Archive for the 'Real Estate Market' Category
South Silver Spring - The Silverton Real Estate Market Report
July 14th, 2008 Categories: Downtown Silver Spring, Home Sellers, Homebuyer, Real Estate, Real Estate Market, Silver Spring Condos, Silver Spring Neighborhoods, South Silver Spring, silver spring real estate
The Silverton Condos (by JBG Group) on East West Highway was built around the vintage art deco facade of the former Canada Dry bottling plant and has 210 dwelling units.
The units were finished in 2006 - 2007
The Silverton has Beautifully Appointed Floor Plans, Glass Doors Leading to Private Balconies, Chef-Caliber Kitchens with Maple Cabinets and Granite Countertops, Granite Vanities in Bathrooms and Full-Size Washers and Dryers in the units!
There is a High-Tech Resident E-Lounge, Swimming Pool, Expansive Sundeck and a Cutting-Edge Fitness Center.
The Building is within Walking Distance to Metro and has Easy Access to Washington, DC & I-495 Close to Excellent Shopping, Fine Dining & Entertainment.
This market report encompasses All Sales Activity at the Silverton
Last 6 months ( Jan - July 2008)
3 Active (For Sale) Listings
1) 2 Bedroom 2 Bath - 3rd Floor Unit (1,307 sq ft)
Asking Price - $499,900 Days on Market - 117
2) 2 Bedroom 2 Bath - 2nd Floor Corner Unit
(1,084 sq ft) Asking Price - $395,000
Days on Market - 62
3) 1 Bedroom 1 Bath - 2nd Floor Unit (718 sq ft)
Asking Price - $290,000 Days on Market - 232
1 Listing Under Contract
1) 1 Bedroom 1 Bath - 1st Floor Unit (792 sq ft)
Asking Price - $290,000 Days on Market - 65
3 Sold Listings
1) 1 Bedroom 2 Bath Special Unit (955 sq ft)
Asking Price - $324,900 Sold Price - $324,900
Days on Market - 25
2) 1 Bedroom 2 Bath Special Unit (955 sq ft)
Asking Price - $324,900 Sold price - $324,900
Days on Market - 25
3) 1 Bedroom 1 Bath 2nd Floor Unit (776 sq ft)
Asking Price - $295,000 Sold Price - $290,000
Seller Subsidy $7,700 - Days on Market - 58
Thinking about Selling or Buying a South Silver Spring Condominium? -
Contact Debbie Cook (301) 587-3528 for your current, No Obligation Market Report on the Silver Spring Condominium Market.
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South Silver Spring - Newell Street Condos Market Report
July 11th, 2008 Categories: Downtown Silver Spring, Home Sellers, Homebuyer, New Construction, Real Estate, Real Estate Market, Silver Spring Condos, Silver Spring Neighborhoods, silver spring real estate
8045 Newell Street (by Patriot Group) is a five story, 120 unit condominium building. This building was completed and already Sold out in 2006.
This Building offers a Fun, Funky, Hip and Laid Back Urban Lifestyle, in a Small Intimate “Pet Friendly” Building. Located by Historic Acorn Park in the South Silver Spring neighborhood, the Units have Open Floor Plans with High Ceilings, Washers and Dryers in the Units and either a balcony or sunroom.
SAVE your GAS! and Walk everywhere from this building that has a very high Walkabilty Score. Walking Distance to Silver Spring Metro/Red Line, Rock Creek Park hiking biking trails and all the ammenities of Downtown Silver Spring.
