The Altos Research charts you see all over my site are for ACTIVE prices only.  They don't reflect closed sales but they are a very good indicator of the trending.  As you can see Inventory is a big drop from July of last year.  And just look at those curves for price and days on market!  Hello seller's market.

Get a free market report for Bethesda!

Active/Under Contract

The spring market is in full swing!  At the time of this writing there are 43 homes for sale in Bethesda zip  code 20816.  They range in price from $619,000 to $10,750,000. 

44 homes are under contract and they range in price from $369,000 to $2,450,000.  The low end is basically a lot that was bid up over $400K over in Crestview.  Still a good deal!  Many of the homes under contract were on the market for a few days at most.  With a dearth of inventory this spring, well priced homes have gone quickly.

Sold Price Range Stats

No sales in the lowest price brackets or the highest yet this year.  Our concentration of volume is, as it has been, in that $550K- $1M bracket.  Homes that are priced correctly in that range are flying off the shelf!  Families love this area for our proximity to downtown and for the fantastic schools in Wood Acres ES, Bannockburn ES and Westbrook ES. 

The chart below contrasts the sales by month between this year and last year.  Year to date there are 37 sales in the zip code and at this time last year there were 35.  With 13 more scheduled to close in May we'll be in the same range as 2009.

The sales volume for this year through April is $33,422,000 vs last year at $34,784,500.  That is a -4% decrease.  It bears watching through the rest of the season.

You can see that when I break this down by the price ranges the average and median prices are much closer together.  It's easier to track the overall market with broad stats but for the price brackets a more true picture emerges when we break it down.

The average days on market are surprisingly lower for the higher price bracket.  Until you understand what the sales were.  5921 Searl Terrace went under contract in just two days and sold for its asking price of $1,539,000.  The home at 5608 Jordan Road Sold for its asking price of $1,900,000 in 13 days.  This sale is a bit deceiving in the stats, though, because it had been on the market for a year or so at higher prices.  At this price it was considered good value and sold.  The new buyers got a great house!
 
As you can see, the sellers overall are getting about 97% of their asking price.  In the $1M-$1.25M price range three homes were on the market for a significant period of time and had price reductions in the 10% range when they sold.  Otherwise this price range, also would have a higher list to sale ratio.  Overall it's a healthy market.  Some homes are bid up in price by buyer demand and others sold at list.  I would counsel a current buyer to offer the list price if it's supported by the comps and not try to get a deal.  You are better off getting a house!

Median Price Appreciation

We are seeing a bit of appreciation in the median price for this zip code.   Note the high water mark in 2007 and we are inching our way back up there though we are still down about 4% from that mark.  We will need to see a marked improvement in price for the remainder of the year to get back to that number.  Given that we are at the tail end of the busiest season and the end of the credit we'll see if that is likely or not.

Homes Sold in Bethesda 20816

If you are looking for what your home would sell for, you can get a free report that will come to you regularly!

If you follow along each week it becomes fairly easy to get a good idea of how the market is trending for the active properties.  The key word is "active."

Early on in the spring selling season there are few comps to review for sold properties, but there are homes on the market and if we look at the data in these reports there is a wealth of information available to help us price well.  

In this post, let’s look at the top of the report and focus in on what those numbers mean to Bethesda homes for sale in zip code 20816…

