20814 Bethesda MD Market Report 3Q 2011

By
Real Estate Agent with Marcie Sandalow, Compass 301.758.4894

Original Source:  Bethesda MD 20814 Market Report 3Q 2011

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In the 3rd Quarter of 2011 there were 97 homes that closed within the months of July, August and September for 20814 Bethesda, Maryland. This was an increase of 4 units, as there were 93 homes that closed in 3Q 2010.

The average original list price for homes that closed in 3Q 2010 was $805,084
The average original list price for homes that closed in 3Q 2011 was $749,096

The average list price at time of sale for homes that closed in 3Q 2010 was $782,961
The average list price at time of sale for homes that closed in 3Q 2011 was $710,985

The average sale price for the homes that closed in 3Q 2010 was $752,500
The average sale price for the homes that closed in 3Q 2011 was $689,367

The average Days on Market for homes that closed in 3Q 2010was 66 days.
The average Days on Market for homes that closed in 3Q 2011 was 59 days.

So, what does all of this mean?

2010 by all appearances was a better market compared to the 2011 market.  Or was it?  The top selling price in 2011 was $1,619,500.  In 2010 it was $4,000,000.  That alone will add $43,000+ to the average price of any property.  So, as always, it's best to take a deep breath before jumping to conclusions. Of the homes sold in 3Q 2011, 41 were apartments/townhouses and 56 were detached homes.  While the Spring market was hopping, we all noticed a slow down beginning in June.  Now that summer is over, there appears to be an uptick in activity.  

Posted by

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Marcie Sandalow is a realtor with Evers & Company Real Estate, Inc. in Chevy Chase, DC.   
With 15+ years in the business, and a sharp understanding of her client's needs, she serves Buyers and Sellers
in and around Bethesda, Chevy Chase, Washington, DC, Kensington, Rockville, Silver Spring and Takoma Park. 

E-mail:  marcie@bccdcrealestate.com
Cell:  301/758-4894

Website:  BCCDCRealEstate.com and DCHouseSmarts.com

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