MY BLOG - Working For You Every Step of the Way!

head_left_image

Market Report Condos & Coops in Silver Spring 20906 for January 2016

Market Report Condos & Coops in Silver Spring 20906
for January 2016 

 

January 2016

In Silver Spring, 20906, the median sold price for Condo & Coop properties for January 2016 was $155,000, representing a decrease of 8.7% compared to last month and a decrease of 4.3% from Jan 2015. The average days on market for units sold in January was 68 days, 18% below the 5-year January average of 82 days. There was a 35.1% month over month decrease in new contract activity with 24 New Pendings; a 30.2% month over month decrease in All Pendings (new contracts + contracts carried over from December) to 37; and a 4.4% increase in supply to 71 active units.

This activity resulted in a Contract Ratio of 0.52 pendings per active listing, down from 0.78 in December and a decrease from 0.56 in January 2015. The Contract Ratio is 33% lower than the 5-year January average of 0.78. A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving in the seller's favor. A lower Contract Ratio signifies a relative decrease in contract activity compared to supply, and indicates the market is moving in the buyer's favor.

 

Barbara Michaluk, Realtor

Weichert Realtors

3816 International Dr

Silver Spring, MD 20906

Phone 240-506-2434

My AR banner 2017

Barbara Michaluk, Realtor

Phone 240-506-2434

Email: michaluk@verizon.net  /  Web: BarbaraSellsMDhomes.com

Authorized Leisure World Specialist / Senior Real Estate Specialist /
Internet Marketing Specialist / Certified E-Pro / Certified Staging Agent

Weichert Realtors / 3816 International Dr / Silver Spring, MD 20906

Authorized Leisure World Specialist     Barbara Michaluk Graduate Internet Marketing Specialist Barbara Michaluk Senior Real Estate Specialist   

Comment balloon 0 commentsBarbara Michaluk • February 13 2016 06:41AM
Market Report Condos & Coops in Silver Spring 20906 for January…
share
Market Report Condos & Coops in Silver Spring 20906 for January 2016 January 2016 In Silver Spring, 20906, the median sold price for Condo & Coop properties for January 2016 was $155, 000, representing a decrease of 8. 7% compared to last… more
Coming to Leisure World of MD on Feb. 18, 2016 MVA Mobile Office
share
Coming to Leisure World of MD on Feb. 18, 2016 MVA Mobile Office Feb. 18, 2016 in Clubhouse II parking lot Need to do business with Maryland's Motor Vehicle Administraton? Time to renew your Maryland driver’s license or registration? The Maryland… more
Leisure World MD Market Report Feb. 1, 2016 Silver Spring, MD 20906
share
Leisure World MD Market Report Feb. 1, 2016 Silver Spring, MD 20906 Now is a Great Time To Sell! Inventory is Extremely Low So Little Competition! Interest Rates Remain Low Which Makes It Also A Good Time to Buy!! Here's what's happening in… more
Free AARP Tax Preparation for Leisure World Residents Begins Feb. 3
share
Free AARP Tax Preparation for Leisure World Residents Begins Feb. 3, 2016 The Leisure World tax preparation site is in Clubhouse I and taxes are done every Wednesday starting on Feb. 3, 2016. You need to sign up for an appointment in the E&R… more
Client Review For Sale of 2901 Leisure World Blvd 432 Leisure World MD
share
Client Review For Sale of 2901 Leisure World Blvd 432 Leisure World 5 Stars “ Barbara sold our Condo in a very unfavorable market. She is very good at marketing and especially recommending and scheduling contractor repair work. She is a great… more
Leisure World MD Offers Many Styles of Homes
share
Leisure World MD Offers Many Styles of Homes Overview Maps Photos Features Description Neighborhood Market Stats Contact us for pricing Condominium Main Features Location Leisure World of Maryland55+ Active Senior CommunitySilver… more
Free Home Evaluation in Leisure World MD by Barbara Michaluk Realtor
share
Free Home Evaluation in Leisure World MD by Barbara Michaluk Realtor and Authorized Leisure World Specialist Under Contract Home Sales in Leisure World of MD as of Jan 23, 2016 The above chart represents homes (including condos and coops) that are… more
Leisure World MD For Sale in Fairways North & Fairways South Hi…
share
Leisure World MD For Salein Fairways North & Fairways South Hi-Rise in Silver Spring, MD 20906 Leisure World of Maryland encompasses more than 600 acres of beautifully tended landscape and greenery, on which one-level ramblers, garden-style… more
The 7 Wonders of Leisure World of Maryland in Silver Spring
share
The 7 Wonders of Leisure World of Maryland in Silver Spring, MD 20906 The best 55+ housing opportunity in Montgomery County, Leisure World promises a gratifying and well-rounded living experience without having to travel outside of the… more
Coming this week to Leisure World of Maryland - MVA Mobile Office
share
Coming this week to Leisure World of Maryland - MVA Mobile Office Jan. 21, 2016 in Clubhouse II parking lot Time to renew your Maryland driver’s license or registration? The Maryland Motor Vehicle Administration’s mobile office will be back Jan. 21… more