Bethesda Real Estate >> Bethesda Real Estate Specialist

Getting a good deal

Bethesda Real Estate Sales ~ Josette Skilling (Long & Foster Real Estate, Inc.) — Fri, 13 Nov 2009 10:14:54 -0600

It's what we all want. Right? But if you end up with nothing was there ever a possibility of such a good deal?

Not a rhetorical question but a real life situation that happened recently. I had a very lovely home I listed that was priced perfectly for the market timing and was in superb condition. Not surprisingly it attracted a lot of attention and then multiple offers from buyers. I held this home open for many hours and talked with most every buyer who presented an offer on this house so I got very familiar with their needs and how they might eventually use the home.

One family in particular caught my attention. While most other serious buyers had excellent buyer agents this family comprised of a lawyer, his wife and three children had no buyer's agent. They did have a fairly high need of new housing since they were in more cramped quarters currently. They were in the house a number of times, measuring to see if furniture would fit and in general falling in love with a house. Kinda what happens!

After only a few days on market I received the first of an eventual 6 offers on the property. Duly notified all agents that offers were being registered and that we'd review on the following Sunday when sellers were in town. The lawyer with no agent decided to write a contract himself with a real estate attorney helping to get the forms correctly done.

All offers were reviewed on Sunday but the lawyer had not submitted yet - said he'd have something the next day. When he did submit he was fully aware that his offer was the 6^th received. He told me the price was "of course, showing a reduction of the buyer's agent commission since he was doing this himself."

So now let's figure out where he went wrong...

The net on the offer the seller's accepted was still better than anything his provided. So with an excellent buyer's agent, the eventual buyers of this home were able to provide to the seller an acceptable net profit and the assurance that the buyers' needs would be satisfied professionally. And most of all they got an assurance that their sale would have a greater possibility of closing on time than with someone who had no understanding of the process.
The contract was actually poorly prepared. Blanks were not filled out correctly and worst of all it was missing the wife's signature, who was a participant in the sale.
He offered less earnest money deposit than any of the other offers yet he made the most salary. This doesn't give a warm and fuzzy feeling to the seller who is looking to take their house off the market and take a leap of faith that this buyer will get to settlement.
He had a home sale contingency. And not just any but he had rewritten the clause to make it impossible for any other offer to kick out his. So for however long it took him to sell his home (on his own of course to again save money) my sellers were to be held hostage. Kiss.of.death.

This buyer asked how his offer had fallen short. I found it particularly scary that he posed that question to me. Really? How could he not understand in a hot market that you can't put in a home sale contingency, especially one as deadly as what he proposed? How could he not understand that the offer of compensation between the seller and the listing agent had nothing to do with his offer to purchase? How could he not understand the lack of engagement with a very low earnest money deposit? How could he not understand the basics of contract law enough to get this done correctly?

If he had never asked how his offer had fallen short I would simply have placed this offer in the "not so serious category" and thought nothing further of it. There's plenty of action in the market with folks floating trial offers to see if they can get anywhere. But he thought this had a chance. Therefore, his wife and those kids thought it had a chance and that is the real shame. They have no idea that for the want of "getting a deal" they don't have a home.

He wouldn't have understood any of the questions I posed above because he really didn't understand what he was doing.

I advised him to get a professional buyer's agent.

Do You Want to Negotiate or Buy a House?

Bethesda Real Estate Sales ~ Josette Skilling (Long & Foster Real Estate, Inc.) — Sat, 26 Jan 2008 11:42:20 -0600

(BETHESDA REAL ESTATE)

Some folks are just great negotiators. That's a good thing, right? We all want to get the best deal possible and feel like we won. Depending on the circumstances, you can negotiate yourself right out of a home with this strategy though. I know. I've been through it often enough lately...

Here's how the conversation goes:

Client: I am going to want to really negotiate for this and get the best deal.

Me: That's great. What area are you looking in and what kind of price range?

Client: I'd like something in new construction in Cabin John for under $950K

Me: You realize there are about 10 sales per year in that location and much of those are for new construction well over $1M? There is not that much property that fits your specific needs. This particular home is not likely to come up again anytime soon and it's under priced right now.

Client: But this is a depressed market and I want to get the very best deal possible. If we can offer $750K do you think they'll take it?

Me: :(

I wish I were making this up. The folks lost this house to another buyer who listened and made the right offer. Those buyers are now living in a beautiful newly constructed home that was a screamin' deal!

The national press would have everyone believe that all homes are in foreclosure, all sellers are desperate and you'll pay pennies on the dollar for a house. Now, I grant you that there are many opportunities for good buys out there. I've gotten them for my clients - even when I was shocked the seller would take the deal - but the reality is that when buyers start to narrowly define their wants they can find that there is really not that much inventory from which to choose.

As soon as that happens the shift in strategy needs to be taking place from wanna deal to wanna house! The goal is a home, not a contract writing exercise. If there are fifty properties that suit your needs, let's write! But if there is one home, you have more at stake and should be working towards a winning strategy not just trying to prove that you're a better negotiator.

He who has the house wins. Not the one who writes the most contracts...

Bethesda Real Estate >> Westmoreland Hills Market Statistics, December 2007

Bethesda Real Estate Sales ~ Josette Skilling (Long & Foster Real Estate, Inc.) — Wed, 16 Jan 2008 10:37:06 -0600

Bethesda MD Real Estate >> Single Family Homes Sold Through December 2007 - Montgomery County, 20816

Status	Close Date	Original Price	Price at Sale	Sold Price	Discount	Subsidy	DOM	Address	Subdivision
SOLD	1/31/2007	$1,125,000	$1,095,000	$985,000	88%	$0	75	5131 MASSACHUSETTS AVE	WESTMORELAND HILLS
SOLD	8/29/2007	$1,090,000	$1,090,000	$1,090,000	100%	$0	13	5114 DUVALL DR	WESTMORELAND HILLS
SOLD	3/30/2007	$1,160,000	$1,160,000	$1,115,000	96%	$0	16	4700 JAMESTOWN RD	WESTMORELAND HILLS
SOLD	11/14/2007	$1,195,000	$1,195,000	$1,130,000	95%	$0	20	5103 DUVALL DR	WESTMORELAND HILLS
SOLD	5/29/2007	$1,199,000	$1,150,000	$1,137,000	95%	$0	34	5213 PORTSMOUTH RD	WESTMORELAND HILLS
SOLD	12/17/2007	$1,275,000	$1,275,000	$1,200,000	94%	$0	12	5306 ELLIOTT RD	WESTMORELAND HILLS
SOLD	6/18/2007	$1,075,000	$1,075,000	$1,205,000	112%	$0	5	4504 TOURNAY RD	WESTMORELAND HILLS
SOLD	1/11/2007	$1,200,000	$1,200,000	$1,225,000	102%	$0	0	4412 CHALFONT PL	WESTMORELAND HILLS
SOLD	11/19/2007	$1,495,000	$1,295,000	$1,260,000	84%	$0	25	4303 TORCHLIGHT CIR	WESTMORELAND HILLS
SOLD	11/19/2007	$1,299,995	$1,299,995	$1,275,000	98%	$0	17	5212 FARRINGTON RD	WESTMORELAND HILLS
SOLD	1/4/2007	$1,300,000	$1,300,000	$1,321,000	102%	$0	0	4423 BOXWOOD RD	WESTMORELAND HILLS
SOLD	6/15/2007	$1,375,000	$1,375,000	$1,325,000	96%	$10,000	8	4309 TORCHLIGHT CIR	WESTMORELAND HILLS
SOLD	11/12/2007	$1,375,000	$1,375,000	$1,355,000	99%	$0	15	4400 CHALFONT PL	WESTMORELAND HILLS
SOLD	9/13/2007	$1,357,500	$1,357,500	$1,357,500	100%	$0	0	4414 CHALFONT PL	WESTMORELAND HILLS
SOLD	12/18/2007	$1,450,000	$1,450,000	$1,400,000	97%	$2,500	77	4502 BOXWOOD RD	WESTMORELAND HILLS
SOLD	5/2/2007	$1,450,000	$1,450,000	$1,450,000	100%	$0	4	4414 CHALFONT PL	WESTMORELAND HILLS
SOLD	11/9/2007	$1,725,000	$1,725,000	$1,600,000	93%	$2,500	38	5323 CARVEL RD	WESTMORELAND HILLS
SOLD	5/31/2007	$1,749,000	$1,749,000	$1,650,000	94%	$0	15	5300 BOXWOOD CT	WESTMORELAND HILLS
SOLD	4/20/2007	$1,975,000	$1,875,000	$1,775,000	90%	$0	269	5305 BLACKISTONE RD	WESTMORELAND HILLS
SOLD	5/25/2007	$1,995,000	$1,995,000	$1,825,000	91%	$0	140	4521 WETHERILL RD	WESTMORELAND HILLS
SOLD	7/2/2007	$1,995,000	$1,995,000	$1,995,000	100%	$0	7	4708 JAMESTOWN RD	WESTMORELAND HILLS

