Bob Force (REALTOR®) Silver Spring, Md.

Silver Spring Md. 20906 - Foxhall - Current Market Report Jan 2008

6 Bedroom homes

There is only one 6 bedroom 4 Level Split that went under contract in the Foxhall subdivision of Silver Spring Md. recently that has not gone to the Closing table just yet. The last list price was $459,990 and was most recently on the market for 55 days; but on and off for close to 8 months (233 days) since it initially placed on the market.

There are currently no 6 bedroom homes FOR SALE or under contract in Foxhall.

5 Bedroom homes

As of today (1/25/08), there is only one 5 bedroom Rancher that is on the market FOR SALE in this subdivision currently on the market. This home has been on the market for near 6 months now (142 days) and on and off for nearly 11 months (317 days) since initially being placed on the market for this transaction.

There is not 5 bedroom homes under contract in Foxhall.

Since November 2007 only two 5 bedroom homes in Foxhall went to the closing table. Their most recent list prices where $399,999 and $429,900; the average being $414,950. These homes where on the market for 86 and 401 days, the average being 244 days.

4 Bedroom homes

At the time of this report only three 4 4bedroom homes in Foxhall are on the market FOR SALE. While one is a new listing, having be on the market for only 3 days; the other two have been on the market most recently for close to 11 months (293 and 325 days). These homes had list prices that range from $399,000 to $499,000; averaging $449,000.

In December 2007 one 4 bedroom Split level reached the closing table. This home sold for $430,000 ( $100 above last list price) after being on the market for most recently for 60 days and a total of just over 6 months (196 days).

There are currently no 4 bedroom homes in Foxhall on the market for sale.

FOR RENT

There is only one 4 bedroom Split level on the market FOR RENT, it has been on the market for less than 1 month (14 days).

Silver Spring Md. 20906 - Rentals - Dec 2007 Market Report

This market report is for all units FOR RENT in the 20906 zip code excluding those in the active senior's community of Leisure World. As for this date (1/21/08) there are currently 41 units FOR RENT in this market place and 10 were LEASED during the month of December. Of the 41 units 11 were added to or came back on the market in December and not leased by the end of the month and 2 have come on the market or returned to the market in January.

On the same day there were a total of 194 Rentals on the market in all of Silver Spring Md. and 882 in all of Montgomery County. These two counts are only those that have been on the market for less than according to the Multi-Listing service - MRIS which covers the area.

5 Bedroom Rentals

Of the 41 there are 4 five bedroom Rentals on the market in this group. They range in price from $2,000 to $2,600; with the average being $2,275. The average number of days these units have been on the market is near 1 month at 27 days, the longest being near 2 months at 56 days.

There was only 1 five bedroom units RENTED in December, that unit rented for $2,499 and was on the market for only 17 days. No five bedroom units were added to the market in December.

4 Bedroom Rentals

Of the 41 there are 9 four bedroom Rentals on the market in this group. They range in price from $1,750 to $3,000; with the average being $2,261. While some are new to the market this month, he average number of days these units have been on the market is near 2 month at 55 days, the longest being just over 6 months at 199 days.

There were 3 four bedroom units RENTED in December, the rents ranged for $1,395 to $2,100 with an average of $1,665. The days on market ranged for 23 to 51 with the average being close to a month and a half at 41 days. No four bedroom units were added to the market in December.

3 Bedroom homes

Of the 41 there are 18 three bedroom Rentals on the market in this group. They range in price from $1,495 to $2,000; with the average being $1,759. While a few have come on the market since Jan 1, the average number of days on the market is near 6 months at 174 days, the longest being nearly 7 months at 205 days.

Five 3 bedroom units where RENTED in December, where the rents ranged from $1,350 to $1,900 with an average of $1,640. The days on market ranged from 18 to 87, with the average being near a month and a half at 46 days. A total of seven 3 bedrooms were added to the market in December.

2 Bedroom homes

Of the 41 there are 32 two bedroom Rentals on the market in this market place. They range in price from $1,150 to $1,550; with the average being $1,351. The days on the market range from 12 to 160 days, with the average being close to 2 months at 58 days.

No 2 bedroom units where Rented during December and 4 units were added to the market during the month..

1 Bedroom

There is currently no 1 bedroom Rentals on the market in this market place. There was a Rental of a 1 bedroom apartment in December, the rent was $999 and was on the market for just over 1 month at 46 days. No 1 bedroom unit was added to the market in December.

Zip code 20906 - Condo Apartment - Dec 2007 Market Report

This market report is for Condo Apartments FOR SALE in the 20906 zip code excluding those in the active senior's community of Leisure World. As for this date (1/21/08) there are currently 43 Condo Apartments FOR SALE in this market place, only 1 home went under contract during the period and 8 were SOLD during the month of December. Of the 43 homes 6 were added to or came back on the market in December and not put under contract by the end of the month and 10 have come on the market or returned to the market in January.

On the same day there were a total of 138 Condo Apartments on the market FOR SALE in all of Silver Spring Md. and 693 in all of Montgomery County.

3 Bedroom homes

Of the 43 there are 8 three bedroom Condo Apartments on the market in this group. They range in price from $215,000 to $299,000; with the average being $261,888. While a few have come on the market since Jan 1, the average number of days on the market is near 3 months at 86 days, the longest being nearly 12 months at 345 days.

While no 3 bedroom Condo Apartments went under contract during the month of December, 5 Condo Apartments did go to closing table. The last list prices for these homes ranged from $239,000 to $279,900 with the average being $258,570. While one of these homes came on the market in December, the average days on the market was just over 4 months at 134 days.

2 Bedroom homes

Clearly the majority of this group are 32 two bedroom Condo Apartments on the market in this market place. They range in price from $139,000 to $287,000; with the average being $215,962. The days on the market range from 9 to 352 days, with the average being close to 4 and half months at 133 days.

Only 1 two bedroom Condo Apartments went under contract in December, with its last list price being $255,000 and was on the market for just short of 12 months at 236 days.

There were 2 two bedroom Condo Apartment went to the closing table during the month of December, with their last list being $195,000 and $219,000; the average days on the market was just short of 4 months at 118 days.

1 Bedroom

While rare there are 3 one bedroom Condo Apartments on the market in this zip code. Their list prices range from $138,000 to $169,000. The days on the market range from 92 to 134 days, an average of close to 4 months at 117 days.

While no 1 bedroom Condo Apartment went under contract; but one did go to the closing table. The last list price of that home was $154,000 and was on the market for just over 4 months at 127 days.