Today’s View – January 25, 2013 -Rossmoor CO-OP
This is a market report for cooperative ownership (CO-OP) apartments in the senior citizen community of Rossmoor in Silver Spring, Md.20906. This is a 610 acre gated community at the northern edge of Silver Spring. At the time of this report (1/25/2013) there are a total of seven such homes on the market FOR SALE, two under contract, and another two that have sold in the last 30 days.
Currently there is no one bedroom homes of this type on the market for sale. There is also no one bedroom cooperative homes under any form of contract.
One one-bedroom cooperative has sold in the community in the last thirty days. This home, 635 sq. ft. in size; sold for $38,000 after being on the market of just over a month (34 days).
There are seven two bedroom apartments on the market for sale in the Rossmoor community at this time. These garden apartments and townhouses range in size from 1200 to 1600 sq. ft. These homes are currently listed from $65,000 to $110,000; with the median being $104,000. The days on market range from three weeks (21 days) to seven months (212 days), with the median being nearly two months (57 days).
Currently there are three two bedroom coop apartments under contract in the community of Rossmoor. These homes were last listed for $55,000 to $69,500; with the median being $62,250. The days are market for this set of homes ranged from just short of two weeks (19 days) to just over two weeks (22 days), with the median being two weeks (21 days).
In the last 30 days, only one two bedroom coop apartments have gone to closing in the community of Rossmoor. The closing price of this 1200 square foot home was $61,000. This home was on the market for just over one month (38 days).
If you have any questions about this report, please call me or send me an email. I look forward to helping you with your real estate needs.