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The Woodacres area of Bethesda is a community that has it all! Wonderful older homes – many of which have been renovated extensively – with tree lined streets and a tight knit community. There are multi-generations living here (I should know we live in the house my husband grew up in there!) since the families want their kids to experience the same sense of tradition and community they grew up with. The ~450 homes were built in the 50’s and are a mix of ramblers, splits and colonials, with a preponderance of splits it seems! With recent development happening at a fairly rapid clip, there are now a number of homes well over $2M in the neighborhood. 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 700 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. An active civic association is in place to monitor and respond to the issues within the community. Recently, many trees were marked for removal and the association has been active in getting the word out to the community that the replacements need TLC and just what to expect those replacements to be, according to the county guidelines. |
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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
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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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6005 Welborn Drive, Bethesda, MD 20816I’m previewing the listings in Bethesda and thought I’d share what I see out there…
This house has been on the market for 48 days this time on market and is offered at $799,000. It was previously on the market for 141 days and started at $869,900, reduced to $840,000 and then to $815,000 before it was withdrawn in November of 2007.
It’s located in the very popular neighborhood of Woodacres, where homes generally sell fairly quickly for 98% of list price at a median of $829,000.
I’m sure buyers are wondering what is wrong with the house that it’s taken this long and it’s still not sold. Overall the house is not bad, actually. Terrifc, flat lot with easy access into the front of the house and a pretty big back yard that will hold a swing set or outdoor bar-b-q quite nicely! The three bedrooms upstairs are pretty good sized. The kitchen is where the garage likely was at one point and has an eat in area where the bay window shows on the front picture. It’s great space and once it’s updated will be quite nice. The kitchen currently is a bit dated but you can get that with a lot of the inventory in this neighborhood, zip code even.
A screen porch off the left of the house could be converted into more year round use. And access to the outside is through a first floor 1/2 bath laundry room combo.
Condition on this house is its main problem right now because it’s tenant occupied. I find it’s hard for folks to see past others’ possessions but if you can what you’ll see is a house that has very good potential, in a very sought after neighborhood for Bethesda real estate. I’m a big fan of lots ‘o pictures of houses but this one won’t photograph well currently. If it had been photographed in between tenants in anticipation of a future sale it would be helpful now since buyers dismiss homes that don’t have pictures, unfortunately.
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.
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If you are looking to buy or sell a home in one of the Bethesda real estate communities, please start your search by calling me, a Bethesda Realtor. I’m available to help you! Josette Skilling |
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