 Real Time Market Profile

•  Median List Price:  Why the median instead of the average?  Because it’s right in the middle.  An average can be skewed far more easily so the median is a better way to look at price
• Percent with Price Decrease:  This stat is a very good way to look at how sellers are reacting to the market and the overall movement of inventory.  The 36% with the price decrease all have corresponding high days on market numbers. 
  • Under $1M there are 5 homes with price reductions, some quite significant.  All have condition issues that either should have been addressed before market or should have been corrected with price out of the starting gate.
• Percent Relisted:  A number under 10% is considered normal.  Depending on the market this might be a result of homes that are holdovers from one season to the next or could be sellers that relisted with a new agent. 
  • Under $1M there is one home that started as a FSBO and has reduced in price and finally listed with a professional.  They were overpriced by $200K.  Another home relisted with the same agent, whose company affiliation changed.  Also overpriced considerably from the beginning and now has a corresponding 105 days on market.
• Percent Flip:  This is not seen so much in this zip code.  But if the property were an incredible bargain, someone might have bought it and quickly renovated it for resale (or a flip)
• Market Action Index: Whether or not we are trending in a buyers or sellers market.  The threshold is 30 (more to come about this stat in part three…).  We are overall still considered a buyers market but that doesn’t hold true for the individual quartiles since there is much more activity in the under $1M range.

If you subscribe to this market report you will get it each week and you can follow along in real time to see just how the market is doing!

Part One – Understanding the Basics

Part Two – Interpreting the Price Trends

Part Three – Market Action Index

Part Four – Quartiles

 Bethesda Real Estate and Bethesda Homes for Sale

If you follow along each week it becomes fairly easy to get a good idea of how the market is trending for the active properties.  The key word is "active."

Early on in the spring selling season there are few comps to review for sold properties, but there are homes on the market and if we look at the data in these reports there is a wealth of information available to help us price well.  

In this post, let’s look at the price section of the report and focus in on what those numbers mean for  Bethesda homes for sale in zip code 20816…

If you look at the blue line (90 day rolling average) you can see the trending over the last couple of years and see where pricing has been.  Our active pricing is not much higher than it was in ’07 and this statistic was borne out by the 2009 closed sale stats as well, with prices generally down.

This rolling average is over all the price quartiles together.  We’ve seen a steady rise in active pricing over the last few weeks and it seems to be holding in the Under Contract homes as they are coming off the market quickly and in some cases for higher than asking price.  We’ll look at this further in the quartile breakdown to see exactly which price range is contributing to this trend.

This early in the spring season it’s still important to watch the active competition to get a feel for the market, though in 20816 there are 19 closed sales through close to the end of March: 

Average Price: $970,895 (Up 1%)

Median Price:  $905,000 (Up 8%)      

Days on Market: 42 (Down 43%)

List to Sale Ratio: 97% (UP 4%)

If this trending holds throughout the spring season it’s an excellent time for sellers to get your well priced property on the market and take advantage of better pricing.  For buyers you need to be cautious of waiting too long to enter the market.  In fact your advantage is over and you are now competing for homes in price ranges under $1M.  If the home is in good condition and priced reasonably there will be multiple offers.  In order to compete you’ll need to drop contingencies, be prepared to pay over list and have access to cash to cover the amount that won’t appraise.

Sound familiar?

If you subscribe to this market report you will get it each week and you can follow along in real time to see just how the market is doing!

Part One – Understanding the Basics

Part Two – Interpreting the Price Trends

Part Three – Market Action Index

Part Four – Quartiles

 Bethesda Real Estate and Bethesda Homes for Sale

If you follow along each week it becomes fairly easy to get a good idea of how the market is trending for the active properties.  The key word is "active."

Early on in the spring selling season there are few comps to review for sold properties, but there are homes on the market and if we look at the data in these reports there is a wealth of information available to help us price well.  

In this post, let’s look at the market action section of the report and focus in on what those numbers mean to Bethesda homes for sale in zip code 20816…

The classic market forces of supply and demand are in action here.  Currently there is not enough supply and lots of demand which is contributing to that large spike in the 7 day average and the beginning of a spike in the 90 day average.  You can see the last sustained spike above the black line (which corresponds to a number of 30 on the left side) was in ’07.  And signficantly, the prices we are seeing for closed sales corresponds very closely to those same numbers.

A lot of sellers who didn’t have to sell have waited out this market and so we are seeing that in the under $1M market there are not enough good properties on the market.   A home with 4 bedrooms, a larger yard and priced around $800K is a hot property right now!

