Silver Spring Real Estate News & Market Updates for the week of 10/17/2012

 

There are currentl 49Properties currently available in Silver Spring Maryland for Montgomery County in Maryland

 

Psst. . mortgages rates are at record lows


With mortgage rates at or near record lows and prices rolled back, we are puzzled finding buyers that are still waiting for the market to drop some more.. .well. you are in for a lonnnnng wait!

An inventory shortage has whipped up a feeding frenzy in our local market. .specially in the lower range properties. With bidding wars and price increases coming from apartment renters that are finding that mortgage payments are LOWER than their monthly rental bill. .is a no brainier!

As a broker, I ask myself if  this pressure is justified? 
Would most buyers be better served by waiting?

Absolutely not!

Check the chart below.. 

rEAL eSTATE

Year over Year (YoY) statistics are on the positive side in all aspects of the market today, 

The only thing were there is a negative gain. . is  the DAYS ON THE MARKET!
Things are selling quicker now. .I can assure you.

Everything points that the market is in the upswing!

HOMES
The most dramatic data for September 2012 is the comparison of month to month from last year.
Look at the Sold Dollar Volume over 16% higher than last year.

Even the average Sold Price shows almost a 10% jump over last year. .That is good news if you are a seller. . .

HOUSES

The inventory declined to record lows in the last 12 months,if you are waiting to buy. . pay attention to this critical number 

The number of LISTINGS!

The market in 2008 when everything started to unravel.. we had 12,908 ACTIVE LISTINGS THEN
Now?
From 2008 to 2012, we have only 4500 ACTIVE LISTINGS!
Homes are selling because ..the interest rates are low and inventory is at record lows!



Search All Silver Spring Homes For Sale here

The most expensive active home for sale in Silver Spring is:

 

 

1111 MCNEIL LANE, Silver Spring MD 20905

$1,400,000

1111 MCNEIL LANE, Silver Spring

Stunning quality designer built home located in Good Hope Estates. This exclusive estate features the Main House and includes a 4 ...

  • Beds 4
  • Baths 4.0
  • MLS MC7810946

 

 

 

The least  expensive active home for sale in Silver Spring is:

 

3312 CHISWICK COURT Unit #62-1D, Silver Spring MD 20906

$38,000

3312 CHISWICK COURT Unit #62-1D, Silver Spring — Montgomery Mutual, Inc

Great opportunity to buy one of the largest 1 BR CO-OP apartments in the active adult (55+) community of Leisure World in Silver S...

  • Beds 1
  • Baths 1.0
  • MLS MC7939018
  • SqFt. 800

 

Foreclosure active homes for sale in Silver Spring:

106 RITCHIE AVENUE, Silver Spring MD 20910

$429,459

106 RITCHIE AVENUE, Silver Spring

Spacious 5bed/2bath house in a great location! Property features: fresh paint, new carpet, 2 FP, separate dining room, fully finis...

  • Beds 5
  • Baths 2.0
  • MLS MC7932302

 

13560 COACHLAMP LANE, Silver Spring MD 20906

$379,900

13560 COACHLAMP LANE, Silver Spring

The Grantee(s) or purchaser(s) of the Property may not re-sell, record an additional conveyance document, or otherwise transfer ti...

  • Beds 4
  • Baths 4.0
  • MLS MC7939810

 

1102 PLAYFORD LANE, Silver Spring MD 20901

$330,000?

1102 PLAYFORD LANE, Silver Spring

Fully Renovated Homepath Property. Featuring granite countertops, upgraded cherry cabinets, brand new energy efficient HVAC syste...

  • Beds 4
  • Baths 3.0
  • MLS MC7891601
  • SqFt. 2,168

 

17 CASINO COURT, Silver Spring MD 20906

$322,000

17 CASINO COURT, Silver Spring

Subject to Freddie Macs First look initiative. Show and sell this home

  • Beds 3
  • Baths 4.0
  • MLS MC7891215

 

2109 ARCOLA AVENUE, Silver Spring MD 20902

$300,000

2109 ARCOLA AVENUE, Silver Spring

Spacious 3 BR, 2.5 BA rambler with 2 fireplaces! Wood floors through most of main level. Quick access to public transportation.

  • Beds 3
  • Baths 3.0
  • MLS MC7925294

 

11611 GAIL STREET, Silver Spring MD 20902

$274,500?

