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Silver Spring, MD Real Estate News

By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
SILVER SPRING MD HOMES FOR SALE, SOLD IN SILVER SPRING NOVEMBER 2011, A MARKET REPORT FOR SILVER SPRING REAL ESTATE 20901.. Average List Price of homes SOLD - $351,781Average SOLD Price - $341,692Average List to SOLD Percentage - 97% Average Bedrooms - 4Average Baths - 3Average Lot Size - .18 acre Average Age   61 YearsAverage Days on the Market - 79  To see ALL 86 ACTIVE listings of Single Family HOMES FOR SALE IN SILVER SPRING 20901 TODAY, CLICK HERE EXAMPLES OF HOMES FOR SALE IN SILVER SPRING IN 20901 December 2011 $400,000 10409 EDGEWOOD AVE 4 Bedrooms 2 full Baths MLS# MC7670501 SILVER SPRING Zip: 20901   Subdivision: NORTHWOOD PARK Status: ACTIVE ?   Potential Short Sale Listing Agency:Long & Foster Real Estate, Inc.   Call Lenn to see:Homefinders.com800-711-7988FREE One Year Home...
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By Fernando Herboso - Associate Broker MD, & VA, 301-246-0001 Serving Maryland, DC and Northern VA
(Maxus Realty Group of Samson Properties )
  SEARCH HERE FOR ALL SILVER SPRING HOMES FOR SALE     1613 HIGHLAND DR,  SILVER SPRING,  MARYLAND 20910 Price: $1,550,000 Grand Victorian Manor House!! Seven bedrooms, four fireplaces, completely updated -- plus licensed ... View Details View Photo Gallery (30) Save Property Virtual Tour MLS# MC7729947 Bedrooms: 9 Bathrooms: 5 Partial Baths: 1 Acres: 0.287925 650 BRYANTS NURSERY RD,  SILVER SPRING,  MARYLAND 20905 Price: $1,525,000 Three lvl lux home in a beautiful part of Silver Spring, MD. Wood floors thru-out, gourmet kit,bkfa ... View Details View Photo Gallery (30) Save Property Virtual Tour MLS# MC7599031 Bedrooms: 4 Bathrooms: 5 Partial Baths: 1 Square Ft: 6988 Acres: 3.06001 9300 COLESVILLE RD,  SILVER SPRING,  MARYLAND 20901 Price: $1,299,000 This Unique Property makes an idea...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
Today’s View – December 21, 2011 -Rossmoor – Garden Apartments This is a market report for condo ownership garden apartments in the senior citizen community of Rossmoor in Silver Spring, Md.20906.  This is 610 acre gated community on the northern edge of Silver Spring, Md.  At the time of this report (12/21/2011) there is a total of 15 such homes on the market FOR SALE, seven under contract, and five that have sold in the last 30 days. One Bedroom Four of those 16 for sale are one bedroom apartments.  These homes are currently listed from $44,900 to $68,800; with the average being $61,380.  The days on the market ranging from nearly two months (56 days) to nearly eight months (234 days) with the average being over four months (121 days).  Currently there is no one-bedroom garden apartme...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
Today’s View – December 20, 2011 -Rossmoor CO-OP This is a market report for cooperative ownership (CO-OP) apartment in the senior citizen community of Rossmoor in Silver Spring, Md.20906.  This is 610 acre gated community on the northern edge of Silver Spring, Md. At the time of this report (12/20/2011) there is a total of 22 such homes on the market FOR SALE, six under contract, and seven that have sold in the last 30 days. One Bedroom Nine of those for sale are one bedroom apartments, ranging in size from 635 to 990 sq ft.  These homes are currently listed from $34,900 to $59,000; with the average being $43,656.  The days on the market ranging from a week (8 days) to over six months (192 days) with the average being over two months (67 days). Currently there is just one one-bedroom c...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
Today’s View – December 19, 2011 – Rossmoor – Patio Homes This is a market report for patio homes in the senior citizen community of Rossmoor in Silver Spring, Md. 20906.  This is a 610 acre gated community at the northern edge of Silver Spring.  At the time of this report there is a total of 9 such homes on the market FOR SALE, four are under some form of under contract, and another four that have sold in the last 30 days. Two Bedrooms There are four two-bedroom patio homes in Rossmoor for sale at this time. These homes range in price from a low of $235,000 to $405,000, with the average being $299,750.  The days on market for these homes ranges from over a month (38 days) to a little over seven months (215 days) with the average approaching three months (89 days).    Two two-bedroom pa...
