Bethesda 20817 Market Report, May 2010

said on June 16th, 2010 filed under: Bethesda, State of the Market

In May of 2010 there were 34 homes that closed within the month for 20817 Bethesda, Maryland. This was an decrease of 11 units, as there were 45 homes that closed in May of 2009.

The average list price for homes that closed in May of 2009 was $881,596
The average list price for homes that closed in May of 2010 was $877,985

The average sale price for the homes that closed in May 2009 was $769,239
The average sale price for the homes that closed in May 2010 was $838,412

The average Days on Market for homes that closed in May 2009 was 109 days.
The average Days on Market for homes that closed in May 2010 was 46 days.

34 homes went under contract in 20817 Bethesda in the month of May 2010. The average list price of homes that went under contract was $936,629. The average Days on Market for these 20817 Bethesda homes was 54 days.

January – December 2008 & 2009 Market Statistics for 20817 Bethesda, MD

In 20817 Bethesda, MD for the period of January to December 2008 there were 396 properties sold.
In 20817 Bethesda, MD for the period of January to December 2009 there were 432 properties sold.

In 20817 Bethesda, MD for the period of January to December 2008 the average list price was $1,049,400, the average sales price was $967,839 and the average Days on Market was 80.9 days.

In 20817 Bethesda, MD for the period of January to December 2009 the average list price was $919361, the average sales price was $839,526 and the average Days on Market was 89.24 days.

So, what does all of this mean?

While the difference in asking price didn’t differ all that much from year to year, in May 2010 the actual sales price improved significantly. The gap between asking price and sales price in 2009 was $112,357. In 2010 the gap narrowed to $39,573. Days on market have also improved in May 2010, down to 46 days vs. 109 in May 2009. The number of transactions to take place in May of 2010 is down from April, but that can be attributed to the frenzy before the tax credit deadline of April 30.

posted by Marcie Sandalow

This entry was posted on Wednesday, June 16th, 2010 at 11:42 am and is filed under Bethesda, State of the Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.