Archive for the 'State of the Market' Category
Bethesda 20817 Market Report, July 2010
In July of 2010 there were 41 homes that closed within the month for 20817 Bethesda, Maryland. This was a decrease of 11 units, as there were 52 homes that closed in July of 2009.
The average list price for homes that closed in July of 2009 was $890,610
The average list price for homes that closed in July of 2010 was $1,016,658
The average sale price for the homes that closed in July 2009 was $828,440
The average sale price for the homes that closed in July 2010 was Read the rest of this entry »
Bethesda 20816 Market Report, July 2010
In July of 2010 there were 20 homes that closed within the month for 20816 Bethesda, Maryland. This was a decrease of 1 unit, as there were 21 homes that closed in July of 2009.
The average list price for homes that closed in July of 2009 was $760,476
The average list price for homes that closed in July of 2010 was $898,345
The average sale price for the homes that closed in July 2009 was $703,952
The average sale price for the homes that closed in July 2010 was Read the rest of this entry »
Is July the new August?
August has arrived. And while I’m not complaining about the lack of traffic, the abundance of parking and the ease with which one can waltz into a restaurant unannounced, August is no longer seen as that forbidden territory when it comes to listing houses. We were talking about real estate in the office today, focusing in on the fact that July was not as busy as June or even May. And someone blurted out “July is the new August.” And they are right. DC schools are starting 3 weeks earlier this year (August 23). It seems like more people are clearing out of town in July than in August.
Conventional wisdom used to be that one would never list a house in August. The reasons were many, but mostly because the yards are dry and ugly and the city is empty. That said, inventory has been so low during the past few years that now there isn’t the same stigma associated with August listings. One is no longer viewed as being “desperate.” In fact, why be part of the crowd in September when you can stand out in August? The buyers are still there. I just held a first open house on August 1 where at least 30 groups came by for a look. And they were all salivating over the house (which, unfortunately for them, was already under contract).
So, sellers, take heed. Buyers, too.
And never, ever list your house in December. Heh heh.
Chevy Chase 20815 Market Report, July 2010
In July of 2010 there were 37 homes that closed within the month for 20815 Chevy Chase, Maryland. This was an increase of 3 units, as there were 34 homes that closed in July of 2009.
The average list price for homes that closed in July of 2009 was $$1,085,132
The average list price for homes that closed in July of 2010 was $1,099,754
The average sale price for the homes that closed in July 2009 was $995,705
The average sale price for the homes that closed in July 2010 was Read the rest of this entry »
Bethesda 20814 Market Report, July 2010
In July of 2010 there were 38 homes that closed within the month for 20814 Bethesda, Maryland. This was a decrease of 6 units, as there were 44 homes that closed in July of 2009.
The average list price for homes that closed in July of 2009 was $908,869
The average list price for homes that closed in July of 2010 was $775,4187
The average sale price for the homes that closed in July 2009 was $818,231
The average sale price for the homes that closed in July 2010 was Read the rest of this entry »
AU Park/Tenley, DC 20016 Market Report, June 2010
In June of 2010 there were 43 homes that closed within the month for zip code 20016 in the District of Columbia (AU Park/Tenley/ Palisades). This was an increase of 2 units, as there were 41 homes that closed in June of 2009.
The average list price for homes that closed in June of 2009 was $940,160
The average list price for homes that closed in June of 2010 was $1,080,053
The average sale price for the homes that closed in June 2009 was $830,598
The average sale price for the homes that closed in June 2010 was Read the rest of this entry »
Chevy Chase, DC 20015 Market Report, June 2010
In June of 2010 there were 30 homes that closed within the month for 20015 Chevy Chase, DC. This was a decrease of 4 units, as there were 34 homes that closed in June of 2009.
The average list price for homes that closed in June of 2009 was $894,379
The average list price for homes that closed in June of 2010 was $878,871
The average sale price for the homes that closed in June 2009 was $848,735
The average sale price for the homes that closed in June 2010 was Read the rest of this entry »
Bethesda 20817 Market Report, June 2010
In June of 2010 there were 58 homes that closed within the month for 20817 Bethesda, Maryland. This was a decrease of 11 units, as there were 69 homes that closed in June of 2009.
The average list price for homes that closed in June of 2009 was $914,899
The average list price for homes that closed in June of 2010 was $882,389
The average sale price for the homes that closed in June 2009 was $853,259
The average sale price for the homes that closed in June 2010 was Read the rest of this entry »
Bethesda 20816 Market Report, June 2010
In June of 2010 there were 36 homes that closed within the month for 20816 Bethesda, Maryland. This was an increase of 9 units, as there were 27 homes that closed in May of 2009.
The average list price for homes that closed in June of 2009 was $791,696
The average list price for homes that closed in June of 2010 was $968,956
The average sale price for the homes that closed in June 2009 was $742,900
The average sale price for the homes that closed in June 2010 was Read the rest of this entry »
Chevy Chase 20815 Market Report, June 2010
In June of 2010 there were 59 homes that closed within the month for 20815 Chevy Chase, Maryland. This was an increase of 27 units, as there were 26 homes that closed in May of 2009.
The average list price for homes that closed in June of 2009 was $$1,100,364
The average list price for homes that closed in June of 2010 was $1,090,184
The average sale price for the homes that closed in June 2009 was $989,825 The average sale price for the homes that closed in June 2010 was Read the rest of this entry »
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