If the house is overpriced for the condition it will still get slapped by the market since it’s early in the spring market but the good homes have a definite advantage to getting on market now and taking advantage of perfect selling conditions.  As more inventory comes on we’ll see what happens to price…

If you subscribe to this market report you will get it each week and you can follow along in real time to see just how the market is doing!

Part One – Understanding the Basics

Part Two – Interpreting the Price Trends

Part Three – Market Action Index

Part Four – Quartiles

 Bethesda Real Estate and Bethesda Homes for Sale

If you follow along each week it becomes fairly easy to get a good idea of how the market is trending for the active properties.  The key word is "active."

Early on in the spring selling season there are few comps to review for sold properties, but there are homes on the market and if we look at the data in these reports there is a wealth of information available to help us price well.  

In this post, let’s look at the quartiles section of the report and focus in on what those numbers mean to Bethesda homes for sale in zip code 20816…

These quartiles show only what is currently ACTIVE on the market, not closed sales prices.  Those are different stats and while equally as important both views let us price correctly for the current market conditions.

Each quartile has different trending. I’ve highlighted the lower/third quartile to show that this is pretty active right now.  Days on market are the lowest and more homes have come active and gone under contract.   Close behind is the price range above it with 4 homes under contract last week.  

Current Active/Under Contract Market:

Total active:  39 homes

Total under contract:  23 homes

If you subscribe to this market report you will get it each week and you can follow along in real time to see just how the market is doing!

Part One – Understanding the Basics

Part Two – Interpreting the Price Trends

Part Three – Market Action Index

Part Four – Quartiles

Current 20816 Sales and Under Contracts

 Bethesda Real Estate and Bethesda Homes for Sale

Bethesda is home to a wide variety of housing styles and single family homes in this price range are available in many but all of the neighborhoods.    In this price range there will  be significant upgrades and renovations to the basic space, the kitchen and bathrooms or it was likely a tear down of the original.  the sales in 2009 were completely new homes with the exception of the >$4M sale on MacArthur, which is an exceptional lot with killer views of the river! 2009: For zip code 20816 in Bethesda the total sales in this price range accounted for only 2% of the market in 2009 (out of 173 sales) and accounted for 5% of the total sales volume (out of $167,122,628).  The sellers got to keep 87% of their asking price on average.  But that is a little deceptive:  one of the homes was a new build from a custom builder so it never hit the market.  One was a contemporary that had been overpriced from the beginning but a very cool house.  And the last was a lot.  Still all in all there is room for negotation at this price range.  Uber convenient to downtowns and a hop, skip and jump to the Trails and Canal – put Bethesda on your list today and come see why it’s one of the best places to live! Search for your Dream Home! Search for your Dream Home Bethesda Homes for Sale Bethesda Short Sale Bethesda Foreclosure Bethesda Condos for Sale Bethesda Condo Short Sales Bethesda Condo Foreclosures Bethesda Market Stats Contact Me

Showing properties 1 - 4 of 4. See more Bethesda 20816 over 2M.
(all data current as of 7/29/2010)

1. $2,199,999 : 6507 Brookes Hill Ct, Bethesda
   
   5 beds, 5 full, 1 part baths

   Size: n/a

   Lot size: 11,759 sq ft
2. $7,995,000 : 6450 Brookes Ln, Bethesda
   
   6 beds, 5 full, 1 part baths

   Size: n/a

   Lot size: 4.35 ac
3. $7,100,000 : 10 Wissioming Ct, Bethesda
   
   3 beds, 5 full, 1 part baths

   Size: n/a

   Lot size: 35,658 sq ft
4. $7,950,000 : 24 Wissioming Ct, Bethesda
   
   4 beds, 5 full, 2 part baths

   Size: 10,000 sq ft

   Lot size: 26,938 sq ft

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

What can you buy for under $500K in Bethesda 20816?

What can you buy for $500K-$750K  in Bethesda 20816?

What can you buy for $750K-$1M  in Bethesda 20816?

