The Real Estate Market in Silver Spring and Takoma Park continues to pick up momentum. The question is, have we hit bottom and are we heading out of this or is this just a short upswing before the bottom really falls out?
I wish I had a Crystal Ball but . . . . . "Those that live by the Crystal Ball eat glass"!
My suggestion right now would be that if you are wanting to buy, jump in now. You can't go wrong. If you are selling or need to sell, sell now and price your home to move fast. If this is a short upswing then you don't want to miss your chance to sell now during an upswing. How long of a window might we have? This is another question that is begging for a Crystal Ball.
My guess is that we might see a better market for at least the next 60 days. The problem longer term could be interest rate increases or the increase in inventory of foreclosed homes. Either of these could have a negative impact. My suggestion is NOT to watch national trends, but focus mostly on what you see taking place in our community. This will certainly give you the best perspective on our Silver Spring or Takoma Park, Maryland Real Estate market. Click on the chart below to get your free "Real Time" Market Stats for Silver Spring or Takoma Park:

The Grandpappy of all Celebrations in Montgomery County is the one taking place in Takoma Park, MD this weekend!
This year's Annual Takoma Park Independence Parade and Celebration, now in its 120th year, is entitled "The Belle of Takoma Park," in remembrance of longtime resident and organizer of the parade for the last 40 years, Belle Zeigler. Zeigler died Dec. 14, 2008, at age 88.
The parade begins at 10 a.m. at Carroll and Ethan Allen avenues. The parade ends at Maple and Ritchie avenues.
Concerts by Violet Says 5, Positive Vibrations and the Takoma Park Community Band will begin at 7 p.m. Parade and raffle prize winners will be announced.
Fireworks are expected to start at 9:30 p.m.
Vendors will have food for purchase during the parade and fireworks, including hotdogs, funnel cakes and ice cream.
Parking is at the community center at 7500 Maple Ave. Rain date will be the next fair-weathered day.
The photos of the July 4th Decorations on the house in East Silver Spring are of "Joe the Neighbor's" handiwork from a few years back.
Capitol View Park was Montgomery County's First Historic District. This Old Historic Neighborhood is down by the Railroad Tracks and just past Forest Glen in the area of Silver Spring that borders Kensington, Maryland.
In this quiet shaded glen, away from the hustle and bustle of Downtown, you will find an eclectic mix of house styles and ages, every thing from old "Sears" Bungalows, Restored 1880's Victorians, post WWII capes cods, colonials ramblers and split levels new recently built homes.
Capitol View residents can enjoy living in this "woodsy, quiet and almost rural area that is between the hustle, bustle and convenience of Downtown Silver Spring and at one end and the quaint charm of the small town of Kensington at the other end.
The newsest addition to Capitol View Park is the Forest Glen Country Store Restaurant, which sits close to the neighborhood's boundary with Forest Glen. Robin Smith and Gillian Clark, former owners of Colorado Kitchen in the District, recently opened a restaurant in the 1880s-era general store on Post Office Road
next to the Forest Glen "Castle".
More information about Capitol View Park and it's history can be found through the Capitol View Park Citizens Association and the Capitol View Park Historical Society.
Schools
Montgomery County Public Schools have a reputation as being among the best in the nation.
The public schools that serve the Capitiol View Park Subdivsion are:
Oakland Terrace Elementary School
Newport Mill Middle School
Albert Einstein High School
*at the high school level the Downcounty consortium is available giving students a choice regarding their academic area of study. The five
high schools in the Downcounty cluster include Montgomery Blair, Albert Einstein, Northwood High, John F. Kennedy and Wheaton High School.
There are also several excellent Private Schools convenient to Capitol View Park such as The Academy of the Holy Cross, Holy Cross Elementary, Grace Episcopal School and the Evergreen School to name a just a few.
Capital View Park Real Estate
A recent article in the Washington Post describes this area as having bounty of variety in it's archictecture.
I can say that it also have a huge variation is it's Real Estate prices.