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By Emcee M. Arah, Realtor w/Architectural Dimension, AHWD CRS B-Arch
(Remax Excellence - Silver Spring, MD)
Real estate investors in the Silver Spring area know that there are numerous benefits to investing in real estate. Wondering what those benefits are? Read on for some terrific points from CIAS.com : Cash flow can be a steady and significant stream of income. Your cash flow will increase over the years. Cash is liquid, and can be prudently invested. And remember...most stocks don't provide cash flow. Investment real estate appreciates, which should always be considered a bonus. Yearly home appreciation averaged more than 5% over the past 40 years. You have the ability to help your property appreciate by making improvements. And last but not least, home appreciation is less volatile than the stock market! Investment property offers tax benefits. Depreciation allows yearly deductions on im...
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Problems with a wet foundation tend to run higher than other physical problems with a house. Damp or wet basements can be an extremely challenging problem to fix. Most basements are built into or partially into the ground. This can lead to the walls and flooring absorbing the moisture from outside, ultimately producing such problems as: water stains, cracks, odors, mold infestation, house dust mites, and etc. When buying a house it is highly recommended to hire an inspector to assess the structure of the house and give you a list problems and potential fixes that they can see wrong before buying the property.   Potential Causes Inadequate gutter system Improper lawn grading or landscaping Leaves or debris - may have clogged gutters or window wells Windows and Doors – Check for leaks and...
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By Emcee M. Arah, Realtor w/Architectural Dimension, AHWD CRS B-Arch
(Remax Excellence - Silver Spring, MD)
Experiencing a theft, flood, fire, or other casualty loss can be devastating. Imagine trying to list from memory for your insurance claim every single item that was damaged or destroyed. The task will be less daunting if you create a home inventory in advance and keep it in a safe place. We turned to HouseLogic for some great ideas on this very topic. Having a digital camera and camcorder will make creating an inventory much easier. Set aside enough time to review your insurance policies, dig up receipts, document your possessions, and figure out where you’ll store your records. One day should be sufficient. The average home is packed with an array of items collected over the years. And while you may be able to list many of them in a pinch, chances are you’d miss some important possessi...
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By Emcee M. Arah, Realtor w/Architectural Dimension, AHWD CRS B-Arch
(Remax Excellence - Silver Spring, MD)
 The holiday season is in full gear, and Silver Spring home owners are fortunate to have LOADS of places to go and things to do! Here's a glimpse at the possibilities available for your enjoyment during the upcoming week: Saturday, December 10: Join the Winter Celebration hosted by TLC. From 10am-2pm, there'll be free admission at the Veterans Plaza Silver Spring Skating Rink (please bring a nonperishable food donation for the Capital Area Food Bank).  Also on Saturday, stop by the Silver Spring Farmers Market (it's open through December 30) from 10am-1pm. The Silver Spring market can be found in the heart of downtown Silver Spring on Ellsworth Drive between Fenton Street and Georgia Avenue. Sunday, December 11 is your final opportunity to enjoy the 22nd Washington Jewish Film Festival....
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
$139,000 - 15107 Interlachen Dr #302 Silver Spring Md. 20906 - FOR SALELocation: RossmoorGood size 1 Bedroom 1 Bath, condo apartment in senior citizen (55+) community. This third floor apartment comes with stainless steel appliances and upgraded cabinets in an eat-in kitchen. Livingroom, Dining room and Foyer have pergo flooring. The carpeted bedroom comes with a walkin closet. The easterly facing glass enclosed balcony with tile floor has a great view of water and golf course.Community amenities include Golf course, Tennis courts, 2 Clubhouses, 3 Swimming pools, 3 Restaurants, Walking paths, Medical center, Library, and over 70 clubs/organizations to keep you busy. Along with 3 community bus route the METRO bus comes to the clubhouse 1.This apartment is on the market for sale or rent w...
