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February 12, 2012

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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Silver Spring, Maryland

Reported by Emcee M. Arah, REALTOR

Updated February 8, 2012.

Current Market Rating: 2




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Buyer's

Seller's

Current Price Trend: 2




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Falling

Rising

The median sales price for homes in Silver Spring MD for Oct 11 to Dec 11 was $280,000. This represents an increase of 9.8%, or $25,000, compared to the prior quarter and a decrease of 17.6% compared to the prior year. Sales prices have depreciated 34.3% over the last 5 years in Silver Spring. The average listing price for Silver Spring homes for sale on Trulia was $376,702 for the week ending Jan 25, which represents an increase of 0.4%, or $1,348, compared to the prior week and an increase of 0.6%, or $2,275, compared to the week ending Jan 04. Average price per square foot for Silver Spring MD was $275, an increase of 20.6% compared to the same period last year.

ZIP Codes: 20901, 20902, 20903, 20904, 20905, 20906, 20910, 20912

Location Characteristics: Although Silver Spring real estate has always been desirable to those looking for homes in the Washington, D.C. area, downtown Silver Spring has become even more popular since undergoing something of a renaissance over the last few years. Silver Spring real estate owners now have access to a wide variety of shopping and dining establishments ranging from national chains to family-owned businesses. The Arts have also thrived. The reopening of the Silver Theatre, renamed AFI Silver, has made the city a mecca for independent films. The city now hosts a documentary film festival, Silverdocs, that has become a major draw for Silver Spring real estate owners and tourists alike. But perhaps most importantly, this transformation has brought significant employment opportunities to the city's residents. In 2003, Discovery Communications completed its corporate headquarters adjacent to the Silver Spring Metro station. The National Oceanic and Atmospheric Administration and the American Nurses Association also call Silver Spring real estate home, providing jobs not only to area residents but also to commuters from adjacent suburbs.

For More Information:

View Market Conditions of other areas served by Emcee M. Arah

Navigate: Top > Maryland > Silver Spring

About Emcee M. Arah:
OBJECTIVE

Helping you PLAN and ACHIEVE your REAL ESTATE NEEDS by using PROVEN MARKETING STRATEGIES that guarantee a SUCCESSFUL MOVE.

MISSION STATEMENT

Dedicated to providing quality service through a stress-free step-by-step system of real estate services designed to assure a smooth, exciting and worthwhile relocation of our clients. With the Dedicated Staff at EMA Real Estate Group and RE/MAX Advantage Realty, we are committed to exceeding your highest expectation by always going the extra mile in serving all your real estate needs.

EDUCATION/LICENSES
Bachelor of Architecture, University of Tennessee, Knoxville Tennessee, 1986.
Licensed in Maryland, Virginia and Washington, D.C.
Buyer Broker Certification, 1993.
Relocation and Foreclosure Specialist, 1996.
First-time Homebuyer/Creative Financing Experience - 17 years.

AFFILIATIONS/MEMBERSHIPS

National Association of REALTORS (NAR).
Maryland Association of REALTORS (MAR).
Metropolitan Regional Information System (MRIS)
Greater Capital Area Association of REALTORS (GCAAR).
Re/max International Network of REALTORS.
By Referral Only Network of REALTORS.
Russer Online Dominance Network of REALTORS.
Certified Residential (REALTORS) Specialists (CRS).
Property Minder Member REALTOR alliance Network.

AWARDS AND ACHIEVEMENTS

100% Club, REMAX International, 2000 - Current.
Executive Club, RE/MAX International - 1999.
President's Club, RE/MAX International - 1998.
Certified Freddie Mac CreditSmart Counselor.
Instructor, Principles & Practice of Real Estate 1996 - 1997.
President, Toastmasters Club #36/7415, Washington DC, 1989 -1992.
Competent Toastmaster Award, Toastmasters International, 1991.
Mathematics Teacher, Montgomery County Schools(Adult Ed), 1989 - 1992.
Architect, Bryant and Bryant Architects and Planners, Wash., DC 1986 -1992.

PERSONAL

Honest and effective marketing strategist, who is always reliable and helpful.
13 year - Maryland resident, currently living in Silver Spring, Maryland with wife and three of our four children. Enjoys tennis, swimming, reading and traveling. Football and basketball enthusiast! If you want a full-time Professional that understands buildings, experienced in the real estate business and is available every step of the way, call EMCEE at (301) 452-5252.


These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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