Chevy Chase, DC 20015 Market Report April 2010

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In April of 2010 there were 17 homes that closed within the month for 20015 Chevy Chase, DC.  This was an increase of 3 units, as there were 14 homes that closed in April of 2009. 

The average list price for homes that closed in April of 2009 was $866,896
The average list price for homes that closed in April of 2010 was $847,282

The average sale price for the homes that closed in April 2009 was $837,267
The average sale price for the homes that closed in April 2010 was $830,276

The average Days on Market for homes that closed in April 2009 was 66 days.
The average Days on Market for homes that closed in April 2010 was 32 days.

20 homes went under contract in 20015 Chevy Chase, DC in the month of April 2010.  The average list price of homes that went under contract was $892,100.  The average Days on Market for these 20015 Chevy Chase, DC  homes was 25.3 days.

January – December 2008 & 2009 Market Statistics for 20015 Chevy Chase, DC

In 20015 Chevy Chase, DC for the period of January to December 2008 there were 165 properties sold.
In 20015 Chevy Chase, DC for the period of January to December 2009 there were 184 properties sold.

In 20015 Chevy Chase, DC for the period of January to December 2008 the average list price was $944,780, the average sales price was $902,340 and the average Days on Market was 59.7 days. 

In 20015 Chevy Chase, DC for the period of January to December 2009 the average list price was $890,522, the average sales price was $842,155 and the average Days on Market was 65.1 days.

So, what does all of this mean? 

Homes in 20015 fared surprisingly well over the last few years.  List prices declined by $30K  from April 2009 to 2010.  And actual sales prices were down only $15K.  Yearly averages showed a bit more of a swing, with a difference of $60K between 2008 and 2009 – about a 7% decline – far better than the national average.   Days on market were cut in half for April 2010, down from 66 days in 2009 to 32 in 2010.  Homes under contract fared even better with an average 25.3 days in April 2010.  All in all, Chevy Chase, DC has weathered the storm well, and I fully anticipate that this trend will continue.