What can you buy for $1M-$1.25M in Bethesda 20816?

What can you buy for $1.25M-$1.5M in Bethesda 20816?

What can you buy for $1.5M-$2M in Bethesda 20816?

 Bethesda Real Estate and Bethesda Homes for Sale

Bethesda is home to a wide variety of housing styles and single family homes in this price range are available in many but all of the neighborhoods.    In this price range there will  be significant upgrades and renovations to the basic space, the kitchen and bathrooms.  Many were tear downs from the original home. 2009: For zip code 20816 in Bethesda the total sales in this price range accounted for only 6% of the market in 2009 (out of 173 sales) and accounted for 10% of the total sales volume (out of $167,122,628).  The sellers got to keep 89% of their asking price on average.  No homes sold for 100% of their asking price and 5 had at least one price reductions and fairly significant days on market.  Financing is much more difficult in this price range and will delay the sale.  There are only so many buyers who can afford this pricing so the buyer pool shrinks significantly. Uber convenient to downtowns and a hop, skip and jump to the Trails and Canal – put Bethesda on your list today and come see why it’s one of the best places to live! Search for your Dream Home! Search for your Dream Home Bethesda Homes for Sale Bethesda Short Sale Bethesda Foreclosure Bethesda Condos for Sale Bethesda Condo Short Sales Bethesda Condo Foreclosures Bethesda Market Stats Contact Me

Showing properties 1 - 25 of 500+. See more real estate.
(all data current as of 7/29/2010)

