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The Westhaven 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. |
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Available Homes for Sale in Westhaven
Westhaven Market Trends
Homes Sold in Westhaven – Westhaven Home Values
Bethesda Real Estate and Bethesda Homes for Sale
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All the Latest News About...
2009 Year End Sales Summary for Bethesda – 20816
Bethesda Real Estate – Homes for Sale in Bethesda
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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
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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.
Westhaven Median Appreciation
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Overall appreciation since 2000: 78%
Source: MRIS
Information deemed reliable but not guaranteed