Silver Spring, Md Real Estate Market Activity - Indian Spring Neighborhood

 Homes in the Indian Spring Neigborhood were originally built as Golf Course or Country Club Homes. The area was developed around the Old Indian Spring Country Club & Golf Course in the early 1930's. When Country Club moved out to Layhill Road in mid 1950's, the grounds and buildings became the home of the Silver Spring YMCA.  Indian Spring is just inside the Beltway in Silver Spring, east of Colesville Road (Route 29). The south border is Franklin Avenue and the west, University Boulevard.

The Indian Spring community was listed in the Washingtonian one of the "Best Places to Live" (2005).  "This is the kind of inner-Beltway suburb that downtown Silver Spring was revitalized for. The professionals living here may have families, but they're not so suburbanized that they don't enjoy the art films, live music, and trendy food that are trademarks of the new Silver Spring."  - Washingtonian Magazine.


Real Estate Sales for Single Family Homes
in the Indian Spring Neighborhood of Silver Spring, MD 20901
April 1st - September 1st 2007 (6 months)

Currently 13 Active (For Sale) Listings
Average Price Actives - $502,400
Lowest Price - $375,000
Highest Price - $635,000
Average Time on Market - 43 Days

3 Listings Under Contract - Pendings
Average List Price of Pendings - $489,000
Average Time on Market - 67 Days

3 Listings Withdrawn from Market or Expired
Average Price Withdrawns - $560,000
Average Time on Market - 175 Days

15 Sold Listings
Average List (Asking) Price - $511,133
Average Sold Price - $506,076
Lowest Sold Price - $440,000
Highest Sold Price - $590,000


                             Market Update Indian Spring Real Estate in 2008, 2009 and beyond

 

6 commentsDebbie Cook • September 01 2007 03:53PM

Comments

Ah.  Those fabulous old brick Colonials in Indian Springs.  These homes, if maintained well are a classic.  I love this neighborhood.  So convenient.  So beautiful.  It's one of the nicest "inside the Beltway neighborhoods in the area.

 

Posted by Lenn Harley, Real Estate Broker, Virginia & Maryland (Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate) over 2 years ago

Debbie - what beautiful buildings - I love those "classic" neighborhoods (and the prices are not bad either).

ines

Posted by Rick & Ines - Miami Beach Real Estate (Majestic Properties) over 2 years ago

Debbie, how big of an area is this in terms of houses? The reason I ask is that it doesn't appear to have many active listings and I was wondering how large of an area this really is?

The homes look lovely and well maintained from your photos.

Posted by Gena Riede, Real Estate Broker Sacramento CA Real Estate (916) 417-2699 (Riede Real Estate, Lic. 01310792) over 2 years ago

Gena,

There are 800 Houses in this area of Silver Spring.

Posted by Debbie Cook (Long & Foster Real Estate, Inc) over 2 years ago
Debbie, It looks like a fabulous area and obviously not experiencing any of the fallout that so many of us are enduing especially with only 13 active listings. Hope you have all 13!!
Posted by Gena Riede, Real Estate Broker Sacramento CA Real Estate (916) 417-2699 (Riede Real Estate, Lic. 01310792) over 2 years ago
Nice post Debbie.  Well laid out and it makes me want to move!
Posted by Lisa Heindel, New Orleans West Bank Real Estate (Keller Williams Realty Crescent City West Bank Partners) over 2 years ago

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