Today’s View – May 20, 2015 – Rossmoor Patio Homes
This is a market report for patio homes in the active senior (55 +) citizens community of Rossmoor in Silver Spring, Md. 20906. Most the homes in this report are condo ownership. This is a 610 acre gated senior citizens community at the northern edge of Silver Spring. At the time of this report (05/20/2015) there are a total of 8 such homes on the market FOR SALE, 11 that are under some form of contract, and another 11 that have successfully completed the sales process in the last 30 days. This is a lively market, with a less than 1 month absorption (active/sold) rate.
Two Bedrooms
Currently there are 6 two-bedroom patio homes on the market for sale. These homes are currently listed for $129,500 to $308,000, with the median being $192,475 The days on market range from approaching 2 weeks (12 day) to approaching 3 months (85 days), with the median being short of 2 months (51 days).
Currently there are 6 two-bedroom homes under some form of contract. These homes where last listed for between $149,900 and $385,000, with the median being $236,450. The days on market ranging from new to the market (1 day) to approaching 7 months (197 days), with the median being 4 months (123 days).
In the last 30 days, 3 two-bedroom patio homes have successfully completed the sales process. These homes sold for between $169,900 and $330,000, with the median being $225,000. The days on market ranging from 1 week (7 day) to 3.5 months (108 days), with the median being 2.5 months (75 days)
Three bedrooms
Currently there are 2 three-bedroom patio homes on the market for sale. These homes are currently listed for $269,000 to $355,000 with the median being $312,000. The days on market range from less than a week (5 days) to just over 3 weeks (25 days).
Currently there are 5 three-bedroom homes under some form of contract. These homes where last listed for between $192,500 and $405,000, with the median being $275,000. The days on market ranging from new to the market (1 day) to 3 weeks (23 days), with the median being 1 week (7 days).
In the last 30 days, 8 three-bedroom patio homes have successfully completed the sales process. These homes sold for between $160,000 and $375,000, with the median being $271,000. The days on market ranging from new to the market (3 days) to 1 month (32 days), with the median being 2 week (15 days).
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