Archive for the 'Chevy Chase' Category
2011 Real Estate Statistics- Bethesda/Chevy Chase & DC
2011 Wrap up
On Wednesday of this week I had an opportunity to share some local real estate statistics on the new Washington Post’s “Where We Live“ blog. While it didn’t exactly launch into a vibrant on-line discussion (come on… it’s statistics), it was fun having it out there.
The table below breaks down real estate activity for 2008-2011 in the Bethesda/Chevy Chase/DC markets. Read below the graph for detailed analysis on what it all means…
I’ve been selling real estate for 12+ years. I’m always getting asked how the market is doing. The simple answer is that it’s a whole lot better than the rest of the country. But those in the market always want more detail, and that’s complicated. It’s easier to talk about real estate when there is a distinct swing in the market. I’ve been tracking real estate trends in Bethesda/Chevy Chase/Northwest DC for many years (specifically zip codes 20814, 20815, 20816, 20817, 20015 and 20016) and in 2011 we’ve got a hodge-podge of plusses and minuses, ending the year on a bit of a dull plateau. Still, given the turmoil in other parts of the US, this is a fine predicament.
- In 2007 2,153 homes sold with an average price of $918,074
- In 2008 1,796 homes sold with an average price of $870,833
- In 2009 1,951 homes sold with an average price of $819,145
- In 2010 1,978 homes sold with an average price of Read the rest of this entry »
Holiday Recycling in MoCo
Straight from the Montgomery County website…
Reminder: Christmas Tree recycling + holiday recycling tips
We will collect Christmas trees for recycling on your recycling day from Monday, December 26, 2011 through Friday, February 3, 2012. Remember to remove all decorations.
Local holiday light recycling locations accept light strings through January 2012.
Live Near the Red Line
Traffic these days is a miserable thing. People want to live near Metro so they can stay away from their cars. So, if you’re looking to buy a house in a neighborhood that’s convenient to the Red Line, search no further. I’ve got the skinny on the best neighborhoods within walking distance of Metro AND within the beltway:
NIH/Medical Center Metro: Since they closed access to NIH right after 911, your best and only access to the metro stop here is on the east side of the campus just off of Wisconsin Avenue. The closest neighborhoods include the north side of East Bethesda (aka Glenbrook Village), Locust Hill Estates, Alta Vista/Maplewood and Parkview Estates.
- Glenbrook Village/East Bethesda is a great neighborhood with about 300 homes. Most of the houses started off as modest colonials and capes, but many have added sizable additions and/or been replaced over the years with new construction. Houses in this neighborhood start at roughly $600,000 and top off around $1,500,000. The average walk to metro can range from 5-15 minutes depending on the lights.
- Locust Hill is a lovely enclave of older, more distinguished homes and larger Read the rest of this entry »
Chevy Chase DC 20015 Market Report 3Q-2011
In July, August & September of 2011 there were 48 homes that closed within the 3rd Quarter for 20015 Chevy Chase, DC. This was an increase of 2 units, as there were 46 homes that closed in 3Q 2010.
The average original list price for homes that closed in 3Q 2010 was $891,498
The average original list price for homes that closed in 3Q 2011 was $915,850
The average list price at time of sale for homes that closed in 3Q 2010 was $878,934
The average list price at time of sale for homes that closed in 3Q 2011 was $887,040
The average sale price for the homes that closed in 3Q 2010 was $864,581
The average sale price for the homes that closed in 3Q 2011 was Read the rest of this entry »
Chevy Chase MD 20815 Market Report 3Q 2011
In July, August & September of 2011 there were 93 homes that closed within the 3rd Quarter for 20815 Chevy Chase, Maryland. This was a decrease of 19 units, as there were 111 homes that closed in 3Q 2010.
The average original list price for homes that closed in 3Q 2010 was $977,044
The average original list price for homes that closed in 3Q 2011 was $969,876
The average list price at time of sale for homes that closed in 3Q 2010 was $950,698
The average list price at time of sale for homes that closed in 3Q 2011 was $950,565
The average sale price for the homes that closed in 3Q 2010 was $913,677
The average sale price for the homes that closed in 3Q 2011 was Read the rest of this entry »
Alert Montgomery
With Hurricane Irene about to strike, I thought it would be a good idea to let folks know about Alert Montgomery.
