Original Source: Bethesda 20814- Market Report November 2010
In November of 2010 there were 15 homes that closed within the month for 20814 Bethesda, Maryland. This was an decrease of 19 units, as there were 34 homes that closed in November of 2009.
The average list price for homes that closed in November 2009 was $588,168. The average list price for homes that closed in November 2010 was $815,835.
The average sale price for the homes that closed in November 2009 was $552,563. The average sale price for the homes that closed in November 2010 was $734,000.
The average Days on Market for homes that closed in November 2009 was 57 days. The average Days on Market for homes that closed in November 2010 was 59 days.
25 homes went under contract in 20814 Bethesda in the month of November 2010. The average list price of homes that went under contract was $687,336. The average Days on Market for these 20814 Bethesda homes was 69 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?
Not a whole lot of activity in November. Only 15 homes settled during the month. Prices were up substantially from October, when the average sale was $504,076 (there were a lot of smaller condo sales dragging the average down). Absorption rates in 20814 are low (signaling more of a seller's market). Activity will continue to slow as we approach the new year. With less competition, it's actually a great time to list or buy your new home for those serious about making a move.
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