Bethesda 20816: DECEMBER MARKET UPDATE 2009

By
Real Estate Agent with Frankly Real Estate, Inc

A little bit late... but here is the market analysis for 20816:

Bethesda, 20816 -Single Family Homes 

Much like the rest of Montgomery County, inventory remained extremely low in December in Bethesda 20816 with a total of 9 new listings (four of which still remain active on the market).

8 homes went under contract in December in Bethesda 20816, while 16 homes settled and 34 listings remain on the market. Only four more units came on the market this December as compared to 2008 but with that small difference there was a noticeable change in over volume sold (up 56.97%).  Now as exciting as it is to see such a jump in overall volume sold - keep in mind that in our market all it takes is one really expensive home to throw these numbers off.

Sellers - why wait until the Spring of 2010 to sell when every one is selling? Stand out from the crowd and sell your house now while the inventory remains low and your competition is limited.

Below is a break down of the activity separated by 4 different ranges in price.

Real Estate Activity in Bethesda, MD 20816:

Active

Homes for sale under $500,000 = 1

Homes for sale from $500,001 to $800,000 = 8

Homes for sale from $800,001 to $1,500,000 = 17

Homes for sale from $1,500,001 and up = 8

Under Contract

Homes Under contract with a list price under $500,000 = 0

Homes Under contract from $500,001 to $800,000 = 4                      6002 Madawaska, Bethesda, MD

Homes Under contract from $800,001 to $1,500,000 = 3

Homes Under contract from $1,500,001 and up = 1

Sold

Settled Homes list price under 500,000 = 0

Settled Homes list price from $500,001 to $800,000 = 3

Settled Homes list price from $800,001 to $1,500,000 = 10

Settled Homes list price from $1,500,001 and up = 3

 

Email me at cara@lnf.com for a FREE monthly email market update for your specific property.

See what's available now in 20816 by clicking here.

Posted by

picture of Cara Cara Pearlman ~ Long and Foster Real Estate, Inc ~ Licensed in MD, DC & VA

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Location:
Maryland Montgomery County Bethesda
Groups:
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Tags:
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20816

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Ambassador
840,292
Charlie Ragonesi
AllMountainRealty.com - Big Canoe, GA
Homes - Big Canoe, Jasper, North Georgia Pros

Thanks for the post. I like reading about other markets. I think you are all nfor a whole bunch of snow today so stay safe

Feb 05, 2010 06:38 AM #1
Rainer
44,690
Cara Pearlman
Frankly Real Estate, Inc - Bethesda, MD
Realtor - ABR, SFR

It has been snowing since 10 or 11 this morning but is just starting to stick!! We expect some where between 16 and 30 inches. I have a feeling I will get a lot of writing done...

Feb 05, 2010 06:44 AM #2
Rainmaker
558,068
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Cara...thanks for the breakdown for Bethesda...it's good to get an eagle's eye view about other areas in the US...Cherise

Feb 05, 2010 07:54 AM #3
Rainer
44,690
Cara Pearlman
Frankly Real Estate, Inc - Bethesda, MD
Realtor - ABR, SFR

Thanks Cherise for stopping by! I agree it is interesting to see what is going on in other markets. 

Feb 06, 2010 02:14 AM #4
Rainer
44,690
Cara Pearlman
Frankly Real Estate, Inc - Bethesda, MD
Realtor - ABR, SFR

Thanks Cherise for stopping by! I agree it is interesting to see what is going on in other markets. 

Feb 06, 2010 02:14 AM #5
Rainmaker
2,191,220
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

Wow, Cara, you enjoy a pretty nice upper-end market in Bethesda. Even without a lot of activity, those price points are high. Much of the activity in my neighborhoods is below $400,000.

Feb 06, 2010 07:30 AM #6
Rainmaker
194,166
Lewis Beynon
CENTURY 21 Triangle Group - Raleigh, NC
Triangle Real Estate 411

Great stats Cara.....I've found that very few people in my COI "unsubscribe" when I send market stats.  Who doesn't want to know what's going on with their largest investment????  Best wishes from Clifton Park NY!!!

Feb 07, 2010 12:13 AM #7
Rainer
44,690
Cara Pearlman
Frankly Real Estate, Inc - Bethesda, MD
Realtor - ABR, SFR

Elizabeth - I cover a large territory (which includes lower priced properties) but we highlight and market to the Bethesda/Chevy Chase, Kensington and Potomac area. Cost of living certainly isn't cheap any where around the Nation's Capitol!

Lewis - I agree - any one that is online reading about real estate typically is looking for market stats. 

Thanks for stopping by!

Feb 07, 2010 01:12 PM #8
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Rainer
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Cara Pearlman

Realtor - ABR, SFR
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