Downsizing? Consider Leisure World.

By
Real Estate Agent with Hollish Hill Group, Keller William Capital Properties

Are you thinking about selling your home to move into something smaller and easier to maintain? Are you curious what your home is worth? Not sure where you might live next?

Consider Leisure World!

If you're thinking about staying in the area, consider Leisure World. This age-restricted, gated, adult living community in Silver Spring Maryland offers a wide variety of property styles that may meet your needs. Take a look at this market report for a properties in Leisure World of Silver Spring, Maryland. 

Condos and Co-ops

In Leisure World, Silver Spring, MD, the median sold price for Condo & Coop properties for July was $170,000, representing a decrease of 13.5% compared to last month and an increase of 20.6% from Jul Median Sales Price July 20182017. The average days on market for units sold in July was 14 days, the same as the 5-year July average of 14 days. There was a 100% month over month decrease in new contract activity with 0 New Pendings; a 100% MoM decrease in All Pendings (new contracts + contracts carried over from June) to 0; and a 0% increase in supply to 1 active units.

This activity resulted in a Contract Ratio of 0.00 pendings per active listing, no change from June and a decrease from 0.50 in July 2017. The Contract Ratio is 100% lower than the 5-year July average of 0.17. A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving in the seller's favor. A lower Contract Ratio signifies a relative decrease in contract activity compared to supply, and indicates the market is moving in the buyer's favor.

Detached Homes

In Leisure World, Silver Spring, MD, the median sold price for Detached properties for July was $339,900, representing an increase of 0% compared to last month and an increase of 0% from Jul 2017. The average days on market for units sold in July was 82 days, the same as the 5-year July average of 82 days. Leisure World Detached Market Stats July 2018There was no month over month change in new contract activity with 1 New Pendings; no MoM change in All Pendings (new contracts + contracts carried over from June) with 1; and no change in supply with 1 active units.

This activity resulted in a Contract Ratio of 1.00 pendings per active listing, no change from June and an increase from 0.00 in July 2017. The Contract Ratio is 100% higher than the 5-year July average of 0.50. A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving in the seller's favor. A lower Contract Ratio signifies a relative decrease in contract activity compared to supply, and indicates the market is moving in the buyer's favor.

Thinking about downsizing to Leisure World? 

Give us a call. We can help you organize your belongings and sell and donate the items you no longer need. And we know the different properties at Leisure World and can tell you where you might find the best homes to meet you needs.

The Hollish Hill Group has a marketing plan that works. Learn how we could put our marketing plan to work for you. 

It's Your Move. Give Us a Call to Get Started.

Posted by

__________________________________________________________________________________________

          Dana Hollish HillDana Hollish Hill

          Principal, Hollish Hill Group, LLC

          Lead Associate Broker, KW Capital Properties - UNW DC

          4646 40th Street NW, First Floor, Washington DC 20016

          202.847.4466  cell  202.271.5301  web hollish.com

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Rainmaker
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Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Leisure World in Silver Spring MD seems like a lovely place for those who now need less space. We're familiar with all the age-restricted communities on Long Island, and like reading about similar neighborhoods.

Sep 02, 2018 04:37 AM #1
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