11611 GAIL STREET, Silver Spring

Great location! Charming 3 bedroom, 2 bathroom rambler in Silver Spring. Two bedrooms and one full bath on the main level, living ...

  • Beds 3
  • Baths 2.0
  • MLS MC7932123

 

710 OXFORD SQUARE DRIVE, Silver Spring MD 20905

$150,000

710 OXFORD SQUARE DRIVE, Silver Spring

Make offer! Hud home sold as-is, hud case #:249-503050. Equal housing opportunity. Fha insurable. Ground rent/hoa/condo fees/fron...

  • Beds 3
  • Baths 2.0
  • MLS MC7945432

 

3102 BECKENHAM COURT Unit #251, Silver Spring MD 20906

$109,950

3102 BECKENHAM COURT Unit #251, Silver Spring — Rossmoor Mutual 11

Bank owned-needs cosmetics but a good buy for the money. Rossmoor Leisure World is an over 55 Community. 1 Assigned parking spac...

  • Beds 2
  • Baths 3.0
  • MLS MC7945510
  • SqFt. 1,359

 

15107 INTERLACHEN DRIVE Unit #2-305, Silver Spring MD 20906

$93,499

15107 INTERLACHEN DRIVE Unit #2-305, Silver Spring — Leisure World

This is a Fannie Mae HomePath property. Purchase for as little as 3% down. Property approved for Homepath Mortgage financing and...

  • Beds 2
  • Baths 2.0
  • MLS MC7924804
  • SqFt. 950

 

12001 OLD COLUMBIA PIKE Unit #817, Silver Spring MD 20904

$72,599

12001 OLD COLUMBIA PIKE Unit #817, Silver Spring — Columbia Towers

Freshly painted and carpeted 1bed/1bath unit. Great view from the eight floor balcony! Do not miss / Great Price!!! Fannie Mae Hom...

  • Beds 1
  • Baths 1.0
  • MLS MC7932278
  • SqFt. 550

 

 

Latest Listings in Silver Spring Maryland as of 10/17/2012

 

1111 MCNEIL LANE, Silver Spring MD 20905

$1,400,000

1111 MCNEIL LANE, Silver Spring

Stunning quality designer built home located in Good Hope Estates. This exclusive estate features the Main House and includes a 4 ...

  • Beds 4
  • Baths 4.0
  • MLS MC7810946

 

2712 OLD BRIGGS CHANEY ROAD, Silver Spring MD 20905

$1,100,000

2712 OLD BRIGGS CHANEY ROAD, Silver Spring

Flawless country estate-spectacular 7500 sq ft Col +2 out bldings on almost 2 breathtaking acres. Essence of luxury/ custom finish...

  • Beds 8
  • Baths 7.0
  • MLS MC7930419
  • SqFt. 7,500

 

1605 CEDAR VIEW COURT, Silver Spring MD 20910

$999,990?

1605 CEDAR VIEW COURT, Silver Spring

Near Georgia. Av. but QUIET home in Cul-de-sac,blocks to downtown SS &DC, 2metros & 495. New roof, New front porch, big deck, Ston...

  • Beds 6
  • Baths 5.0
  • MLS MC7855881

 

401 HILTON HEAD COURT, Silver Spring MD 20905

$997,000?

401 HILTON HEAD COURT, Silver Spring

Luxury home in sought after Hampshire Green Golf Course Community. Beautiful 6 BR, 4.5 BA home on a Premium Lot with a view of the...

  • Beds 6
  • Baths 5.0
  • MLS MC7788499

 

407 WINDSOR STREET, Silver Spring MD 20910

$989,000

407 WINDSOR STREET, Silver Spring

DO NOT MISS, SPECIAL PROPERTY! 4 finished levels! Backs to Sligo Creek Park! Grand & Elegant Center Hall Colonial. Park room perch...

  • Beds 5
  • Baths 5.0
  • MLS MC7946232

 

16927 HARBOUR TOWN DRIVE, Silver Spring MD 20905

$949,900

16927 HARBOUR TOWN DRIVE, Silver Spring

Beautiful well-kept NV Home on the corner premium 3/4 acre lot backs to tranquil view of the golf course, 3 sided brick exteriors,...

  • Beds 6
  • Baths 5.0
  • MLS MC7904975

 

16604 CYPRESS BAY LANE, Silver Spring MD 20905

$942,900?