There are 8 homes for sale in Westmoreland Hills:

A Colonial with 4 beds/3 full baths/ 2 half baths offered at $1.025.000 (reduced from $1,115,000)
A Colonial with 5 beds/3 full baths offered at $1,195,000 (reduced from $1,280,000)
A Colonial with 5 beds/3 full baths/2 half baths offered at $1,199,000 (reduced from $1,299,000)
A traditional style home with 3 beds/3 full baths/2 half baths offered at $1,350.000
A Colonial with 5 beds/4 full baths/ 1 half bath offered at $1,595,000
A Colonial with 5 beds/4 full baths/ 1 half bath offered at $1,645,000
A Colonial with 6 beds/3 full baths/2 half baths offered at $1,799,000 (reduced from $1,850,000)
A Colonial with 5 beds/6 full baths/1 half bath offered at $2,600,000

Two homes are under contract:

A Colonial with 4 beds/3 full baths offered at $1,200,000
A Colonial with 4 beds/4 full baths/ 1 half bath offered at $1,399,000

If you would like to see any of the active listings, just give me a call!

(1/16/08) Information Source: MRIS - Information is deemed reliable but not guaranteed.

For more information about real estate sales in Bethesda, MD 20816 please email me at josette.skilling@longandfoster.com or visit my website at Bethesda Real Estate

All data courtesy of:

Long & Foster Real Estate, Inc.
4733 Bethesda Avenue
Bethesda, MD 20814
301-385-9213 (cell)
240-497-1700 (office)

Disclaimer: The opinions expressed by The Activerain Network and its members and those providing comments are theirs alone, and do not reflect the opinions of Josette Skilling or Long & Foster Real Estate, Inc. Josette Skilling and Long & Foster Real Estate, Inc. are not responsible for the accuracy nor the content provided by the community.

Bethesda Real Estate >> Greenacres Market Statistics, December 2007

Bethesda Real Estate Sales ~ Josette Skilling (Long & Foster Real Estate, Inc.) — Wed, 16 Jan 2008 10:19:38 -0600

Bethesda MD Real Estate >> Single Family Homes Sold Through December 2007 - Montgomery County, 20816

Status	Close Date	Original Price	Price at Sale	Sold Price	Discount	Subsidy	DOM	Address	Subdivision
SOLD	9/28/2007	$599,500	$599,500	$580,000	97%	$0	66	5208 VENTNOR RD	GREENACRES
SOLD	3/28/2007	$610,000	$610,000	$610,000	100%	$0	0	5317 YORKTOWN RD	GREENACRES
SOLD	12/31/2007	$769,000	$769,000	$769,000	100%	$3,660	6	5314 YORKTOWN RD	GREENACRES
SOLD	8/22/2007	$799,000	$799,000	$773,000	97%	$2,000	35	5316 ALLANDALE RD	GREENACRES
SOLD	7/26/2007	$1,098,000	$965,000	$945,000	86%	$10,000	71	4911 REDFORD RD	GREENACRES
SOLD	8/15/2007	$1,375,000	$1,250,000	$1,250,000	91%	$0	33	5004 RIVER RD	GREENACRES
SOLD	6/29/2007	$1,599,000	$1,499,000	$1,475,000	92%	$0	257	5315 YORKTOWN RD	GREENACRES

There is one active listing in Greenacres:

A 3 bed/1 full bath rambler is offered at $549,000, reduced from $599,000.

If you would like to see this home, please give me a call!

(1/16/08) Information Source: MRIS - Information is deemed reliable but not guaranteed.

For more information about real estate sales in Bethesda, MD 20816 please email me at josette.skilling@longandfoster.com or visit my website at Bethesda Real Estate

All data courtesy of:

Long & Foster Real Estate, Inc.
4733 Bethesda Avenue
Bethesda, MD 20814
301-385-9213 (cell)
240-497-1700 (office)

Bethesda Real Estate >> Glen Mar Park Market Statistics, December 2007

Bethesda Real Estate Sales ~ Josette Skilling (Long & Foster Real Estate, Inc.) — Wed, 16 Jan 2008 10:16:13 -0600

Bethesda MD Real Estate >> Single Family Homes Sold Through December 2007 - Montgomery County, 20816

Status	Close Date	Original Price	Price at Sale	Sold Price	Discount	Subsidy	DOM	Address	Subdivision
SOLD	1/5/2007	$650,000	$650,000	$625,000	96%	$0	5	5220 NAHANT ST	GLEN MAR PARK
SOLD	6/6/2007	$689,000	$669,000	$669,000	97%	$1,750	42	5219 BELVOIR DR	GLEN MAR PARK
SOLD	10/17/2007	$679,000	$679,000	$669,000	99%	$1,000	7	5214 BELVOIR DR	GLEN MAR PARK
SOLD	12/28/2007	$729,500	$699,500	$700,000	96%	$0	24	5902 NAMAKAGAN RD	GLEN MAR PARK
SOLD	3/15/2007	$749,900	$749,900	$699,000	93%	$5,000	114	5900 CARLTON LN	GLEN MAR PARK
SOLD	2/28/2007	$849,000	$799,000	$789,000	93%	$3,500	68	5804 AUGUSTA LN	GLEN MAR PARK
SOLD	6/15/2007	$749,000	$749,000	$790,000	105%	$2,500	7	5912 CARLTON LN	GLEN MAR PARK
SOLD	3/1/2007	$864,900	$864,900	$873,000	101%	$500	3	5205 AUGUSTA ST	GLEN MAR PARK
SOLD	3/7/2007	$850,000	$850,000	$873,000	103%	$1,790	4	5307 AUGUSTA ST	GLEN MAR PARK
SOLD	7/24/2007	$905,000	$905,000	$905,000	100%	$0	0	5720 NAMAKAGAN RD	GLEN MAR PARK
SOLD	2/16/2007	$1,599,000	$1,299,000	$1,250,000	78%	$25,000	420	5115 LAWTON DR	GLEN MAR PARK
SOLD	11/15/2007	$1,739,500	$1,739,500	$1,685,000	97%	$0	20	5905 CARLTON LN	GLEN MAR PARK
SOLD	4/27/2007	$1,795,000	$1,795,000	$1,700,000	95%	$0	291	5908 CARLTON LN	GLEN MAR PARK
SOLD	5/31/2007	$1,825,000	$1,769,500	$1,750,000	96%	$0	130	5218 BELVOIR DR	GLEN MAR PARK
SOLD	11/2/2007	$1,850,000	$1,795,000	$1,775,000	96%	$0	50	5220 NAHANT ST	GLEN MAR PARK

There are two active listings in Glen Mar Park:

A Colonial with 5 beds/3 full baths/1 half offered at $859,999 (reduced from $989,000!). It's an interesting layout but at the new price it's very much worth looking at!
A rebuilt Colonial with 7 beds/4 full baths/1 half offered at $1,695,000 and reduced from $1,845,000.

If you'd like to see either of these properties, just give me a call!

(1/16/08) Information Source: MRIS - Information is deemed reliable but not guaranteed.

