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View Larger Map The Glen Cove area of Bethesda is a community that has it all!  With access to the downtown areas of Bethesda and DC so close, this neighborhood continues to attract professionals who work in those locations and require top notch schools as well as proximity to work locations.

 

Glen Cove - Bethesda Real Estate, Bethesda Homes for Sale & Glen Cove MLS Listings

 

						What do They Mean? My real estate statistics are based on the last month’s numbers released from the MRIS Multiple Listing Service.  I then calculate averages for price, time on market, list/sale ratio, and chance for sale. The chart below contains the sales that occurred in Glen Cove from 2000 through the present. You’ll note at the bottom of the sales is the current trend data for active and median list prices. If you would like to be kept up to date on the pricing trends, fill out the form in the sidebar to receive the active charts in a very nice executive summary. For a look at the sold data as well, the Market Snapshot can’t be beat and will give you a visual view of the homes and their details – active, under contract and sold. You’ll find that form in the sidebar.
This chart is the most current look at the median price for active inventory – or homes for sale in Bethesda – within the zip code.  Look to this for trends within the neighborhoods…

 

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   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 communities, please start your search by calling me, a Bethesda Realtor.   You can search for all homes for sale in Bethesda by clicking on the search button above. I’m available to help you! Josette Skilling Real Estate Professional Long & Foster Real Estate, Inc. Cell: 301-385-9213 Email: j.skilling@verizon.net http://bethesdabuzz.com

 

  Bethesda Real Estate and Bethesda Homes for Sale

All the Latest News About...

2009 Year End Sales Summary for Bethesda – 20816

Bethesda Real Estate – Homes for Sale in Bethesda

 

ACTIVE LISTINGS in Bethesda – 20816

Price continues to trend upwards in the active listings – or homes for sale in Bethesda – but it has not translated yet to sold prices achieving gains in average or median price.  The inventory is still on a downward trend from the past but the days on market are not matching the same trend.  The buyer demand is not heavy enough yet to tip the balance into more of a seller’s market.

 

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 Bethesda Real Estate and Bethesda Homes for Sale

December 2009 – 20816 Monthly Stats

SOLD Listings in Bethesda – 20816

December of 2009 was  a busy month.  The units sold volume was up by 50% as you can see and sales volume was way up as well.  A lot of homes went under contract at the end of the year.  Median price was flat from 2008 but average sold price was up – seven of the homes sold that month were over $1.1M which improved the average price.  In the same time frame last year there were only 3 homes sold over $1M. 
 

The median sold price is still the better statistic to watch for a general trend.

 

ACTIVE LISTINGS in Bethesda – 20816

Price continues to trend upwards in the active listings but it has not translated yet to sold prices achieving gains in average or median price.  The inventory is still on a downward trend from the past but the days on market are not matching the same trend.  The buyer demand is not heavy enough yet to tip the balance.

 

 

 

 

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Bethesda Real Estate and Bethesda Homes for Sale

2009 Yearly Statistics for Bethesda 20816 Neighborhoods

 

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Bethesda Real Estate and Bethesda Homes for Sale

November 2009 Real Estate Stats for Bethesda, 20816

 

Information source MRIS, deemed reliable but not guaranteed…

November taken just from this chart looks abysmal.  But rolled up for the year, the median price is only down about 5%.  Not so bad if you thought it was 39% down.  That’s one of the reasons this month over month look can be deceptive and really too narrow to look at as definitive.  I prefer to keep a rolling average of the year to date so I can look back over the years and see if this season is in fact much different than previous year’s seasons as a whole.  I also prefer median price over average because it doesn’t take much in a zip code that is being remodeled or rebuilt fairly heavily to skew the data upwards.  Same holds true for some of the smaller homes that might be gobbled up to create a new home and that will skew the average downwards…

The active inventory in November was much lower than before and that becomes the trend to watch.  If it continues and buyer demand starts heading upwards we might see price stabilize in an upward trend. 

If you are looking to buy or sell a home in one of the 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 Fax: 240-465-2168 Email: j.skilling@verizon.net http://bethesdabuzz.com

 

Glen Cove Median Appreciation

Overall appreciation since 2000: 55%

Source:  MRIS
Information deemed reliable but not guaranteed

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