Original Source: Bethesda 20817 & 20818 MD Market Report 3Q 2011
In July, August & September of 2011 there were 129 homes that closed within the 3rd Quarter for 20817 and 20818 Bethesda, Maryland. This was an increase of 9 units, as there were 120 homes that closed in 3Q 2010.
The average original list price for homes that closed in 3Q 2010 was $1,086,383
The average original list price for homes that closed in 3Q 2011 was $914,997
The average list price at time of sale for homes that closed in 3Q 2010 was $1,055,197
The average list price at time of sale for homes that closed in 3Q 2011 was $879,300
The average sale price for the homes that closed in 3Q 2010 was $1,011,072
The average sale price for the homes that closed in 3Q 2011 was
$873,958
The average Days on Market for homes that closed in 3Q 2010 was 40 days.
The average Days on Market for homes that closed in 3Q 2011 was 71 days.
So, what does all of this mean?
While 20816 had an increase in prices, poor 20187/8 suffered a setback. It would appear that there were fewer "high end" homes offered during this segment of time. In 2010 there were 7 listings that sold for more than $2 million. In 2011 there were 2 properties above the $2 million mark. Days on market certainly improved in 2011. And while in 2010 there was one short sale and 1 foreclosure sale, in 2011 we had 5 short sales. 20817 & 20818 Bethesda- it's a bit of a mixed bag.
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