Today's View - October 2, 2012 - Detached Homes

Today’s View –  October, 2 2012 - Silver Spring (Cloverly), Md. 20905 – Detached Homes

This is a market report for townhouses in Silver Spring, Md.20905, commonly known as Cloverly.  At the time of this report (10/02/2012) there are a total of 60 such homes on the market FOR SALE, 27 under contract, and another 21 that have sold in the last 30 days.

One Bedroom

There is a single one-bedroom detached home on the market for sale at this time in the area covered by this report.  That home is currently listed for $325,000 and has been on the market for just over three months (96 days).  There is no one-bedroom home currently under contract in the area and none have completed the sales process in the last 30 days.

Two Bedrooms

There are no two-bedroom detached home on the market for sale, none under contract, and none that have completed the sales process in the last thirty days.

Three Bedrooms

There are nine three-bedroom detached homes in this market place for sale. These homes range in price from a low of $225,000 to $599,000, with the median being $375,000.  The days on market for these homes ranges from new to the market (4 days) to over 14 months (426 days) with the median being over three months (101 days).

There are seven detached homes in this market place that are under some form of contract.  The last known list price of these homes ranged from $169,000 to $369,000, with the median being $279,000.  The days on market for these homes ranges from a month to just over eight months (246 days) with the median being over three months (111 days).

In the last 30 days five three-bedroom detached homes in this market place have successfully completed the sales process. The closing price of these homes was $268,199 and $394,000, with the median being $345,000.  The days on market for these homes ranges from a week (6 days) to just over 15 months (459 days) with the median being over three months (109 days).

Four Bedrooms

Clearly the majority of the detached home on the market in this area, are the 24 four-bedroom for sale. These homes range in price from a low of $410,000 to $1,400,000, with the median being $450,000.  The days on market for these homes ranges from a day to over six months (193 days) with the median being two months (61 days).

There are 12 four-bedroom detached homes in this market place that are under some form of contract.  The last known list price of these homes ranged from $220,000 to $525,000, with the median being $349,500.  The days on market for these homes ranges from two weeks (14 days) to approaching a year (352 days) with the median being two months (58 days).

In the last 30 days, 9 four-bedroom detached homes in this market place have successfully completed the sales process. The closing price of these homes ranged from $286,000 to $545,000, with the median being $387,000.  The days on market for these homes ranges from over two weeks (18 days) to over five months (165 days) with the median approaching three months (82 days).

Five Bedrooms

There are 19 five-bedroom detached homes in this market place for sale. These homes range in price from a low of $379,900 to $990,000, with the median being $589,000.  The days on market for these homes ranges from a day to over ten months (301 days) with the median approaching two months (55 days).

There are six five-bedroom detached homes in this market place that are under some form of contract.  The last known list price of these homes ranged from $315,000 to $699,999, with the median being $418,650.  The days on market for these homes ranges from a month (34 days) to over three months (97 days) with the median approaching two months (56 days).

In the last 30 days, six five-bedroom detached homes in this market place have successfully completed the sales process. The closing price of these homes ranged from $420,000 to $923,750, with the median being $500,000.  The days on market for these homes ranges from two months (55 days) to over eight months (241 days) with the median being over four months (136 days).

 Six Bedrooms

There are six six-bedroom detached homes in this market place for sale. These homes range in price from a low of $554,900 to $1,269,000, with the median being $928,100.  The days on market for these homes ranges from new to the market (1 day) to approaching seven months (201 days) with the median approaching three months (114 days).

Just two six-bedroom detached homes in this market place that are under some form of contract.  The last known list price of these homes ranged from $449,000 to $1,199,000, with the median being $824,000.  The days on market for these homes ranges from a month (36 days) to ten months (308 days) with the median approaching eight months (172 days).

In the last 30 days no six-bedroom detached home in this market place have successfully been sold.

Seven Bedrooms

There is no seven-bedroom detached home in this market place for sale at this time. There are no seven-bedroom homes under any form of contract and none have completed the sales process in the last 30 days.

Eight Bedrooms

There is a single eight-bedroom detached home on the market for sale at this time in the area covered by this report.  That home is currently listed for $1,100,000 and has been on the market for just two weeks (13 days).  There is no eight-bedroom home currently under contract in the area and none have 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 am look forward to helping you.