South Silver Spring Real Estate Condo Market Report - The Silverton Condos

By
Real Estate Agent with Long & Foster Real Estate, Inc MD 82788 DC SP97220


The Silverton Condos (by JBG Group) on East West Highway was built around the vintage art deco facade of the former Canada Dry bottling plant and has 210 dwelling units. 
The units were finished in 2006 - 2007 

The Silverton has Beautifully Appointed Floor Plans, Glass Doors Leading to Private Balconies,
Chef-Caliber Kitchens with Maple Cabinets and Granite Countertops, Granite Vanities in Bathrooms and Full-Size Washers and Dryers in the units!

There is a High-Tech Resident E-Lounge, Swimming Pool, Expansive Sundeck and a Cutting-Edge Fitness Center.

The Building is within Walking Distance to Metro and has Easy Access to Washington, DC & I-495 Close to Excellent Shopping, Fine Dining & Entertainment.  

This market report encompasses All Sales Activity at the Silverton ( January 2008 - July 2008)  
All data is from the Metropolitan Regional Information System

3 Active (For Sale) Listings
1)  2 Bedroom 2 Bath - 3rd Floor Unit (1,307 sq ft)
     Asking Price - $499,900  Days on Market - 117
2)  2 Bedroom 2 Bath - 2nd Floor Corner Unit
     (1,084 sq ft) Asking Price - $395,000 
     Days on Market - 62
3)  1 Bedroom 1 Bath - 2nd Floor Unit (718 sq ft)
     Asking Price - $290,000 Days on Market - 232

1 Listing Under Contract
1)  1 Bedroom 1 Bath - 1st Floor Unit (792 sq ft)
     Asking Price - $290,000 Days on Market - 65

3 Sold Listings
1)  1 Bedroom 2 Bath Special Unit  (955 sq ft)
     Asking Price - $324,900 Sold Price - $324,900
     Days on Market - 25
2)  1 Bedroom 2 Bath Special Unit (955 sq ft)
     Asking Price  - $324,900 Sold price - $324,900
     Days on Market - 25
3)  1 Bedroom 1 Bath 2nd Floor Unit (776 sq ft)
     Asking Price - $295,000 Sold Price - $290,000
     Seller Subsidy $7,700 - Days on Market - 58


Thinking about Selling or Buying a South Silver Spring Condominium? - Contact  Debbie Cook (301) 587-3528 for your current, No Obligation Market Report on the Silver Spring Condominium Market.

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Rainer
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Hans Iduma
Gaithersburg, MD
Certified Mortgage Planning Specialist

Debbie-Thanks again for the RE market update in my Silver Spring neighborhood. From your update, it appears properties are staying shorter in the market and the prices also appear to be stablizing.

Jul 13, 2008 08:59 AM #1
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Mariela Edwards

Live in the Blairs and want to move to the Silverton at some point.  While in no hurry, am interested in a 3 bedroom.  Do you have? Or, are these units strictly one and two bedroom units?

Mar 20, 2009 11:30 AM #2
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Rainmaker
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Debbie Cook

Silver Spring and Takoma Park Maryland Real Estate
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