Zip code 20906 - Townhouse - Dec 2007 Market Report
This market report is for Townhouses FOR SALE in the 20906 zip code excluding those in the active senior's community of Leisure World. As for this date (1/18/08) there are currently 71 townhouses FOR SALE in this market place, 6 homes went under contract during the period and 9 were SOLD during the month of December. Of the 71 homes 10 were added to or came back on the market in December and not put under contract by the end of the month and 6 have come on the market or returned to the market in January.
On the same day there were a total of 191 townhouses on the market FOR SALE in all of Silver Spring Md. and 1341 in all of Montgomery County.
5 Bedroom homes
There are only 2 five bedrooms Townhouses on the market in this group. They range in price from $399,999 to $479,999; with the average being $439,999. Neither of these two homes came on the market in December or January, they have been on the market for 108 and 130 days respectfully.
No five bedroom townhouses went under contract or to the closing table during the month of December.
4 Bedroom homes
There are 24 four bedroom Townhouses on the market in this group. They range in price from $270,000 to $449,328; with the average being $363,301. While a few have come on the market since Jan 1, the average number of days on the market is near 5 months at 148 days.
There was a total of 3 four bedroom Townhouses that went under contract in December, with their last list prices ranging from $300,000 to $324,900 with the average being $309,933, None for these townhouses came on the market in December, days on the market ranged from 78 to 172, with the average being a little over 4 months at 136 days.
Only one 4 bedroom Townhouse went to the closing table during the month of December, with its last list being $360,000; this home was on the market for just over 6 months at 184 days.
3 Bedroom homes
Clearly a majority of the townhouses on the market, there are 40 three bedroom Townhouses on the market in this group. They range in price from $259,990 to $489,000; with the average being $359,130. While a few have come on the market since Jan 1, the average number of days on the market is near 4 months at 122 days, the longest being nearly 10 months at 299 days.
There was a total of 2 three bedroom Townhouses that went under contract in December, with the last list prices ranging from $310,000 to $335,000 with the average being $322,500, None for these townhouses came on the market in December, days on the market ranged from 81 to 190, with the average being a little over 4 months at 136 days.
Seven four bedroom Townhouses went to the closing table during the month of December, with the last list prices ranging from $307,000 to $474,500 and an average of $358,757. None of these homes initially came on the market in December or January, the shortest be in on the market for nearly 2 and half month at 73 days, the longest at 4 months (121 days) and the average being 3 months (92 days).
2 Bedroom homes
There are 5 two bedroom Townhouses on the market in this group. They range in price from $264,900 to $324,900; with the average being $292,200. The days on the market range from 76 to 179 days, with the average being close to 4 and half months at 134 days.
Only 1 two bedroom Townhouses went under contract in December, with its last list price being $311,000 and was on the market for just short of 4 months at 113 days.
Only 1 two bedroom Townhouse went to the closing table during the month of December, with its last list being $319,900; this home was on the market for just over 2 months at 64 days.
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