There are 395 Single Family Houses in the Legal
Subdivsion of Capitol View Park, Silver Spring, Md 20910
Real Estate in 2008
12 Homes Sold in 2008
Average List Price - $430,349
Average Sold Price - $423,000
Lowest Sold Price - $270,000
Highest Sold in 2008 - $807,500
Average Time on Market - 165 Days
YTD Real Estate in 2009
14 Homes Sold YTD 2009
Average List Price - 2009 - $484,771
Average Sold Price - $474,014
Lowest Sold Price - $169,290
Highest Sold - $800,000
Average Time on Market - 66 Days
See the Homes Currently for Sale in Capitol View Park, Silver Spring, Maryland 20910
Want to Buy or Sell a Home in Silver Spring or Takoma Park? Visit www.SilverSpringHomeValue.com
For FREE Up to the minute Silver Spring and Takoma Park Maryland real estate market information.

The Seven Oaks Neighborhood in Silver Spring straddles Sligo Creek Park and 2 zip codes in Silver Spring. The boundries follow along Sligo Creek from Dale Drive and Colesville Road at Mrs. K's Tollhouse to the Silver Spring International Middle / Sligo Creek Elementary Schools on one side where the zip code is 20910. The other side of Seven Oaks is located in the zip code 20901 and extends from Colesville Road and Sligo Creek Parkway up to and including part of Franklin Avenue.
The houses are an eclectic mix of single family homes that range from older 1920's stone tudors, spanish revival style, brick colonials, cape cods, bungalows to more modern and contemporary split levels and ramblers.
The old original subdivision of Seven Oaks has a unique collection of Mediterranian Revival or Spanish Eclectic Style Homes on larger than average lot sizes. The two curved stucco stuctures on Franklin Avenue still mark the Ellsworth Drive entrance to the oldest part of the subdivision. 
There are 291 Homes in the Seven Oaks Subdivision located "inside the beltway" under a canopy of towering mature native trees. The Seven Oaks neighborhood offers ready access to Beautiful Sligo Creek Park, the Silver Spring METRO station and all the ammenties of Downtown Silver Spring.
Public Schools
The Montgomery County school system is well known as one of the best in the nation. Public schools serving the Seven Oaks Subdivision:
Highland View Elementary (in zip 20901)
Sligo Creek Elementary (in zip 20910)
Silver Spring International Middle School
Northwood High School
At the high school level the Downcounty consortium is available giving students a choice regarding their academic area of study. The five high schools in the Downcounty cluster include Montgomery Blair, Albert Einstein, John F. Kennedy and Wheaton.
Seven Oaks Silver Spring Real Estate
Of the 291 Single Family Houses in the Legal Subdivision of Seven Oaks there were
8 Sales in 2008
Average List Price in 2008 - $528,225
Average Sold Price 2008 - $427,500
Average Subsidy Contribution from Seller -$3,900
Average Days on Market 2008 - 77
Year to Date January 2009 to Present
There have been 5 Closed Sales
Average List Price 2009 - $499,799
Average Sold Price 2009 - $501,050
Average Subsidy Contribution from Seller -$10,159
Average Days on Market 2009 - 57
Search all Homes currently for Sale Now in the Seven Oaks Subdivsion, Silver Spring, Md 20910 & 20901
Want to Buy or Sell a Home in Silver Spring or Takoma Park, Maryland ?
Get a Free "Real Time" Market Snapshot of the Real Estate Market Activity in Silver Spring or Takoma Park: visit www.SSMarketSnapshot.com
The Building on the corner of Dale Drive and Schulyer Road is getting a face-lift, expansion, a second story and more square footage. When the building is finished with renovations it will become the new home of the Washington Revels.
The Washington Revels is a non profit cultural institution, the current headquarters are on Eastern Avenue in Silver Spring.
"An established cultural institution in the greater Washington area for over 25 years, Washington Revels is dedicated to reviving and celebrating cultural traditions -- music, dance, storytelling, drama and ritual -- that have bound communities together over the ages and across the globe."
Annual events include the professionally staged and directed Christmas Revels at Lisner Auditorium (drawing over 10,000 attendees in mid-December), Spring Celebrations, May Revels, Summer Solstice Festival Day, Harvest Barn Dance, and various Community Sings. Venues for these and many other productions range from outdoor parks to a 1500-seat theater
Before
This small 3,059 Sq Ft commercial building is in a mainly residential Neighbohood of East Silver Spring is in the same block as Silver Spring Intermediate - Sligo Creek Elementary School and Errters Market. The building has had several incarnations.
If you have lived in Silver Spring for a long time you will probably remember it as the Fairway Pharmacy for many many years. It's last incarnation was a consignment shop and Vincent Agnes Florist also had a storefront there for a long time.
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