Computer Geek, Both Buyer and Seller in Potomac, MD

Have list prices increased in Bethesda, since this time last year.

Asked by Computer Geek, Potomac, MD Mon Feb 15, 2010

Please let me know what you are seeing.

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Answers

8
Yes, list prices are up more than 6%. In addition, there are a low number of foreclosures and short sales in Bethesda.

Feel free to contact us if you have a Bethesda MD homes for sale.
2 votes Thank Flag Link Mon Feb 15, 2010
Hi Computer Geek! Are you referring to the sold prices in Bethesda? I am happy to help you. miekeba@heymannrealty.com
0 votes Thank Flag Link Sun Feb 10, 2013
Hey Computer Geek. See what homes in Potomac are selling for by clicking on the link.
0 votes Thank Flag Link Sat Feb 9, 2013
Hi Computer Geek on Potomac, Maryland

List price has nothing to do with the bottom line sale. Any further questions, please feel free to call me at 301.335.4920. We are licensed in Maryland.

ALAN A. REZAIE
0 votes Thank Flag Link Fri Feb 26, 2010
Here is the list/sale ratio for Bethesda:

20814 - 2009 Report:
92% Average
97% Median

20816 - 2009 Report
93% - Average
96% - Median

20817 - 2009 Report
91% - Average
96% - Median

You may be interested in this report:

http://activerain.com/blogsview/1492103/bethesda-20814-year-…

The other two zip codes are in process and should be posted soon. The price quartiles all behave differently so it's important if you are making a decision to sell your home or to purchase in Bethesda that you further refined the look at the pricing.
Web Reference: http://bethesdabuzz.com
0 votes Thank Flag Link Mon Feb 15, 2010
Yes, it's more relevant. What zip code in particular?
Web Reference: http://bethesdabuzz.com
0 votes Thank Flag Link Mon Feb 15, 2010
Okay, perhaps I was not clear in stating my question. I don't want to know the list prices of Active listings, I want to know the list prices of sold homes.

What a home is listed for has less relavance than what it sells for.

Is there much difference between what a home is listed for and what it sells for in Bethesda (median)?
0 votes Thank Flag Link Mon Feb 15, 2010
Actually Bethesda as a whole is tracking below a year ago by about 6%. You can see the ACTIVE trends here:

http://bethesdabuzz.com

The chart at the bottom of the page is live and if you expand it to view 1Yr you'll see the trending for the city as a whole. I am looking at charts that are exclusive to me and not posted on that page and can tell you that:

In the three zip codes of Bethesda, 20817 has active trending that is increasing:
- The bottom quartile is up 6%
- The lower quartile is relatively unchanged
- The upper quartile is up 3%
- The top quartile is up 17%

In the zip code 20814, there are no quartiles that are showing any upward trends but rather an overall 14% drop in active pricing.

In the zip code 20816, there are no upward active trends but rather an overall 10% drop in active pricing.

There are many reasons for the differences... different inventory coming on than last year, reaction to CLOSED not active sales prices for the year, motivation to sell, distress, etc.

Unless these prices result in actual sales that begin to show an upward sold price trend, these may simply hopeful!

For a complete analysis of the market and to get more neighborhood specific detail, I'd need more information. Hope this helps for the overall market...
Web Reference: http://bethesdabuzz.com
0 votes Thank Flag Link Mon Feb 15, 2010
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