This market report is for the last 6 month period begining January 1, through July 6th 2008. All units are resales reported in the Metropolitan Regional Information Service (MRIS)
4 Active For Sale Listings
1) 1 Bedroom 1 Bath 2nd Floor
(820 sq ft) Asking -$285,000
Days on Market - 57
2) 1 Bedroom - 1 Bath 5th Floor
(820 sq ft) Asking - $315,000
Days on Market - 267
3) 1 Bedroom 1 Bath 2nd Floor
(900 sq ft)
Asking $347,500
Days on Market - 6
1 Listing Under Contract
1) 2 Bedroom - 2 Bath 3rd Floor (1,255 Sq ft) - Asking $410,000 Days on Market - 7
4 Sold Listings
1) 0 Bedroom 1 Bath Efficiency Unit 2nd Floor Unit (569 sq ft)
Asking Price - $108,746 Sold Price - $108,746 Seller Subsidy -$3,469
Days on Market - 5
2) 0 Bedroom 1 Bath Efficiency Unit (569 sq ft) 4th Floor
Asking Price - $109,658 Sold Price - $109,658 Seller Subsidy $3,498
Days on Market - 3
3) 1 Bedroom - 1 Bath 5th Floor (820 sq ft)
Asking Price - $285,000 Sold Price - $285,000 Days on Market - 21
4) 1 Bedroom - 1 Bath and Den (935 sq ft) 3rd Floor Unit
Asking - $320,000 Sold - $320,00 Seller Subsidy - $10,000 Days on Market - 85
Thinking about Selling or Buying a Silver Spring Condominium? - Contact Debbie Cook (301) 587-3528 for your current, No Obligation Market Report on the Silver Spring Condominium Market.
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North Woodside Neighborhood Real Estate Market Report
June 21st, 2008 Categories: Bungalow, Colonial, Craftsman, Houses in Silver Spring, Real Estate, Real Estate Market, Silver Spring Neighborhoods, old houses
North Woodside is a true Bungalow Lovers Heaven! Many of the homes in North Woodside are SEARS HOMES, Built between 1927 and 1940. In North Woodside, you can find examples of almost every Sears Home built in this era. This Subdivision in Close-In Silver Spring has a fantastic collection of 350 houses within walking distance of two Metrorail stations, a neighborhood public school, parks, Snider’s Supermarket, two dry cleaners, Staples, CVS, Kirsten’s Cafe, Tropical Ice Cream, Armand’s, the Woodside Deli and a host of other attractions on nearby Georgia Avenue
Real Estate Activity Report for the 
( January - May 2008)
Currently 3 Homes for Sale - Active Listings
1. $499,500 - 3 Bedroom 2 Bath Bungalow
2. $555,000 - 2 Bedroom 2 Bath Bungalow
3. $733,000 - 3 Bedroom 2 Bath
Colonial Farmhouse (Sears)
Days on the Market Active Listings - 60 Days
2 Listings have Sold and Closed
1. 4 Bedroom 3 Bath Bungalow
Listed $679,000 Sold - $667,000
Days on Market - 214
2. 4 Bedroom 3 Bath Colonial Farmhouse - List Price $733,000 Sold Price - $730,000
Days on Market - 60
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Silver Spring South 4 Corners Real Estate Market Report
June 17th, 2008 Categories: 4 Corners, Houses in Silver Spring, Real Estate, Real Estate Market, Silver Spring Neighborhoods, South 4 Corners
Boundaries: University Boulevard West and Dennis Avenue to the north. Colesville Road to the east. Forest Glen 
Road to the south and Tenbrook Drive to the west
Highly desirable location close to Forest Glen Metro Station and Downtown Silver Spring. Walking distance to recently renovated “Woodmoor Shopping Center” and a very friendly “Neighborhood Safeway Store” Bordered by Sligo Creek park with an abundance of nature, hiking-biking trails and recreation. This neighborhood has a very active Civic association, many events such as an annual COMMUNITY DAY and neigborhood yard sale. There are a lot of young families with children a babysitting coop, a Large playground and community center on Forest Glen Road. There is a unique “small town” feel to South Four Corners.
Houses in South Four Corners
Developed Around the Original Argyle Country Club (Now Sligo Public Golf Course) before the Beltway bisected the country club grounds. Thus the Sudivision names such as, “Country Club View”, “Fairway” and “Argyle Forest” The Oldest Houses in South Four Corners date back to the late 1920’s and early 1930’s.