For more information about real estate sales in Bethesda, MD 20816 please email me at josette.skilling@longandfoster.com or visit my website at Bethesda Real Estate

All data courtesy of:

Long & Foster Real Estate, Inc.
4733 Bethesda Avenue
Bethesda, MD 20814
301-385-9213 (cell)
240-497-1700 (office)

Bethesda Real Estate >> Fairway Hills Market Statistics, December 2007

Bethesda Real Estate Sales ~ Josette Skilling (Long & Foster Real Estate, Inc.) — Wed, 16 Jan 2008 10:07:34 -0600

Bethesda MD Real Estate >> Single Family Homes Sold Through December 2007 - Montgomery County, 20816

Status	Close Date	Original Price	Price at Sale	Sold Price	Discount	Subsidy	DOM	Address	Subdivision
SOLD	12/14/2007	$625,000	$625,000	$625,000	100%	$0	16	6200 CRATHIE LN	FAIRWAY HILLS
SOLD	12/19/2007	$749,000	$699,000	$699,000	93%	$0	22	6210 VORLICH LN	FAIRWAY HILLS
SOLD	4/20/2007	$799,900	$799,900	$780,000	98%	$0	33	6204 DUNROBBIN DR	FAIRWAY HILLS
SOLD	3/7/2007	$789,000	$789,000	$784,500	99%	$0	5	6206 VORLICH LN	FAIRWAY HILLS
SOLD	8/8/2007	$785,000	$785,000	$785,000	100%	$0	9	6205 VORLICH LN	FAIRWAY HILLS
SOLD	6/13/2007	$799,000	$799,000	$799,000	100%	$0	158	6206 DUNROBBIN DR	FAIRWAY HILLS

There are no active listings or under contracts at this time.

(1/16/08) Information Source: MRIS - Information is deemed reliable but not guaranteed.

For more information about real estate sales in Bethesda, MD 20816 please email me at josette.skilling@longandfoster.com or visit my website at Bethesda Real Estate

All data courtesy of:

Long & Foster Real Estate, Inc.
4733 Bethesda Avenue
Bethesda, MD 20814
301-385-9213 (cell)
240-497-1700 (office)

Montgomery County Real Estate >> Active Listings vs Sales Graph

Bethesda Real Estate Sales ~ Josette Skilling (Long & Foster Real Estate, Inc.) — Tue, 15 Jan 2008 17:10:44 -0600

Montgomery County MD Trends - Listings vs Sales Analysis

The story seems to be same: inventory is up and sales are down! This is a good visual that shows just how wide the margin is. I am trying to get the historical data for listings in Montgomery County out of our MLS system so I can show the difference between the seller's market years and today. You can already see the convergence at the 2005 end where there was far less disparity between what was available vs what was selling. The numbers this chart represents are:

2007 Listings = 64,744
2006 Listings = 52,605
Up 23%

2007 Sales = 9924
2006 Sales - 12,233
Down 19%

The listings are distributed in Montgomery County according to the following chart:

Zip Code	City	# of Active	Average List Price
20906	Silver Spring	490	$325,824
20874	Germantown	404	$376,319
20886	Gaithersburg	267	$297,537
20878	Gaithersburg	251	$487,139
20904	Silver Spring	206	$464,683
20902	Silver Spring	205	$411,215
20877	Gaithersburg	197	$358,211
20854	Potomac	190	$1,784,008
20879	Gaithersburg	185	$386,263
20876	Germantown	184	$399,671
20850	Rockville	176	$569,656
20852	Rockville	154	$471,932
20901	Silver Spring	146	$443,012
20817	Bethesda	136	$1,329,584
20853	Rockville	129	$472,834
20814	Bethesda	108	$945,816
20871	Clarksburg	108	$591,497
20905	Silver Spring	94	$650,762
20912	Takoma Park	92	$395,672
20866	Burtonsville	91	$388,922
20815	Chevy Chase	89	$1,145,925
20832	Olney	85	$492,288
20910	Silver Spring	85	$480,468
20882	Gaithersburg	82	$733,681
20895	Kensington	82	$646,279
20872	Damascus	75	$536,185
20851	Rockville	61	$405,324
20903	Silver Spring	59	$423,966
20855	Derwood	49	$603,190
20816	Bethesda	41	$1,447,434
20841	Boyds	37	$703,716
20833	Brookville	33	$896,067
20837	Poolesville	33	$891,327
20861	Ashton	14	$935,053
20868	Spencerville	10	$831,935
20860	Sandy Spring	8	$1,044,463
20818	Cabin John	6	$1,153,250
20842	Dickerson	6	$1,253,950
20896	Garrett Park	4	$1,029,100
20707	Laurel	3	$689,900
20838	Barnesville	3	$1,133,367
20862	Brinklow	2	$999,995
20880	Washington Grove	2	$586,250
21771	Mt. Airy	2	$627,000
20783	Adelphi	1	$499,900
20839	Beallsville	1	$700,100

(1/15/08) Information Source: MRIS - Information is deemed reliable but not guaranteed.

For more information about real estate sales in Bethesda, MD 20816 please email me at josette.skilling@longandfoster.com or visit my website at Bethesda Real Estate Josette Skilling
Long & Foster Real Estate, Inc.
4733 Bethesda Avenue
Bethesda, MD 20814
301-385-9213 (cell)
240-497-1700 (office)

Disclaimer: The opinions expressed by The Activerain Network and its members and those providing comments are theirs alone, and do not reflect the opinions of Josette Skilling or Long & Foster Real Estate, Inc. Josette Skilling and Long & Foster Real Estate, Inc. are not responsible for the accuracy nor the content provided by the community.

Bethesda Real Estate - November 2007 - Solds in Bethesda zip code 20816

Bethesda Real Estate Sales ~ Josette Skilling (Long & Foster Real Estate, Inc.) — Thu, 10 Jan 2008 11:41:21 -0600

(BETHESDA REAL ESTATE)

Single Family Homes Sold in November 2007 - Bethesda, MD (Montgomery County) 20816

Status	Close Date	Original Price	Price at Sale	Sold Price	Discount	Subsidy	DOM	Address	Subdivision
SOLD	11/14/2007	$495,000	$495,000	$495,000	100%	$0	7	4849 CRESCENT ST	CRESTVIEW
SOLD	11/30/2007	$629,000	$629,000	$629,000	100%	$0	7	4001 61ST ST	BROOKMONT
SOLD	11/8/2007	$750,000	$750,000	$728,000	97%	$14,000	39	6209 MASSACHUSETTS AVE	WOODACRES
SOLD	11/14/2007	$1,195,000	$1,195,000	$1,130,000	95%	$0	20	5103 DUVALL DR	WESTMORELAND HILLS
SOLD	11/19/2007	$1,495,000	$1,295,000	$1,260,000	84%	$0	25	4303 TORCHLIGHT CIR	WESTMORELAND HILLS
SOLD	11/19/2007	$1,299,995	$1,299,995	$1,275,000	98%	$0	17	5212 FARRINGTON RD	WESTMORELAND HILLS
SOLD	11/12/2007	$1,375,000	$1,375,000	$1,355,000	99%	$0	15	4400 CHALFONT PL	WESTMORELAND HILLS
SOLD	11/9/2007	$1,725,000	$1,725,000	$1,600,000	93%	$2,500	38	5323 CARVEL RD	WESTMORELAND HILLS
SOLD	11/15/2007	$1,739,500	$1,739,500	$1,685,000	97%	$0	20	5905 CARLTON LN	GLEN MAR PARK
SOLD	11/15/2007	$1,798,500	$1,729,500	$1,692,310	94%	$0	96	5517 POLLARD RD	SPRINGFIELD
SOLD	11/2/2007	$1,850,000	$1,795,000	$1,775,000	96%	$0	50	5220 NAHANT ST	GLEN MAR PARK
SOLD	11/30/2007	$2,295,000	$2,295,000	$2,219,096	97%	$0	172	4102 MARYLAND AVE	BROOKMONT

The last four houses on the list are all rebuilt homes and that upper bracket is helping to drive the median and average price up to the highest median price change we've seen all year. The low sale of $495,00 is one of two this year at that price range - cute little, and I mean little, ramblers with one or two bedrooms. But for someone who likes the area and its proxmity to downtown Friendship Heights, it's better than a condo! The lot is very small at 4000 sq ft or so so it's unlikely a very large home will go up there but it's well below what a home costs in this zip code and has some room to get a bit bigger.

Note the discount column... On average the sellers were getting close to their price except for Torchlight, which sold for very close to its price at the time of sale. They were lucky to overcome that and still sell in a relatively short 25 days, a testament to the lure of Westmoreland Hills. Had it been somewhere else they might have languished for months with that kind of pricing error.

Overall days on market are not too bad with an average of 42 and many homes selling in under a month. While less inventory is being moved, what is there seems to be holding its own.

