Home Buying in Bethesda>Question Details

Jay, Home Buyer in Murti

Is One Bed good investment in Bethesda?

Asked by Jay, Murti Tue Jun 10, 2008

Em thinking of buying a one bed/bath condo, How would price change in short term, mean 5 years from what they have today? Any thouhgts?
Thanks in advance

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If you were farther out to Gaithersburg or Germantown, I would be a lot more skeptical... especially if you are considering a high end/ high sales price condo. It's hard to go wrong in Bethesda, especially if you will live in a very desirable part of Bethesda. There is plenty of inventory and thus plenty of opportunities to find a bargain. Take your time and land yourself a good deal and go for it.
0 votes Thank Flag Link Tue Jun 10, 2008
Jay, no one can forecast the RE Market! However, base on the analysis by different RE economist, I believe the market (Supply and Demand) will be at equilibrium by 2012. We are in uptrend and RE Agents are seeing more transactions then 2007, and we believe or better say I believe 2009 would be much better than 2008.

I believe by 2015 prices will come up at 4% - 8% annually!

0 votes Thank Flag Link Tue Jun 10, 2008
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