Silver Spring Md. Montgomery Chase subdivision - Market Report - Oct 2009

This market report is to cover the recent activity in the townhouse subdivision of Montgomery Chase in the Silver Spring Md, 20906. At the time of this report (11/1/2009) there are a total of six townhouses on the market for sale and another for rent.

The one for rent is a three-bedroom two full bath home listed for $1,575.  This home has been on the market for less than two months (48 days).  There no homes where rental applications are under consideration by the landlord at this time in the community.

Of those for sale one is a two-bedroom one full bath which is listed for $180,000 and has been on the market with the current Realtor for less than two weeks (8 days).  There are two two-bedroom one full bath townhouses under contract at the time of this report.  The last known list price of these two homes was $164,900 and $175,000.  The days on market with current Realtor were an average of nearly three weeks (25 days).

There are no two-bedroom two full bath townhouses on the market at the time of this report, but there is one under contract.  The last known list price of this home is $188,500 and it was on the market with the current Realtor for a month (30 days).  No two-bedroom two full bath has sold in the report period.

At the time of the report there are four three-bedroom two full bath homes on the market for sale.  The list prices of these homes range for a low of $180,000 to a high of $370,000; with the average being $264,731.  The days on market with the current Realtor ranges from three weeks (21 days) to nearly seven months (207 days); with the average being a little over three months (109 days).

There are currently four three-bedroom two full bath townhouse under contract as well. The last known list prices of these homes range from $168,500 to $250,000; with the average being $195,125.  The days on market with the current Realtor ranges from short of two weeks (12 days) to just over three months (69 days; with the average being just short of a month (29 days).

Since October 1^st of this year only one three-bedroom two full bath townhouse has gone to the closing table.  This home sold for over last price at $213,080 and was on the market for less than a week (5 days).

If I or my team can help with your real estate needs, please feel free to contact me by any of the following methods - my web page,  email, or (301) 237-2277.