Maryland Real Estate

Fort Sumner Real Estate & Fort Sumner MLS Listings

 

Use Bethesda Dream Home Finders’ search tools below to find condos, single family homes, townhouses, rentals, neighborhoods, and everything in between in the Bethesda areas. The map search featured below will give you every listing in that area - or will show blank if nothing is there.  If you want to expand or modify the search, use the general Search the MLS for Properties above. Enjoy!

Bethesda, 20816 Neighborhoods AU Park Beacon Hill Brookdale Brookmont Crestview Fairway Hills Fort Sumner   Glen Cove Glen Echo Heights Glen Mar Park Greenacres   High Point Mass Ave Hills   Orchardale Spring Hill Springfield   Sumner Tulip Hill Westgate Westhaven Westmoreland Hills Westwood Woodacres   Yorktown Village

 

If you are looking to buy or sell a home here or in one of the other lovely surrounding Bethesda real estate communites, please start your search by calling me, a Bethesda Realtor.  I’m available to help you! Josette Skilling Real Estate Professional Long & Foster Real Estate, Inc. Cell: 301-385-9213 Email: josette.skilling@longandfoster.com

 

All the Latest News About...

Chance for Sale in Bethesda MD Real Estate 20816 - June ‘08

 

The amount of inventory is up 11.6% from last June and the sales are down 7.7%.  The opportunity for sale dropped from last June to this June from 37.7% to 31.2%.  It’s also gone down from last month when it was 37%.   This figure is a nice way to guage how much is selling each month vs the absorption rates.  I find that eyes glaze over whenever I use that stat, but this very real "you only have a one in three chance of selling your house this month" is a better way to understand your competition for sale.

As always this is a broad look at a zip code and not indicative of every neighborhood.  But collectively it’s a great tool to see the relative health of the area.  The county only had a 13.6% chance for sale last month!

 

Chance for Sale in Bethesda MD Real Estate 20816 - May ‘08

Certainly the numbers are moving in the right direction:  inventory was slightly down, sales were slightly up and the chance for sale has climbed from that ugly low in January to 37% last month.  It is down from last year at the same time (when the chance for sale was 49.1%) when inventory was lower and there were also more sales.  Inventory is up 28% and sales are down 3.6%

We’ll be watching for the financial markets to strengthen and for credit to loosen up even further to allow more homeowners to purchase since this chart spans all housing types and price ranges in the zip code.   Compared to the county as a whole this zip code is still faring better since the chance for sale was only 11.2%.  Yikes.

Information is from MRIS and is deemed reliable but not guaranteed.

Chance for Sale in Bethesda, 20816 - April 2008

 

Market Reports for Bethesda Neighborhoods in Zip Code 20816 - 2007

All the neighborhoods in 20816 - single family sales only: 

 

	2007	2007	2006	2007*	2007
Subdivision	# of Sales	DOM	Avg Sold Price	Avg  Sold Price	%  Change from 2006
AU Park	3	15	$1,350,635	$983,333	-27%
Beacon Hill	2	4	$1,273,500	$1,276,050	0%
Brookdale	3	18	$853,333	$1,061,667	24%
Brookmont	5	68	$1,016,250	$1,379,119	36%
Crestview	5	54	$728,227	$552,600	-24%
Fairway Hills	6	41	$754,333	$745,417	-1%
Fort Sumner	1	79	$1,548,000	$1,191,000	-23%
Glen Cove	3	81	$1,001,643	$1,205,167	20%
Glen Echo Heights	19	107	$1,155,303	$1,122,955	-3%
Glen Mar Park	16	74	$819,794	$1,025,750	25%
Greenacres	7	67	$771,660	$914,571	19%
High Point	3	113	$789,000	$1,124,667	43%
Mass Ave Hills	3	54	$816,000	$1,515,000	86%
Springfield	18	17	$1,060,647	$1,185,250	12%
Spring Hill	1	8	–	$1,800,000	–
Sumner	12	47	$1,095,022	$1,045,292	-5%
Tulip Hill	1	3	$1,276,000	$1,210,000	-5%
Westgate	13	47	$881,444	$876,692	-1%
Westhaven	2	140	$1,056,400	$971,750	-8%
Westmoreland Hills	21	38	$1,173,471	$1,365,500	16%
Westwood	4	38	$947,500	$1,499,750	58%
Wood Acres	11	12	$877,543	$917,105	5%
Yorktown	2	27	–	$1,004,500	–
All of 20816	164*	50	$987,264	$1,090,764	10%
* inc 3 sales from other subdivisions not listed

 

 

 Information from MRIS and deemed reliable but not guaranteed

Market Report for Zip Code 20816 - January 2008

For single family homes in Bethesa:

Jan-07			Chg		Jan-08			Chg
Units Sold	12		33%		Units Sold	4		-67%
Sales Volume	$13,569,600		57%		Sales Volume	$4,690,000		-65%
Avg Original List Price	$1,164,950		16%		Avg Original List Price	$1,236,972		6%
Avg List Price at Sale	$1,159,367		19%		Avg List Price at Sale	$1,236,972		7%
Avg Sold Price	$1,130,800		18%		Avg Sold Price	$1,172,500		4%
Avg List/Sale Ratio	97%		2%		Avg List/Sale Ratio	95%		-2%
Median List Price	$949,000		12%		Median List Price	$1,141,944		20%
Median Sold Price	$945,000		11%		Median Sold Price	$1,065,000		13%
Average DOM	40		9%		Average DOM	53		33%

I feel like it’s deja vu all over again!  Look at the drop in volume and units sold.  65% down.   There are:

• 37 active single family homes as of this writing ranging from $549K to $7.5M. 
• 19 properties are under contract, so homes are selling! 
• Days on market (DOM) are high at 116 and this accounts for many properties that are sitting on the market as rebuilds during their construction phase plus the long marketing time needed to get them sold. 

In another report I’ll break this down by housing type and price range which tends to give a little clearer picture of where things stand.  Within the price ranges (under $750K, ~$1M, >$1.5, etc.) we can get a better idea of how a house might perform on the market vs looking at this very broad perspective.

The graph below shows how the relationship of listings to sales looks in a chart.  January to January listings in this zip code are up 23.9% and sales are down 50% (includes townhomes and condos so it’s a bit different than the single family homes listed in the table above).  This trend is mirrored all over the county.

 

 Information from MRIS and deemed reliable but not guaranteed

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