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Wyngate, Bethesda Market Update June 19, 2009

By
Industry Observer with Metro Referral 99492

Wyngate, Bethesda is located East of Fernwood Road and North of Greentree.  There are 422 homes in Wyngate.  Some of the homes are Ramblers, some are Cape Cods and some Colonial.  There are contemporary homes, renovated homes and new Colonial homes.

Presently, there are Six homes on the market.  Four are original homes listed from $450,000-$620,000.

Days on market range from 42 day to 424 days.

There are Two new homes: One has Five bedroom Five bath priced at $1,375,000 and one with six bedrooms and Six bath priced at $1,399,900.  Both homes had a price reduction.

Four homes listed from $499,999 to $999,000 are under contract. 

Wyngate's absorption rate dropped to 1 1/2 months from 10 months at the begining of May.

 The absorption rate for all Single Family homes in Bethesda is 3.88 months, as of June 18, 2009.

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