There are 5 houses in South Four Corners that make up a Montgomery County ”Historic District”. They are the “Polychrome Houses” built by John Joseph Early in 1934 and 1935. The houses are outstanding examples of the Art Deco Style with richly ornamented appearance and relatively rare examples of pre-cast concrete panel constuction in single family homes for the time period. 3 polychrome houses are on Sutherland Road and 2 of the polychrome houses face Colesville Road near the exit ramp to the Beltway. A Silver Spring Blogger recently wrote this article about the Polychrome Houses. A Recent Article in the Washington Post is about these houses - from Montgomery County The Historic Polychrome House District Article and from 2005 another Washington Post article . Many people seem to be fascinated with these houses.
Popular House Styles are the Cozy Cape Cods and Traditional Colonials built before, during and just after WWII. During the post war building boom years - the 1950’s and 60’s brought newer mid century modern ramblers and split levels to complete the neighborhood. There are approximately 1,100 Single Family Homes within the Neighborhood boundaries of South Four Corners.
Real Estate Sales Activity for Single Family Homes in South 4 Corners
for YTD 2008 (Jan - May 2008)
22 Active (For Sale) Listings
Average Price of Active Listings - $427,530
Lowest Price - $332,900
Highest Price - $499,500
Average Time on Market - 59 Days
11 Listings Pending - Under Contract
Average Price for Pending Sales - $404,563
Average Days on Market - 47
5 Listings Withdrawn or Expired from the Market
Average Price Withdrawn Listings - $380,500
Average Time on Market - 183 Days
11 Sold Listings
Average Listing Price - $405,686
Average Sold Price - $391,455
Lowest Sold Price - $310,000
Highest Sold Price - $475,000
Average Days on Market - 116
*Average Subsidy/Credit to Buyers from Sellers - $9,034
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Woodmoor Real Estate Market Report
June 16th, 2008 Categories: 4 Corners, Houses in Silver Spring, Real Estate, Real Estate Market, Silver Spring Neighborhoods, Woodmoor
Woodmoor and Indian Spring Village are the largest of the Legal Subdivisions in the Neighborhood known as Woodmoor. Woodmoor’s first homes were built in 1938. At that time Indian Spring Country Club (now the Silver Spring YMCA) was a draw for the Community, Also St Bernadette’s Church and opening of the school drew families to the Community.
The cool, art deco style, circa 1940’s Woodmoor Shopping Center at the edge of this beautiful neighborhood was recently restored. Home of the Silver Spring Stage theatre, The medium sized, 3 story Shopping Center still has quaint, locally owned well known and long lasting mom and pop shops like the Woodmoor Pastry Shop, Santucci’s Italian Deli, The Watch Pocket and the wonderful Hoover Fisher’s Florist to name just a few. More well know chains such as a CVS, a Starbucks and Subway are sprinkled in this mix of stores. A new Tuesday Morning Outlet opened in Woodmoor Shopping Center in the Fall of 2007.
A pretty Neighborhood of 700+ Single Family Homes located in the Four Corners Area of Silver Spring, Md in 20901. Woodmoor brings to mind, older charming Cape Cods, Colonials mixed with a few post-war Ramblers and Split Levels on friendly, shady, tree lined streets.
Woodmoor Neighborhood Real Estate Activity
Year to Date for 2008 January through May 2008
18 Active Listings
Average List (Asking) Price - $463,198
Average Days on Market for Active Listings - 120 Days
Lowest List Price - $375,000
Highest List Price - $524,900
7 Listings Under Contract - Pendings
Average List Price Pendings 
- $498,685
Average Days on Market - 67 Days
5 Listings Expired or Withdrawn from Market
Average Price Unsold/Withdrawn Listings - $538,180
Average Days on Market - 109 Days
12 Sold (Closed) Listings
Average List Price - $486,450
Average Sold Price - $466,083
Lowest Sold Price - $375,000
Highest Sold Price - $610,000
Average Days on Market for Sold Homes - 173 Days
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Rambo and Rocky’s Childhood House for Sale in Silver Spring
April 28th, 2008 Categories: Famous Silver Spring People, Houses in Silver Spring, Montgomery Hills, Real Estate, Real Estate Market, Silver Spring Neighborhoods, old houses, silver spring real estate
A house that Sylvester Stallone lived in as a child and young teen is on the market in the Montgomery Hills Neighborhood of Silver Spring. The Cape Cod House on Seminary Road was built in 1952. Sly’s parents owned the home sometime between 1952 and 1962, when the Stallone’s Sold it.
