Today’s View – October 21, 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 (10/21/2015) there are a total of 4 such homes on the market FOR SALE, 16 that are under some form of contract, and another 3 that have successfully completed the sales process in the last 30 days. This is a lively market, with 2.3 months absorption (active/sold) rate, considered to be a sellers market.
Two Bedrooms
Currently there are 3 two-bedroom patio homes on the market for sale. These homes are currently listed for $234,900 to $320,000, with the median being $310.000 The days on market range from new to the market (1 day) and 2 months (62 days), with the median being over a 1 month (33 days).
Currently there are 7 two-bedroom homes under some form of contract. These homes where last listed for between $95,900 and 249,900, with the median being $220,000. The days on market ranging from under a week (3 days) to over 6 months (186 days), with the median being 1 month (30days).
In the last 30 days, no two-bedroom patio homes have successfully completed the sales process.
Three bedrooms
Currently there is 1 three-bedroom patio homes on the market for sale. This home is currently listed for $249,900 and ths home has been on the market for 2 months (60 days).
Currently there are 9 three-bedroom homes under some form of contract. These homes where last listed for between $159,900 and $380,000, with the median being $278,500. The days on market ranged from new to the market (1 day) to approaching 5 months (142 days), with the median approaching 1 week (5 days).
In the last 30 days, 3 three-bedroom patio homes have successfully completed the sales process. These homes sold for between 4285,000 and $364,000, with the median being $355,000. The days on market ranged from new to the market (3 days) to 1.5 months (45 days), with the median approaching 2 weeks (10 days).
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