Today’s View – October 31, 2011 – Aspen Hill – Detached Homes
This is a market report for detached and semi-detached homes in Silver Spring, Md.20906, commonly known as Aspen Hill. Not included in this report are those homes in the senior citizen community of Rossmoor. At the time of this report (10/31/2011) there are 101 such homes on the market FOR SALE, 82 under contract, and another 14 that have sold in the last 30 days.
Two Bedrooms
There is only one two-bedroom detached home in this report area for sale. This home is listed for $190,000 and has been on the market for just over a month (39 days
Three two-bedroom detached or semi-detached homes in this report area are under some form of contract at this time. The last known list price of these homes ranged from $45,000 to $700,000, with the average being $310,000. The days on market for these homes ranges from a week (6 days) to over 13 months (400 days) with the average approaching five months (142 days).
In the last 30 days no two-bedroom detached home in this market place has completed the sales process.
Three Bedrooms
There are 19 three-bedroom detached or semi-detached homes in this market place for sale. These homes range in price from a low of $209,900 to $559,950, with the average being $326,551. The days on market for these homes ranges from less than a week (4 days) to over nine months (280 days) with the average approaching three months (86 days).
There are 16 three-bedroom detached or semi-detached homes in our report area that are under some form of contract. The last known list price of these homes ranged from $79,900 to $299,000, with the average being $233,219. The days on market for these homes ranges from just a week (5 days) to eleven months (336 days) with the average being approaching three months (78 days).
In the last 30 days five three-bedroom detached or semi-detached homes in this market place have successfully completed the sales process. The closing price of these homes ranged from $185,000 to $327,500, with the average being $246,350. The days on market for these homes ranges from over a week (9 days) to over three months (96 days) with the average approaching two months (46 days).
Four Bedrooms
Clearly, the majority of the detached or semi-detached homes on the market in this area are the 50 four-bedroom homes for sale. These homes range in price from a low of $164,950 to $879,780, with the average being $460,428. The days on market for these homes ranges from less than a week (3 days) to over three years, with the average approaching four months (102 days).
There are 42 detached or semi-detached homes in this market place that are under some form of contract. The last known list price of these homes ranged from $100,000 to $795,334, with the average being $319,411. The days on market for these homes ranged from a day to approaching nine months (260 days) with the average being just over two months (68 days).
In the last 30 days five four-bedroom detached or semi-detached homes in this market place have successfully completed the sales process. The closing price of these homes ranged from $265,000 to $779,837, with the average being $425,767. The days on market for these homes ranged from two weeks (17 days) to approaching seven months (203 days) with the average approaching five months (135 days).
Five Bedrooms
There are 25 five-bedroom detached or semi-detached homes in this market place for sale. These homes range in price from a low of $233,000 to $849,900, with the average being $507,885. The days on market for these homes ranges from over a week (9 days) to over 17 months (538 days) with the average approaching four months (113 days).
There are 17 five-bedroom detached or semi-detached homes in this report area that are under some form of contract. The last known list price of these homes ranged from $180,000 to $449,500, with the average being $313,588. The days on market for these homes ranged from just over a week (11 days) to six months (198 days) with the average being just over two months (73 days).
In the last 30 days three five-bedroom detached or semi-detached home in this market place have successfully been sold. The closing price of these homes ranged from $210,000 to $400,000, with the average being $336,667. The days on market for these homes ranged from over three months (99 days) to over nine month (272 days) with the average being over five months (163 days).
Six Bedrooms
There are five six-bedroom detached or semi-detached homes in the report area for sale. These homes range in price from a low of $259,900 to $869,900, with the average being $480,778. The days on market for these homes ranges from a few days to a year (359 days) with the average being six months (174 days).
There are four six-bedroom detached or semi-detached homes in the report area that are under some form of contract. The last known list price of these homes ranged from $25000 to $579,000, with the average being $382,225. The days on market for these homes ranged from two weeks (14 days) to four months (129 days) with the average approaching two months (53 days).
In the last 30 days one six-bedroom detached or semi-detached home in this market place have successfully completed the sales process. This home sold for $250,000 after being on the market for approaching four months (116 days).
Seven Bedrooms
Only one seven-bedroom detached home is currently on the market area for sale. This home is listed at $449,000 and has been on the market for five months (152 days). No seven-bedroom detached home is under contract in the report area and none have successfully completed the sales process in the last 30 days.
If you have any questions about this report, please call me or send me an email. I look forward to helping you.
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