Today’s View – February 22, 2012 – Silver Spring (Downtown) 20910 – Detached Homes
This is a market report for detached in downtown Silver Spring, Md.20910. At the time of this report (02/22/2012) there are 29 such homes on the market FOR SALE, 18 under contract, and another nine that have sold in the last 30 days.
Two Bedrooms
There are no two-bedroom detached home in this report area for sale. There are two two-bedroom 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 $240,000 to $275,000, with the average being $257,500. The days on market for these homes ranges from just over two months (63 days) to just over four months (121 days) with the average being just over three months (92 days). In the last 30 days no two-bedroom detached home in this market place has completed the sales process.
Three Bedrooms
Clearly a majority of the detached homes in this market area are the 16 three-bedroom detached for sale. These homes range in price from a low of $350,000 to $699,900, with the average being $462,069. The days on market for these homes ranges from less than a week (4 days) to nearly seven months (209 days) with the average being over two months (65 days).
There are 6 three-bedroom detached homes in our report area that are under some form of contract. The last known list price of these homes ranged from $220,000 to $637,000, with the average being $456,650. The days on market for these homes ranges from two weeks (12 days) to just over eight months (243 days) with the average being over three months (104 days).
In the last 30 days, two three-bedroom detached homes in this market place have successfully completed the sales process. The closing price of these homes ranged from $330,000 to $396,500, with the average being $363,250. The days on market for these homes ranged from nearly three months (83 days) to nearly four months (119 days) with the average bring over three months (101 days).
Four Bedrooms
There are 13 four-bedroom detached homes in this market area for sale. These homes range in price from a low of $425,000 to $1,049,000, with the average being $631,131. The days on market for these homes ranges from less than a week (4 days) to approaching nine months (262 days), with the average being over two months (78 days).
There are eight detached homes in this market place that are under some form of contract. The last known list price of these homes ranged from $265,000 to $659,900, with the average being $424,100. The days on market for these homes ranged from less than a week (3 days) to nearly eight months (234 days) with the average approaching four months (113 days).
In the last 30 days, four four-bedroom detached homes in this market place have successfully completed the sales process. The closing price of these homes ranged from $479,898 to $1,015,000, with the average being $672,225. The days on market for these homes ranged from a day to approaching three months (83 days) with the average bring over a month (38 days).
Five Bedrooms
There are no five-bedroom detached homes in this market place for sale at the time of this report.
There are two five-bedroom detached homes in this report area that are under some form of contract. The last known list price of these homes ranged from $269,500 to $325,000. The days on market for these homes ranged from three months (91 days) to approaching a year (356 days) with the average being over seven months (224 days).
In the last 30 days, no five five-bedroom detached home in this market place has successfully the sales process.
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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