South Silver Spring Real Estate Market Report for 8045 Newell Street Condos

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 market report is for the last 6 month period May 4 through November 4th 2007.  All units are resales reported in the Metropolitan Regional Information Service (MRIS)

4 Active For Sale Listings
1)  1 Bedroom - 1 Bath 5th (Top) Floor Unit with Sunroom (817 sq ft) 
Asking  - $295,000 Days on Market - 9

2)  1 Bedroom - 1 Bath 5th Floor unit with Sunroom (820 sq ft) Asking - $325,000 
Days on Market - 185

3)  2 Bedroom - 1 Bath 3rd floor Unit
(935 sq ft) - Asking $320,000 
Days on Market - 15

4)  2 Bedroom - 2 Bath 2nd Floor Unit
(1,222 sq ft) - Asking $395,000

2 Listings are Under Contract
1)  Efficiency 0 Bedroom - 1 Bath - 2nd Floor unit (569 sq ft) Days on Market - 5
Asking - $108,736

2)  Efficiency 0 Bedroom - 1 Bath 
4th Floor Unit (569 sq ft) Days on Market - 3

                                           In all of 2007 there were 12 Condominiums Sold at 8045 Newell Street:

6 Units were 1 Bedroom - 1 Bath Units
List Price Range $296,000 to $326,999
Sold Price Range $285,000 to $310,000

2 Units were 2 Bedroom - 1 Bath Units
List Price Range $335,000 - 339,000
Sold Price Range $330,000 to $339,000

4 Units were 2 Bedroom - 2 Bath Units
List Price Range $390,000 to $439,900
Sold Price Range $378,000 to $439,900

Average Days on the Market for all Condos at 8045 Newell Street in 2007 - 116 Days

8 Listings were Expired and or Withdrawn from the Market in 2007
All units except 1 were 1 Bedroom 1 Bath Units
Average List Price - $367,000
Average Days on Market - 157 Days


If you are thinking about Selling Your Silver Spring Condominium - Call on Debbie Cook and The Silver Spring Team for a No Obligation Market Report on Your Silver Spring Condominium. With our 21 years of Experience and our Enthusiasm for Silver Spring, we know how to get Silver Spring Condos Sold Fast and for Top Dollar in the Current Silver Spring Real Estate Market.
 
           Click for an Over the Net Comparative Market Analysis (CMA) of your Silver Spring Home's Value

 

0 comments • Debbie Cook • February 05 2008 11:50PM

8045 Newell Street Unit 513, South Silver Spring, MD 20910

New Downtown Silver Spring Condo - $295,000

Fun,Funky Hip and Laid Back Urban Lifestyle offered here! Luxury Top Floor Unit in Small Intimate New Building by Acorn Park in Walkable South Silver Spring neighborhood. Open Floor Plan with High Ceilings and Fantastic Sunroom - Incredible Views. Upgraded Kitchen with granite Counters and High End Appliances. Washer and Dryer in Unit. Walk to Silver Spring Metro/Red Line and all the new ammenities of Downtown Silver Spring.

  • 1 bedroom, 1 bath
  • High Ceilings and Tons of Light - Lovely Sunroom
  • Secure Building - Exercise Room - Party Room
  • High End Gourmet Kitchen with Granite Countertops
  • Great Views of Park and Downtown Silver Spring
  • Sell the Car! - Walkable South Silver Spring Neighborhood. Only Steps from METRO

    •                                     Interior Photos, Tour and More Info at this Property's Dedicated Website

     

    2 comments • Debbie Cook • February 05 2008 10:03PM

    Silver Spring, MD Oakview Neighborhood Real Estate Market Report

    A neighborhood of post war cape cods colonials ramblers and split levels.  Oakview is located in a convenient area of Silver Spring,  inside the beltway and approximately 2 miles to the Washington, D.C. border.  Oakview is bordered by Northwest Branch Park, the Beltway, New Hampshire Avenue and Stateside Drive.  There are 692 Single Family Homes in Oakview. Oakview has the most affordable single family homes in Silver Spring that are located INSIDE the Beltway!

    Market Report for Single Family (Detached) Homes in the Oakview Neighborhood of Silver Spring, Md 20903  Real Estate Activity from November 5th 2007 to February 5th 2007. 

    Currently 18 Active Listings
    Price Range $269,900 to $549,900
    Average Price for Active Listings - $406,650
    Average Time on the Market - 162 Days

    1 Pending (Listings Under Contract)
    List Price for Pending Listing - $365,000
    Days on Market - 9

    10 Listings were Withdrawn Expired from the Market
    Average List Price of Withdrawn Listings - $453,870
    Average Days on Market before withdrawl - 127

    6 Sold Listings
    Average List Price - $385,549
    Average Sold Price - $377,583
    Average Days on Market - 101


    2007 Year End Sales Report 
    There were 23 Homes Sold in Oakview in all of 2007. 
    The Average List (Asking)Price in 2007 was  - $420,612 and the Average SOLD Price was - $415,065
    The Average Amount of Seller Credits or Subsidy to Buyers in 2007 was $13,500 per House Sold
    The Average Time it took to sell a House in Oakview was 80 Days

    Click Here to Search all homes available for Sale in Oakview , Silver Spring,  MD  20903


    If you are thinking about Selling Your Silver Spring Home - Call on Debbie Cook and The Silver Spring Team for a No Obligation Market Report on Your Silver Spring Property. With our 21 years of Experience and our Enthusiasm for Silver Spring, we know how to get Silver Spring Homes Sold Fast and for Top Dollar in the Current Silver Spring Real Estate Market.
     
               Click for an Over the Net Comparative Market Analysis (CMA) of your Silver Spring Home's Value

     

    1 comment • Debbie Cook • February 05 2008 11:29AM