Today’s View – January 04, 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 (01/04/2012) there are a total of 47 such homes on the market FOR SALE, 21 under contract, and another 10 that have sold in the last 30 days.
Two Bedrooms
There is no two-bedroom detached home on the market for sale at this time in the area covered by this report. There is also only one two-bedroom detached home under some form of contract in the area. This home was last listed for $199,000 and was on the market for less than three weeks (20 days). No two-bedroom detached home successfully completed the sales process in the last thirty days.
Three Bedrooms
There are 11 three-bedroom detached homes in this market place for sale. These homes range in price from a low of $250,000 to $499,000, with the average being $373,399. The days on market for these homes ranges from nearly a month (28 days) to nearly seven months (209 days) with the average being just over three months (94 days).
There are six detached homes in this market place that are under some form of contract. The last known list price of these homes ranged from $249,000 to $422,000, with the average being $328,650. The days on market for these homes ranges from a single day to just over six months (184 days) with the average being over three months (102 days).
In the last 30 days two three-bedroom detached homes in this market place have successfully completed the sales process. The closing price of these homes was $285,000 and $405,000. They were on the market for an average of five months (146 days).
Four Bedrooms
Clearly the majority of the detached home on the market in this area, are the 20 four-bedroom for sale. These homes range in price from a low of $299,900 to $1,525,000, with the average being $505,780. The days on market for these homes ranges from less than a week (4 days) to nearly ten months (290 days) with the average being three months (90 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 $195,000 to $525,000, with the average being $341,843. The days on market for these homes ranges from a month (32 days) to approaching nine months (260 days) with the average being over four months (124 days).
In the last 30 days, 5 four-bedroom detached homes in this market place have successfully completed the sales process. The closing price of these homes ranged from $260,000 to $700,000, with the average being $428,400. The days on market for these homes ranges from over a week (9 days) to over four months (134 days) with the average being over two months (66 days).
Five Bedrooms
There are 11 five-bedroom detached homes in this market place for sale. These homes range in price from a low of $299,000 to $1,100,000, with the average being $616,236. The days on market for these homes ranges from a week (8 days) to over 32 months (985 days) with the average approaching five months (138 days).
There are six detached homes in this market place that are under some form of contract. The last known list price of these homes ranged from $275,000 to $699,999, with the average being $444,544. The days on market for these homes ranges from a week (6 days) to over five months (168 days) with the average approaching three months (82 days).
In the last 30 days, three five-bedroom detached homes in this market place have successfully completed the sales process. The closing price of these homes ranged from $380,000 to $860,000, with the average being $541,667. The days on market for these homes ranges from two weeks (16 days) to over six months (188 days) with the average approaching four months (110 days).
Six Bedrooms
There are four six-bedroom detached homes in this market place for sale. These homes range in price from a low of $429,900 to $1,199,000, with the average being $677,200. The days on market for these homes ranges from three weeks (21 days) to approaching nine months (265 days) with the average approaching five months (143 days).
Just one six-bedroom detached home is under some form of contract in the area. This home was last listed for $799,900 and was on the market for approaching three months (118 days).
In the last 30 days no six-bedroom detached home in this market place have successfully been sold.
Seven Bedrooms
There is one seven-bedroom detached home in this market place for sale at this time. This home is listed for $974,900 and has been on the market for approaching two months (46 days). There are no seven-bedroom homes under any form of contract 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.
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