Bob Force (REALTOR®) Silver Spring Md.

Silver Spring Md. 20906 - Condo - Market Report May 2008

This is a Market Report about Condos in the Silver Spring, Md. zip code of 20906 for the month of May 2008. Excluded from this are the homes in the active seniors community of Leisure World.

As of 6/12/08 there are 61 Condos on the market in this area, with configurations ranging from 1 to 4 bedrooms, and list prices ranging from $111,625 to $299,000.

There are currently only 8 Condos under contract in this area, and 4 went to closing during the month of May.

One- Bedroom Homes

Of these homes only six are one-bedroom homes. The current list price of these homes range from a low of $111,625 to a high of $259,900, with the average being $162,421. None of these homes where new to the market in May. The longest on the market is near 9 months (268 days), while the average is a little over 3 months (95 days).

There are no one-bedroom condos under contract at this time, nor has any one-bedroom condo gone to the closing table during the month of May.

Two-Bedroom Homes

Of these homes on the market 37 were two-bedroom homes. The current list price of these homes range from $189,900 to $291,900, with the average being $219,886. Eleven of these homes were new to the market since May first. The longest on the market is over 11 months (408 days), while the average being close to 3 and a half months (104 days).

There are 6 two-bedroom Condos under any form of contract at the time of this report in the market area. The days on market ranged from near 2 months (57 days) to near 10 months (357 days), with the average being near 6 and a half months (195 days).

There where 3 two-bedroom Condos that went to settlement during this time frame. The closing price of these homes ranged from $129,000 to $229,900, with the average being 186,600. The days on the market ranged from 44 to 269, with the average being just over 5 months (153 days).

Three-Bedroom Homes

Seventeen of these Condos on the market were three- bedroom homes. The current list price of these homes ranged from $140,000 to $299,000. with the average being $226,012. Six of these were new to the market place since May first. The longest has been on the market for near eight months (235 days), with the average being near 2 and a half months (75 days).

Just two three-bedroom homes went under some form of contract during the month. The last known list prices of these homes ranged from $200,000 to $208,900, with the average being $204,450. The days these home were on the market ranged from near five months (143) to near six months (179 days).

Only one three-bedroom homes went to the closing table during May. The home sold for $265,000, with a seller subsidy of $11,1000. The home was on the market for less than 1 week (4 days).

Four-Bedroom Homes

Only one of these Condos on the market were four-bedroom homes. The current list price of this home range is $209,900. This home has been on the market for just over two months (69 days).

No four-bedroom Condo is currently under contract in this market place.

Nor has a four-bedroom Condo gone to the closing table since May 1 either.

20906 Townhouse - May 2008 Market Report

This is a Market Report about Townhouses in the Silver Spring, Md. zip code of 20906 for the month of May 2008. Excluded from this are the homes in the active seniors community of Leisure World.

As of 6/1/08 there are 100 Townhouse on the market in this area, with configurations ranging from 2 to 5 bedrooms, some with garages, most with basements, and list prices ranging from $165,900 to $479,900.

There are currently 17 Townhouse under contract in this area, and an additional 11 went to closing during the month of May.

Two-Bedroom Homes

Of these homes on the market only eleven were two-bedroom homes. The current list price of these homes range from $165,900 to $339,000, with the average being $273,2000. Only two of these homes was new to the market this month. The longest on the market is just over a year (3368 days), while the average is a little over 5 months (15 days).

There are no two-bedroom Townhouses under any form of contract at the time of this report in the market area.

No two-bedroom Townhouse went to settlement during this time frame either.

Three-Bedroom Homes

Fifty nine of these Townhouse on the market were three- bedroom homes. The current list price of these homes ranged from $249,900 to $474,900, with the average being $349,778. Ten of these were new to the market place during the month. The longest has been on the market for near fourteen months (392 days), with the average being just over 3 months (91 days).

