February 15th, 2013 Categories: Silver Spring Condos
48 Newer Condominiums (Condos aged 7 years or less) were Sold in Downtown Silver Spring, MD in 2012. Statistics are taken from the Metropolitan Regional Information Services for Realtors.
19 – 1 Bedroom Condos were SOLD - The average List (Asking) Price for a One Bedroom was $249,470 and the Average SOLD Price was $245,733. The average time a one bedroom took to sell (get a contract) was 76 Days
Lowest 1 Bedroom Sale 2012 – $158,500 (an MPDU unit in the Cresent)
Highest 1 Bedroom Sale – $340,000 (a Unit in the Silverton)
25 – 2 Bedroom Condos were SOLD – The average List (Asking) Price for a two Bedroom was $337,056 and the Average SOLD Price was $331,030. The average time on the market for a Two Bedroom was 46 Days
Lowest 2 Bedroom Sale in 2012 – $240,000 (Unit in the Aurora)
Highest 2 Bedroom Sale – $440,000 (Unit in the Silverton)
4 – 3 Bedroom Condos were SOLD – The Average List Price for a three Bedroom Unit was $498,500 and the Average SOLD Price was – $499,000 The average Days on the Market for a 3 Bedroom Unit was78 Days
Lowest 3 Bedroom Sale – $385,000 ( 3 Bedroom 2 Bath unit in Eastern Village)
Highest 3 Bedroom – $785,000 (3 Bedroom 3 Bath Penthouse in the MICA)
Most of the newer condominiums in Downtown Silver Spring have ammentities that include granite counters, stainless steel appliances and large closets. All of the condos in Downtown Silver Spring are Pet Friendly!
Prices are going up. Because of low inventory, the Silver Srping condo market is starting to favor the seller.
Search for all Newer Condos for Sale in Downtown Silver Spring, MD 20910