The condo located at 8201 Grubb Road Silver Spring, MD #G-102 is for sale at 259K. It is located near downtown Silver Spring, MD. Its MLS # MC6447225. Using the BLS Inflation Calculator, that 259K for sale price would be 235K in 2004 dollars (inflation adjusted dollar). However, the very same condo unit sold for 245K on 05/26/2004. Thus, its 2007 real dollar price is less then its 2004 price. That is, adjusted for inflation (by the CPI), the condo unit is selling for less today then what is sold for in the middle of 2004.
This condo unit, Courtesy of Northern Virginia Housing Bubble Fallout
9490 VIRGINIA CENTER BLVD #127 VIENNA, VA 22181
List Price: $275,000 Listing Date: 04/29/07
Prior Sale: $308,900 10/21/2004
Prices are rolling back on condos in the Washington, DC area. The real dollar price gains of 2005 have disappeared. In most areas in the Washington, DC metro area, inflation adjusted condo prices are back to 2004 or late 2003.