(12/10/07) Information Source: MRIS - Information is deemed reliable but not guaranteed.

Bethesda Real Estate - December 2007 - Solds in Bethesda zip code 20816

Bethesda Real Estate Sales ~ Josette Skilling (Long & Foster Real Estate, Inc.) — Thu, 10 Jan 2008 10:50:03 -0600

(BETHESDA REAL ESTATE)

Single Family Homes Sold in December 2007 - Bethesda, MD (Montgomery County) 20816

Status	Close Date	Original Price	Price at Sale	Sold Price	Discount	Subsidy	DOM	Address	Subdivision
SOLD	12/14/2007	$625,000	$625,000	$625,000	100%	$0	16	6200 CRATHIE LN	FAIRWAY HILLS
SOLD	12/19/2007	$749,000	$699,000	$699,000	93%	$0	22	6210 VORLICH LN	FAIRWAY HILLS
SOLD	12/28/2007	$729,500	$699,500	$700,000	96%	$0	24	5902 NAMAKAGAN RD	GLEN MAR PARK
SOLD	12/31/2007	$769,000	$769,000	$769,000	100%	$3,660	6	5314 YORKTOWN RD	GREENACRES
SOLD	12/17/2007	$1,275,000	$1,275,000	$1,200,000	94%	$0	12	5306 ELLIOTT RD	WESTMORELAND HILLS
SOLD	12/18/2007	$1,450,000	$1,450,000	$1,400,000	97%	$2,500	77	4502 BOXWOOD RD	WESTMORELAND HILLS

What Does it Mean?

The neighborhoods covered by this report are:

Fairway Hills
Glen Mar Park
Westmoreland Hills

Maybe they all took Christmas off this year?? Last month I wondered if the price increase would be maintained over December and it looks like it didn't... Almost every number is down including days on market which are cut in half from last year. If you notice, though, they are getting more as a % of their sales price this year as compared to last year. With the exception of Boxwood, everything sold relatively quickly (the average in the county for the month was 118 DOM). Sales volume and units sold were down about 40% from this time last year throughout the county, so Bethesda trended a bit worse than the average there.

Luckily the trend for the 4th quarter still shows a median and average price increases, albeit fewer sales and less sales volume:

There are currently 36 active listings ranging in price from $549,000 to $6,750,000.
There are 7 homes under contract which are slated to close between now and the end of February.

(1/10/08) Information Source: MRIS - Information is deemed reliable but not guaranteed.

For more information about real estate sales in Bethesda, MD 20816 please email me at josette.skilling@longandfoster.com or visit my website at Bethesda Real Estate
Josette Skilling
Long & Foster Real Estate, Inc.
4733 Bethesda Avenue
Bethesda, MD 20814
301-385-9213 (cell)
240-497-1700 (office)

Disclaimer: The opinions expressed by The Activerain Network and its members and those providing comments are theirs alone, and do not reflect the opinions of Josette Skilling or Long & Foster Real Estate, Inc. Josette Skilling and Long & Foster Real Estate, Inc. are not responsible for the accuracy nor the content provided by the community.

Montgomery County Real Estate News >> Foreclosures in Montgomery County

Bethesda Real Estate Sales ~ Josette Skilling (Long & Foster Real Estate, Inc.) — Wed, 02 Jan 2008 19:53:37 -0600

(MONTGOMERY COUNTY REAL ESTATE) Foreclosures continue to be a hot topic in our region, though in Montgomery County we are still not so deeply affected as those states where economic decline or rampant speculation took place. Of the 4451 active homes for sale in Montgomery County, 406 of them have some distress words attached to their listing: foreclosure, short sale, REO, bank owned, or third party approval needed. About 11%.

In late October when I ran this data last, I didn't use the term third party approval in my original data so the numbers reported were a bit lower. The actual was 5000 homes for sale and 498 homes for sale with some sort of distress terms in the listing. About 10%.

Since the beginning of October 2007 there have been 86 sales and 65 homes have gone under contract. They were on the market for 148 days on average and ended up with only 88% of their asking price (lower than the county average for "healthier" real estate).
The average price of these homes for sale is in the lower range of the market at $358,826 and they've already discounted to about 93% of their original asking price.
Those that sold averaged $324,956, which was 88% of their original asking price. So with the above info, it looks like the current inventory might have another 5% or so reduction before it's priced to sell.

What does this mean?

To a current seller first and foremost it means reduce the prices! By a lot. It means getting below the highest sale or pending sale by enough of a margin to be in the game. As more of the foreclosures come on it continues to push price down even for well presented properties because buyers wait to engage out of fear or because they know the prices will go lower and lower. It means constant vigilance on price and condition if you truly want to sell your property. If there are clusters of foreclosures, more sales will need to occur to increase confidence back in the neighborhood and prices will have to be in line with the economic needs of that demographic.
To a future seller it means fully understanding how any foreclosures or distressed sales play into the pricing of your real estate before you bring it on the market. If your agent has this much information on your area,listen to it! If you don't have the same motivation some of the distressed property owners have, it's perhaps a wise choice to rent for the next few years.
To a buyer it means you better do your homework and understand what this means to your future investment in the property. If you are planning to live in the community understand the market and demographic factors at play. If you are buying as an investment and plan to rent it, will the rents sustain your investment and are there enough renters to cover your costs? A bargain can very quickly turn into a dud unless you've done a complete analysis of the property. You don't want to be the next seller in this cycle just looking to get out the property at any price because the alligator is eating you alive. Make sure your agent knows how to give you this depth of information.
To the investor: are therebargains? Sure, for the savvy investor. What do you intend to do with the property? Rent it? If so, the next analysis will be on the rental incomes the area has been supporting (and expect that those who are being displaced in this round will need housing afterwards) as well as the types of housing this average home sale price will bring. There are many townhouses and condos in Germantown, Gaithersburg and Silver Spring in this list. As with last month's report, many of the foreclosures are clustered into certain zip codes as the chart above shows. The demographics of the neighborhoods will need to be studied to ensure there will be a stable rental base that can afford the price as well as enough amenities as to draw renters in the first place. Germantown in particular already has a fairly high number of rental apartment complexes.

There are many factors to consider before making an investment purchase. I can help you get the rest of the story...

Data current as of 1/3/2008 Source MRIS deemed reliable but not guaranteed.

For more information about real estate sales in Bethesda, MD 20816 please email me at josette.skilling@longandfoster.com or visit my website at Bethesda Real Estate.

Josette Skilling
Long & Foster Real Estate, Inc.
4733 Bethesda Avenue
Bethesda, MD 20814
301-385-9213 (cell)
240-497-1700 (office)

By George, I Think I've Got It - Page One Google That Is!

Bethesda Real Estate Sales ~ Josette Skilling (Long & Foster Real Estate, Inc.) — Tue, 18 Dec 2007 22:11:38 -0600

Google Page 7 to Google Page 1

I have learned so much here in a short time but it took a post by Karen George on changing your title pages for it to really sink in. My website, in its template blandness, had languished in the hinterlands of Google but by going in and changing my title pages exactly as she suggested my ranking went up to page one right away.

So, what did I do? Changed it again to another related term. And got booted right back to page 5. So I changed the titles again and waited, and waited, and waited for Google to index my site again and there I am. Right back in position 11!

This is the coolest.

Now I'm deep back in the techno geek land I thought I'd left behind with my hi tech career and I'm loving it! Tools, analytics, code, problems. Oh, yeah. That was why I left hi tech..... the problems. Ah, but the rewards when it works are sweet.

Now that it's definable and repeatable I can understand how to implement other keywords and start changing and adding content. And by the looks of it to beat out some other sites, more content, and more content, and more content....

Here's a big thank you to Karen!

