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Bethesda Real Estate is Hot!

As I am sure you may have heard on the news and read in the paper, real estate is back!  As professional agents, Brian and I are hearing comments from people that it must be a great time to be in real estate.  Well, the market has certainly surged again and it’s nice that we no longer have to comfort sellers who were unable to sell their homes for an acceptable price as we did during the dog days of the  Great Recession; however, now it’s the buyers that need comfort and encouragement!  It’s pretty tough to find a home right now in Bethesda…and when they do finally settle on one, they often find themselves in competition for the purchase.

A Bethesda Home selling in the $1.4 million range

A Bethesda Home selling in the $1.4 million range

Here is snapshot of the market today, May 13th, 2013 in Bethesda according to MRIS (Metropolitan Regional Information System) – our local MLS:

  1. There are 183 single family, detached homes available for sale.
  2. The average price is a whopping $1,695,732!  The median price is $1,375,000.
  3. Of the 183 homes for sale, there are only 54 priced below $1 million dollars right now!
  4. In April 2013, 62 homes sold or went under contract priced below $1 million.

See the picture?  We have less than one month of home sale inventory below $1 million.  That means more homes are currently selling in a month than are being listed in that price bracket.  In the range north of $1 million, we have about a 2-3 month’s supply of inventory, according to the multiple listing service.  Of course inventory is boosted in that range by builders who have come back into the market, actively removing old dilapidated homes from lots and rebuilding brand new homes, typically in the range of 5,000+ square feet in size.

If you’re thinking of selling a home in Bethesda, it’s definitely a great time to do so.  We offer a complimentary market analysis, at your request.  If you’re thinking of buying, let’s talk about a home buying strategy.  We have been helping clients buy homes that are not yet listed for sale where possible.  A pro-active plan is often the best approach!  With interest rates so low, it’s still a great time to buy even though inventory is tight.

Stay tuned for more real estate updates and in the meantime here is a list of the current homes for sale in Bethesda (updated daily):

  1. 1 bed, 1 bath
    Home size: 626 sq ft
    Year built: 1990
    Listing provided by Linda Robinson, RE/MAX Town Center
  2. 4 beds, 3 baths
    Home size: 2,390 sq ft
    Lot size: 12,632 sqft
    Year built: 1955
    Listing provided by Jason Ekus, Pavilion Real Estates L.L.C.
  3. 4 beds, 3 baths
    Home size: 2,172 sq ft
    Lot size: 12,196 sqft
    Year built: 1962
    Listing provided by Brian Saver, Northrop Realty, A Long & Foster Company
  4. 4 beds, 6 baths
    Home size: 7,712 sq ft
    Lot size: 21,780 sqft
    Year built: 1965
    Listing provided by Bernard Salamon, Long & Foster Real Estate, Inc.
  5. 6 beds, 9 baths
    Home size: 12,000 sq ft
    Lot size: 27,878 sqft
    Year built: 2019
    Listing provided by Henry Stuart, Long & Foster Real Estate, Inc.
  6. 4 beds, 3 baths
    Home size: 2,106 sq ft
    Lot size: 10,890 sqft
    Year built: 1959
    Listing provided by Keene Taylor, Compass
  7. 5 beds, 4 baths
    Home size: 2,605 sq ft
    Lot size: 10,018 sqft
    Year built: 1940
    Listing provided by Mary Lynn White, Compass
  8. 5 beds, 5 baths
    Home size: 4,874 sq ft
    Lot size: 6,969 sqft
    Year built: 2014
    Listing provided by Lisa Stransky Brown, Washington Fine Properties, LLC
  9. 7 beds, 5 baths
    Home size: 5,600 sq ft
    Lot size: 30,927 sqft
    Year built: 1994
    Listing provided by Trent Heminger, Compass
  10. 6 beds, 8 baths
    Home size: 7,057 sq ft
    Lot size: 16,988 sqft
    Year built: 2018
    Listing provided by H. Joe Faraji, Long & Foster Real Estate, Inc.
  11. 4 beds, 2 baths
    Home size: 1,689 sq ft
    Lot size: 9,583 sqft
    Year built: 1952
    Listing provided by Christina Macro, Realty One Group Capital Properties
  12. 4 beds, 4 baths
    Home size: 3,450 sq ft
    Lot size: 10,018 sqft
    Year built: 1956
    Listing provided by Alyssa Crilley, Washington Fine Properties, LLC
  13. 5 beds, 6 baths
    Home size: 6,200 sq ft
    Lot size: 9,147 sqft
    Year built: 2012
    Listing provided by Elizabeth Lavette, Washington Fine Properties, LLC
  14. 3 beds, 3 baths
    Home size: 2,136 sq ft
    Lot size: 12,632 sqft
    Year built: 1954
    Listing provided by Tamara Kucik, Tower Hill Realty
  15. 5 beds, 6 baths
    Home size: 4,293 sq ft
    Lot size: 6,969 sqft
    Year built: 2018
    Listing provided by Joshua Ross, RE/MAX Realty Services

See all Detached Homes Bethesda.
(all data current as of 11/15/2018)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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