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Detached homes in Silver Spring, Md. 20906 - market report Jan 2011

By
Real Estate Agent with Weichert Realtors - Aspen Hill MD581725

Detached homes in Silver Spring, Md. 20906 - market report Jan 2011

This is a market report for detached homes in the Silver Spring Md. 20906 zip code, not including those in the gated senior citizen community of Rossmoor.  At the time of this report on January 25, 2011 there are 100 such homes on the market for sale.  The current list price of these homes ranges from $159,900 to $995,000, with the average being $402,358.  The days on market with the current realtor ranges from less than a week to over two years, with the average being near four months (119 days).

There are at the time of this report 50 detached homes in the report area under contract.  The last known list price of these homes ranged from $150,000 to $599,000, with the average being $269,054.  The days on market with the current realtor ranged from less than a week to nearly 18 months (518 days), with the average approaching 3 months (82 days).

Since December 1, 2010, some 35 detached homes in the report area have successfully gone to closing.  The sold prices of these homes ranged from $145,000 to $730,000, with the average being $326,734.  The days on market ranged from less than a week to nearly 15 months (435 days); with the average being nearly 2 months (63 days).

During the same time period last year a total of 42 detached homes in the report area closed.  The closing prices during that time ranged from $124,344 to $521,600, with the average being $307,174.  The days on market ranged from less than a week to near seven months (202 days), with the average being just over a month (35 days).  While it is taking a little longer to sell the average price is coming up.

Posted by

Robert J. Force
Weichert Realtors - Silver Spring / Aspen Hill
3816 International Dr        
Silver Spring, Md. 20906

            
(301) 237-2277  (c)
(301) 681-0550  (O)

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