East Bethesda- Homes for Sale 1/7/2011

All the homes in this article are currently for sale within East Bethesda. The top of the list features the newest listings, while the bottom showcases those that have been on the market for quite some time. I’ll be updating this post every Friday, so be sure to check back to see what’s new, what’s gone, & what might be coming (and check out the date up top… if it’s not current, neither is this information!). I’ve lived in East Bethesda for over 15 years. I’ve sold real estate in East Bethesda for over 11 years. I know it like the back of my hand. While all of this information is available to you on the various search engines, I’ve taken the time to inject my opinion on the condition, pricing, and likelihood of each property selling… or not. I hope you’ll give me a call if you have any questions. I have loved living here over the years, and I want to share it with other enthusiastic people!

If you would like to receive a weekly e-mail update about new listings & weekend open houses within East Bethesda, please let me know via the comment section below, or send me an e-mail, and I’ll get it set up.

This week we’ve had two properties withdraw from the market.  Sometimes sellers/agents do this so that they can re-list three months later and look like a new listing again.  It takes 3-months for the clock to “reset” on the MLS.  We’ve also added one new listing to the East Bethesda market, and had one price reduction.

SAM_4671_24620 S. Chelsea, $789,000
This cute Cape was on the market back in 2005.  Boy, what a difference.  The house has been cleaned up and given a bit of a face lift, and it’s looking pretty good.  The kitchen, while dated, opens up to a good sized, sun-drenched family room which opens to a deck.  While it’s advertised as a 5BR house, two of ’em are a bit funky (one “L” shaped, the other with two entries).  Still, it’s clean, inviting, and will appeal to those who want a close-in home with lots of rooms.  A second bath on the upper level would help.  Days on Market: 0

4713 N. Chelsea Lane, East Bethesda4713 N. Chelsea Lane, $699,000
Wow. I just love this house. Sun drenched, freshly painted cape cod home within walking distance of NIH and metro. 2BR/1FB on second floor, and another 1BR/1FB on the main level. Refinished floors. Fire place. 1-car garage. New patio. Small, updated kitchen. 1st floor addition/family room, but it’s pretty tiny. Very decent and recent  price reduction of $50K. Days on Market: 58

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Bethesda 20816 Market Report- December 2010

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In December of 2010 there were 18 homes that closed within the month for 20816 Bethesda, Maryland. This was a decrease of 2 units, as there were 20 homes that closed in December of 2009.

The average list price for homes that closed in December 2009 was $1,078,470.
The average list price for homes that closed in December 2010 was $847,606.

The average sale price for the homes that closed in December 2009 was $1,008,015.
The average sale price for the homes that closed in December 2010 was Read more

Chevy Chase 20815- Market Report December 2010

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In December of 2010 there were 34 homes that closed within the month for 20815 Chevy Chase, Maryland. This was an increase of 5 units, as there were 29 homes that closed in December of 2009.

The average list price for homes that closed in December of 2009 was $1,046,614.
The average list price for homes that closed in December of 2010 was $916,444.

The average sale price for the homes that closed in December 2009 was $981,810.
The average sale price for the homes that closed in December 2010 was Read more

Bethesda 20814- Market Report December 2010

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In December of 2010 there were 29 homes that closed within the month for 20814 Bethesda, Maryland. This was an decrease of 4 units, as there were 33 homes that closed in December of 2009.

The average list price for homes that closed in December 2009 was $623,405.
The average list price for homes that closed in December 2010 was $754,910.

The average sale price for the homes that closed in December 2009 was $574,670.
The average sale price for the homes that closed in December 2010 was Read more

Bethesda-Chevy Chase Real Estate Stats 2010

bigstock_school_concept_7965354I’m a number cruncher.  And sometimes I get a little impatient with the calendar and how it plays into my blogging schedule.  So, here are some numbers I’ve run for 2010 transactions within Bethesda and Chevy Chase zip codes through December 27, 2010.  Yes, there are 4 more days left in the year, and in those 4 days there will be 15 more sold and settled transactions.  Have no fear.  Come early January these figures will make their way into my monthly reports, but for now, we will have a really good idea of how the year panned out, regardless of the date!

The following table will provide you with some data on Bethesda-Chevy Chase 2010 transactions via zip code:

[tomatoframe width=”500″ height=”550″]https://spreadsheets.google.com/pub?key=0AlDNFnBZWli0dFdyVzFJRU9Yc3cyRVV6aWZoRDNkOWc&hl=en&output=html[/tomatoframe]

Some random thoughts on the data provided:

The Evers & Co. Real Estate Report for November 2010

bigstock_Real_estate_5915189Despite the fact that dollar volume of sales has been down from last year for 5 consecutive months, the average price has been up for the past 12 months, with November showing a bullish 14.5% increase in average price over last year at this time.

While we are still feeling the impact of the end of the First Time Home Buyer’s Tax Credit, and this generally accounts for the current decrease in dollar volume of sales, the market appears to be divided into two different segments: the successful part of the market, made up of properties that show well and are correctly priced in the $300,000 to $900,000 range, and the still sluggish upper brackets segment of the market. However, we are seeing increasing availability of larger loans at good rates, and this will be the most important single factor in helping to improve that part of the market in coming months.

* Statistics are taken from the Metropolitan Regional Information System for three areas: Washington, D.C., Montgomery County, Maryland; and Fairfax County, Arlington, Alexandria, and Falls Church in Virginia.

AU Park/Tenleytown 20016 Market Report- November 2010

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In November of 2010 there were 18 homes that closed within the month for zip code 20016 in the District of Columbia (AU Park/Tenleytown/ Palisades). This was a decrease of 36 units, as there were 54 homes that closed in November of 2009.

The average list price for homes that closed in November 2009 was $740706.
The average list price for homes that closed in November 2010 was $890,800.

The average sale price for the homes that closed in November 2009 was $688,251.
The average sale price for the homes that closed in November 2010 was Read more

Chevy Chase, DC 20015 Market Report- November 2010

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In November of 2010 there were 19 homes that closed within the month for 20015 Chevy Chase, DC.  There were also 19 homes that closed in November of 2009.

The average list price for homes that closed in November 2009 was $956,968.
The average list price for homes that closed in November 2010 was $818,416.

The average sale price for the homes that closed in November 2009 was $912,584.
The average sale price for the homes that closed in November 2010 was Read more

Bethesda 20817 Market Report- November 2010

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In November of 2010 there were 29 homes that closed within the month for 20817 Bethesda, Maryland. This was a dead heat with 2009, as there were 29 homes that closed in November of that year.

The average list price for homes that closed in November 2009 was $812,255.
The average list price for homes that closed in November 2010 was $1,018,341.

The average sale price for the homes that closed in November 2009 was $779,433.
The average sale price for the homes that closed in November 2010 was Read more

Bethesda 20816 Market Report- November 2010

Market Watch yellow
In November of 2010 there were 19 homes that closed within the month for 20816 Bethesda, Maryland. This was a decrease of 1 units, as there were 20 homes that closed in November of 2009.

The average list price for homes that closed in November 2009 was $882,345.
The average list price for homes that closed in November 2010 was $958,016.

The average sale price for the homes that closed in November 2009 was $834,420.
The average sale price for the homes that closed in November 2010 was Read more