Todays View - July 02, 2011

This is a market report for garden apartment in the senior citizen community of Rossmoor in Silver Spring, Md. 20906.  At the time of this report (7/2/2011) there is a total of 28 such homes on the market FOR SALE, five under contract, and another 4 that have sold in the last 30 days.

One Bedroom

Four of those for sale are one bedroom apartments, ranging in size from 800 to 946 sq ft.  The current list price of these homes range from $61,000 to $80,000; with days on the market ranging from just over two months (62 days) to very near a year (351 days) with the average being just short of seven months (200 days).

Currently there is only one home of this configuration under contract, with the last known list price being $63,000 and days on market being near 15 months (451 days).

There have been no such configured apartments successfully sold in the last 30 days.

Two Bedrooms

There are 16, two bedroom garden apartments on the market for sale in the Rossmoor community at this time.  These homes are currently listed from $87,000 to $229,000; with the average being $128,891.  The days on market range from short of two weeks (10 days) to near 15 months (451 days), with the average being a little over 4 months (139 days).

Currently there are four two bedroom garden condo apartments under contract in the community of Rossmoor.  These homes were last listed for $89,528 to $$199,000; with the average being $142,507.  The days are market for this set of homes ranged from slightly over a month (39 days) to just over five months (159 days), with the average being just over three months (96 days).

In the last 30 days, four two bedroom garden apartment condos have gone to closing in the community of Rossmoor.  The closing prices have ranged from $90,000 to $297,000; with the median price being $94,950.  The days on market ranged from two weeks (14 days) to just about ten months (303 days), with the average being nearly four months (118 days).

Three Bedrooms

Eight of the condo garden apartments for sale in the community of Rossmoor are three bedroom homes.  These homes are listed from $112,900 to $325,000; with the average being $168,275.  The days on market range from less than a week (4 days) to near nine months (269 days), with the average being slightly over two months (69 days).

There are no apartments of this configuration in this community of Rossmoor under contract and none have sold in the last 30 days.

If you have any questions about this report, please call me or send me an email.