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The Glen Mar Park 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. Wood Acres Elementary is tucked into the neighborhood in such a way to become an integral part of the community. With about 600 students it’s a large school that draws from this neighborhood as well as several others in the 20816 zip code. If you are interested in what school your child would attend in the 20816 zip code you can always check the Montgomery County Public Schools website, enter in the address of the home and all information about the school cluster will be available to you. |
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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… |
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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 |
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Bethesda Real Estate and Bethesda Homes for Sale
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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 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.

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
5812 Massachusetts Avenue, Bethesda, MD 20816I have been previewing a lot of homes this week in the Bethesda real estate market and this one deserved a second look. Since I was last in it, the house is vacant and the floors have been nicely redone. It made a big difference!
There is no disguising that it’s on Mass Ave and that it’s small but Mass Ave can be blunted by the fact there is an access road right in front which offers an offset and extra parking. As well, because Spider Park is literally right next door it’s just so easy to pop over and play! The back yard is really usable with room for playsets and b-b-q areas, nice to have in an area that can be somewhat hilly in the terrain.
It is a small house but for the price it gets you into the Wood Acres school district and into a house that has decent space you can use. There is very little on the market in this price range. The median in Glen Mar Park for 2009 was $729,500. So finding a 3 bedroom with extra space and a bathroom on the main level is great. They tried a price that was too high for the market but should be finding their niche in the current pricing. It’s tough to recover from the price reductions some time…
Location is really superb. There is quick access to two shopping centers with Giant and Safeway, Starbucks galore, The Trail, a bus stop steps away and a school system that is highly regarded.
If you are interested in what kind of offer to make for this home, call me and we can discuss the comps and what price is supported by the recent sales and the current condition of the home
Bethesda Real Estate and Bethesda Homes for Sale
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Bethesda Real Estate and Bethesda Homes for Sale
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.
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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 |
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