1. $590,000 : 1021 Garfield St N #526, Arlington
   
   2 beds, 2 full baths

   Size: 1,231 sq ft

   Lot size: n/a
2. $285,000 : 12114 Stonehenge Dr, Fredericksburg
   
   4 beds, 2 full, 1 part baths

   Size: 2,534 sq ft

   Lot size: 27,328 sq ft
3. $142,000 : 2397 Windsor Park Ct, Waldorf
   
   4 beds, 1 full, 1 part baths

   Size: n/a

   Lot size: 10,497 sq ft
4. $549,900 : 1229 Woods Rd, Westminster
   
   5 beds, 3 full, 1 part baths

   Size: 3,201 sq ft

   Lot size: 4.27 ac
5. $197,000 : 1404 Underwood Rd, Oakland
   
   4 beds, 2 full, 1 part baths

   Size: 2,500 sq ft

   Lot size: 1.16 ac
6. $576,000 : 8502 Little River Turnpike, Annandale
   
   5 beds, 2 full, 1 part baths

   Size: n/a

   Lot size: 10,890 sq ft
7. $325,000 : 617 Yarmouth Ln, Bel Air
   
   3 beds, 3 full, 1 part baths

   Size: 2,982 sq ft

   Lot size: 14,136 sq ft
8. $399,950 : 7656 Summerhill Ct, Lorton
   
   3 beds, 2 full, 1 part baths

   Size: n/a

   Lot size: 7,335 sq ft
9. $249,900 : 8141 Glen Gary Rd, Parkville
   
   3 beds, 2 full baths

   Size: n/a

   Lot size: 4,100 sq ft
10. $235,000 : 5910 Cove Landing Rd #302, Burke
    
    3 beds, 2 full baths

    Size: 1,048 sq ft

    Lot size: n/a
11. $380,000 : 8884 Montjoy Pl, Ellicott City
    
    4 beds, 3 full, 1 part baths

    Size: 2,280 sq ft

    Lot size: 2,034 sq ft
12. $169,900 : 4511 Cornwall Ct, Fredericksburg
    
    3 beds, 2 full, 1 part baths

    Size: 1,448 sq ft

    Lot size: 15,519 sq ft
13. $1,180,000 : 2946 Upton St Nw, Washington
    
    4 beds, 3 full, 1 part baths

    Size: n/a

    Lot size: 3,488 sq ft
14. $345,000 : 3773 Shannons Green Way, Alexandria
    
    3 beds, 2 full, 1 part baths

    Size: n/a

    Lot size: 1,355 sq ft
15. $235,000 : 9110 Bronze Bell Cir, Columbia
    
    3 beds, 1 full, 1 part baths

    Size: n/a

    Lot size: 1,306 sq ft
16. $194,900 : 14620 Wexhall Ter #2-16, Burtonsville
    
    3 beds, 2 full baths

    Size: 1,377 sq ft

    Lot size: n/a
17. $349,900 : 8835 Clinton Dr, Nokesville
    
    4 beds, 2 full, 1 part baths

    Size: 2,352 sq ft

    Lot size: 4.03 ac
18. $165,000 : 5904 Yorkwood Rd, Baltimore
    
    3 beds, 1 full, 1 part baths

    Size: n/a

    Lot size: n/a
19. $299,900 : 2440 Streamview Dr, Waldorf
    
    5 beds, 3 full, 1 part baths

    Size: n/a

    Lot size: 11,111 sq ft
20. $629,000 : 12005 Sawhill Blvd, Spotsylvania
    
    5 beds, 4 full, 1 part baths

    Size: 5,781 sq ft

    Lot size: 42,253 sq ft
21. $645,000 : 11626 Wolfsville Rd, Smithsburg
    
    4 beds, 3 full, 1 part baths

    Size: n/a

    Lot size: 8.48 ac
22. $329,900 : 6401 Woodburn Ave, Elkridge
    
    3 beds, 3 full, 1 part baths

    Size: 2,071 sq ft

    Lot size: 6,000 sq ft
23. $259,900 : 67 Chinquapin Trl, Delta
    
    3 beds, 3 full baths

    Size: n/a

    Lot size: 20,000 sq ft
24. $789,000 : 52 Reef Ct, Montross
    
    3 beds, 2 full, 1 part baths

    Size: 2,985 sq ft

    Lot size: 3.00 ac
25. $699,500 : 1860 Poplar Rd, Annapolis
    
    4 beds, 3 full baths

    Size: n/a

    Lot size: 29,900 sq ft

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

What can you buy for under $500K in Bethesda 20816?

What can you buy for $500K-$750K  in Bethesda 20816?

What can you buy for $750K-$1M  in Bethesda 20816?

What can you buy for $1M-$1.25M in Bethesda 20816?

What can you buy for $1.25M-$1.5M in Bethesda 20816?

What can you buy for over $2M in Bethesda 20816?

Bethesda Real Estate and Bethesda Homes for Sale

Bethesda is home to a wide variety of housing styles and single family homes in this price range are available in many but all of the neighborhoods.    In this price range there will likely be upgrades and renovations to the basic space, the kitchen and bathrooms. 2009: For zip code 20816 in Bethesda the total sales in this price range accounted for 10% of the market in 2009 (out of 173 sales) and accounted for 14% of the total sales volume (out of $167,122,628).  The sellers got to keep 92% of their asking price on average.  There were homes that sold for 100% of their asking price but the larger majority of them had price reductions and fairly significant days on market.  The fact that they were over $1M meant finance issues might be a factor for the buyer pool but even so when they were priced correctly they sold quickly and for 100%, or  very close to it of their asking price. Uber convenient to downtowns and a hop, skip and jump to the Trails and Canal – put Bethesda on your list today and come see why it’s one of the best places to live! Search for your Dream Home! Search for your Dream Home Bethesda Homes for Sale Bethesda Short Sale Bethesda Foreclosure Bethesda Condos for Sale Bethesda Condo Short Sales Bethesda Condo Foreclosures Bethesda Market Stats Contact Me

Showing properties 1 - 2 of 2. See more Bethesda 20816 1.25M-1.5M.
(all data current as of 7/29/2010)

1. $1,290,000 : 6422 Dahlonega Rd, Bethesda
   
   5 beds, 3 full baths

   Size: n/a

   Lot size: 12,003 sq ft
2. $1,449,000 : 5113 Dalecarlia Dr, Bethesda
   
   5 beds, 3 full, 1 part baths

   Size: n/a

   Lot size: 9,385 sq ft

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

What can you buy for under $500K in Bethesda 20816?