The 4 Bedroom 4 1/2 Bath House is Listed by the King Farm/Rockville Office of Long and Foster. The Asking Price is $699,899 Smackeroos.
Click the following URL to see the listing with lots more details and many many photos of the interior
http://matrix.mris.com/Matrix/Public/Email.aspx?ID=24670174438
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8 Reasons to List and Sell Your Silver Spring Home During the Winter
January 14th, 2008 Categories: Real Estate, Real Estate Market, Silver Spring Neighborhoods
1. Serious Buyers- Yes, there are fewer buyers , but those buyers are usually very serious about making a purchase or, have to make a purchase.
2. Less Competition—Most sellers wait until spring or summer to list their home. This means that during the winter months your property will have far less competition verses any other time of the year.
3. January is the Biggest Transfer Month—Did you know that more corporate moves happen during January than any other time of the year? This may be a great reason to list your home during the winter.
4. Timing—By putting the home on the market during the Winter you may be able to more easily hit your moving goals and priorities. After all, if you need to relocate now, for personal, business or family reasons should you really wait to sell?
5. More Time to get Top Dollar—By starting to market your home early you may be able to secure a higher price. Less supply can yield a higher price for your home.
6. Great Time to Shop—If your home sells quickly, you will be able to shop for your next home during the winter, a great time to find a bargain.
7. More Advertising—Because most Realtors and offices have less inventory in the winter, your home will stand out with a comprehensive marketing program.
8. About 20% of the homes sold in a given year are sold between November and February—Buyers and Sellers are usually quite motivated to get the transaction completed. This can mean less price haggling and fewer hassles during the inspection period. There are quite a few benefits for moving forward now.
Thinking about Selling Your Silver Spring House or Condo?- Call on Debbie Cook and The Silver Spring Team for a No Obligation Market Report on Your Silver Spring Property. With our 21 years of Experience and our Enthusiasm for Silver Spring, we know how to get Silver Spring Homes Sold Fast and for Top Dollar in the Current Silver Spring Real Estate Market. Click for an Over the Net Comparative Market Analysis (CMA) of your Silver Spring Home’s Value
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Awesome New Listing in Downtown Silver Spring - An Eco Friendly Masterpiece!
January 3rd, 2008 Categories: Downtown Silver Spring, East Silver Spring, Houses in Silver Spring, New Construction, Real Estate, Real Estate Market, Silver Spring Neighborhoods, Silver Spring Park, silver spring real estate
Go Green and Gorgeous!
This New Eco- Friendly and Energy Efficient Home is located in Downtown Silver Spring in a beautiful, mature established Silver Spring neighborhood with quiet, shady tree lined streets. An easy walk to the METRO, shops, restaurants, theaters and many wonderful parks.
Every inch of this beautiful home and yard has been carefully designed, restored and remodeled from top to bottom! The original charm and character of the House and Neighborhood remain. Move in Ready with 3 Bedrooms, 2 1/2 Baths, all New Luxury Kitchen, Dining Room, Breakfast Nook, Living Room with Fireplace, Mud room, Full Finished Basement, Utility Room and Attic.
This home provides a high level of quality, balances environmental impact, energy use, maintenance, comfort and convenience.
