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

Market Watch purple

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

Market Watch orange

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

Market watch light blue
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

Chevy Chase 20815- Market Report November 2010

bccdcrealestate.com

In November of 2010 there were 37 homes that closed within the month for 20815 Chevy Chase, Maryland. This was a decrease of 4 units, as there were 41 homes that closed in November of 2009.

The average list price for homes that closed in November of 2009 was $$834,018.
The average list price for homes that closed in November of 2010 was $970,122.

The average sale price for the homes that closed in November 2009 was $772,678.
The average sale price for the homes that closed in November 2010 was Read more

Bethesda 20814- Market Report November 2010

Market Watch logo

In November of 2010 there were 15 homes that closed within the month for 20814 Bethesda, Maryland. This was an decrease of 19 units, as there were 34 homes that closed in November of 2009.

The average list price for homes that closed in November 2009 was $588,168.
The average list price for homes that closed in November 2010 was $815,835.

The average sale price for the homes that closed in November 2009 was $552,563.
The average sale price for the homes that closed in November 2010 was Read more

East Bethesda Real Estate Report for 2010

East BethesdaIt’s time for my annual number crunching.  How is East Bethesda faring in 2010? Pretty well, in fact. For the first time since 2007 prices are up by 4.6%, a welcome change from the last few years.  As of this writing we have 10 homes for sale – 6 of them priced above $1,000,000, and the other 4 below $750,000.  And so far 38 homes have sold in 2010 through December 1, the same figure as 2009.

Compared to the rest of the nation, those of us in East Bethesda are quite fortunate.  From our all time high average sales price of $933,825 in 2007 we saw a depreciation of 9.5% in 2009, well below the national average. With the modest rebound in 2010, we still find ourselves sitting 5.1% below the high. As an East Bethesda resident myself, I’m quite happy with these figures.  Head outside the beltway, and the news is decidedly more grim. In 20874 Germantown an astonishing 50% of all real estate transactions (through Oct. 28) were bank owned (i.e. foreclosure or short sale). Rockville (20850) fared better with 73 out of 397 transactions involving a bank, or 18.3%. Bank sales do not boost property values, in fact, quite the opposite.  Our local average for bank sales is 4.5% (zips 20814, 20815, 20816, 20817, 20818, 20015 & 20016.  For more information on local bank sales, click here).

Historically low mortgage rates make it an ideal time to buy and sell. I refinanced Read more

The Evers & Co October 2010 Real Estate Report

bigstock_Real_Estate_Offer_1333743The best way to describe the current market in the close-in Washington Metro area is “spotty”. In the convenient, hot neighborhoods, condos and townhouses between 300-$800,000 are selling fast, especially if they are well-priced and show well. As you move out into Montgomery County and Fairfax County, things slow down, especially with properties over $1.5 million, and this price range has been slower to sell all year.

A quick look at sales shows us that while the average dollar volume of sales in the area in down 16% from last October, the average price is up 10.8%. Also, the average “days on the market” is 67.5 days, down 17.8% from last year at this time. The price is up because it lags behind other numbers and is still enjoying the influence from the spring market. Meanwhile, we have seen sales volume decline, starting in July, partly due to the hangover from the spring bubble and partly due to lagging consumer confidence. As for the immediate future, with interest rates so unbelievably low in what is a strong economic marketplace, an uptick in consumer confidence is all that is needed to get the market off and running.

* 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.