The Bethesda Condo Market Update Nov 2019 by the Bethesda Condo Queen

By
Real Estate Agent with Keller Williams Capital Properties DC AB15253

If you are a Bethesda condo homeowner or a buyer interested in moving into a condo in Bethesda, you probably have lots of questions about the real estate market.  What do you need to know in order to make an informed decision about when (or even if) to buy and sell a condo in Bethesda.

At the end of 2019, there are lots of choices in the Bethesda market.  There are new condos for sale at the Lauren at 4901 Hampden for approximately $3.5 million with 3200 square feet, the Stonehall on Woodmont for $2.2 million with 2100 square feet or the Cheval on Fairmont for $2.5 million with nearly 2400 square feet. 

Here’s a snapshot of recent activity in the Bethesda condo market.

Inventory:

  •           19 condos sold in November - compared to the 5 year average of 23 homes per month in November.  This was down nearly 27% from the October level of 26.
  •           There were 61 condos on the market at the end of December 2019, ranging in price from $3.5 million to $139,000 for a one bedroom at the Promenade. 
  •       There were 21 new listings in November as compared with 35 in October.  The five year average of new condo listings in Bethesda in November is 25.
  •       Inventory is down this year with 432 listings year to date as compared with 453 condo listings during the same period in 2018.

Click here to view currently listed condos in Bethesda

Prices:

  •          The median sale price in November for a Bethesda condo is $298,000, which represents an increase of 2.5% from October’s level of $291,000 and a 23% increase over the previous year’s median sale price in November.

    Days on Market:

    The average number of days on market in November 2019 was 44 days for a condo to go under contract. This is an improvement over October when the average days on market for a condo in Bethesda was 53 days.

     

     

    Please click here to see all the condo and coop properties for sale in .  Want more space? Just click here for all the single family homes and townhouses.

     

    To learn more about the real estate market in Bethesda, MD, please contact us at 240-401-5577 or email us at Lise@lisehowe.com.   

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Rainmaker
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Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, ABR,CNE,CRS,ePro,PSA,RENE,SRS

Appreciate all the updates in 2019. Best of luck in 2020!

Dec 31, 2019 07:04 AM #1
Rainmaker
1,919,960
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Jeremy K. Frost - thank you and have a great 2020 yourself! Happy New Year!

Dec 31, 2019 07:22 AM #2
Rainmaker
3,658,116
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Lise Howe,  Hope you are ready for a great 2020 in Real Estate.  You know your business.

 

Dec 31, 2019 08:17 AM #3
Rainmaker
2,356,030
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Lise Howe - prices have risen this year.  Now is the time to sell or if buying, don't delay.

Dec 31, 2019 08:35 AM #4
Rainmaker
1,919,960
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Will Hamm - thank you - I am definitely ready for a new year and a new page!  2019 bordered on being an Annus Horribilis in our house!

Dec 31, 2019 08:54 AM #5
Rainmaker
1,919,960
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Grant Schneider - prices have risen - the economy is doing well in DC - and yes - it is time to take your money off the table!

Dec 31, 2019 08:55 AM #6
Rainmaker
1,483,437
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

For those looking for a condo in Bethseda, make sure you go to Lise Howe, the Bethseda Condo Queen. 

Dec 31, 2019 01:30 PM #7
Rainmaker
3,403,312
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Lise.

At those prices, the ones over a million, they must be a gem.  Happy New Year

Jan 01, 2020 01:58 AM #8
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Assoc. Broker in DC, MD, VA and attorney in DC
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