Zip code 20906 - Condo Apartment - Dec 2007 Market Report

This market report is for Condo Apartments FOR SALE in the 20906 zip code excluding those in the active senior's community of Leisure World. As for this date (1/21/08) there are currently 43 Condo Apartments FOR SALE in this market place, only 1 home went under contract during the period and 8 were SOLD during the month of December.  Of the 43 homes 6 were added to or came back on the market in December and not put under contract by the end of the month and 10 have come on the market or returned to the market in January.

On the same day there were a total of 138 Condo Apartments on the market FOR SALE in all of Silver Spring Md. and 693 in all of Montgomery County.

3 Bedroom homes

Of the 43 there are 8 three bedroom Condo Apartments on the market in this group.  They range in price from $215,000 to $299,000; with the average being $261,888.   While a few have come on the market since Jan 1, the average number of days on the market is near 3 months at 86 days, the longest being nearly 12 months at 345 days.

While no 3 bedroom Condo Apartments went under contract during the month of December, 5 Condo Apartments did go to closing table. The last list prices for these homes ranged from $239,000 to $279,900 with the average being $258,570.  While one of these homes came on the market in December, the average days on the market was just over 4 months at 134 days.

2 Bedroom homes

Clearly the majority of this group are 32 two bedroom Condo Apartments on the market in this market place. They range in price from $139,000 to $287,000; with the average being $215,962.   The days on the market range from 9 to 352 days, with the average being close to 4 and half months at 133 days.

Only 1 two bedroom Condo Apartments went under contract in December, with its last list price being $255,000 and was on the market for just short of 12 months at 236 days.

There were 2 two bedroom Condo Apartment went to the closing table during the month of December, with their last list being $195,000 and $219,000; the average days on the market was just short of 4 months at 118 days.

1 Bedroom

While rare there are 3 one bedroom Condo Apartments on the market in this zip code.  Their list prices range from $138,000 to $169,000.  The days on the market range from 92 to 134 days, an average of close to 4 months at 117 days.

While no 1 bedroom Condo Apartment went under contract; but one did go to the closing table.  The last list price of that home was $154,000 and was on the market for just over 4 months at 127 days.