16604 CYPRESS BAY LANE, Silver Spring

Stunning colonial in a cul-de-sac with a beautiful roaming backyard. Three full baths on the top level with gorgeous master bedr...

  • Beds 6
  • Baths 5.0
  • MLS MC7933006

 

202 ROSALIE COVE COURT, Silver Spring MD 20905

$939,000

202 ROSALIE COVE COURT, Silver Spring

Stunning brick col w/all the bells & whistles! Grand 2-story foyer, hardwood floors, chefs kitchen w/ctr island cook top & cherry ...

  • Beds 5
  • Baths 6.0
  • MLS MC7928041
  • SqFt. 7,106

 

811 EDELBLUT DRIVE, Silver Spring MD 20901

$900,000

811 EDELBLUT DRIVE, Silver Spring

This home boast marble foyer, kitchen upgrades,jacuzzi, built in barbeque pit off patio, Separate family room and dining room,wet ...

  • Beds 5
  • Baths 4.0
  • MLS MC7900660

 

507 DENNIS AVENUE, Silver Spring MD 20901

$899,900

507 DENNIS AVENUE, Silver Spring

Amazing opportunity to own 1890 Colonial on lg 3/4 acre lot near 495/95. 2 additional adjoining lots convey with purchase. Propert...

  • Beds 6
  • Baths 4.0
  • MLS MC7897773

 

9011 ALTON PARKWAY, Silver Spring MD 20910

$899,900?

9011 ALTON PARKWAY, Silver Spring

Custom built home in the "Heart of Woodside Park" so quiet yet close to downtown SS/Metro & DC. Lrg dining rm open to great rm w/v...

  • Beds 6
  • Baths 4.0
  • MLS MC7898590

 

9128 GEORGIA AVENUE, Silver Spring MD 20910

$899,900

9128 GEORGIA AVENUE, Silver Spring

Stunning, nearly new contemporary Colonial, in a private 4-home enclave, just blocks from the vibrant center of downtown Silver Sp...

  • Beds 5
  • Baths 6.0
  • MLS MC7889855

 

205 WARRENTON DRIVE, Silver Spring MD 20904

$899,500

205 WARRENTON DRIVE, Silver Spring

Custom Springbrook Rancher on top of an unbelievable 5.68 acre country setting. RENOVATIONS & UPDATES include - kitchen, all new s...

  • Beds 4
  • Baths 4.0
  • MLS MC7868504

 

706 INDIAN WELLS COURT, Silver Spring MD 20905

$843,900

706 INDIAN WELLS COURT, Silver Spring

Luxury home in sought after Hampshire Green Golf Course Community. Beautiful 5 BR, 4.5 BA home on a Premium Lot with a view of the...

  • Beds 5
  • Baths 5.0
  • MLS MC7934394

 

1100 SNIDER LANE, Silver Spring MD 20905

$825,000

1100 SNIDER LANE, Silver Spring

Custom built colonial w/ RARE 1 acre flat lot in Silver Spring. Tastefully adorned w/ crown molding, wainscotting, chair railing +...

  • Beds 6
  • Baths 6.0
  • MLS MC7942419

 

16529 HARBOUR TOWN DRIVE, Silver Spring MD 20905

$825,000

16529 HARBOUR TOWN DRIVE, Silver Spring

Large, elegant stone front home w/ beautiful views of golf course, luxurious home features expanded gourmet kitchen w/ center isla...

  • Beds 5
  • Baths 5.0
  • MLS MC7900708
  • SqFt. 6,906

 

2010 FLINT HILL ROAD, Silver Spring MD 20906

$824,900

2010 FLINT HILL ROAD, Silver Spring

Great Home. Great neighborhood.

  • Beds 6
  • Baths 5.0
  • MLS MC7890339
  • SqFt. 5,000

 

400 CALLOWAY COURT, Silver Spring MD 20905

$820,000?

400 CALLOWAY COURT, Silver Spring

NEW LOWER PRICE! Gorgeous Home in Hampshire Greens Community with Lots of Curb Appeal. Shows like Model Home! Designer Accents Thr...

  • Beds 5
  • Baths 4.0
  • MLS MC7839481

 

15800 LAUGHLIN LANE, Silver Spring MD 20906

$815,000

15800 LAUGHLIN LANE, Silver Spring

Home is nestled on 2 acres in sought after exclusive cluster of custom estates. Brick front colonial w/3 car side load garage enj...

