Silver Spring Real Estate Market Trends - The Good, The Bad and The Ugly
July 16th, 2008 Categories: Real Estate
This weeks real estate market reports for homes in the 20910, 20901 and 20902
SILVER SPRING Real Estate Market (20910) |
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SILVER SPRING Real Estate Market (20901) |
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SILVER SPRING Real Estate Market (20902) |
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in Silver Spring and Takoma Park - As Always, There is no Obligation and It’s FREE.!
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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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National Anthem Like You’ve Never Heard it Before!
July 3rd, 2008 Categories: Real Estate
Have a Safe and Happy 4th of July!
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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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We are the #1 Best City for Walking in Maryland!
March 5th, 2008 Categories: Downtown Silver Spring, Silver Spring Neighborhoods
In the April issue of Prevention Magazine each of 50 states were rated for Walking and or Walkability.
Silver Spring, MD was rated#1 in Maryland and #17 of the Top 100 cities in the Nation!
(I sure hope we don’t get disqualified when they figure out Silver Spring is not a real city) SHHHHH!
Prevention Magazine’s Ratings for the state of Maryland:
No. 1 Silver Spring!!!
The experts cited good countdown signals for walkers that allow enough time to cross at busy intersections, our vibrant Downtown with Shopping, Dining and Entertainment as reasons for rating Silver Spring at the top. We have the most mass transit users anywhere in the state and a low number of cars per household helped Silver Spring rank #1 in Maryland
No. 2 Bethesda - We Finally Beat Bethesda for Something!!
No. 3 Gaithersburg
No. 4 Dundalk
No. 5 Baltimore
No. 6 Frederick
No. 7 Germantown
No. 8 Wheaton-Glenmont
No. 9 Columbia
No. 10 Ellicot City
Find out how your specific Silver Spring Neighborhood scores for Walkability Here.
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Story Book Home for Sale in Downtown Silver Spring - South Woodside Park
January 31st, 2008 Categories: Houses in Silver Spring, Woodside
Romantic Tudor situated along Sligo Creek Park
Houses like this don’t come along very often . . . .
Enchanted, Elegant and Gracious 4 Bedroom, 2 1/4 Bathroom Tudor within walking distance of Silver Spring METRO, Beautiful Sligo Creek Park and all that is new and exciting in Downtown Silver Spring!
This home has a Unique, Private, Spacious Master Bedroom Suite with a Full Bath and Skylights. Fully Equipted Gourmet Kitchen with high end Bosch and Maytag appliances. Separate Formal Dining Room. There is a finished Daylight Berber Carpeted Lower Level with Large Den or extra Bedroom, and Recreation/Family or Media/Game Room, Laundry Room, and 1/4 Bathroom.
Built in 1934 this house retains the charm of sought after architectural details, such as the intricate brick work in the sunroom, to the hardwood floors, built ins and masonary fireplace that are original to the house. The Neighborhood is Vibrant and delightful to live in, with it’s Quiet, Old, Shady tree-lined streets and access to the amenities offered by the recent revitalization of Downtown Silver Spring.
More photos and details at this property’s website: www.425Pershing.com
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