Bethesda 20814- Market Report November 2010

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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.

AU Park/Tenleytown, DC 20016 Market Report, October 2010

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In October of 2010 there were 33 homes that closed within the month for zip code 20016  in the District of Columbia (AU Park/Tenleytown/ Palisades).  This was an increase of 5 units, as there were 28 homes that closed in October of 2009.

The average list price for homes that closed in October  2009 was $660,718.
The average list price for homes that closed in October 2010 was $1,056,100.

The average sale price for the homes that closed in October 2009 was $622,179.
The average sale price for the homes that closed in October 2010 was Read more

Chevy Chase, DC 20015 Market Report, October 2010

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In October of 2010 there were 23 homes that closed within the month for 20015 Chevy Chase, DC.  This was an increase of 8 units, as there were 15 homes that closed in October of 2009.

The average list price for homes that closed in October 2009 was $834,658.
The average list price for homes that closed in October 2010 was $893,226.

The average sale price for the homes that closed in October 2009 was $778,333.
The average sale price for the homes that closed in October 2010 was Read more

Bethesda 20817 Market Report, October 2010

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In October of 2010 there were 29 homes that closed within the month for 20817 Bethesda, Maryland.  This was a decrease of 2 units, as there were 31 homes that closed in October of 2009.

The average list price for homes that closed in October 2009 was $991,023.
The average list price for homes that closed in October 2010 was $1,074,136.

The average sale price for the homes that closed in October 2009 was $906,036.
The average sale price for the homes that closed in October 2010 was Read more

Bethesda 20816 Market Report, October 2010

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In October of 2010 there were 5 homes that closed within the month for 20816 Bethesda, Maryland.  This was a decrease of  25 units, as there were 30 homes that closed in October of 2009.

The average list price for homes that closed in October 2009 was $844,013.
The average list price for homes that closed in October 2010 was $771,940.

The average sale price for the homes that closed in October 2009 was $792,125.
The average sale price for the homes that closed in October 2010 was Read more

Chevy Chase 20815 Market Report, October 2010

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In October of 2010 there were 24 homes that closed within the month for 20815 Chevy Chase, Maryland.  This was a decrease of 9 units, as there were 33 homes that closed in October of 2009.

The average list price for homes that closed in October of 2009 was $$730,705.
The average list price for homes that closed in October of 2010 was $1,175,125.

The average sale price for the homes that closed in October 2009 was $675,463.
The average sale price for the homes that closed in October 2010 was Read more

Bethesda 20814 Market Report- October 2010

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In October of 2010 there were 26 homes that closed within the month for 20814 Bethesda, Maryland.  This was an decrease of 10 units, as there were 36 homes that closed in September of 2009.

The average list price for homes that closed in October 2009 was $783.249.
The average list price for homes that closed in October 2010 was $525,723.

The average sale price for the homes that closed in October 2009 was $711,997.
The average sale price for the homes that closed in October 2010 was Read more

East Bethesda Homes for Sale 11/5/2010

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 have had 1 sale, and 2 homes reduce their price.

7915 Kentbury Drive, East Bethesda7915 Kentbury Drive, $899,000
Expanded and renovated home with 6BR and 4FB.  This house has a lot of rooms.  None of them are terribly large, but there are a bunch of ’em.  And it looks pretty- handsome paint colors, granite counters, etc.  But cracks in the grout on the first floor bath and gaps in the doorway to the deck make me wonder about attention to detail.  It backs to the proposed Purple Line, which is another potential problem.  Days on Market: 23

SAM_43434400 Chestnut Street, $1,795,000
Lovely house with lots of Texas charm. Pretty front porch, perched up high so you can sit back and watch the world go by. Corner lot. 6 bedrooms and 5.5 baths. 2-car garage. Fenced yard. Radiant heated floors in master bath. Very fancy. Days on Market: 28

4617 Windsor Lane, East Bethesda4608 Harling Lane, $699,000
Pretty little cape cod on a pretty little block, steps from downtown Bethesda. Needs a lot of updating. Has a separate 2-story garage with office space (and a bathroom) on the second level. Large basement.  There’s plenty of potential. Recent $50K price drop.  Days on Market: 38 Read more