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Winter 2012 Market Update
The average sold-price for a home in Bethesda over the last 90 days was $913K representing a significant increase of 7.5% over the same period last year when the average was $850K. Oddly, the largest number of homes sold was in the $600-700K range (50 units), whereas last year the largest number of homes sold was in the $700-800K range. What has likely driven the average unit price up this period is that 85 homes sold for more than $1,000,000.
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| Average Home Price | $900,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 5-10% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $650,000 - $699,000 |
| Worst Selling Price Range | $550,000 - $599,000 |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | Increasing |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | Equal buyers and sellers |
| Buyer Activity for the past 90 days in Bethesda is | Decreasing |
| Seller Activity for the past 90 days in Bethesda is? | Increasing |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | When sellers are convinced to properly price property reflecting market conditions, there are usually multiple offers reflecting the high desirability of living in Bethesda. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 0-5% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Bethesda continues to be an area where home prices drop the least during distressed markets and rebounds fastest when the market surges forward. While qualifying for loans is more difficult now, loan rates are extremely low and the profile of the Bethesda buyer is a repeat buyer with a stable financial position who is looking to upgrade in a buyer's market. There appears to be no shortage of credit for buyers in this position. |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | Housing Inventory in Bethesda is a little more than four and a half months if you calculate inventory by dividing active listings by the average number of homes sold per month over the last six months. For Bethesda with 458 active listings at a sales rate of 100 per month you derive 4.58 months of inventory. |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Bethesda prices have not slumped as much as many other locations, but even 10-15% drops in Bethesda combined with low interest rates provide great opportunities to live in this eclectic, highly educated community boasting of established parks and gardens close to some of the best shops and restaurants in the DC area. Bordering North West DC with several major arteries leading to downtown, this family oriented community has the best of semi-urban living. |
| Nearest Metro Area | Washington DC |
| Housing Hot Spots | All of Bethesda is hot, but properties in Edgemoor, White Hall and Bradley Village do not last long on the market when they come available. Areas providing the largest inventory include Alta Vista, Wyngate and Sonoma. |
| Average Sold Price | $900,000 - View Graph Trend |
Bethesda Local News
News for Bethesda, MD - June 18th, 2010 3:00pm
The average price of a home in Bethesda during the last three months is $779,000 which represents an increase of slightly less than one percent over the same time frame last year. 326 units have sold from March 1, 2010 to June 18, 2010 which represents an increase in volume of almost ten percent over the same time list year. Days on market has seen a significant change; last year DOM averaged 90 days and this year from March 1 to June 18 the average DOM is 56. Inventory is moving much faster, though it is expected that at least some of the change was due to the end of the tax credit occurring during this time-frame.
News for Bethesda, MD - Tuesday March 23rd, 2010 4:38pm
Bethesda home sales are up significantly. From Oct. 2009 thru March 2010 sales volume equalled 484 units for a total $373M up from the same time frame last year which was 319 units for $261M. Days on market have decreased from 84 to 73. Average sales price has dropped a fair amount from $819,208 to $771,186 a decrease of more than $48,000 or 6%. Out of 484 units sold the densest price range is from $650K to $900K representing 152 units sold most of which were single family homes. Of the 107 units sold below $400K, 98% were condos and townhomes. Properties are selling at high ratios to list prices - 93.5% of original list price and 96.3% of final list price.
Contact Information
David Frezza
301-503-3768
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Mortgage Rates
– Feb 13th, 2012 –
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30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.60%
15 yr. jumbo rate: 3.96%
Home Values
StreetZip Code
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
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Request More Information Let me answer your questions! Ask Me!
David Frezza
Keller Williams Metro Realty
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 301-503-3768
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