Silver Spring (Colesville), Md 20905- Market Report - January 26,2010
This is a market report on the homes for sale in the Silver Spring Md. 20905 zipcode (Colesville). The information is taken from the Metropolitan Regional Information System (MRIS) on January 26, 2010. For similiar reports on other areas of Silver Spring check out this report.
There are a total of 44 listings for sale at the time of this report, this count is down slightly since my last report. The least expensive home for sale is a two bedroom one bath detached home on a half acre of ground listed at $179,900. While there are six and seven bedroom homes on the market, the most expensive home in the Colesville section of Silver Spring, Md. on the market at this time is a five bedroom, four full baths one half bath detached home with a two car garage on over four acres (4.6 ac) listed for $1,095,000. The average price for the set of homes is $510,989. While some are new to the market within the last week and several have been on the market for over a year, the average days on market since initially listed for sale is approaching five months (141 days).
There is currently a total of 36 homes in the Colesville section of Silver Spring Md., where an offer to purchase has been accept by the owner. The last know list prices of these homes ranged from a low of $150,000 for a two-bedroom home to a high of $1,099,000 for a six bedroom home. The days on market for these homes averaged two and a half months (75 days).
Since December 26, 2009, five homes in the Colesville section of Silver Spring Md. have been successfully sold. The closing prices on these homes ranged from a low of $290,000 to a high of $495,000. The days on market with the last Realtor ranged from less than a week (4 days) to slightly more than seven months (217 days), with the average being slightly over two month (64 days).
During the same period last year (12/26/08 to 1/26/09), 6 homes in the Colesville section of Silver Spring Md. were successfully sold. The closing prices on those homes ranged from a low of $224,000 for a three bedroom twonhouse to a high of $575,000 for a four bedroom home three bath detached home. The days on market with the last Realtor ranged from just over a week (9 days) to nearly a year and a half (532 days), with the average aproaching five months (143 days).
Two Bedrooms
There is currently only one two-bedroom homes on the market for sale in the Colesville section of Silver Spring Md.. The list price of this home range is $179,900 and it has been on the market for to over 15 months (406 days) with the current Realtor.
There are currently three two-bedroom homes under contract in the Colesville section of Silver Spring Md. The last known list price of this homes ranges from $170,000 to a high of $215,000. The time on market with the current Realtor ranges for these homes was slightly over two months (74 days).
Since December 26, 2009 no two-bedroom home has gone to the closing table in the Colesville section of Silver Spring Md.
Three Bedrooms
There are currently six three-bedroom homes on the market for sale in the Colesville section of Silver Spring. The list prices of these homes range from $150,000 to $330,000; with the average being $224,833. The days on market for the set range from less than a week (2 day) to slightly over six months (191 days) with the current Realtor; the average being a month and a half (46 days).
There are six three-bedroom homes currently under contact in the Colesville section of Silver Spring Md. The last known list prices of these homes ranged from a low of $150,000 to a high of $359,900, with the average being $236,317. The days on market with the current Realtor before the offers were accepted ranged from just under a week ( 1 day) to nearly four months (108 days), with the average being over one month (45 days).
Since December 26, only one three-bedroom the Colesville section of Silver Spring Md. homes have successfully reached the closing table. The closing price the this home was $290,000, and it was on the market with the current Realtor for just over two months (62 days).
Four Bedrooms
There are at this time 19 four-bedroom homes on the market for sale in Colesville section of Silver Spring Md. The list prices of these homes range from a low of $325,000 to $649,352, with the average being $461,274. The days on market for the set range from less than a week (2 day) to approaching 16.5 months (495) days with the current Realtor, with the average being slightly over three months (99 days).
Currently there are 16 four-bedroom homes under contract in the Colesville section of Silver Spring Md. The last known list prices of these homes ranged from a low of $280,000 to a high of $1,099,000, with the average being $428,281. The days on market for these homes went from a week (7 days) to approaching seven months ( 208 days), with the average being nearly two months (64 days) with the current Realtor.
Since December 26, four four-bedroom the Colesville section of Silver Spring Md. homes have successfully reached the closing table. The closing prices have ranged from $328,000 to $386,300. The days on market with the last Realtor ranged from just a week (4 days) to nearly seven months (217 days), with the average being near two months (64 days).
Five Bedrooms
There are at this time eight five-bedroom homes on the market for sale in the Colesville section of Silver Spring Md. The list prices of these homes range from a low of $389,900 to $1,095,000; with the average being $599,457. The days on market for the set range from less than a week (1 day) to nearly ten months (295 days) with the current Realtor, the average for the set being approaching five months (136 days).
There are currently eight five-bedroom homes under contract in the Colesville section of Silver Spring Md. The last known list prices of these homes ranged from a low of $429,900 to a high of $950,000, with the average being $625,397. The days on market for these homes went from less than a week (3 days) to just over four months ( 126 days), with the average being near two months (62 days) with the current Realtor.
No five-bedroom home in the Colesville section of Silver Spring Md. has gone to closing table during the period of this report.
Six Bedrooms
There are just four six-bedroom home on the market for sale in the Colesville section of Silver Spring Md. The list prices of these homes range from a low of $750,000 to $1,049,000; with the average being $921,238. The days on market for the set range from about a month (35 day) to approaching seven months (210 days) with the current Realtor, with the average for the set being slightly under of four months (15 days).
Currently there are three six-bedroom homes under contract in the Colesville section of Silver Spring Md. The last known list prices of these homes ranged from a low of $419,900 to a high of $998,000, with the average being $670,933. The days on market for these homes went from a little over five months (156 days) to just nearly a year (359 days), with the average being near seven months (226 days) with the current Realtor.
No six-bedroom home in the Colesville section of Silver Spring Md. has gone to closing table during the period of this report.
Seven Bedrooms
There is only one seven-bedroom home on the market for sale in the Colesville section of Silver Spring Md. at this time. The list price of this home is $500,000 and it has been on the market with the current Realtor for slightly over 16 months (493 days).
There are no seven-bedroom homes under contract in the Colesville section of Silver Spring Md., nor has there been a seven-bedroom going to the closing table since December 26, 2009.
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