Charred Oak Estates Market Report
Bethesda, MD
April 2020
Curious about what's going on with real estate in Charred Oak Estates and how the pandemic may be impacting sales?
Let's look at the numbers:
As you can see from the charts, the numbers of Sold properties is up and number of New Pending properties for April is below the 5-year average for April while the number of Active Listings was double that of the 5-year average.
April's inventory of homes for sale was a bit lower than the 5-year average with a 0 months inventory on the market. The number of new listings entering the market in April was also below the 5-year average. This was likely called by the changing of rules regarding behavior related to the pandemic.
Are you curious about what your home is worth?
In the last graph above you'll notice that the median sales price for homes in Charred Oak Estates was at $1,740,000 which is more than double the 5-year average of $761,000.
Wondering how long it might take to sell your home in Charred Oak Estates?
The Days on Market in April 2020 at 31 days, was quite a bit faster than the 5-year average of 20 days. It also appears that sellers were pricing their homes closer to the final sales price this April as compared to the 5-year average for April.
If you'd like to discuss how these numbers impact the value of your home in Charred Oak Estates, I'm happy to meet with you. I live right in the neighborhood. Just let me know when you are available.
Thinking about buying a home in Charred Oak Estates? Just give me a call at 202-271-5301 to Get Started.
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