under some form of contract. The last known list price of these homes ranged from a low of $130,000 to a high of $315,000 with the average being $229,125. The days on market for these homes ranged from two days to just over 11 months (337 days), with the average being three months (89 days).

In the last 30 days, two five-bedroom detached homes in the market area covered by this report completed the sales process. These homes sold for between $207,000 and $220,500, with the average being $213,750. The days on market ranged from a week (8 days) to a month (32 days), with the average being three weeks (20 days).

Six Bedroom Homes

There are three six-bedroom detached homes on the market for sale in the area covered by this report. The list prices of these homes range from $325,000 to $580,000 with the average being $434,667. The days on market range from a month (29 days) to six months (174 days) with the average approaching three months (80 days).

Today there are two six-bedroom detached home in this market area currently under some form of contract. The last known list price of these homes ranged from a low of $190,000 to a high of $310,000 with the average being $250,000. The days on market for these homes ranged from a month (26 days) to approaching five months (137 days), with the average approaching three months (82 days).

In the last 30 days, no six-bedroom detached home in this market area completed the sales process.

Seven Bedroom Homes

Today there is just one seven-bedroom detached on the market for sale in the area covered by this report. The list price of this home is $437,000 and it has been on the market for two days with the current realtor.

Today there are not seven-bedroom detached home in this market area currently under some form of contract, and none have successfully completed the sales process in the last 30 days.

Eight Bedroom Homes

Today there is just one eight-bedroom detached on the market for sale in the area covered by this report. The list price of this home is $1,200,000 and it has been on the market for nearly two years (696 days).

There is no eight-bedroom detached home in this market area under any form of contract at this time. In the last 30 days, no seven-bedroom detached home in this market area completed the sales process.

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

Hearthstone Village - Silver Spring, MD.

Built in 2001 by Beazer Homes, a community of approximately 100 Upscale Townhouse style Condominium units. They include multi-level, 2 Bedroom, 2 Bath, as well as, 3 Bedroom, 2.5 Bath units. All include a 1 car garage. Some units boast Jacuzzi tubs and separate showers. Some of the larger units include vaulted ceilings on the top level. A strong and involved home owners association helps make this community a wonderful choice for suburban living with easy access to all that the Washington Metro area has to offer.

One of the newest communities developed prior to the Wheaton Redevelopment Project, the community is on University Blvd just blocks from the Wheaton Metro and close to all the restaurants, shopping and recreation activities offered in the Wheaton area. Just a few miles north of downtown Silver Spring, Wheaton, is perfectly situated in the center of three major thoroughfares, and less than 2 miles north of the Capital Beltway. And with the added convenience and accessibility of Metrorail (Red Line) and Metrobus, Wheaton is the ideal location for more Redevelopment Projects.

To learn more about the Wheaton Redevelopment projects under construction or completed in the last few years, visit The Wheaton Redevelopment Project.

Other treasures of the Wheaton area include:

The Wheaton Library is situated at the corner of Georgia Ave and Arcola. The library offers a full range of library services, that includes a variety of programs for children ages 0 to 13, teen and adult programs, public computers, a language lab, a mini art gallery and a staff eager to serve the many users that visit the library daily. A popular attraction for adults and children is the vibrant aquarium teeming with fish and water plants. The present building was constructed in 1962 and was remodeled in 1985.The Wheaton Library is situated at the corner of Georgia Ave and Arcola. The library offers a full range of library services, that includes a variety of programs for children ages 0 to 13, teen and adult programs, public computers, a language lab, a mini art gallery and a staff eager to serve the many users that visit the library daily. A popular attraction for adults and children is the vibrant aquarium teeming with fish and water plants. The present building was constructed in 1962 and was remodeled in 1985.

Brookside Gardens is Montgomery County's incomparable, award-winning 50-acre public display garden situated within Wheaton Regional Park. Included in the gardens are several distinct areas; azalea garden, rose garden, children's garden, formal garden, fragrance garden, Japanese style garden and trial garden. The garden also features conservatories filled with changing seasonal displays, educational programs for children and adults, trips, special events, concerts, children’s day, art classes and exhibits, gift shops and special event rental facilities. A horticultural reference library is located in the airy Visitors Center. Admission is free.

Brookside Gardens' mission, as a public garden, is to foster appreciation for the art of gardening and the science of horticulture through plant collections and displays, learning opportunities and special events.

Wheaton Regional Park is nestled in a forested area of Wheaton, Maryland. The park was established in 1960, incorporating several large parcels of land into one of Montgomery County’s finest and largest parks. Visitors can enjoy a variety of recreational and educational opportunities within its 536 acres.
Take a ride on the train, go horseback riding, have a picnic, go fishing, ice skate or play ball.