September 2007 - Solds in Bethesda zip code 20814

By
Real Estate Agent with Keller Williams Capital Properties

Single Family Homes Sold in September 2007 - Bethesda, MD (Montgomery County) 20814

Bethesda Real Estate 

StatusClose DateOriginal PricePrice at SaleClose PriceDiscountSubsidyDOMAddressSubdivision
SOLD9/20/2007$799,900$799,900$800,000100%$0115925 CHESHIRE DRWILDWOOD MANOR
SOLD9/28/2007$825,000$825,000$825,000100%$01038107 KENTBURY DRCOLUMBIA FOREST
SOLD9/27/2007$869,500$869,500$860,00099%$044702 ROSEDALE AVEROSEDALE PARK
SOLD9/7/2007$969,000$949,000$900,00093%$0927812 ABERDEEN RDENGLISH VILLAGE
SOLD9/4/2007$1,095,000$1,095,000$1,090,000100%$0157824 GLENBROOK RDBATTERY PARK
SOLD9/14/2007$2,200,000$2,200,000$1,905,00087%$0477809 FAIRFAX RDBATTERY PARK
 

What Does It Mean?

Bethesda Neighborhoods covered by this report are:

  • Battery Park 
  • Columbia Forest
  • English Village
  • Rosedale Park
  • Wildwood Manor

One of the first things is the very obvious drop in sales and dollar volume.  70% down from this time last year.  This is following the overall trend in Montgomery County of a drop in sales volume and number of homes sold.  Yet, it took 15% fewer days to sell those homes.  The sales volume is down significantly from a strong spring market that showed a first quarter incease of 47% and a second quarter increase of 10%.  Third quarter is coming in at 4% increase for the year.

This zip code increased its % of sale price received to 94% from last year.  If you look at that in the individual sales you can see that Rosedale and Glenbrook got very close to their asking prices.   Fairfax, since it was a much higher priced property had a more significant reduction and received 87% of its asking price.

The median price is also increased from last year as has the average sold price.  Given the amount of renovation in this area it's not surprising to see these numbers increase.

Bethesda continues to be a stable area that attracts newcomers and defies national trends.  Homes that are priced well and look good still sell.  Amenities such as nationally ranked schools and neighborhoods moments from the District line contribute to a very healthy outlook in Bethesda. 

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 strucuring an offer on a home for sale in 20814. 

November 13, 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:

Long & Foster Real Estate, Inc.
4733 Bethesda Avenue
Bethesda, MD 20814
301-385-9213 (cell)
240-497-1700 (office)

 

 

Posted by

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

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
Maryland Montgomery County Bethesda
Tags:
bethesda real estate
market statistics
josette skilling
montgomery county maryland real estate
realtor bethesda
neighborhoods bethesda

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,073,964
Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375
Flexit Realty "Flexible Home Selling Solutions" - Grand Rapids, MI
Real Estate Services You can Trust!
Nice market update Josette and great advice to get buyers and sellers going in the right direction.  Nice post.
Nov 13, 2007 11:10 AM #1
Rainmaker
105,533
Josette Skilling
Keller Williams Capital Properties - Bethesda, MD
Gary, thanks for stopping by!  Let's hope we can all get going in the right direction.
Nov 13, 2007 11:21 AM #2
Ambassador
2,742,838
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Yep.  That's the pattern. 

Keep the prices high but sell a lot fewer homes.

I saw it coming and sold my home in Bethesda in 2005.  Just in time.

 

Nov 13, 2007 11:41 AM #3
Rainmaker
105,533
Josette Skilling
Keller Williams Capital Properties - Bethesda, MD

It's surprising in this zip code just how many were sold in the spring market this year, really up until this month there were increases in volume. 

Glad you made your sale then! 

Nov 13, 2007 11:56 AM #4
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
105,533

Josette Skilling

Ask me a question
*
*
*
*
Spam prevention

Additional Information