Bethesda Real Estate >> Wood Acres Market Statistics, December 2007

Bethesda Real Estate Sales ~ Josette Skilling (Long & Foster Real Estate, Inc.) — Mon, 17 Dec 2007 09:34:39 -0600

Bethesda MD Real Estate >> Single Family Homes Sold Through December 2007 - Montgomery County, 20816

*Status*	*Close Date*	*Original Price*	*Price at Sale*	*Sold Price*	*Discount*	*Subsidy*	*DOM*	*Address*	*Subdivision*
SOLD	11/8/2007	$750,000	$750,000	$728,000	97%	$14,000	39	6209 MASSACHUSETTS AVE	WOODACRES
SOLD	1/12/2007	$799,900	$799,900	$785,000	98%	$10,000	44	5903 CRANSTON RD	WOODACRES
SOLD	5/11/2007	$799,000	$799,000	$790,000	99%	$0	0	6105 RAMSGATE RD	WOODACRES
SOLD	8/16/2007	$819,000	$819,000	$809,000	99%	$0	2	6002 MILO DR	WOODACRES
SOLD	1/26/2007	$860,000	$860,000	$849,000	99%	$0	34	5901 GLOSTER RD	WOODACRES
SOLD	6/18/2007	$875,000	$875,000	$880,000	101%	$0	2	6303 NEWBURN DR	WOODACRES
SOLD	8/31/2007	$949,900	$949,900	$955,000	101%	$0	5	6005 COBALT RD	WOODACRES
SOLD	8/6/2007	$989,000	$989,000	$995,000	101%	$0	1	5905 CRANSTON RD	WOODACRES
SOLD	3/21/2007	$1,010,000	$1,010,000	$1,010,000	100%	$0	0	5903 RAMSGATE RD	WOODACRES
SOLD	7/16/2007	$1,039,000	$1,039,000	$1,086,150	105%	$0	4	6103 GLOSTER RD	WOODACRES
SOLD	3/15/2007	$1,195,000	$1,195,000	$1,201,000	101%	$5,850	3	6318 NEWBURN DR	WOODACRES

(1/16/08) Information Source: MRIS - Information is deemed reliable but not guaranteed.

For more information about real estate sales in Bethesda, MD 20816 please email me at josette.skilling@longandfoster.com or visit my website at Bethesda Real Estate

All data courtesy of:

Long & Foster Real Estate, Inc.
4733 Bethesda Avenue
Bethesda, MD 20814
301-385-9213 (cell)
240-497-1700 (office)

Bethesda Real Estate >> Westwood Market Statistics, December 2007

Bethesda Real Estate Sales ~ Josette Skilling (Long & Foster Real Estate, Inc.) — Mon, 17 Dec 2007 09:33:50 -0600

Bethesda MD Real Estate >> Single Family Homes Sold Through December 2007 - Montgomery County, 20816

*Status*	*Close Date*	*Original Price*	*Price at Sale*	*Sold Price*	*Discount*	*Subsidy*	*DOM*	*Address*	*Subdivision*
SOLD	5/11/2007	$1,295,000	$1,295,000	$1,225,000	95%	$0	17	5217 RIDGEFIELD RD	WESTWOOD
SOLD	3/30/2007	$1,780,000	$1,595,000	$1,544,000	87%	$0	134	5405 KIRKWOOD DR	WESTWOOD
SOLD	5/4/2007	$2,350,000	$2,350,000	$2,350,000	100%	$0	0	5503 ALBIA RD	WESTWOOD

(1/16/08) Information Source: MRIS - Information is deemed reliable but not guaranteed.

For more information about real estate sales in Bethesda, MD 20816 please email me at josette.skilling@longandfoster.com or visit my website at Bethesda Real Estate

All data courtesy of:

Long & Foster Real Estate, Inc.
4733 Bethesda Avenue
Bethesda, MD 20814
301-385-9213 (cell)
240-497-1700 (office)

Bethesda Real Estate >> Westhaven Market Statistics, December

Bethesda Real Estate Sales ~ Josette Skilling (Long & Foster Real Estate, Inc.) — Mon, 17 Dec 2007 09:32:48 -0600

Bethesda MD Real Estate >> Single Family Homes Sold Through December 2007 - Montgomery County, 20816

*Status*	*Close Date*	*Original Price*	*Price at Sale*	*Sold Price*	*Discount*	*Subsidy*	*DOM*	*Address*	*Subdivision*
SOLD	5/1/2007	$849,900	$849,900	$837,500	99%	$0	271	5331 MASSACHUSETTS AVE	WESTHAVEN
SOLD	9/17/2007	$985,000	$985,000	$1,106,000	112%	$0	9	5303 WRILEY RD	WESTHAVEN

(1/16/08) Information Source: MRIS - Information is deemed reliable but not guaranteed.

For more information about real estate sales in Bethesda, MD 20816 please email me at josette.skilling@longandfoster.com or visit my website at Bethesda Real Estate

All data courtesy of:

Long & Foster Real Estate, Inc.
4733 Bethesda Avenue
Bethesda, MD 20814
301-385-9213 (cell)
240-497-1700 (office)

Bethesda Real Estate >> Westmoreland Hills Market Statistics, November

Bethesda Real Estate Sales ~ Josette Skilling (Long & Foster Real Estate, Inc.) — Mon, 17 Dec 2007 09:32:08 -0600

Bethesda MD Real Estate >> Single Family Homes Sold Through November 2007 - Montgomery County, 20816

*Status*	*Close Date*	*Original Price*	*Price at Sale*	*Sold Price*	*Discount*	*Subsidy*	*DOM*	*Address*	*Subdivision*
SOLD	1/31/2007	$1,125,000	$1,095,000	$985,000	88%	$0	75	5131 MASSACHUSETTS AVE	WESTMORELAND HILLS
SOLD	8/29/2007	$1,090,000	$1,090,000	$1,090,000	100%	$0	13	5114 DUVALL DR	WESTMORELAND HILLS
SOLD	3/30/2007	$1,160,000	$1,160,000	$1,115,000	96%	$0	16	4700 JAMESTOWN RD	WESTMORELAND HILLS
SOLD	11/14/2007	$1,195,000	$1,195,000	$1,130,000	95%	$0	20	5103 DUVALL DR	WESTMORELAND HILLS
SOLD	5/29/2007	$1,199,000	$1,150,000	$1,137,000	95%	$0	34	5213 PORTSMOUTH RD	WESTMORELAND HILLS
SOLD	6/18/2007	$1,075,000	$1,075,000	$1,205,000	112%	$0	5	4504 TOURNAY RD	WESTMORELAND HILLS
SOLD	1/11/2007	$1,200,000	$1,200,000	$1,225,000	102%	$0	0	4412 CHALFONT PL	WESTMORELAND HILLS
SOLD	11/19/2007	$1,495,000	$1,295,000	$1,260,000	84%	$0	25	4303 TORCHLIGHT CIR	WESTMORELAND HILLS
SOLD	11/19/2007	$1,299,995	$1,299,995	$1,275,000	98%	$0	17	5212 FARRINGTON RD	WESTMORELAND HILLS
SOLD	1/4/2007	$1,300,000	$1,300,000	$1,321,000	102%	$0	0	4423 BOXWOOD RD	WESTMORELAND HILLS
SOLD	6/15/2007	$1,375,000	$1,375,000	$1,325,000	96%	$10,000	8	4309 TORCHLIGHT CIR	WESTMORELAND HILLS
SOLD	11/12/2007	$1,375,000	$1,375,000	$1,355,000	99%	$0	15	4400 CHALFONT PL	WESTMORELAND HILLS
SOLD	9/13/2007	$1,357,500	$1,357,500	$1,357,500	100%	$0	0	4414 CHALFONT PL	WESTMORELAND HILLS
SOLD	5/2/2007	$1,450,000	$1,450,000	$1,450,000	100%	$0	4	4414 CHALFONT PL	WESTMORELAND HILLS
SOLD	11/9/2007	$1,725,000	$1,725,000	$1,600,000	93%	$2,500	38	5323 CARVEL RD	WESTMORELAND HILLS
SOLD	5/31/2007	$1,749,000	$1,749,000	$1,650,000	94%	$0	15	5300 BOXWOOD CT	WESTMORELAND HILLS
SOLD	4/20/2007	$1,975,000	$1,875,000	$1,775,000	90%	$0	269	5305 BLACKISTONE RD	WESTMORELAND HILLS
SOLD	5/25/2007	$1,995,000	$1,995,000	$1,825,000	91%	$0	140	4521 WETHERILL RD	WESTMORELAND HILLS
SOLD	7/2/2007	$1,995,000	$1,995,000	$1,995,000	100%	$0	7	4708 JAMESTOWN RD	WESTMORELAND HILLS

There are six active listings in Westmoreland Hills:

a 4 bedroom, 3 full, 2 half bath Colonial that backs up to the park. Offered at $1,075,000. On the market 74 days.
a 3 bedroom, 2 full, 1 half bath Colonial on a pretty corner lot with lots of outdoor space. Offered at $1,095,000. On the market 30 days.
a beautiful 4 bedroom, 3 bath Colonial. Offered at $1,195,000. On the market 53 days.
a 5 bedroom, 3 full bath, 2 1/2 bath Colonial. Offered at $1,299,000. On the market 225 days.
a 5 bedroom, 4 full bath, 1 1/2 bath remodeled home. Offered at $1,595,000. On the market 252 days.
a 6 bedroom, 3 full bath, 2 1/2 bath Colonial. Offered at $1,850,000. On the market 12 days.

