Real EState Report for East Bethesda 2011

By
Real Estate Agent with Marcie Sandalow, Compass 301.758.4894

Lynbrook Park, East Bethesda MD

Happy holidays, East Bethesda. It’s time for the annual wrap up. 2011 numbers have held steady from 2010, inching up a modest 0.6%. This isn’t a bad thing. Prices rose by 6.3% in 2010 – the first increase in 3 years. Given the continuing turmoil in the rest of the country, the plateau is a welcome relief.

The 2011 average sales price in East Bethesda was $903,951, with a total of 44 transactions. That’s a 7% increase in volume over 2010 when we had 41 sales averaging $898,224.

Mortgage rates are hovering just under 4% for a 30-year fixed rate (up to $729K). How low can they go? Now is the time to buy or refinance.

Inventory is low. There are currently 5 active listings in the neighborhood ranging from $575,000 - $1,865,000 (3 listings are over $1-million & 2 under). Now is a good time to sell. Three of my four East Bethesda listings this last year received multiple bids and sold for more than the asking price. Price it right, spiff it up, and it should sell quickly.

The graph below is full of statistics about the East Bethesda market place.

If you would like to learn more about the individual properties that sold, please contact me and I'll happily send you some detailed information.

If a move is in your future, I would be very happy to help you learn more about our local market and/or provide you with a complementary home evaluation and price analysis. I've lived in East Bethesda for over 15 years. Give me a call!

To read more about East Bethesda: Top 10 Reasons to Live in East Bethesda or East Bethesda School Guide

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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Rainmaker
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Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Marcie, your market has the mover and shaker homes at that price point...wish you well in the new year...not making REbar in NY unfortunately...

Jan 05, 2012 01:55 PM #1
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Rainer
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Marcie Sandalow

Bethesda Chevy Chase DC real estate
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