Today’s View – September 15, 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 (09/15/2015) there are a total of 6 such homes on the market FOR SALE, 8 that are under some form of contract, and another 4 that have successfully completed the sales process in the last 30 days. This is a lively market, with 1.5 months 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 $249,900 to $330,000, with the median being $289,950 The days on market range from over 3 weeks (24 day) and 26 days, with the median being 25 days,
Currently there are 3 two-bedroom homes under some form of contract. These homes where last listed for between $149,900 and 249,900, with the median being $218,000. The days on market ranging from over 3 weeks (24 days) to over 6 months (186 days), with the median being 6.5 months (164 days).
In the last 30 days, 2 two-bedroom patio homes have successfully completed the sales process. These homes sold for between $225,000 after being on the market for 3 months (91 days) and $378,088 after being on the market for less than a week ( 2 days).
Three bedrooms
Currently there are 4 three-bedroom patio homes on the market for sale. These homes are currently listed for $165,000 to $310,000 with the median being $279,200. The days on market range from less than a week (6 days) to approaching 4 months (113 days), with the median 1.5 months (47 days).
Currently there are 5 three-bedroom homes under some form of contract. These homes where last listed for between $249,900 and $369,900, with the median being $285,000. The days on market ranged from new to the market (3 day) to 2 months (60 days), with the median approaching 2 weeks (10 days).
In the last 30 days, 2 three-bedroom patio homes have successfully completed the sales process. These homes sold for between $300,000 after being on the market for a week (8 days) and $305,000 after being on the market for approaching 2 months (52 days).
If you have any questions about this report, here is a way to ask me. I look forward to helping you with your real estate needs.
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