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By Emcee M. Arah, Realtor w/Architectural Dimension, AHWD CRS B-Arch
(Remax Excellence - Silver Spring, MD)
Recent economic upheaval has taken a hefty toll. Looking forward to 2012, it’s impossible to know what’s next and the kind of an impact that an upturn or a downturn at the national level stands to have on your family’s finances. Regardless of what happens in Washington or on Wall Street, two things are very clear: you are not alone and now is the time to prepare for a new normal. With a national epidemic of unemployment or underemployment, and 25 percent of the homeowners in the country owing more on their home than they could net for it in today’s market, homeownership for many has become a financial liability. Not being able to make payments on a home that you can’t afford to sell feels like an awful trap, but the fact is, there are solutions—and foreclosing on your mortgage is not on...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
Today's View – December 1, 2011 - Silver Spring (Aspen Hill), Md. 20906 - Townhouses This is a market report for townhouses in Silver Spring, Md.20906, commonly known as Aspen Hill.  Not included in this report are those townhouses in the adult (55 + ) community of Rossmoor. At the time of this report (12/01/2011) there are a total of 29 such homes on the market FOR SALE, 32 under contract, and another 9 that have sold in the last 30 days. Two Bedrooms There is one two-bedroom townhouses on the market for sale at this time in Aspen Hill. This home is currently listed for $265,000 and has been on the market for just over two weeks (16 days).   There are three two-bedroom townhouses in Aspen Hill that are under some form of contract.  The last known list price of these homes ranges from $...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
Today’s View – November 30, 2011 – Aspen Hill – Detached Homes This is a market report for detached and semi-detached homes in Silver Spring, Md.20906, commonly known as Aspen Hill.  Not included in this report are those homes in the senior citizen community of Rossmoor. At the time of this report (11/30/2011) there are 85 such homes on the market FOR SALE, 78 under contract, and another 15 that have sold in the last 30 days. Two Bedrooms There is only one two-bedroom detached home in this report area for sale. This home is listed for $500,000 and has been on the market for just over a year (401 days).   Three two-bedroom detached or semi-detached homes in this report area are under some form of contract at this time.  The last known list price of these homes ranged from $45,000 to $185...
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By Patricia Kennedy, Home in the Capital
(RLAH@properties)
A Great Way to Sabotage Your Short Sale Listing Yesterday, I was showing houses in Silver Spring, and many of them were foreclosures or short sales.  And while I saw many things done in the presentations of some of these homes that I would do differently, there was one listing that stood out. Before showing the house, I called the listing agent.  His instructions were to just go and knock on the front door.  The people who lived there would let us in.  So I pulled up, parked the car and knocked on the door.  A very puzzled gentleman opened it to us suggesting that we must be at the wrong address.  This house, he said, was not for sale.  I double checked my MRIS print out, and sure enough, it showed his address and a picture of this very house.  It turned out to be tenant occupied, and t...
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By Fernando Herboso - Associate Broker MD, & VA, 301-246-0001 Serving Maryland, DC and Northern VA
(Maxus Realty Group of Samson Properties )
Really Nice Homes in Silver Spring Maryland 1613 HIGHLAND DR,  SILVER SPRING,  MARYLAND 20910 Price: $1,700,000 Grand Victorian Manor House!! Seven bedrooms, four fireplaces, completely updated -- plus licensed ... View Details Save Property MLS# MC7729947 Bedrooms: 6 Bathrooms: 3 Partial Baths: 1 Acres: 0.287925        620 BRYANTS NURSERY RD,  SILVER SPRING,  MARYLAND 20905 Price: $1,559,000 ELEGANT CUSTOM ESTATE HOME ON MAGNIFICENT , PLUSH 3.5 ACRES OF GREENERY. GR ... View Details View Photo Gallery (26) Save Property Virtual Tour MLS# MC7536370 Bedrooms: 6 Bathrooms: 4 Partial Baths: 2 Acres: 3.26999        650 BRYANTS NURSERY RD,  SILVER SPRING,  MARYLAND 20905 Price: $1,525,000 Three lvl lux home in a beautiful part of Silver Spring, MD. Wood floors thru-out, gourmet kit,bkfa ......
