Silver Spring Md. 20906 - Condo - Market Report - October 2009

This market report is to cover Condos FOR SALE in the Silver Spring Md. 20906 zip code, except for those in the senior citizen community of Leisure World.  If information on Leisure World is desired, that can be found in a separate post.  At the time of this report (10/26/09) there are 31 units available for sale in the area cover by this report.  While there are one-bedroom homes on the market for sale, the least expensive is a two-bedroom one full bath home on the market for $59,000. The most expensive is a three-bedroom two full baths listed for $215,000.

There are another 20 homes that are under contact at the time of the report.  Since September 26 there have been a total of only 3 completed sales of Condos in the report area.

One Bedroom

There are seven one-bedroom one full bath condo units on the market in this market at the time of this report.  The least expensive is listed for $99,900, the most expensive is listed at $189,000, and the average is #132,881. The days on market (with the current Realtor) range from just over a month (35 days) to nearly eight months (237 days), with the average approaching four months (106 days).

These are currently two one-bedroom condos under contact in the report area.  These two homes were last listed at $85,000 and $140,000. They were on the market for an average of nearly two months (53 days).

There has been a completed sale of just one one-bedroom condo in the market area of this report since September 26, 2009.  That condo sold for $52,000 after being on the market for five months (155 days).

Two Bedroom

There are also seven two-bedroom one full bath condo units on the market in this market at the time of this report.  The least expensive is listed for $59,900 and the most expensive is listed at $149,900, with the average being $113,100.  The days on market (with their current Realtor) range from just about two weeks (19 days) to nearly 20 months (620 days), with the average approaching ten months (304 days).

These are currently two two-bedroom one full bath condos under contact in the report area.  These two homes were last listed at $116,000 and $144,900. They were on the market with their current Realtor for approaching four months (102 days) and over 14 months (436 days) for an average of nearly nine months (269 days).

No two-bedroom one bath condo has gone to the closing table during the time frame of this report.

There are eight two-bedroom two full bath condo units on the market in this market at the time of this report.  The least expensive is listed for $65,000 the most expensive is listed at $169,900, with the average being $114,688. The days on market for this set of homes with their current Realtors ranges from less than a week (4 days) to over six months (195 days), with the average nearly three months (83 days).

These are currently four two-bedroom two full bath condos under contact in the report area.  These two homes were last listed at $50,000 and $200,000. They were on the market with their current Realtor from less than two weeks (12 days) to a month and a half (45 days), with the average being three weeks (24 days).

There has been a completed sale of just one two-bedroom two bath condo in the market area of this report since September 26, 2009.  That condo sold for $100,000 after being on the market for nearly three months (79 days).

Three bedroom

There is just one three-bedroom one full bath condo on the market in this market.  The home is listed for $85,000, and his been on the market with its current Realtor for a little over three months (95 days).

There is no three-bedroom one full bath condo in this market area under contract.

No thee-bedroom one bath condo has gone to the closing table during the time frame of this report.

There are eight three-bedroom two full bath condo units on the market in this market at the time of this report.  The least expensive is listed for $79,900 the most expensive is listed at $215,900, with the average being $145,690. The days on market for this set of homes with their current Realtors ranges from just over a week (8 days) to nearly eight months (230 days), with the average nearly three months (95 days).

There are currently 12 three-bedroom two full bath condo units under contact in the market area of this report.  The last known list price of these homes ranged from $71,900 to $219,000, with the average being $132,958.  The days on market with current Realtor ranged from less than a week (6 days) to close to one year (351 days), with the average being three months (93 days).

There has been a completed sale of just one three-bedroom two bath condo in the market area of this report since September 26, 2009.  That condo sold for $98,500 after being on the market for just two months (61 days).