August 2007 - Solds in Bethesda zip code 20816

By
Real Estate Agent with Keller Williams Capital Properties

Single Family Homes Sold in August, 2007 - Bethesda, MD (Montgomery County) 20816

Bethesda Real Estate

Close DateOriginal PricePrice at SaleSold PriceDiscountSubsidyDOMAddressSubdivision
8/31/2007$715,000.00$715,000.00$665,000.0093%$0.00164803 MONTGOMERY AVEGLEN COVE
8/13/2007$789,000.00$739,000.00$735,000.0093%$0.00604914 JAMESTOWN RDWESTGATE
8/22/2007$799,000.00$799,000.00$773,000.0097%$2,000.00355316 ALLANDALE RDGREENACRES
8/8/2007$785,000.00$785,000.00$785,000.00100%$0.0096205 VORLICH LNFAIRWAY HILLS
8/27/2007$829,900.00$829,900.00$799,950.0096%$0.00236015 MASSACHUSETTS AVEGLEN ECHO HEIGHTS
8/16/2007$819,000.00$819,000.00$809,000.0099%$0.0026002 MILO DRWOODACRES
8/31/2007$849,000.00$849,000.00$839,500.0099%$0.0045144 WESTPATH WAYSUMNER
8/31/2007$849,900.00$849,900.00$845,000.0099%$0.0095145 MASSACHUSETTS AVEWESTGATE
8/22/2007$830,000.00$830,000.00$855,000.00103%$0.0035608 JORDAN RDSPRINGFIELD
8/29/2007$872,500.00$872,500.00$862,500.0099%$0.00135229 WYOMING RDGLEN ECHO HEIGHTS
8/31/2007$873,000.00$869,000.00$869,000.0099.54%$0.001155305 WANETA RDGLEN ECHO HEIGHTS
8/31/2007$949,900.00$949,900.00$955,000.00101%$0.0056005 COBALT RDWOODACRES
8/6/2007$989,000.00$989,000.00$995,000.00101%$0.0015905 CRANSTON RDWOODACRES
8/29/2007$1,090,000.00$1,090,000.00$1,090,000.00100%$0.00135114 DUVALL DRWESTMORELAND HILLS
8/15/2007$1,375,000.00$1,250,000.00$1,250,000.0091%$0.00335004 RIVER RDGREENACRES
8/31/2007$1,395,000.00$1,335,000.00$1,275,000.0091%$0.00635021 BALTAN RDSUMNER
8/10/2007$1,590,000.00$1,495,000.00$1,400,000.0088%$10,000.00656316 WISCASSET RDGLEN ECHO HEIGHTS

What does it mean?

Even though it's only 4 fewer sales than last year at this time, it's part of the trend for Bethesda real estate this year that homes sold and sales volume are down significantly in many months.  The average sold price is down 6% but the median is up 2% (a trend that has held through the entire year with the median increasing year over year in every month of 2007).

The discount is the % of the original list price the seller got when the home sold.  On average that was 96% - no change from last year in August.  Many times you will see a home advertised as getting 100% of its asking price at time of sale - they just neglected to mention the price reduction!  

Days on market were less than this time last year, which is very helpful during the stressful time of a home sale.  The faster sellers can get their home off the market the happier I find them to be - a lock-box removal party comes to mind!

This zip code in Bethesda continues to hold value and have sales since its location is such a sought after one.  Nationally ranked schools and close-knit neighborhoods enable these homes to continue to sell and defy national statistics.  Sellers need to be aware of the pricing trends as they are thinking of putting their homes on the market and pay close attention to these recent sales.  Buyers can see with these market statistics what homes have been going for and how they might consider structuring an offer on a home for sale in 20816.  Homes that are in good condition in this zip code still go relatively quickly and as you can see by over 100% of asking price on 3 of these sales, multiple offers still exist. 

November 3, 2007

Information Source: MRIS - Information is deemed reliable but not guaranteed.

For more information about real estate sales in Bethesda, MD 20816 please email me at josette.skilling@longandfoster.com or visit my website at http://www.josetteskilling.com/

All data courtesy of:
Josette Skilling, Realtor
Long & Foster Real Estate, Inc.
4733 Bethesda Avenue
Bethesda, MD 20814
301-385-9213 (cell)
240-497-1700 (office)

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If you are looking to buy or sell a home here or in one of the other lovely surrounding Bethesda real estate communities, please start your search by calling me, a Bethesda Realtor. 

Search here for all Bethesda homes for sale

 

Serving the Greater Bethesda real estate, Chevy Chase, Potomac, Kensington area communities and other surrounding areas.

I'm available to help you!

Josette Skilling

Associate Broker & Co-Founder

Urban Tree Properties, Keller Williams Capital Properties
7801 Woodmont Avenue
Bethesda, MD 20814
Cell: 301-385-9213
Office: 202-780-7570

Email: josette@urbantreeproperties.com
Urban Tree Properties

Copyright © 2015 by Josette Skilling

Bethesda Real Estate

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Mike Jones
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) - Tucson, AZ
Mike Jones NMLS 223495

Josette, very nice job of organizing the information.  I appreciate your commentary, too, under your heading "what does it mean?"  You're going to be a very successful Active Rain blogger if you keep doing what you're doing!  Much Success!

Mike in Tucson

Nov 05, 2007 01:36 AM #1
Rainmaker
105,533
Josette Skilling
Keller Williams Capital Properties - Bethesda, MD
Mike, thanks so much!  I like data but find that folks need the text to go along with it...
Nov 05, 2007 02:05 AM #2
Rainmaker
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Judy Greenberg
Coldwell Banker Long Grove - Buffalo Grove, IL
Coldwell Banker - Buffalo Grove - Long Grove Homes

Josette,

I'm very analytical like you and appreciate reporting the numbers like you have.  Does your mls provide data, like original listing price, or do you have to go in and look at each one separately.  Also, if you don't mind, how did you get the chart  from excel to post as an image.  I have been trying to learn how to do it.  Did you buy a program that converts excel to jpg.  I'm just in awe of this post since it incorporates everything so nicely.  Great job

Nov 13, 2007 03:31 AM #3
Rainmaker
105,533
Josette Skilling
Keller Williams Capital Properties - Bethesda, MD

Judy,

Our MLS does provide all this data so I set up a custom export and take what I want from it.  They also provide reports that have data like this but it's mixed with condos and townhouses and I wanted to see only SFH's.  Once I have it in Excel then I can run any query I want and see the results.

I hide the columns I don't want to see and then copy the fields that I do want to PaintShop Pro as a new image.  I save it as a .jpg and then I can position that into my post.  You could do the same with PhotoShop or some of the other image programs but I've used Paintshop for so long that I can bounce around in it.  I then drop the image into Picnik and put a drop shadow on it because it's easier there and there are some other frame tools that make it a good non techie choice.

If you try to simply bring the data in from Excel then you are going to have to go into the HTML and edit it so that you get the border and cell properties to be the size and color you want.  I do that on the solds chart.  I havn't gotten out my hex values yet to know which color I want that top row to be.  I thought I was done with geekdom when I left hi tech!

Hope that helps.

I'll be darned if the next post I read doesn't have a great way to get the spreadsheet in the post!

http://activerain.com/blogsview/251106/Embedding-A-Spreadsheet-On

Nov 13, 2007 04:31 AM #4
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