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Day 338: The Sunday Snapshot, Bethesda Real Estate

It’s another beautiful fall day in Bethesda.  Fresh air, football, home-cooked meals, soccer games and leaf-raking may be on your agenda…and perhaps visits to open houses too.  If so, here are some up-to-the-minute statistics and information you might want to keep in mind.

Bethesda Colonial Home in the Sumner Neighborhood

First of all, a great resource to find open house listings is www.HomesDataBase.com.  As of 12:30 PM, there are 63 open houses scheduled for today in Bethesda and Chevy Chase – most from 1-4 PM, but check the listings if you have a certain house in mind.  Sometimes you will find that homes are open from 2 PM – 4 PM.

Here is a quick snapshot of our local real estate statistics recently:

  • Currently there are 341 homes, townhomes, condos, etc. actively listed for sale in Bethesda and Chevy Chase.
  • Of those, 240 are detached homes at a whopping average price of $1,443,542! (Median: $1,152,500)
  • Right now there are 112 detached homes in Bethesda and Chevy Chase that are under contract awaiting settlement.  Interestingly, the average price of those is $999,490 but the median price is only $839,450.  That’s quite a contrast.
  • In NOVEMBER 2011, according to MRIS*, there were 69 detached homes sold in Bethesda and Chevy Chase.  The median price: $850,000.  The average price $965,312.  These homes took an average of 69 days to sell.

    www.KeystoBethesda.com

Our market is not back to its peak, but it is certainly showing some strong indications that we have a healthy balanced market, unlike many other regions throughout the nation.  With interest rates remaining low and year-over-year price improvements evident for the last 2 years, our real estate market offers a great long-term investment opportunity.   Happy house-hunting!     ~Amy

(*All data cited in this article is from the MRIS, Metropolitan Regional Information System.)

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