Original Source: Chevy Chase 20815 Market Report- November 2010
In November of 2010 there were 37 homes that closed within the month for 20815 Chevy Chase, Maryland. This was a decrease of 4 units, as there were 41 homes that closed in November of 2009.
The average list price for homes that closed in November of 2009 was $$834,018.
The average list price for homes that closed in November of 2010 was $970,122.
The average sale price for the homes that closed in November 2009 was $772,678.
The average sale price for the homes that closed in November 2010 was $900,568.
The average Days on Market for homes that closed in November 2009 was 68 days.
The average Days on Market for homes that closed in November 2010 was 80 days.
22 homes went under contract in 20815 Chevy Chase in the month of November 2010. The average list price of homes that went under contract was $820,312. The average Days on Market for these 20815 Chevy Chase homes was 68 days.
January – December 2008 & 2009 Market Statistics for 20815 Chevy Chase, MD
In 20815 Chevy Chase, MD for the period of January to December 2008 there were 320 properties sold.
In 20815 Chevy Chase, MD for the period of January to December 2009 there were 329 properties sold.
In 20815 Chevy Chase, MD for the period of January to December 2008 the average list price was $1,033,132, the average sales price was $963,838 and the average Days on Market was 66.67 days.
In 20815 Chevy Chase, MD for the period of January to December 2009 the average list price was $980,964, the average sales price was $899,101 and the average Days on Market was 95.02 days.
So, what does all of this mean?
November prices dipped a bit, but there was decent activity (37 transactions). December promises to be slower. No surprises there. 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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