WHAT”S NEW? - A redesigned open floor plan including left side addition and roof, dual HVAC system, electrical system, plumbing system, brand new (granite, cherry and stainless steel) kitchen, master bath and all other baths, all porches, windows, exterior doors, patio, driveway and landscaping.
Many Many Photos and more details @ www.8208Cedar.com
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The McMansions in East Silver Spring
December 11th, 2007 Categories: Bungalow, Cape Cod, Downtown Silver Spring, East Silver Spring, Houses in Silver Spring, McNeills Addition, New Construction, Real Estate Market, Silver Spring Neighborhoods, Woodmoor, old houses
This post was inspired by a another local blogger www.ThayerAvenue.com who posted about a ginormous McMansion going up in East Silver Spring on Thayer Avenue.
Most of East Silver Spring still has “normal sized” older houses. The few McMansions or new infill construction 
that we do have REALLY stand out.
One example on Easley street is the “McMansion with no windows” It started out as a small bungalow home built in 1928 between 2 other similar houses. The home had a larger and deeper than average lot size of 12,180 sq ft.
It was torn down sometime ago and remained a big watery mud hole with trash and debris in it for a few years. I once walked by the lot and noticed they were still getting junk and other mail delivered to 701 Easley, it was strewn all over the front of the mud hole. While it was still just a hole, it caused a lot of concern and complaints from the adjoining neighbors and the neighborhood in general.
I though they’d never build anything there. Then all of a sudden a huge foundation went up this past year. The picture does not do it justice - it is ENORMOUS. Can’t wait to see what it will look like when it’s finished. It will certainly stand out amongst the small old bungalows on that street.
A tasteful newly constructed infill home was completed recently just down the way at 608 Deerfield in East Silver Spring - McNeills Subdivision. The lot was a little over 7,000 square feet and an old garage at the back of the vacant lot was the only thing torn down to build the house.
This house sold for $1,191,064.00 ( one million, one hundred ninety one thousand and sixty four dollars ) and settled less than 3 months ago. I think this NEW house just “nails it” for a perfect fit with the neighborhood character of East Silver Spring.
Check out the Listing and Interior Photos Link for 608 Deerfield Avenue, Silver Spring, Md 20910.
Some Gigantic Monster Houses have gone up or are going up in some older Silver Spring neighborhoods, for instance this one on Randolph Road. There is a Monster Palace on New Hamphire Avenue in Hillandale and a Giant House going up in Woodmoor just past the Woodmoor Shopping Center going North on Colesville that you just can’t miss when driving out that way. Sligo from Silver Spring Singular has posted a few blogs about McMansions in Silver Spring. I liked this post about Mc Mansions by a local blogger. Dan Reed (Our future architect/Urban Planner) from Just Up the Pike writes about them all the time and Silver Spring Daily Photo has a lot of photos of McMansions in and around Silver Spring.
So, How do you feel about McMansions in Silver Spring? What’s your opinion? Want more? Want less? Want Larger? Smaller? or just don’t care?
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Tuesday Morning Store Opens in Silver Spring Tomorrow!
November 5th, 2007 Categories: 4 Corners, Home Sellers, Real Estate Market, Silver Spring Bussiness', Silver Spring Neighborhoods, South 4 Corners, Woodmoor
I am pleased and excited that Tuesday Morning Home Goods Store is opening in Silver Spring! I’ve shopped at Tuesday Morning before. It is a great store for gifts, things for your home and for Staging Houses for Sale. It is a lot like Linen’s and Things or Bed Bath and Beyond, but much less expensive!
Now Silver Springers, including me, will not have to schlep to Rockville or Bowie to shop at this amazing discount home goods store.
The store is ready and opens on Tuesday (of course), that’s tommorow, November 6th, 2007!
This store will open in the building that SAM KUGLER’s House of Linens Store used to occupy at the corner of University Boulevard and Colesville Road (RT 29).
By the way, SAM KUGLER is alive and well. He moved further out Route 29 past White Oak to the Tech Road Business Center.
| Discussion: 2 Comments »
