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Featured Home – A Crown Jewel in Sumner

4905 Scarsdale Rd, Bethesda, MD 20816

4905 Scarsdale Rd. Bethesda, MD 20816 in the Sumner Community

Community: Sumner

List Price: $1,750,000 

OPEN SUNDAY, June 23rd, 2:00-4:00 PM

Seven Bedrooms, Five and a Half Baths plus Main Floor Office

Click HERE to see the full property tour.

A rare opportunity in Sumner, this elegant and expanded center-hall colonial with 5,000+ sq. ft. of living space has been lovingly maintained.

Perfectly designed for entertaining with its open-concept kitchen and breakfast area to a spacious family room and large screen porch.

Formal living and dining rooms with butler pantry, and main floor private office, are sure to please the most discerning buyer.

Family room addition with perimeter bench seating is open to kitchen area

The upper floor offers 5 bedrooms, 3 baths and a laundry room plus two additional bedrooms and a bath on a third level. The sumptuous master suite offers a dressing room, walk-in closet and heated floors too.

Other fine features of this home include a whole house generator, deep 2-car garage, replacement windows, recessed lights, 2-zone HVAC and refinished hardwoods. Check the floorplan tour to review the spacious layout and elegant, circular floorplan.

Ideally situated close to the Capital Crescent Trail, shopping at Westbard and Sumner Place shopping centers and with easy access to the Metro Bus to Friendship Heights and the D5 Commuter bus, the location is sure to please.  The Sumner Community is one of the finest in Maryland.

Delightful and spacious screened porch

Schools include Woodacres Elementary, Thomas W. Pyle Middle and the award-winning Walt Whitman High School.

For more information or a private showing, please contact Brian and Amy Maury.

Brian cell: 301-325-4914  |  Amy cell: 301-832-0864

Listed by Compass: 301-304-8444

Bethesda Home Prices Surpass Record!

Home prices in the Bethesda area have surged forward this year eclipsing the annual record detached home price set in 2007.

On January 5th, Bethesda Magazine published an article reflecting this data, quoting Brian Maury of Maury Real Estate, on its local daily news website, Bethesda Beat.  According to data from our local multiple listing service, the average price of a detached home in Bethesda (zip codes 20814, 20816, and 20817) increased by over $47,890 in 2014. The average price of a detached home jumped to $1,093,042 an increase of over 4.6% when compared to 2013.  Less impressive was the jump in median price.  The median price of a detached home in 2013 was $895,000.  The median price of a detached home in 2014 increased just $26,000, or 2.9%, to $921,000 (the median is the price at which half the sales are below that point and half are above).

Bethesda Real Estate performance 2007-2014

Bethesda Real Estate performance 2007-2014

Home prices this year have climbed to new heights in our area and while there is evidence of a sharp decline in the rate of appreciation in home values across the nation, there appears to be some momentum building up again at the end of 2014.

“After a long period when home prices rose, but at a slower pace with each passing month, we are seeing hints that prices could end 2014 on a strong note and accelerate into 2015,” says David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices.
Blitzer added, “Two months ago, all 20 cities were experiencing weakening annual price increases. Last month, 18 experienced weakness. This time, 12 cities had weaker annual price growth, but eight saw the pace of price gains pick up. Seasonally adjusted, all 20 cities had higher prices than a month ago.”
Also good news is that U.S. consumer confidence (as measured by the Current Situation Index) is the highest it has been since 2008.  This optimism is translating into real economic growth.  The U.S. Department of Commerce reports that 3rd Quarter GDP (Gross Domestic Product) growth increased at an impressive annual pace of 5%.

Will 2015 shape up to be another solid year for real estate in our area?  We believe so.  While the inventory of available homes in Montgomery County, MD is up nearly 30% from a year ago (only up slightly in the hotter DC real estate market), prices should continue to rise.

We predict another year of home price appreciation in the 4-5% range.  If you are considering a home purchase and/or sale in 2015, contact Brian and Amy Maury of Maury Real Estate for a no-obligation consultation.
Maury Real Estate 301-229-3652

Maury Real Estate
301-229-3652

Mid-Year Bethesda Real Estate Update

WebBriAmy2

Brian and Amy Maury
Maury Real Estate
Contact: 301-229-3652

Our local real estate market has improved significantly this year following the same trend that been occurring around the country.  Here are some of the statistical highlights for the period ending June 30, 2013 in Bethesda (zip codes 20814, 20816, and 20817):

Detached Homes:

  • 414 detached homes have sold so far this year
  • Average detached home price in Bethesda is $1,031,359
  • Average detached home price increase in 2013 = +8.93%

Townhomes:

  • 47 townhomes have sold so far this year
  • Average townhome price in Bethesda is $729,769
  • Average townhome price increase in 2013 = +5.82%

Condominiums:

  • 108 Condominiums have sold so far this year
  • Average condo price in Bethesda is $384,807
  • Average condo price increase in 2013 = +5.51%

The average detached home price is now just $20,000 below the all-time average price set in 2007 before the “great recession” started.  If you are considering the sale of your home now is an excellent time to do so.  The supply of available housing is down significantly which sometimes results in a competitive bidding situation for well priced homes (similar to the market we experienced from 2004-2006).  Interest rates have been climbing recently but are still at historically low levels making home purchases still very affordable (even at higher prices).  The Federal Reserve has indicated that as the economy continues to improve it will begin to wind down the economic stimulus it has been providing to the mortgage market and further increases in interest rates will likely result.  Again, if you are considering selling or buying, NOW is an excellent time to enter or exit the market.