There are 5 homes under contract:

Offered at $1,200,000. On the market 23 days
Offered at $1,275,000. On the market 12 days
Offered at $1,399,000. On the market 22 days
Offered at $1,450,000. On the market 77 days
Offered at $1,865,000. On the market 18 days

If you would like to see the active listings, please let me know.

(12/12/07) Information Source: MRIS - Information is deemed reliable but not guaranteed.

For more information about real estate sales in Bethesda, MD 20816 please email me at josette.skilling@longandfoster.com or visit my website at Bethesda Real Estate

All data courtesy of:

Long & Foster Real Estate, Inc.
4733 Bethesda Avenue
Bethesda, MD 20814
301-385-9213 (cell)
240-497-1700 (office)

Bethesda MD Real Estate >> Westhaven Market Statistics, December 2007

Bethesda Real Estate Sales ~ Josette Skilling (Long & Foster Real Estate, Inc.) — Mon, 17 Dec 2007 09:31:20 -0600

Bethesda MD Real Estate >> Single Family Homes Sold Through December 2007 - Montgomery County, 20816

*Status*	*Close Date*	*Original Price*	*Price at Sale*	*Sold Price*	*Discount*	*Subsidy*	*DOM*	*Address*	*Subdivision*
SOLD	5/1/2007	$849,900	$849,900	$837,500	99%	$0	271	5331 MASSACHUSETTS AVE	WESTHAVEN
SOLD	9/17/2007	$985,000	$985,000	$1,106,000	112%	$0	9	5303 WRILEY RD	WESTHAVEN

(1/16/08) Information Source: MRIS - Information is deemed reliable but not guaranteed.

For more information about real estate sales in Bethesda, MD 20816 please email me at josette.skilling@longandfoster.com or visit my website at Bethesda Real Estate

All data courtesy of:

Long & Foster Real Estate, Inc.
4733 Bethesda Avenue
Bethesda, MD 20814
301-385-9213 (cell)
240-497-1700 (office)

Bethesda MD Real Estate >> Fort Sumner Market Statistics, December 2007

Bethesda Real Estate Sales ~ Josette Skilling (Long & Foster Real Estate, Inc.) — Sun, 16 Dec 2007 07:27:22 -0600

Bethesda MD Real Estate >> Single Family Homes Sold Through December 2007 - Montgomery County, 20816

*Status*	*Close Date*	*Original Price*	*Price at Sale*	*Sold Price*	*Discount*	*Subsidy*	*DOM*	*Address*	*Subdivision*
SOLD	3/16/2007	$657,000	$599,000	$545,000	83%	$0	140	4912 FLINT DR	WESTGATE
SOLD	10/30/2007	$898,000	$699,000	$685,000	76%	$0	155	5002 GLEN COVE PKWY	WESTGATE
SOLD	8/13/2007	$789,000	$739,000	$735,000	93%	$0	60	4914 JAMESTOWN RD	WESTGATE
SOLD	5/31/2007	$750,000	$750,000	$753,000	100%	$0	8	5108 BALTIMORE AVE	WESTGATE
SOLD	5/11/2007	$839,000	$839,000	$839,000	100%	$0	5	4904 EARLSTON DR	WESTGATE
SOLD	8/31/2007	$849,900	$849,900	$845,000	99%	$0	9	5145 MASSACHUSETTS AVE	WESTGATE
SOLD	4/16/2007	$789,000	$789,000	$850,000	108%	$0	6	5105 ALLAN RD	WESTGATE
SOLD	5/8/2007	$829,000	$829,000	$850,000	103%	$0	7	5107 BALTIMORE AVE	WESTGATE
SOLD	5/23/2007	$895,000	$895,000	$896,000	100%	$0	6	5025 NEWPORT AVE	WESTGATE
SOLD	6/15/2007	$975,000	$949,900	$949,000	97%	$0	45	5024 ALLAN RD	WESTGATE
SOLD	4/30/2007	$949,000	$949,000	$950,000	100%	$0	4	5311 MASSACHUSETTS AVE	WESTGATE
SOLD	3/9/2007	$1,185,000	$1,125,000	$1,100,000	93%	$0	162	5202 WORTHINGTON DR	WESTGATE
SOLD	7/27/2007	$1,398,000	$1,398,000	$1,400,000	100%	$0	5	4824 EARLSTON DR	WESTGATE

(1/16/08) Information Source: MRIS - Information is deemed reliable but not guaranteed.

For more information about real estate sales in Bethesda, MD 20816 please email me at josette.skilling@longandfoster.com or visit my website at Bethesda Real Estate

All data courtesy of:

Long & Foster Real Estate, Inc.
4733 Bethesda Avenue
Bethesda, MD 20814
301-385-9213 (cell)
240-497-1700 (office)

Bethesda MD Real Estate >> Tulip Hill Market Statistics, December 2007

Bethesda Real Estate Sales ~ Josette Skilling (Long & Foster Real Estate, Inc.) — Sun, 16 Dec 2007 07:26:39 -0600

Bethesda MD Real Estate >> Single Family Homes Sold Through December 2007 - Montgomery County, 20816

*Status*	*Close Date*	*Original Price*	*Price at Sale*	*Sold Price*	*Discount*	*Subsidy*	*DOM*	*Address*	*Subdivision*
SOLD	6/19/2007	$1,200,000	$1,200,000	$1,210,000	101%	$0	3	6809 TULIP HILL TER	TULIP HILL

(1/16/08) Information Source: MRIS - Information is deemed reliable but not guaranteed.

For more information about real estate sales in Bethesda, MD 20816 please email me at josette.skilling@longandfoster.com or visit my website at Bethesda Real Estate

All data courtesy of:

Long & Foster Real Estate, Inc.
4733 Bethesda Avenue
Bethesda, MD 20814
301-385-9213 (cell)
240-497-1700 (office)

Bethesda MD Real Estate >> Sumner Market Statistics, December 2007

Bethesda Real Estate Sales ~ Josette Skilling (Long & Foster Real Estate, Inc.) — Sun, 16 Dec 2007 07:25:53 -0600

Bethesda MD Real Estate >> Single Family Homes Sold Through December 2007 - Montgomery County, 20816

Status Close Date Original Price Price at Sale Sold Price Discount Subsidy DOM Address Subdivision
SOLD 5/24/2007 $729,000 $729,000 $739,000 101% $0 3 5114 NAHANT ST SUMNER
SOLD 8/31/2007 $849,000 $849,000 $839,500 99% $0 4 5144 WESTPATH WAY SUMNER
SOLD 6/25/2007 $869,500 $869,500 $880,000 101% $0 9 5103 SANGAMORE RD SUMNER
SOLD 6/27/2007 $899,000 $899,000 $890,000 99% $0 9 5807 OVERLEA RD SUMNER
SOLD 10/26/2007 $1,050,000 $979,000 $900,000 86% $0 120 5008 ROCKMERE CT SUMNER
SOLD 4/25/2007 $935,000 $935,000 $935,000 100% $0 4 5008 NAHANT ST SUMNER
SOLD 5/10/2007 $1,185,000 $1,090,000 $1,050,000 89% $22,000 127 4416 SANGAMORE RD SUMNER
SOLD 7/30/2007 $1,195,000 $1,195,000 $1,195,000 100% $0 5 4916 BROOKEWAY DR SUMNER
SOLD 9/14/2007 $1,175,000 $1,175,000 $1,205,000 103% $0 4 5108 BALTAN RD SUMNER
SOLD 3/9/2007 $1,195,000 $1,195,000 $1,225,000 103% $0 4 5603 WOOD WAY SUMNER
SOLD 8/31/2007 $1,395,000 $1,335,000 $1,275,000 91% $0 63 5021 BALTAN RD SUMNER
SOLD 4/30/2007 $1,475,000 $1,475,000 $1,410,000 96% $0 211 4800 SCARSDALE RD SUMNER

(1/16/08) Information Source: MRIS - Information is deemed reliable but not guaranteed.

