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Silver Spring Md 20906 - Townhouse - Feb 2008 Market Report
This market report is about Townhouses FOR SALE in the 20906 zip code excluding those in the active senior’s community of Leisure World. As of this date (3/5/08) there are currently 81 townhouses FOR SALE in this market place, 11 homes are under contract and only 2 townhouses went to the closing table during the month. Of the 81 homes only 7 were added to or came back on the market and not put under contract by the end of the month.
On the same day there were a total of 223 Townhouses FOR SALE in all of Silver Spring Md. and a count of 1397 in all of Montgomery County. 5 Bedroom homes
There are no five bedroom Townhouses on the market FOR SALE in the region, and one five bedroom went under contact after being on the market for 23 days. No five bedroom went to the closing table during the month. 4 Bedroom homes
There are 29 four bedroom Townhouses on the market in this group, they range in price from $250,000 to $510,000; with the average being $362,832. While a few have come on the market since March 1, the average number of days on the market is near four and a half months at 136 days.
There was a total of 5 four bedroom Townhouses that went under contract in during the month, with their last list prices ranging from $270,000 to $379,900 with the average being $333,560, the days on the market ranged from 16 to 141, with the average being a little over two months (70 days).
One 4 bedroom Townhouse went to the closing table during the month of February, the home sold for its last list price of $250,000 and was on the market for just over 8 months (251 days).
These homes came from several subdivisions in the zip code – Autumn Walk, Contee at Bel Pre, Kimberly Place, Layhill Square, Longmead, Parker Farm, Tivoli, and Windsor Square. 3 Bedroom homes
Clearly a majority of the townhouses on the market in this group 81, there are 42 three bedroom Townhouses. They range in price from $199,990 to $489,000; with the average being $369,142. While a few have come on the market since March 1, the average number of days on the market being near three and half months (109 days).
There was a total of 9 three bedroom Townhouses that went under contract in during the month, with the last list prices ranging from $259,000 to $410,000 with the average being $319,756, days on the market ranged from 4 to 191, with the average being a little over three months (103 days)..
Only one 3 bedroom Townhouses went to the closing table during the month, with the selling price of $428,000 and seller subsidy of $10,960, this home was on the market for nearly four and a half months (133 days). 2 Bedroom homes
There are 5 two bedroom Townhouses on the market in this group. They range in price from $244,900 to $309,900; with the average being $279,840. The days on the market range from 123 to 310 days, with the average being 7 months (210 days).
No two bedroom Townhouses went under contract or the closing table during the month.
These figures were obtained from the Metropolitan Regional Information System (MRIS) on this day. If more information on the housing market in zip code 20906 is needed, I can be reached via my webpage - http://robertforce.point2agent.com Talk again soon, I hope.
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