If you are ever in need of assistance and advice regarding your home and the current real estate market, please do not hesitate to call us. You can be assured that your needs will be met with the utmost integrity and professionalism.

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):

  • List View
  • Map View
  • Grid View

See all Detached Homes Bethesda.
(all data current as of 6/26/2019)

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

 
 

Day 365: A New Year of Bethesda 365?

Bethesda365

Amy:   Hey Brian, when we started Bethesda365 on January 1st of 2011, we never knew how much we would enjoy getting to know some of the interesting people, places and things about our town, huh?  What stood out most for you?

Brian:  I’ve lived in the Bethesda area practically all my life and what stands out the most for me are the posts we did regarding the history of our town.  For example, the Madonna of the Trail post and the Farm Women’s Market are two that really made an impression.  Our town today is a product of that history.  What stands out for you?

Amy: I really enjoyed the “history lesson” too but for me, the most surprising part of the experience was the entrepreneurial spirit of the people in this town.  The Farm Women had it and it is evident in the enterprising minds of today’s business owners like Seth’s Honest Tea, Robert’s Mussel Bar and Francis’ Cork57 and Food and Wine Co., among many others.  The everyday people of Bethesda are pretty amazing too – take for example the average Housewives of Bethesda!  Remember that?

Brian: My favorite blog posts developed organically from the things we were doing, seeing and enjoying.  One of our most popular blogs was the one on Montgomery Mall – Mall Monkey Business and the Finger Lickin’ Good Ribs about the rib joint on Old Georgetown Road.  I also found Bethesda365 taking me out of my comfort zone and the well-worn paths I have travelled over the years to discover new things right in my own backyard like Maryland’s first solar power pole.  So now that the year has ended Amy what’s next for Bethesda365?

Amy: Let’s be candid here.  We INTENDED to blog every day for 365 days (Get it? Bethesda 365!) but we didn’t quite meet that goal.  However, we did complete over 225 blog entries and had over 21,000 visitors to our site in our first year. Plus, we had a damn good time doing it!  So what do you say Brian, shall we keep going for another 365 days?

Brian:  Absolutely!  One of our objectives with the blog was to create a body of information about our town that residents and newcomers could tap into to explore all the great things about Bethesda that we enjoy.  To that end we were successful but there is still more to discover and share.

Amy: So true!  I have some ideas!  (Wink!) So partner, I propose a toast!  To a new year of Bethesda365 and the good eats, great people and interesting experiences that are surely in store! 

Brian:  Could we call it Bethesda100? 🙂

Amy:     😛

Day 317: The Sunday Snapshot, Bethesda Real Estate

www.KeystoBethesda.com

It’s Sunday, November 13th and time for another Sunday Snapshot of our local Bethesda Real Estate market.  As usual, there are quite  a lot of homes available to visit at open houses today – most of which are open from 1-4 PM.  To check all the listings available visit: www.HomesDatabase.com provided by our local Multiple Listing Service, MRIS.

According to MRIS, there are 83 single family homes open today in Bethesda and Chevy Chase and 14 condos and townhomes.  Here are some of our picks for the best walk-to-downtown-Bethesda locations that are open today:

  • 7819 Custer Rd., Bethesda for $839,900
  • 5506 Hoover St., Bethesda $930,000
  • 7612 Glenbrook Rd., Bethesda for $1,049,000
  • 4436 Ridge St., Chevy Chase for $1,675,000
  • 4400 Elm St., Chevy Chase for 1,795,000

and our favorite walk-to-Bethesda selection is:

A Tuscan Villa in Bethesda - 5306 Bradley Blvd

5306 Bradley Blvd., for $1,695,000 a beautifully updated and charming Tuscan villa that sits on a 20,319 sq. ft. lot – that’s almost a 1/2 acre.  The original home was built in the 1930’s and there have been additions and beautiful updates to it, yet its original charm is still preserved.  The yard is amazing!  There is plenty of off-street parking with a big circular driveway and a detached 2-car garage that offers a private bedroom or office space above.  It’s a must-see home!

There are a couple of townhomes we recommend as well if you’re looking for a good investment opportunity or convenient and less-expensive option for commuting on the METRO Red Line.  One of our favorite Bethesda condominiums, Hampden Square, has a 2-story condo available for $799,500 with three balconies, nice updates, a garage, 2 bedrooms and 2 1/2 baths.  Beautifully located to enjoy all the Bethesda has to offer just outside your front door.  Condo dues are high in the building but the perks are pretty terrific!  The unit address is 4801 Hampden Ln #103 and please note that it’s open only from 1 – 3 PM.

5127 King Charles Way

Another great option near the Grosvenor Metro stop is the Grosvenor Mews community.  The large 3-story townhomes are convenient, offer very low dues (~$110/month) and a ton of space!  There are two townhomes on the market and both will be open today.

Of course, here comes our shameless plug!  Brian Maury will be available to show you the unit at 5127 King Charles Way today from 1 – 4 PM.  It’s priced at $509,000 and offers two large master suites, a very large deck off the kitchen and a spacious lower-level family room.  Stop by and check it out!     ~Amy