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
Today’s View –  Nov 21, 2011 - Silver Spring (Wheaton), Md. 20902 – Detached Homes This is a market report for townhouses in Silver Spring, Md.20902, commonly known as Wheaton.  At the time of this report (11/21/2011) there are a total of 100 such homes on the market FOR SALE,  62 under contract, and another 16 that have sold in the last 30 days. Two Bedrooms There are five two-bedroom detached or semi-townhouses in this market place for sale. These homes range in price from a low of $187,000 to $313,000, with the average being $246,280.  The days on market for these homes ranges from two weeks (14 days) to nearly five months (149 days) with the average approaching three months (77 days).   There are six two-bedroom detached or semi-townhouses in this market place that are under some fo...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
Today’s View –  Nov 21, 2011 - Silver Spring (Cloverly), Md. 20905 – Detached Homes This is a market report for townhouses in Silver Spring, Md.20905, commonly known as Cloverly.  At the time of this report (11/21/2011) there are a total of 64 such homes on the market FOR SALE,  25 under contract, and another 13 that have sold in the last 30 days. Two Bedrooms There is no two-bedroom townhouse on the market for sale at this time in the area covered by this report. There is also only one two-bedroom detached home under some form of contract in the area.  This home was last listed for $199,000 and was on the market for less than three weeks (20 days).  No two-bedroom detached home successfully completed the sales process in the last thirty days. Three Bedrooms There are 17 three-bedroom d...
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By Rick Boothe, Realtor, Darnestown Real Estate
(Fairfax Realty)
15216 ROCKPORT DR, SILVER SPRING, MD 20905 7 Bedrooms  ,  6 1/2 Baths  , 3 Fireplaces & Indoor Pool on an Acre Sold in 2004 for $1,460,000   ,  Now Bank Owned & offered for $999,900 Listing Courtesy of Keller Williams Realty (703) 562-1800   I represent my buyers as their exclusive Agent ... if you are interested in one of the many opportunities in this unprecedented buyer's market ... I would be glad to help. rick@handyrealestategroup.com 301-793-6796 *This information is deemed reliable but not guaranteed.  
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
 Today’s View – Nov 17, 2011  – Silver Spring, Md. 20906 - Rossmoor - Highrise   This is a market report for high-rise apartments in the senior citizen community of Rossmoor (LW) here in Silver Spring, Md. 20906.  At the time of this report (11/17/2011) there is a total of 42 such homes on the market FOR SALE, 19 are under some form of under contract, and another eight that have sold in the last 30 days.   One Bedroom There are eight one-bedroom high-rise apartments on the market for sale in Rossmoor. These homes range in price from a low of $69,900 to $139,000, with the average being $89,113.  The days on market for these homes ranges from a day to over nine months (272 days) with the average being over four months (105 days).   There is one one-bedroom high-rise apartments in the comm...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
Today’s View – November 17, 2011 – Rossmoor – Garden Apartments   This is a market report for garden apartment in the senior citizen community of Rossmoor in Silver Spring, Md. 20906.  At the time of this report there is a total of 23 such homes on the market FOR SALE, nibe are under some form of under contract, and another five that have sold in the last 30 days.   One Bedroom Four of those for sale are one bedroom apartments, ranging in size from 800 to 946 sq ft.  The current list price of these homes range from a low of $53,900 to $68,800, with the  average being $63,750.  The days on the market ranging from three weeks (22 days) to very near seven months (200 days) with the average being just short of three months (87 days).   Currently there is no one-bedroom home condo under any ...
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