Original Source: Bethesda 20814 Market Report- October 2010
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 $504,076.
The average Days on Market for homes that closed in October 2009 was 76 days. The average Days on Market for homes that closed in October 2010 was 45 days.
25 homes went under contract in 20814 Bethesda in the month of October 2010. The average list price of homes that went under contract was $666,924. The average Days on Market for these 20814 Bethesda homes was 82 days.
January – December 2008 & 2009 Market Statistics for 20814 Bethesda, MD
In 20814 Bethesda, MD for the period of January to December 2008 there were 309 properties sold. In 20814 Bethesda, MD for the period of January to December 2009 there were 351 properties sold.
In 20814 Bethesda, MD for the period of January to December 2008 the average list price was $731,471, the average sales price was $681,128 and the average Days on Market was 81.3 days.
In 20814 Bethesda, MD for the period of January to December 2009 the average list price was $741,281, the average sales price was $679,886and the average Days on Market was 73.6 days.
So, what does all of this mean?
October numbers are down... the lowest I've seen since I started blogging about them in May. Mostly, this can be attributed to a low number of single family detached homes within 20814. More than half the sold listings were apartments or condos. I fully expect the average sales price to rise by at least $100K in November. Absorption rates in 20814 are low (usually meaning it is more of a seller's market), which accounts for the improved "Days on Market". As we approach the holiday season, activity will slow.
September Report
August Report
July Report
June Report
May Report
April Report
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