  • Beds 5
  • Baths 4.0
  • MLS MC7934715
  • SqFt. 4,746

 

705 INDIAN WELLS COURT, Silver Spring MD 20905

$805,000

705 INDIAN WELLS COURT, Silver Spring

Premium cul-de-sac, beautiful wooded lot. 2-story foyer & family rm w/ stone FP, gourmet kit includes SS appliances, sun rm w/ 2nd...

  • Beds 5
  • Baths 5.0
  • MLS MC7902481
  • SqFt. 4,600

 

SADDLEROCK COURT, Silver Spring MD 20902

$799,990

SADDLEROCK COURT, Silver Spring

new sf home on one of two to-be subdivided lots located at 15 Saddlerock Ct. contact listing agent for plans and specs

  • Beds 4
  • Baths 3.0
  • MLS MC7818653
  • SqFt. 2,900

 

13513 MOONLIGHT TRAIL DRIVE, Silver Spring MD 20906

$799,900

13513 MOONLIGHT TRAIL DRIVE, Silver Spring

ATTENTION AGENTS, PLEASE CONTACT BUILDER REP DIRECTLY. Commission at 3% of base price. Beautiful new Winchester Homes, "Brandford"...

  • Beds 4
  • Baths 5.0
  • MLS MC7905478

 

12706 TWO FARM DRIVE, Silver Spring MD 20904

$799,000?

12706 TWO FARM DRIVE, Silver Spring

Priced to sell, available immediately. over 6000sq of finished space. 10ft tray ceilings Large Master with sitting room,2walk in ...

  • Beds 5
  • Baths 5.0
  • MLS MC7898756

 

13776 NIGHT SKY DRIVE, Silver Spring MD 20906

$778,850

13776 NIGHT SKY DRIVE, Silver Spring

Beautiful and new to be built Winchester Homes. This home features 3 finished levels of luxury and features such as; finished base...

  • Beds 4
  • Baths 5.0
  • MLS MC7889804

 

13315 MOONLIGHT TRAIL DRIVE, Silver Spring MD 20906

$778,776

13315 MOONLIGHT TRAIL DRIVE, Silver Spring

Beautiful and new to be built Winchester Homes. This home features 3 finished levels of luxury and features such as; finished base...

  • Beds 4
  • Baths 6.0
  • MLS MC7889956

 

1700 BRIGGS CHANEY ROAD, Silver Spring MD 20905

$764,900?

1700 BRIGGS CHANEY ROAD, Silver Spring

Bottom line Price!! Unbelievable price for this beautiful home on 2.55 Acres.Separate Carriage House 60'x24', Card Room with count...

  • Beds 5
  • Baths 6.0
  • MLS MC7730195
  • SqFt. 5,555

 

13748 NIGHT SKY DRIVE, Silver Spring MD 20906

$757,290

13748 NIGHT SKY DRIVE, Silver Spring

New Construction!! Winchester Homes In The New 'Poplar Run' Community. Includes 4 Ft Extension On The Family & Breakfast Nook! Mas...

  • Beds 4
  • Baths 5.0
  • MLS MC7891069

 

506 MIDLAND ROAD, Silver Spring MD 20904

$749,900

506 MIDLAND ROAD, Silver Spring

Spacious 6 bedroom 4 bath custom built colonial on a gorgeous full acre lot with professional landscaping. Everything is completel...

  • Beds 6
  • Baths 4.0
  • MLS MC7917847

 

15 SADDLEROCK COURT, Silver Spring MD 20902

$749,900

15 SADDLEROCK COURT, Silver Spring

Unique residential property on large cul-de-sac lot. Could be residential/potential house of worship/potential home medical offic...

  • Beds 5
  • Baths 3.0
  • MLS MC7818615
  • SqFt. 2,700

 

37 BRYANTS NURSERY ROAD, Silver Spring MD 20905

$745,500

37 BRYANTS NURSERY ROAD, Silver Spring

Gorgeous 2-Acre wooded lot featuring a custom GEM w/ 22ft ceilings! Marble foyer, beautiful hard wood, 1st floor master suite wi...

  • Beds 5
  • Baths 4.0
  • MLS MC7942285


The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX. Properties listed with brokerage firms other than Real Estate Company. are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers. The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified. All listing information copyright MRIS 2012. Last updated: October 15, 2012

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Silver Spring Real Estate News & Market Updates for the week of 10/17/2012