Today’s View – February 20, 2012 - Silver Spring (Cloverly), Md. 20905 – Detached Homes
This is a market report for detached in Silver Spring, Md.20905, commonly known as Cloverly. At the time of this report (02/20/2012) there are a total of 61 such homes on the market FOR SALE, 32 under some form of contract, and another 3 that have sold in the last 30 days.
Two Bedrooms
There is no two-bedroom detached homes on the market for sale at this time in the area covered by this report. There is 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 home in this market place for sale. These homes range in price from a low of $250,000 to $499,000, with the average being $374,781. The days on market for these homes ranges from over two weeks (17 days) to over eight months (256 days) with the average approaching four months (119 days).
There are nine 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 $336,700. The days on market for these homes ranges from a day to six months (184 days) with the average being three months (93 days). In the last 30 days no three-bedroom detached home in this market place has successfully completed the sales process.
Four Bedrooms
Clearly the majority of the detached homes on the market in this area, are the 30 four-bedroom for sale. These homes range in price from a low of $239,900 to $899,500, with the average being $503,838. The days on market for these homes ranges from less than a week (4 days) to approaching 11 months (317 days) with the average being over two months (72 days).
There are 16 detached homes in this market place that are under some form of contract. The last known list price of these homes ranged from $258,000 to $449,900, with the average being $344,603. The days on market for these homes ranges from a week (7 days) to approaching nine months (260 days) with the average approaching three months (84 days).
In the last 30 days, just one four-bedroom detached home in this market place has successfully completed the sales process. The closing price of this home was $205,000 after being on the market for only a month (32 days).
Five Bedrooms
There are 14 five-bedroom detached homes in this market place for sale. These homes range in price from a low of $329,900 to $1,095,000, with the average being $606,029. The days on market for these homes ranges from less than a week (4 days) to over 34 months years (1,032 days) with the average approaching five months (142 days).
There are five detached homes in this market place that are under some form of contract. The last known list price of these homes ranged from $299,000 to $845,000, with the average being $433,780. The days on market for these homes ranges from a week (7 days) to over two months (69 days) with the average over a month (36 days).
In the last 30 days, two five-bedroom detached homes in this market place have successfully been sold. The closing prices of these homes were $275,000 and $440,000 and they were on the market for 65 and 103 days.
Six Bedrooms
There are five six-bedroom detached homes in this market place for sale. These homes range in price from a low of $419,100 to $1,199,000, with the average being $797,570. The days on market for these homes ranges from two weeks (17 days) to over nine months (280 days) with the average approaching four months (119 days).
Just one six-bedroom detached home is under some form of contract in the area. This home was last listed for $480,000 and was on the market for over nine months (280 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 $899,000 and has been on the market for just over three months (93 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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