Friday, July 17, 2015

New Listing! Charming Updated Rambler in BCC Cluster!


2314 ROSS RD, SILVER SPRING, MD, 20910

 
 
2314 ROSS RD, SILVER SPRING, MD, 20910
 
$599,000

Charming Updated Brick Rambler in BCC Cluster! Spacious Living Room with Bay Window. Beautiful Granite and Stainless Steel Kitchen Opens to Dining Room. Master Bedroom with Full Bath and Ample Closet Space. Renovated Hall Bath. Finished Lower Level with HUGE Recreation Room, Guest Room, Full Bath, & Storage! Picturesque Garden Arbor with Real Grape Leaves - Provides Excellent Shade! Amazing Fenced Level Backyard with Stone Patio and Gas Line to Grill! Lush Landscaping & Driveway!

Year Built:  1956 
Acreage:  .174 
Square Feet:  7558

Interior Square Feet Per Truplace: 2,100
Schools: Rock Creek Forest Elementary School, Westland Middle School and Bethesda-Chevy Chase High School!

Estimated Tax and Non-Tax Charges in the First Fiscal Year of Ownership $5,984.73

Tuesday, July 7, 2015

District Prices Remain Strong Even Though Settlements Drop Slightly


County Contracts and Settlements Increase for Third Consecutive Month
 
Article From GCAAR
District condo and single-family prices continued their upward climb in May, even though condo and single-family settlements dropped and single-family inventory increased slightly. Montgomery County prices decreased and inventory rose in both areas compared to the same time last year. Condo and single-family contracts and settlements increased in the County for the third consecutive month and are higher than May 2014.   
    
Washington, DC
The days on market was down by 5 days (12.50%) compared to May 2014. The median price for condos rose 4%, with single-family homes increasing by 7.4%. Inventory dropped 1.7% for condos, but increased by 0.7% for single-family homes. Contract activity dropped slightly, 0.9% for condos, and but rose by 7.2% for single-family homes. Condo and single-family settlements dropped in May, by 4.8% and 2.1% respectively compared to May 2014.
 
Montgomery County
The average number of days on market was up by 8 days (20.51%) compared to May 2014. Median condo prices dropped by 2.2%, and single-family homes dropped by 3.8%, compared to the same time last year. The amount of available inventory increased in May, with a 34.9% increase for condos and a 14% increase for single-family homes. The number of condo contracts rose by 8%, and single-family contracts saw a 9.9% increase. Condo settlements increased by 5.7% and single-family settlements increased by 10.8% compared to May 2014.   


District of Columbia
May 2015May 2014Change
Average Days on Market: Condo & 
Single-Family Homes
3540
 -12.50%
Condo Median Price$434,900$418,000
4.0%
Condo Total Active Listings 674686
-1.7%
New Condo Contracts This Month446450
0.9%
Condo Settlements This Month375394
-4.8%
Condo Absorption Rate (Total Active Listings /New Contracts)1.511.52
-0.7%
Single-Family Median Price
$639,000
$595,000
7.4%
Single-Family Total Active Listings
603
599
0.7%
New Single-Family Contracts This Month
490
457
7.2%
Single-Family Settlements This Month381
389
-2.1%
Single-Family Absorption Rate (Total Active Listings /New Contracts)
1.23
1.31
-6.1%
Montgomery CountyMay 2015May 2014Change
Average Days on Market: Condo & 
Single-Family Homes
473920.51%
Condo Median Price
$220,000
$225,000


-2.2%
Condo Total Active Listings739548
34.9%
New Condo Contracts This Month
323
299
8.0%
Condo Settlements This Month
261
247
5.7%
Condo Absorption Rate (Total Active Listings /New Contracts)2.29
1.83
25.1%
Single-Family Median Price$445,000$462,438
-3.8%
Single-Family Total Active Listings27792438

14.0%
New Single-Family Contracts This Month11311029
9.9%
Single-Family Settlements This Month961867
10.8%
Single-Family Absorption Rate (Total Active Listings /New Contracts)2.462.28
7.9%