Bethesda Homes in 20814 - A Tale of two Quarters
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This market report draws on data from the Downtown Bethesda area, its surrounding suburbs, and a small pocket of properties to the north. As I've noted before in previous Bethesda (20814) reports, this area is an especially difficult area to analyze because of the diversity of property types and price-points. From Multi-million dollar properties in the luxurious Downtown Bethesda suburb, Edgemoor, to the low $500Ks to the in the northern part of the zip code. Please don't get me wrong, $500,000 is by no means a bargain by anyone's standards, just pointing out the "relativity of things" in this extraordinary and diverse zip code :-)
Bethesda Homes and Property Report (20814) - Comparing "Final Quarter Stats" in 2007 vs. 2008
| |
2007 |
2008 |
| Number of Homes Sold |
37 |
49 |
| Average Sold Price* |
$944,391 |
$822,168 |
| Average Days on Market* |
62 |
70 |
| Average Sales Price as a % of Ave. List Price* |
97% |
96% |
| Number Sold over $1M |
... |
It's been quite a few days since I've posted here at KoitzGroup.com but that's not to say I haven't been chiming in on Washington DC area real estate issues elsewhere. Since I just write the blogs and Kevin puts them online, I'm not sure where they go! But he assured me you'd find a couple of my newer posts at my REW blog. Here's a quick summary of some of this most recent content.
Last week, I wrote an article confessing to have erred in a previous post in which I predicted a quick sale on a certain Bethesda home and what exactly my misstep said about the ever-changing market. Titled "My Bethesda Real Estate Prediction - Eating My Words", it's a fun and quick read!
I followed up my concession of failure (!) with a post I hope you’ll all read titled
Stay tuned for more market reports here and at my REW blog and a new post I’m starting to research regarding the new conforming loan limit. Stay warm out there!
...
| Washington DC Real Estate Sales Report (20008 Zip Code) |
A look into the Washington DC area real estate market through examining micro-markets. This market report centers on data from the NW Washington DC 20008 zip code in January 2007 and January 2008. This affluent area includes a variety of different sub-divisions. Some of the more recognized include Kalorama, Forest Hills, Woodley Park, and portions of both Cleveland Park and Dupont Circle. Here's a review and breakdown:
Washington DC Single Family Homes (Zip Code 20008)
| |
January 2007 |
January 2008 |
Number of Homes Sold
|
8 |
8 |
Total Sold Dollar Volume
|
$10,338,400
|
$11,417,999 |
Average Sold Price*
|
$1,292,300
|
$1,427,250 |
Average Days on Market*
|
56 |
82 |
| Ave. Sales Price as a % of Ave List Price* |
95% |
94% |
Number Sold over $1 M
|
3 |
5** |
...
Kensington Real Estate Sales Report
A look into the Washington DC area real estate market through examining micro-markets. In this specific case, we compared home sales data in Kensington Maryland homes (a close-in suburb to the north of Washington DC) in January 2007 and January 2008. Here's a review and breakdown:
Kensington Maryland Homes (Zip Code 20895)
| |
Jan. 2007
|
Jan. 2008
|
|
Number of Homes Sold
|
20
|
8
|
|
Total Sold Dollar Volume
|
$11,064,900
|
$4,291500
|
|
Average Sold Price*
|
$553,245
|
$536,438
|
|
Average Days on Market*
|
80
|
188
|
|
Ave. Sales Price as a % of Ave List Price*
|
...
