Silver Spring Md. 20906 - Kimberly Place Subdivision - Market Report - Nov 2009

This market report is to cover the recent activity in the townhouse garden apartment subdivision of Kimberly Place in the Silver Spring Md., 20906. At the time of this report (11/8/2009) there are a total of four townhouses on the market for sale and another for rent.

The one for rent is a three-bedroom two full bath, one half bath townhouse listed for $1,700.  This home has been on the market for just a week (7 days).  There are no homes where rental applications are under consideration by the landlord at this time in the community.

Of those for sale two are two-bedroom two full bath garden apartments which are listed for $89,900 and $90,000.  One home has been on the market with the current Realtor for just over a week (9 days), and the other for six months (180 days).  There are no two-bedroom two full bath townhouses under contract at the time of this report. No two-bedroom two full bath has gone to the closing table during the time of this report.

 At the time of the report there are also two three-bedroom two full bath one half bath townhouses on the market for sale.  The list prices of these homes range for a low of $190,000 to a high of $194,900.  The days on market with the current Realtor ranges from a week (7 days) to nearly two weeks (14 days).

There are currently three three-bedroom two full bath one half baht townhouse under contract as well. The last known list prices of these homes range from $140,000 to $199,900; with the average being $163,297.  The days on market with the current Realtor ranges from short of a month (27 days) to just over four months (126 days); with the average being just over two months (64 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 $175,000 and was on the market for five months (150 days).

There are currently no four-bedroom three full bath townhouses on the market in this community; but one is under contract.  There is one under contract at this time.  The home was last listed at $200,000 and was on the market for just short of a month (27 days) with its current Realtor.

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.