This market report is for Condo Apartments FOR SALE in the Silver Spring Md. 20906 zip code excluding those in the active senior's community of Leisure World. As for this date (3/1/08) there are currently 46 Condo Apartments FOR SALE in this market place, four homes went under contract during the month and 6 were SOLD during the month of February.  Of the 46 homes 17 were added to or came back on the market during the month.  

On the same day there were a total of 152 Condo Apartments on the market FOR SALE in all of Silver Spring Md. and 742 in all of Montgomery County.

3 Bedroom homes

Of the 46 there are 13 three bedroom Condo Apartments on the market in this group.  They range in price from $175,000 to $299,000; with the average being $233,031.  The average number of days on the market is near 3 months at 92 days, the longest being nearly 13 months at 392 days.

While no 3 bedroom Condo Apartments went under contract during the month of February, 1 did go to closing table. The closing price on this home was $265,000 with a $7,900 sellers subsidy; and had been on the market for nearly two and a half months (78 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 $135,000 to $287,000; with the average being $215,053.   The days on the market range from 18 to 334 days, with the average being close to 4 and half months at 131 days.

Four two bedroom Condo Apartments went under contract in February, with the last list prices ranging from $142,000 to $299,000 with the average being $204,350.  These homes were on the market for 36 days to 151 days, with the average being near 3 months at 94 days.

There were also four two bedroom Condo Apartment went to the closing table during the month, with their closing prices ranging from $145,000 to  $250,000, with the average being $196,250 the average days on the market ranged from 4 to 173 days, with the average being just over 3 months at 91 days.

1 Bedroom

While rare there are 2 one bedroom Condo Apartments on the market in this zip code, with list prices being $149,999 and $159,000.  The days on the market range from 144 to 177 days, an average of close to five and a half months at 161 days.

No 1 bedroom Condo Apartment went under contract, nor did any one get sold.

This information was obtained from the local MLS, MRIS - Metropolitan Regional Information System.

These homes where located in the Aspen Green, Glenwayne Gardens, Grand Bel, Grand Bel Manor, Kimberly Place, Longmead Crosisng, and Wintergate at Longmead subdivisions in the zipcode.  For more inf,rmation on local neighborhoods can be obtained on the blog on my website

Related Topics

Silver Spring Md. 20906 - Detached Homes - Feb 2008 Market Report

Silver Spring Md. 20906 - Townhouse - Feb 2008 Market Report

Silver Spring Md. 20906 - Rentals -  Feb 2008 Market Report