North Bethesda Real Estate Market - View North Bethesda Real Estate Market Trends in Maryland

Winter 2012 Market Update North Bethesda real estate started the New Year well. 30 homes sold in 30 days. The good news is that most sold for very close to asking price (90-95% of asking) AND of the 30, only 3 were foreclosures. This indicates that non-bank-owned properties are beginning to sell again. Days on market have trended down to 30-45 days, which indicates a much brisker market than last year. This may be due to several reasons, including sellers pricing to sell, and homes not being in foreclosure and presumably in better move-in condition. Foreclosures have not gone away, nor will they in the short term; however, the market for sellers who are not in distress is looking better.
Average Home Price	$375,000 - View Graph Trend

Average Price Compared to Last Year	Down 15-20%

Average Time on Market	30-60 days

Best Selling Price Range	$350,000 - $399,000

Worst Selling Price Range	$700,000 - $749,000

Prices As % of Asking Price	90-95%

Existing Home Prices for the past 90 days are?	Increasing

Market Trend	Decreasing

Buyers’ or Sellers’ Market	More buyers than sellers

Buyer Activity for the past 90 days in North Bethesda is	Increasing

Seller Activity for the past 90 days in North Bethesda is?	Increasing

Multiple Offers?	Yes

Multiple Offers Commentary	Sometimes, if the property is priced aggressively.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	5-10%

Is Financing Available For Qualified Buyers?	Yes

Housing Inventory	Good supply - Some Prices

Greatest Activity	First Time Buyers

Reason to Buy/Sell	North Bethesda is located close to major routes, close to DC, Baltimore, Northern Virginia. Good schools, various types of housing. Prices have stablized and are beginning to inch up. Foreclosure inventory is low. And foreclosed properties only represented 10% of solds in January. Days on market has diminished significantly in last quarter. Average days on market now 30-45. Median home value has increased in last quarter. Off to a good start for 2010. Tax credit for first time buyers as well as past buyers is encouraging activity.

Nearest Metro Area	Washington DC

Housing Hot Spots	Most cities within the Montgomery County area are considered 'Housing Hotspots'

Average Sold Price	$375,000 - View Graph Trend

North Bethesda Local News

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.

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