This alert system is administered by the Montgomery County Office of Emergency Management and Homeland Security and will contact you during a major crisis, emergency, or severe weather event. Residents who register on this system will receive only the most urgent alerts (e.g. Water main break, Tornado Warning) if they do not register for other optional groups. Alert Montgomery can deliver important emergency alerts, notifications and updates to you on all of your devices at once, including e-mail, cell phone, text message, etc.
Great service.
School Supply Drive- Montgomery County
Montgomery County Public Schools (MCPS) will collect new school supplies and backpacks at business locations around the county this month.
The school supplies and backpacks will be given to MCPS students in need during the school system’s fourth annual Back-to-School Fair on Saturday, Aug. 27.
Community members who wish to donate supplies can drop them off at several businesses and other locations starting Wednesday, Aug. 10:
AUGUST 10-17, WHOLE FOODS MARKET: Items can be dropped off in collection boxes at one of five locations in Montgomery County. On Wednesday, Aug. 17, follow Whole Foods on Twitter @WFM_MoCo and like them on Facebook for chances to win prizes and find out which store collects the most supplies. Read the rest of this entry »
Chevy Chase DC Farmers Market
The Broad Branch Farmers Market at Lafayette Elementary School in Chevy Chase DC runs every Saturday from 9-1 late April – November (market season). There are several vegetable stands, a wonderful french bakery with really good croissants and almond delicacies. Fresh cut flowers abound. I recently bought some roasted cashews and tarragon/garlic vinegar in a gorgeous glass bottle. There are homemade pastas to be had, along with grass fed meats and free range eggs. Frozen fruit popsicles were also available… which comes in handy when the temperature reaches for the sky. It’s a great little market.
Ten Cheapest Houses in Chevy Chase
Let’s not kid ourselves. Housing in Chevy Chase, one of the most iconic suburbs in all of the DC metropolitan area, doesn’t come cheap. But if living in CHEVY CHASE is part of your plan, there are several homes to be had at “bargain” prices (for the area, that is). And, as of July 7, 2011, the top ten cheapest single family detached homes in Chevy Chase (MD & DC combined) are (in order of highest to lowest):
#10. 9100 Levelle Drive, MD, $725,000
This is a really nice house in really nice shape. It started off in the spring at an inflated price of $775. AT $725, given the space and condition, it’s a great deal. Close to Rock Creek, NCC swim club, and on a quiet block. 4BR/3FB. Days on Market: 109
#9. 6700 East Avenue, MD, $699,999
Cutest little house you’ve ever seen. Walk to everything from this corner lot 3BR/2FB home perched on Bradley Lane. Wonderful screened porch. Updated kitchen. Hard to know what to make of the 2nd floor, but it does offer up a bedroom and a half bath. Garage. Central AC. Perfect for renovating or starting fresh. Days on Market: 62 Read the rest of this entry »
Foreclosure & Short Sale Activity Bethesda/Chevy Chase
I like to study trends in real estate. And, in just about every other corner of the US, foreclosures and short sales still loom large. Not so much in Bethesda/Chevy Chase. In 2010 there were 72 foreclosure and short sales within Bethesda/Chevy Chase (specifically, zip codes 20814, 20815, 20816, 20817 & 20818). Out of a total of 1,392 sales this represents 5.2% of all local sales. In 2011, thus far, we’ve had 471 homes sell through May 31. Of these 26 have been bank sales, or 5.6%. Compared to other pockets of the nation, we’re doing alright.
While there are some good deals to be had on these properties, they are not giving away the bank. Sure, there was one listing that started off at $1,600,000 and sold for $600,000 in the end… but only when they lowered the price to $699,000 (this one became a short sale in the middle of construction, and was offered originally as a new property when the seller ran into trouble… it kind of skews the numbers when you dig down to the real story). And, some sales escalated well over the asking price (one listing in Chevy Chase listed for $1,075,000 and sold for $1,300,000). Same as Read the rest of this entry »
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