BCCDC Real Estate by Marcie Sandalow

Chevy Chase, DC 20015 Market Report, September 2010

said on October 10th, 2010 filed under: Chevy Chase, State of the Market

Market Watch orange

In September of 2010 there were 7 homes that closed within the month for 20015 Chevy Chase, DC.  This was a decrease of 7 units, as there were 14 homes that closed in September of 2009.

The average list price for homes that closed in September 2009 was $814,164.
The average list price for homes that closed in September 2010 was $946,700.

The average sale price for the homes that closed in September 2009 was $731,286.
The average sale price for the homes that closed in September 2010 was $914,643.

The average Days on Market for homes that closed in September 2009 was 70 days.
The average Days on Market for homes that closed in September 2010 was 205 days.

30 homes went under contract in 20015 Chevy Chase, DC in the month of September 2010.  The average list price of homes that went under contract was $724,960.  The average Days on Market for these 20015 Chevy Chase, DC  homes was 35 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?

Only 7 sales!  Really, Chevy Chase.  You can do better than this.  As the numbers would have it, we can expect a jump in activity come October. The average days on market for sold homes in 2010 is alarmingly high, but can be attributed to a lone listing on the market for 596 days. The most promising indicator is the relationship between asking price and sales price: in August 2009 the final sales price was 89.8% of the asking price.  In August 2010 the final sales price was 96.6%. Big change, and in the right direction!

August Report
July Report

June Report

May Report
April Report

posted by Marcie Sandalow

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