BETHESDA HOMES are very popular in Montgomery County, MD.  People buy homes in Bethesda because of the proximity to Washington, D.C., for the very highly ranked public schools, location of several METRO Stations and out of this world shopping. 

Understanding the market for Bethesda real estate is critical to getting the best price for your home of choice.  The table below is a report of homes in Bethesda that SOLD between December 1, 2007 through January 20, 2008.  Listed by List Price but also showing the original prices, SOLD Price, seller subsidy and the Days on the Market for the properties.  Published SOLD statistics do not always report Original Price or Seller Subsidy.  These numbers are important when determining the NET for comparable homes in an area.

    List Price Original Price SOLD Price  Subsidy   DOMP 
$525,000 $549,000 $495,000 $12,500 92 
$649,000 $679,000 $670,000 $3,000 102 
$650,000 $700,000 $640,000 $20,000 41 
$659,900 $695,000 $632,000 $300 53 
$665,000 $699,900 $625,000 $1,585 64 
$725,000 $775,000 $665,000 $10,000 97 
$729,000  $720,000 $13,000 17 
$749,995  $715,000 $5,000 12 
$759,000 $779,000 $750,000 $5,000 77 
$769,000  $769,000 $3,660 6 
$775,000  $760,000 $7,500 10 
$795,000 $825,000 $778,000 $6,500 50 
$799,000 $829,000 $775,000 $25,000 161 
$819,000  $795,000 $15,000 22 
$825,000  $825,000 $20,000 16 
$1,299,900 $1,359,900 $1,245,000 $1,000 209 
$1,450,000  $1,400,000 $2,500 77  
      
      

       UNDERSTANDING THE BETHESDA REAL ESTATE MARKET       

HOMES IN BETHESDA

    Bethesda real estate

   BETHESDA HOME VALUE ABOUT $750,000                          BETHESDA HOME VALUE ABOUT $1,300,000

                                                Average Price for homes in Bethesda is $1,579,000.                         Map Bethesda MD                 
BETHESDA DEMOGRAPHICS
FINANCIAL PROFILE

Median Income $144,405
Average Income Families
W/Children $187,422
Cost of Living Index 114.55% of US Average
Population 56,287
Land Area 13.1 square miles
Population Density 4220 per square mile
Average Age 41.4 years
Married 52.2%
Married W/Children 28.6%
High School Graduates 98.3%
College Graduates 83.4%  
Employment
Professional 49.5%
Managerial 26.2%
Sales 8.1%
Education
Average SAT Scores 1261 (Whitman)
Math - 639
Verbal - 622
College/Advanced 91.0%
Expenditures Per Student $10,726

search listings here
Begin your home search here

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988.

search listings      Lenn's BlogE-Mail Homefinders.comSend Us Your Needs
Map of area showing homes for
sale in Maryland and Virginia
covered by the Homefinders.com
search service.
Click image to search listings 

 

8 Comments on BETHESDA MD REAL ESTATE. UNDERSTANDING PRICES and SUBSIDIES, THE NEGOTIATION PERSPECTIVE

Lenn, Bethesda sounds fantastic. I've never been there in person just thru blogs and images.  The atmotsphere is just inviting.

01/21/2008 04:26 PM by Chris Elizabeth Griffith ~ Bonita Springs Fl Real Estate (Keller Williams Elite Realty, Bonita Springs, FL)


I will repeat myself and say your posts are so wonderful.  You are able to say and give so much.  I really appreciate you and your posts.  Sounds like a great place to be.

01/21/2008 04:28 PM by Pat Baker Real Estate Expert Needham, MA (Coldwell Banker Residential Brokerage )


Great breakdown.  lenn, Is there a correlation of higher LP/SP to newer home, finished basement or upgrades?   It would really give credence to a buyers market where the buyers are hand picking the winners.  A friend of mine did an extensive study and found most of the sales with higher LP/SP ratio was 4 Beds as opposed to 3 Beds in single family homes in a particular market.

01/21/2008 04:43 PM by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Greater Atlanta)


Chris.  Bethesda is a unique community.  Most of the homes were built in the 50s but since then it's developed into an area of luxury homes, high ranked public schools and with Metro, very interesting and WORLD CLASS SHOPPING.

Pat.  Thank you so much.  I lived in Bethesda for some years before I built my present home in Lovettsville.  I love Bethesda.  That little Cape Code above was once mine.  That photo is after we remodeled it. 

01/21/2008 04:46 PM by Lenn Harley, Homefinders.com, MD & VA Real Estate


Jim.  EVERYONE wants a 4 bedroom home.  3 BR homes are hard to sell. 

What I did for the resales above can't be done with new construction because the ones on the MLS are only representative.  IF they builder enters a comp, it reflects only the final price and not the base price.  I just wouldn't believe it would be relevant. 

I could do it for inventories, but they rarely report subsidies. 

01/21/2008 04:49 PM by Lenn Harley, Homefinders.com, MD & VA Real Estate


Lenn thanks! New have always been like that with extras, concessions and upgrades rolled together into an indistinguishable number.

01/21/2008 06:50 PM by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Greater Atlanta)


It's no longer the Bethesda where I grew up, that's for sure!

01/21/2008 06:58 PM by Margaret Woda, Maryland REALTOR (RE/MAX VISION)


Margaret.  I've seen a lot of changes in Bethesda over the years, but the neighborhoods are largely the same. 

01/21/2008 07:33 PM by Lenn Harley, Homefinders.com, MD & VA Real Estate


Leave a response…

Name:
Notify me of new comments:
Comment:
What does the graphic say?
 
Real Estate Brokerage: Lenn Harley, Homefinders.com, MD & VA Real Estate
Lenn Harley
Rockville, MD
More about me…
Lenn Harley, Homefinders.com, MD & VA Real Estate

Office Phone: (800) 711-7988
Email Me

Links

Tags (Tag Cloud)

Archives

RSS 2.0 Feed for this blog
ATOM 1.0 Feed for this blog

Find MD real estate agents and Rockville real estate here on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2007 ActiveRain Corp. All Rights Reserved