Seven three-bedroom homes went under some form of contract during the month. The last known list prices of these homes ranged from $252,000 to $429,900, with the average being $334,829. The days these home were on the market ranged from again close to one week (4 days) to just over eight months (250 days), with the average being close to 2 months (62 days).

Seven three-bedroom homes went to the closing table during May. Their sold prices ranged from $291,000 to $400,000, with the average being $339,100. The days on market ranged from near a month (27 days) to near eight months (235 days), with the average being near 3 months (88 days).

Four-Bedroom Homes

Twenty nine of these Townhouse on the market were four-bedroom homes. The current list price of these homes range from $265,000 to $439,328, with the average being $347,113. Seven of these were new to the market this month. The longest on the market is near twenty-two months (672 days), with the average being just over four months (138 days).

Some 9 four-bedroom homes went under some form of contract during May. The last known list prices ranged from $251,900 to $419,333, with the average being $303,981. The days on market ranged from nearly a week (6 days) to over ten months (306 days), with the average being near three months (91 days).

There were a total of four four-bedroom homes where successfully closed during the month of May. Their sold prices ranged from $245,000 to $365,000, with the average being $299,750. The days on market ranged from near a month (36 days) to over eleven months (341 days), with the average just over of 5 months (159 days).

Five-Bedroom Homes

There is only one five-bedroom Townhouse on the market at this time. The current list price of this home is $300,000, and it has been on the market for nearly two months (66 days).

Only one five-bedroom homes went under some form of contract in the month of May. The last known list price was $354,900. The home were on the market for three week (23 days).

No five-bedroom Townhouse went to the closing table in the month of May.

Silver Spring Md. 20906 -Detached Homes - May 2008 Market Report

This is a Market Report about detached homes in the Silver Spring, Md. zip code of 20906 for the month of May 2008. Excluded from this are the homes in the active seniors community of Leisure World.

As of 6/1/08 there are 224 detached homes on the market in this area, with configurations ranging from 2 to 6 bedrooms, lots from around .1 acre to over 2.5 acres, and list prices ranging from $210,000 to $1,200,900.

There are currently 44 detached homes under contract in this area, and an additional 11 went to closing during the month of May.

Two-Bedroom Homes

Of these homes on the market only four were two-bedroom homes. The current list price of these homes range from $234,900 to $365,000, with the average being $294,350. Only one of these homes was new to the market this month. The longest on the market is just over a year (379 days), while the average is a little over 6 months (199 days).

Four two-bedroom homes went under some form of contract during the month. The last known list prices ranged from $213,900 to $279,900, with the average being $248,175. The days these homes were on the market ranged from just under a month (27 days); the longest was near seven months (228 days), and the average was just over three months (98 days).

Only one two-bedroom home went to settlement during this time frame. That home sold for $313,500 and was on the market for nearly six months (176 days).

Three-Bedroom Homes

Fifty one of these detached homes on the market were three- bedroom homes. The current list price of these homes ranged from $210,000 to $500,000, with the average being $353,768. Nine of these were new to the market place during the month. The longest has been on the market for just over a year (370 days), with the average being just over 3 months (98 days).

Eight three-bedroom homes went under some form of contract during the month. The last known list prices of these homes ranged from $240,000 to $359,900, with the average being $307,938. The days these home were on the market ranged from again close to one month (26 days) to nearly a year and a half (466 days), with the average being close to 5 months (148 days).

Three three-bedroom homes went to the closing table during May. Two existing homes sold for $239,000 and $230,000, after being on the market for an average of three and a half months at 99 days. One new construction home sold for $589,000.

Four-Bedroom Homes

Clearly a majority of the detached homes on the market at this time are the 103 four-bedroom homes. The current list price of these homes range from $249,999 to $1,200,900, with the average being $439,912. Twenty one of these were new to the market this month. The longest on the market is over two years (759 days), with the average being just over four months (125 days).