For more information about real estate sales in Bethesda, MD 20816 please email me at josette.skilling@longandfoster.com or visit my website at Bethesda Real Estate

All data courtesy of:

Long & Foster Real Estate, Inc.
4733 Bethesda Avenue
Bethesda, MD 20814
301-385-9213 (cell)
240-497-1700 (office)

Bethesda MD Real Estate >> Springfield Market Statistics, December 2007

Bethesda Real Estate Sales ~ Josette Skilling (Long & Foster Real Estate, Inc.) — Sun, 16 Dec 2007 07:25:08 -0600

Bethesda MD Real Estate >> Single Family Homes Sold Through December 2007 - Montgomery County, 20816

*Status*	*Close Date*	*Original Price*	*Price at Sale*	*Sold Price*	*Discount*	*Subsidy*	*DOM*	*Address*	*Subdivision*
SOLD	5/15/2007	$729,000	$729,000	$766,000	105%	$0	7	5305 CROMWELL DR	SPRINGFIELD
SOLD	7/3/2007	$820,000	$820,000	$820,000	100%	$0	0	5408 KIRKWOOD DRIVE	SPRINGFIELD
SOLD	10/15/2007	$875,000	$875,000	$840,000	96%	$0	0	5508 CROMWELL DR	SPRINGFIELD
SOLD	8/22/2007	$830,000	$830,000	$855,000	103%	$0	3	5608 JORDAN RD	SPRINGFIELD
SOLD	5/31/2007	$889,000	$869,000	$869,000	98%	$0	31	5412 CHRISTY DR	SPRINGFIELD
SOLD	7/15/2007	$879,000	$879,000	$900,000	102%	$0	3	5603 CROMWELL DR	SPRINGFIELD
SOLD	4/30/2007	$925,000	$925,000	$920,000	99%	$0	7	5404 RIDGEFIELD RD	SPRINGFIELD
SOLD	3/7/2007	$939,500	$925,000	$925,000	98%	$0	92	5302 BROOKEWAY DR	SPRINGFIELD
SOLD	6/25/2007	$950,000	$950,000	$950,000	100%	$0	0	5809 WILTSHIRE DR	SPRINGFIELD
SOLD	6/29/2007	$929,000	$929,000	$960,000	103%	$0	0	5505 CHRISTY DR	SPRINGFIELD
SOLD	2/1/2007	$979,000	$979,000	$997,500	102%	$2,500	4	5503 NEWINGTON RD	SPRINGFIELD
SOLD	9/27/2007	$1,095,000	$1,095,000	$1,095,000	100%	$0	0	5705 NEWINGTON ROAD	SPRINGFIELD
SOLD	4/30/2007	$1,100,000	$1,100,000	$1,190,000	108%	$0	5	5507 PARKSTON RD	SPRINGFIELD
SOLD	11/15/2007	$1,798,500	$1,729,500	$1,692,310	94%	$0	96	5517 POLLARD RD	SPRINGFIELD
SOLD	6/18/2007	$2,295,000	$2,295,000	$2,000,000	87%	$0	23	5626 NEWINGTON CT	SPRINGFIELD
SOLD	5/2/2007	$2,350,000	$2,350,000	$2,350,000	100%	$0	10	5401 KIRKWOOD DR	SPRINGFIELD
SOLD	6/21/2007	$2,695,000	$2,695,000	$2,400,000	89%	$0	17	5606 PARKSTON RD	SPRINGFIELD

(1/16/08) Information Source: MRIS - Information is deemed reliable but not guaranteed.

For more information about real estate sales in Bethesda, MD 20816 please email me at josette.skilling@longandfoster.com or visit my website at Bethesda Real Estate

All data courtesy of:

Long & Foster Real Estate, Inc.
4733 Bethesda Avenue
Bethesda, MD 20814
301-385-9213 (cell)
240-497-1700 (office)

Bethesda MD Real Estate >> Mass Avenue Hills Market Statistics, December 2007

Bethesda Real Estate Sales ~ Josette Skilling (Long & Foster Real Estate, Inc.) — Sun, 16 Dec 2007 07:24:17 -0600

Bethesda MD Real Estate >> Single Family Homes Sold Through December 2007 - Montgomery County, 20816

*Status*	*Close Date*	*Original Price*	*Price at Sale*	*Sold Price*	*Discount*	*Subsidy*	*DOM*	*Address*	*Subdivision*
SOLD	6/21/2007	$1,242,000	$1,242,000	$1,150,000	93%	$0	35	5103 BROOKEWAY DR	MASS AVE HILLS
SOLD	1/12/2007	$1,830,000	$1,793,000	$1,695,000	93%	$0	66	5616 NAMAKAGAN RD	MASS AVE HILLS
SOLD	1/26/2007	$1,780,000	$1,780,000	$1,700,000	96%	$0	61	5615 NAMAKAGAN RD	MASS AVE HILLS

(1/16/08) Information Source: MRIS - Information is deemed reliable but not guaranteed.

For more information about real estate sales in Bethesda, MD 20816 please email me at josette.skilling@longandfoster.com or visit my website at Bethesda Real Estate

All data courtesy of:

Long & Foster Real Estate, Inc.
4733 Bethesda Avenue
Bethesda, MD 20814
301-385-9213 (cell)
240-497-1700 (office)

Bethesda Real Estate >> High Point Market Statistics, December 2007

Bethesda Real Estate Sales ~ Josette Skilling (Long & Foster Real Estate, Inc.) — Thu, 13 Dec 2007 10:36:13 -0600

Bethesda Real Estate >> Single Family Homes Sold Through December 2007 - Montgomery County, 20816

*Status*	*Close Date*	*Original Price*	*Price at Sale*	*Sold Price*	*Discount*	*Subsidy*	*DOM*	*Address*	*Subdivision*
SOLD	1/27/2007	$669,500	$669,500	$649,000	97%	$0	18	5910 ONONDAGA RD	HIGH POINT
SOLD	3/29/2007	$925,000	$925,000	$925,000	100%	$0	1	5811 OSCEOLA RD	HIGH POINT
SOLD	10/2/2007	$2,350,000	$1,895,000	$1,800,000	77%	$0	321	5911 ONONDAGA RD	HIGH POINT

(1/16/08) Information Source: MRIS - Information is deemed reliable but not guaranteed.

For more information about real estate sales in Bethesda, MD 20816 please email me at josette.skilling@longandfoster.com or visit my website at Bethesda Real Estate

All data courtesy of:

Long & Foster Real Estate, Inc.
4733 Bethesda Avenue
Bethesda, MD 20814
301-385-9213 (cell)
240-497-1700 (office)

Bethesda Real Estate >> Greenacres Market Statistics, November

Bethesda Real Estate Sales ~ Josette Skilling (Long & Foster Real Estate, Inc.) — Thu, 13 Dec 2007 10:35:19 -0600

Bethesda Real Estate >> Single Family Homes Sold Through November 2007 - Montgomery County, 20816

*Status*	*Close Date*	*Original Price*	*Price at Sale*	*Sold Price*	*Discount*	*Subsidy*	*DOM*	*Address*	*Subdivision*
SOLD	9/28/2007	$599,500	$599,500	$580,000	97%	$0	66	5208 VENTNOR RD	GREENACRES
SOLD	3/28/2007	$610,000	$610,000	$610,000	100%	$0	0	5317 YORKTOWN RD	GREENACRES
SOLD	8/22/2007	$799,000	$799,000	$773,000	97%	$2,000	35	5316 ALLANDALE RD	GREENACRES
SOLD	7/26/2007	$1,098,000	$965,000	$945,000	86%	$10,000	71	4911 REDFORD RD	GREENACRES
SOLD	8/15/2007	$1,375,000	$1,250,000	$1,250,000	91%	$0	33	5004 RIVER RD	GREENACRES
SOLD	6/29/2007	$1,599,000	$1,499,000	$1,475,000	92%	$0	257	5315 YORKTOWN RD	GREENACRES

There is currently one active listing in Greenacres:

a 3 bedroom, one fully bath house offered at a reduced price of $549,000. On the market 81 days.

