8045 Newell Street (by Patriot Group) is a five story, 120 unit condominium building.  This building was completed and already Sold out in 2005. This market report is for the last 6 month period May 4 through November 4th 2007.  All units are resales reported in the Metropolitan Regional Information Service (MRIS)

3 Active For Sale Listings
1)  2 Bedroom - 2 Bath 2nd floor unit  (1,222 sq ft)  Asking  - $420,000
Days on Market - 47

2)  1 Bedroom - 1 Bath 2nd floor unit (817 sq ft) Asking - $309,900 
Days on Market - 75

3)  1 Bedroom - 1 Bath 5th floor unit
(820 sq ft) - Asking $325,000 
Days on Market - 92

1 Listing is Under Contract
2 Bedroom - 1 Bath - Asking $339,000 1st floor unit (883 sq ft)
Days on Market 170

3 Sold Listings
1)  2 Bedroom - 1 Bath - 2nd floor unit (883 sq ft) Days on Market - 140   
List Price - $335,000
Sold Price - $330,000

2)  1 Bedroom - 1 Bath (no sq ft info) - 
2nd floor unit Days on Market 32
List Price - $309,900 Sold Price - $299,900

3)  2 Bedroom - 2 Bath - 3rd Floor
(1,255 sq ft) Days on Market - 44
List Price - $439,900 Sold Price - $439,900 (9,000 seller subsidy)

8 Listings were Expired and or Withdrawn from the Market
All units except 1 were 1 Bedroom 1 Bath Units
Average List Price - $365,000
Average Days on Market - 147 Days


If you are thinking about Selling Your Silver Spring Condominium - Call on Debbie Cook and The Silver Spring Team for a No Obligation Market Report on Your Silver Spring Condominium. With our 21 years of Experience and our Enthusiasm for Silver Spring, we know how to get Silver Spring Condos Sold Fast and for Top Dollar in the Current Silver Spring Real Estate Market.
 
           Click for an Over the Net Comparative Market Analysis (CMA) of your Silver Spring Home's Value