What can you buy for $500K-$750K  in Bethesda 20816?

What can you buy for $750K-$1M  in Bethesda 20816?

What can you buy for $1M-$1.25M in Bethesda 20816?

What can you buy for $1.5M-$2M in Bethesda 20816?

What can you buy for over $2M in Bethesda 20816?

Bethesda Real Estate and Bethesda Homes for Sale

Bethesda is home to a wide variety of housing styles and single family homes in this price range are available in many but all of the neighborhoods.    In this price range there will likely be upgrades and renovations to the basic space, the kitchen and bathrooms. 2009: For zip code 20816 in Bethesda the total sales in this price range accounted for 16% of the market in 2009 (out of 173 sales) and accounted for 19% of the total sales volume (out of $167,122,628).  The sellers got to keep 92% of their asking price on average.  There were homes that sold for 100% of their asking price but many of them had price reductions and fairly significant days on market.  The fact that they were over $1M meant finance issues might be a factor for the buyer pool but even so when they were priced correctly they sold quickly and for 100%, or  very close to it of their asking price. Uber convenient to downtowns and a hop, skip and jump to the Trails and Canal – put Bethesda on your list today and come see why it’s one of the best places to live! Search for your Dream Home! Search for your Dream Home Bethesda Homes for Sale Bethesda Short Sale Bethesda Foreclosure Bethesda Condos for Sale Bethesda Condo Short Sales Bethesda Condo Foreclosures Bethesda Market Stats Contact Me

Showing properties 1 - 9 of 9. See more Bethesda 20816 1M-1.25M.
(all data current as of 7/29/2010)

1. $1,185,000 : 5002 Fort Sumner Dr, Bethesda
   
   5 beds, 3 full, 1 part baths

   Size: n/a

   Lot size: 6,000 sq ft
2. $1,050,000 : 10 Avalon Ct, Bethesda
   
   5 beds, 3 full, 1 part baths

   Size: 4,460 sq ft

   Lot size: 6,010 sq ft
3. $1,195,000 : 6018 Overlea Rd, Bethesda
   
   5 beds, 3 full, 1 part baths

   Size: 3,806 sq ft

   Lot size: 8,236 sq ft
4. $1,029,000 : 4425 Chalfont Pl, Bethesda
   
   4 beds, 4 full, 1 part baths

   Size: n/a

   Lot size: 6,291 sq ft
5. $1,050,000 : 5123 Newport Ave, Bethesda
   
   3 beds, 3 full baths

   Size: 2,500 sq ft

   Lot size: 7,616 sq ft
6. $1,100,000 : 5141 Massachusetts Ave Ne #5/21/10, Bethesda
   
   6 beds, 3 full, 2 part baths

   Size: n/a

   Lot size: 15,199 sq ft
7. $1,139,000 : 5217 Westpath Way, Bethesda
   
   3 beds, 2 full, 1 part baths

   Size: n/a

   Lot size: 15,779 sq ft
8. $1,095,000 : 5417 Mohican Rd, Bethesda
   
   3 beds, 2 full baths

   Size: n/a

   Lot size: 1.25 ac
9. $1,195,000 : 6425 Wiscasset Rd, Bethesda
   
   5 beds, 5 full baths

   Size: n/a

   Lot size: 6,147 sq ft

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

What can you buy for under $500K in Bethesda 20816?

What can you buy for $500K-$750K  in Bethesda 20816?

What can you buy for $750K-$1M  in Bethesda 20816?

What can you buy for $1.25M-$1.5M in Bethesda 20816?

What can you buy for $1.5M-$2M in Bethesda 20816?

What can you buy for over $2M in Bethesda 20816?

Bethesda Real Estate and Bethesda Homes for Sale