There is currently one home under contract:

Offered at $769,000 and on the market for 7 days.

If you would like to see the active property, please let me know.

(12/12/07) Information Source: MRIS - Information is deemed reliable but not guaranteed.

For more information about real estate sales in Bethesda, MD 20816 please email me at josette.skilling@longandfoster.com or visit my website at Bethesda Real Estate

All data courtesy of:

Long & Foster Real Estate, Inc.
4733 Bethesda Avenue
Bethesda, MD 20814
301-385-9213 (cell)
240-497-1700 (office)

Bethesda Real Estate >> Glen Mar Park Market Statistics, November

Bethesda Real Estate Sales ~ Josette Skilling (Long & Foster Real Estate, Inc.) — Thu, 13 Dec 2007 10:33:53 -0600

Bethesda Real Estate >> Single Family Homes Sold Through November 2007 - Montgomery County, 20816

*Status*	*Close Date*	*Original Price*	*Price at Sale*	*Sold Price*	*Discount*	*Subsidy*	*DOM*	*Address*	*Subdivision*
SOLD	1/5/2007	$650,000	$650,000	$625,000	96%	$0	5	5220 NAHANT ST	GLEN MAR PARK
SOLD	6/6/2007	$689,000	$669,000	$669,000	97%	$1,750	42	5219 BELVOIR DR	GLEN MAR PARK
SOLD	10/17/2007	$679,000	$679,000	$669,000	99%	$1,000	7	5214 BELVOIR DR	GLEN MAR PARK
SOLD	3/15/2007	$749,900	$749,900	$699,000	93%	$5,000	114	5900 CARLTON LN	GLEN MAR PARK
SOLD	2/28/2007	$849,000	$799,000	$789,000	93%	$3,500	68	5804 AUGUSTA LN	GLEN MAR PARK
SOLD	6/15/2007	$749,000	$749,000	$790,000	105%	$2,500	7	5912 CARLTON LN	GLEN MAR PARK
SOLD	3/1/2007	$864,900	$864,900	$873,000	101%	$500	3	5205 AUGUSTA ST	GLEN MAR PARK
SOLD	3/7/2007	$850,000	$850,000	$873,000	103%	$1,790	4	5307 AUGUSTA ST	GLEN MAR PARK
SOLD	7/24/2007	$905,000	$905,000	$905,000	100%	$0	0	5720 NAMAKAGAN RD	GLEN MAR PARK
SOLD	2/16/2007	$1,599,000	$1,299,000	$1,250,000	78%	$25,000	420	5115 LAWTON DR	GLEN MAR PARK
SOLD	11/15/2007	$1,739,500	$1,739,500	$1,685,000	97%	$0	20	5905 CARLTON LN	GLEN MAR PARK
SOLD	4/27/2007	$1,795,000	$1,795,000	$1,700,000	95%	$0	291	5908 CARLTON LN	GLEN MAR PARK
SOLD	5/31/2007	$1,825,000	$1,769,500	$1,750,000	96%	$0	130	5218 BELVOIR DR	GLEN MAR PARK
SOLD	11/2/2007	$1,850,000	$1,795,000	$1,775,000	96%	$0	50	5220 NAHANT ST	GLEN MAR PARK

There are three active homes in Glen Mar Park:

A 5 bedroom, 3 full bath, one 1/2 bath colonial offered at $989,000. It's been on the market 7 days.
A completely rebuilt 5 bedroom, 4 full bath, one 1/2 bath Colonial on a quiet street. Offered at $1,695,000. On the market 83 days.
Another completely rebuilt 7 bedroom, 4 full bath, one 1/2 bath on a cul-de-sac. Great financing offered. Offered at $1,695,000. On the market 212 days.

There are two homes under contract:

A 3 bedroom, 2 full bath Colonial originally offered at $729,500 and reduced to $699,500. This home was on the market for 24 days and is due to close December 28.

If you would like to see the active listings, please call me.

(12/12/07) Information Source: MRIS - Information is deemed reliable but not guaranteed.

For more information about real estate sales in Bethesda, MD 20816 please email me at josette.skilling@longandfoster.com or visit my website at Bethesda Real Estate

All data courtesy of:

Long & Foster Real Estate, Inc.
4733 Bethesda Avenue
Bethesda, MD 20814
301-385-9213 (cell)
240-497-1700 (office)

Bethesda Real Estate >> Glen Echo Heights Market Statistics, December 2007

Bethesda Real Estate Sales ~ Josette Skilling (Long & Foster Real Estate, Inc.) — Thu, 13 Dec 2007 10:32:54 -0600

Bethesda Real Estate >> Single Family Homes Sold Through December 2007 - Montgomery County, 20816

*Status*	*Close Date*	*Original Price*	*Price at Sale*	*Sold Price*	*Discount*	*Subsidy*	*DOM*	*Address*	*Subdivision*
SOLD	2/2/2007	$724,900	$679,000	$670,000	92%	$0	131	6006 MASSACHUSETTS AVE	GLEN ECHO HEIGHTS
SOLD	4/27/2007	$799,000	$799,000	$761,000	95%	$0	241	6107 WISCASSET RD	GLEN ECHO HEIGHTS
SOLD	5/7/2007	$689,000	$689,000	$785,000	114%	$0	10	6306 MASSACHUSETTS AVE	GLEN ECHO HEIGHTS
SOLD	9/14/2007	$795,000	$795,000	$790,000	99%	$0	26	6212 WALHONDING RD	GLEN ECHO HEIGHTS
SOLD	8/27/2007	$829,900	$829,900	$799,950	96%	$0	23	6015 MASSACHUSETTS AVE	GLEN ECHO HEIGHTS
SOLD	6/15/2007	$799,000	$799,000	$800,000	100%	$1,500	5	5707 MOHICAN PL	GLEN ECHO HEIGHTS
SOLD	8/29/2007	$872,500	$872,500	$862,500	99%	$0	13	5229 WYOMING RD	GLEN ECHO HEIGHTS
SOLD	8/31/2007	$873,000	$869,000	$869,000	100%	$0	115	5305 WANETA RD	GLEN ECHO HEIGHTS
SOLD	3/14/2007	$975,000	$925,000	$872,000	89%	$0	77	6310 WALHONDING RD	GLEN ECHO HEIGHTS
SOLD	2/16/2007	$1,150,000	$1,150,000	$1,125,000	98%	$0	157	5122 WAUKESHA RD	GLEN ECHO HEIGHTS
SOLD	1/31/2007	$1,175,000	$1,175,000	$1,150,000	98%	$0	4	5702 MOHICAN RD	GLEN ECHO HEIGHTS
SOLD	6/15/2007	$1,199,000	$1,199,000	$1,199,000	100%	$0	27	5215 WISSIOMING RD	GLEN ECHO HEIGHTS
SOLD	8/10/2007	$1,590,000	$1,495,000	$1,400,000	88%	$10,000	65	6316 WISCASSET RD	GLEN ECHO HEIGHTS
SOLD	3/30/2007	$1,795,000	$1,649,900	$1,622,696	90%	$0	242	6309 WISCASSET RD	GLEN ECHO HEIGHTS
SOLD	10/29/2007	$1,975,000	$1,975,000	$1,800,000	91%	$0	495	6105 WALHONDING RD	GLEN ECHO HEIGHTS
SOLD	7/27/2007	$2,195,000	$2,095,000	$1,995,000	91%	$0	306	6432 WISCASSET RD	GLEN ECHO HEIGHTS
SOLD	9/27/2007	$2,595,000	$2,475,000	$2,375,000	92%	$25,000	101	5113 WAPAKONETA RD	GLEN ECHO HEIGHTS

(1/16/08) Information Source: MRIS - Information is deemed reliable but not guaranteed.

For more information about real estate sales in Bethesda, MD 20816 please email me at josette.skilling@longandfoster.com or visit my website at Bethesda Real Estate

All data courtesy of:

Long & Foster Real Estate, Inc.
4733 Bethesda Avenue
Bethesda, MD 20814
301-385-9213 (cell)
240-497-1700 (office)