Today’s View – May 01, 2012 – Aspen Hill – Detached Homes

Today’s View – May 01, 2012 – 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 (05/01/12) there are 69 such homes on the market FOR SALE, 92 under contract, and another 35 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 $500,000 and has been on the market for year and a half (544 days).

Five 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 $185,000, with the median price being $170,000.  The days on market for these homes ranges from a day to three weeks (21 days) with the median being two weeks (14 days).  

In the last 30 days no two-bedroom detached home in this market place has completed the sales process. 

Three Bedrooms

There are 13 three-bedroom detached or semi-detached homes in this market place for sale. These homes range in price from a low of $250,000 to $699,900, with the median being $349,000.  The days on market for these homes ranges from less than two weeks (11 days) to over 15 months (460 days) with the median being over two months (61days).

There are 19 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 $140,000 to $335,000 with the median being $235,000.  The days on market for these homes ranges from just a day to approaching eight months (239 days) with the median being over a month (35 days).

In the last 30 days nine three-bedroom detached home in this market place have successfully completed the sales process. The closing price of these homes ranged from $220,000 to $321,000 with the median being $257,750.  The days on market for these homes ranges from a week (5 days) to approaching seven months (197 days) with the median being over a month (40 days).

Four Bedrooms

Clearly, the majority of the detached or semi-detached homes on the market in this area are the 38 four-bedroom homes for sale. These homes range in price from a low of $264,900 to $787,754, with the median being $484,902.  The days on market for these homes ranges from a day to over 13 months (390 days), with the median being over two months (76 days).

There are 45 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 $150,000 to $775,000, with the median being $315,000.  The days on market for these homes ranged from a day to eight months (245 days) with the median being just over two weeks (17 days).

In the last 30 days 18 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 $186,000 to $699,900, with the median being $288,970.  The days on market for these homes ranged from a day to over seven months (211 days) with the median bring over two months (65 days).

Five Bedrooms

There are 13 five-bedroom detached or semi-detached homes in this market place for sale. These homes range in price from a low of $250,000 to $849,900, with the median being $482,946.  The days on market for these homes ranges from two days to over 14 months (429 days) with the median approaching three weeks (20 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 $229,000 to $699,900, with the average being $349,000.  The days on market for these homes ranged from three days to six months (182 days) with the nedian being just over a month (35 days).

In the last 30 days eight five-bedroom detached or semi-detached home in this market place have successfully been sold.  The closing price of these homes ranged from $310,000 to $774,032, with the median being $397,500.  The days on market for these homes ranged from three days to over nearly six months (179 days) with the median approaching two months (53 days).

Six Bedrooms

There are four six-bedroom detached or semi-detached homes in the report area for sale. These homes range in price from a low of $339,000 to $865,000, with the median being $566.975.  The days on market for these homes ranges from two days to six months (184days) with the median approaching two months (57 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 $250,000 to $499,900, with the median being $274,500.  The days on market for these homes ranged from over three weeks (24days) to six months (180 days) with the median being nearly three months (81 days). 

In the last 30 days no six-bedroom detached or semi-detached home in this market place have successfully completed 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.