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Day 310: The Sunday Snapshot, Bethesda Real Estate

It’s Sunday, November 6th, 2011 and a great day to check out open houses in our Bethesda and Chevy Chase communities.  Most homes are open from 1-4 PM.  This Sunday there are 97 open houses scheduled, according to MRIS (Metropolitan Regional Information System)!  That’s quite a selection! To see them all, an excellent website to visit is www.HomesDatabase.com, powered directly by our local MLS (Multiple Listing System), MRIS.

Of those 97 open houses today, 73 of them are single family homes ranging in price from $515,000- $2,450,000.  The lowest price home is located at 8417 Donneybrook Dr., Chevy Chase in the neighborhood of Rock Creek Forest just off of East-West Highway.   At $2,450,000, the highest price home open today is located at 6017 Cairn Terrace in Bethesda, near Mass Ave.  It’s a sleek, interesting contemporary with a sauna, a built-in aquarium and many unique architectural features that only a contemporary home can embody!

There are 20+ condos that will be open ranging in price from $199,000  – $1,499,000.  The lowest price condo is located at 7400 Lakeview Dr. in a community called West Spring which is close to Montgomery Mall.  The highest priced condo open today is located in the sleek Lionsgate building in Bethesda at 7710 Woodmont Ave.  It will absolutely knock your socks off!  Don’t miss the rooftop terrace!  When comparing condos, keep in mind that in order to compare apples to apples on price, you should consider the not only the purchase price but also review the monthly condo fee and what it includes.  Some condo fees include all utilities and many amenities while others include only selected utilities and/or perhaps none at all.

Brian & Amy: www.KeystoBethesda.com

The Bethesda Real Estate market has managed to remain fairly healthy as compared to rest of the country even throughout the toughest times in the recession.  Great schools, higher employment rates and fewer foreclosures and short sales than most cities have all helped to buoy our real estate market above national averages.

As of September 30th of this year, the average price of a detached home in Bethesda was roughly $985,000, an increase of 3.6% over 2010.  The median price was $849,000 representing an increase of 3.4% over 2010 figures.  The average number of days it is taking a single family home to sell is 59 days in that same period – a slight improvement over 2010.  With our area showing year-over-year improvements and interest rates at record lows, this is a great time to consider buying or investing in real estate in our area.  Enjoy house hunting and give us a call if we can be of service.

For more Bethesda Real Estate market updates, follow #BethesdaBrian on Twitter and check back here, Bethesda365.com every Sunday for our new weekly Bethesda Real Estate – Sunday Snapshot.    ~Brian & Amy

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