Some 21 four-bedroom homes went under some form of contract during May. The last known list prices ranged from $233,900 to $697,000, with the average being $381,545. The days on market ranged from under a month (16 days) to over six months (186 days), with the average being near three months (97 days).

Seven four-bedroom homes where successfully closed during the month of May. Their sold prices ranged from $339,000 to $470,000, with the average being $404,571. The days on market ranged from near a three weeks (23 days) to over thirteen months (393 days), with the average just short of 5 months (149 days).

Five-Bedroom Homes

Fifty four of these detached homes are five-bedroom homes, eleven of which were new to the market in the month of May. The current list price of these homes range from $249,000 to $999,924, with the average being $485,020. The longest time on the market is near 22 months (683 days), while the average is just over 5 months (153 days).

Seven five-bedroom homes went under some form of contract in the month of May. The last known list prices ranged from $244,900 to $549,999, with the average being $391,907. These homes were on the market from one week (7 days) to near 14 months (420 days), with the average be just over four months (124 days).

No five-bedroom detached homes went to the closing table in the month of May.

Six-Bedroom Homes

Twelve six-bedroom homes were active at the end of the month of May. The current list price of these homes range from $299,900 to $1,199,000, with the average being $541,292. Only one of these homes was new to the market in May. The longest has been on the market for nearly 10 months (299 days), and the average is near three and a half months (105 days).

Four six-bedroom homes went under contract in the month of May. The last known list prices ranged from $249,000 to $380,000, with the average being $326,425. The days on market ranged from just over one month at 39 days to just short of 7 months at 205 days, with the average being near four and a half months at 138 days.

No six-bedroom detached homes in the 20906 zip code went to the closing table in May.

For more informantion on any housing in Silver Spring Md, please check out my website.

Kimberly Place - Silver Spring Md. 20906 - Market Report May 2008

There are currently seven (7) homes FOR SALE in this subdivision of Silver Spring , Md. 20906. These homes range in size from two-bedroom single level dwellings to three- and four- bedroom townhouses. There is only one (1) home currently under contract and one (1) that has gone to the closing table in the month of May.

In the two-bedroom set there is only one (1) home that is currently on the market listed for $165,000, and it has been on the market for near three months. The one home in the community that is under contract is a two-bedroom home that was last listed for $179,000 and was on the market with the current realtor for just over 5 months (153 days). The one in the community that sold during the month was also a two-bedroom home that was originally listed for $214,000, last listed for $208,000, and sold for $200,000 with a seller subsidy of another $12,000. This home had been on the market for a total of 269 days, with the last realtor having listed it for 105 days.

Clearly the majority of the homes in the community are three- bedroom townhouses and there are 5 of these homes currently on the market. The current list prices of these homes range from $249,900 to $313,000, with the average being $292,840. The days on market range from a little over a month (35 days) to a little over a year (388 days), with the average being a half year (180) days. There are no three- bedroom homes under contract , nor have any gone to the closing table this month.

There is only one four- bedroom townhouse in this community currently on the market for sale. This home is listed for $299,900 and has been on the market for near three months (85 days). No four- bedroom homes have gone under contract or to the closing table in the month of May either.

There are currently no homes FOR RENT in the Kimberly Place subdivision.

If more information is needed about this subdivision or any other in the Silver Spring, Md. 20906, please check my website: robertforce.point2agent.com or give me a call at (301) 237-2277.

Several weeks back I talked about the contest to find the teen Park spokesperson (Park Star Search). Well the process starts soon, with auditions on March 29 and again on April 5. So re - read the post, get out and try out, or learn how to participate in the selection process.

I also recently told you about the parks program to plant a tree and how to registering for a summer camp programs.

Well today is about the summer intern program to be offered by the Parks and Planning Department for College students. They will be conducting interview for position in Mid April and announcing the selection by Mid May. If know of student interested in regional or community planning, architecture, landscape architecture or urban design, urban studies or geography, environmental planning or science, historic preservation, or a slew of other related fields have them check out this opportunity to learn and get paid too.