BCCDC Real Estate by Marcie Sandalow

Chevy Chase, DC 20015 Market Report, July 2010

said on August 7th, 2010 filed under: Chevy Chase, District of Columbia, State of the Market

Market Watch orange

In July of 2010 there were 22 homes that closed within the month for 20015 Chevy Chase, DC.  This was an increase of 6 units, as there were 16 homes that closed in July of 2009.

The average list price for homes that closed in July of 2009 was $824,806
The average list price for homes that closed in July of 2010 was $901,386

The average sale price for the homes that closed in July 2009 was $796,718
The average sale price for the homes that closed in July 2010 was $868,605

The average Days on Market for homes that closed in July 2009 was 53 days.
The average Days on Market for homes that closed in July 2010 was 69 days.

15 homes went under contract in 20015 Chevy Chase, DC in the month of July 2010.  The average list price of homes that went under contract was $848,657.  The average Days on Market for these 20015 Chevy Chase, DC  homes was 69 days.

January – December 2008 & 2009 Market Statistics for 20015 Chevy Chase, DC

In 20015 Chevy Chase, DC for the period of January to December 2008 there were 165 properties sold.
In 20015 Chevy Chase, DC for the period of January to December 2009 there were 184 properties sold.

In 20015 Chevy Chase, DC for the period of January to December 2008 the average list price was $944,780, the average sales price was $902,340 and the average Days on Market was 59.7 days.

In 20015 Chevy Chase, DC for the period of January to December 2009 the average list price was $890,522, the average sales price was $842,155 and the average Days on Market was 65.1 days.

So, what does all of this mean?

For the third month in a row we’ve seen sales prices increase at a very healthy rate.  The number of homes sold has decreased slightly, but a lot of that can be attributed to the end of the first time buyer tax break.  The difference between list price and sales price remains fairly reasonable – about $40,000+ apart.  In May it was only $5,000 apart, but I think that was a bit of a fluke.  Inventory remains low, and well appointed and reasonably priced homes are selling quickly.

June Report
May Report
April Report

posted by Marcie Sandalow

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