Bethesda Real Estate News & Market Updates for the week of 11/15/2012

 

There are currently 248 Properties currently available in Bethesda Maryland for Montgomery County in Maryland

Other good news overall for the whole country is about foreclosures. .

Realty Trac has reported just recently that foreclosure filings felt to a 5 year low!

We are on our way to recovery

The caveat for homeowners in our area still remain a high probability that their homes are still underwater
Don't expect prices to shoot up to 2005 levels in the near future. .
There is a sense of more disciplined healthy market growth and slow in this case is good for the economy. Home values growth will be directly proportional  at the reluctance of appraisers to increase their opinions and keep them constricted no matter what the buyers want to pay.

I can tell you that we have experienced this first hand in the last 7 days. Two of our closings were halted because of the appraisals coming way too low.


Prices of homes are going up because of the low inventory. .but only for certain price ranges. The luxury real estate remains stable . . but there are fewer people buying homes above the $750,000 and up range.

Mortgage rates at still or near record lows. This is good indication that we are still going upwards and I caution not to expect this to remain as it is. .if you are near teh decision to buy a house, you shoudl do so now.

There is no bottom of the market anymore. . .you'll  have to wait for the next recession if you want to see it again. . .better luck next time!

The  inventory shortage has whipped up a buyer frenzy in our local market. .specially in the lower range properties.
Bidding wars and price increases are coming from all angles. .
From apartment renters that are finding mortgage payments to be LOWER than their monthly rentals
To the lucky ones in position to buy and upgrade their housing.

          

The average increase in home values remains  constant in the Washington Metropolitan Area

In average overall we should see around 7% to 10% total gains from 2011.


Affordability still is an issue in Montgomery County
The median Value of owner-occupied housing in Montgomery County is $482.900
yet
The median per capita  income money is $47,310
Direct data taken  from Census.Gov
That's TEN TIMES the average housing vs income per capita
In Florida the median per capita is around $25,000
Only 5 times that. . buys them a house OVER the median value in Florida (around $125,000)
try doing the same here in Montgomery County and you will be lucky to get a condo at that price.

Our market is dependent in the affordability range. .like it or not


Until we achieve a balanced real estate market in our area. .prices will continue to be stagnant in the high end.

The most dramatic data for October 2012 is the change of SOLD DOLLAR VOLUME
A change of 23.61 %
A great representation in the condition of our local market
As you can see below: 
                                                                                

Search All Bethesda Homes For Sale here

The most expensive active home for sale in Bethesda is:

7224 ARROWOOD ROAD, Bethesda MD 20817

$7,250,000

7224 ARROWOOD ROAD, Bethesda

Absolutely incredible french country masterpiece designed by mark sullenberger and built by sandy spring builders. Unparalleled fi...

  • Beds 7
  • Baths 11.0
  • MLS MC7813271

The least  expensive active home for sale in Bethesda is:

5225 POOKS HILL ROAD Unit #603S, Bethesda MD 20814

$134,900?

5225 POOKS HILL ROAD Unit #603S, Bethesda — Promenade Towers

1 BR w/ newer appliances, ceramic kit flr and ceramic in bath. Needs some TLC, so well-priced w/ 3rd party approval reqd. " As-is...

  • Beds 1
  • Baths 1.0
  • MLS MC7809604
  • SqFt. 630

 

 

Latest Listings in Bethesda Maryland as of 11/15/2012

7224 ARROWOOD ROAD, Bethesda MD 20817

$7,250,000

7224 ARROWOOD ROAD, Bethesda

Absolutely incredible french country masterpiece designed by mark sullenberger and built by sandy spring builders. Unparalleled fi...

  • Beds 7
  • Baths 11.0
  • MLS MC7813271

 

7013 NATELLI WOODS LANE, Bethesda MD 20817

$6,999,999

7013 NATELLI WOODS LANE, Bethesda

Nothing compares! Builder says 35,000 gross sq ft.12 ensuite Bedrms.17 Baths.2-stry master suite.Palatial foyer(37' ceil).6 Kitche...

  • Beds 12
  • Baths 17.0
  • MLS MC7389628
  • SqFt. 35,000

 

7016 NATELLI WOODS LANE, Bethesda MD 20817

$5,995,000?

7016 NATELLI WOODS LANE, Bethesda

Truly spectacular "piece de resistance" by highly acclaimed builder as his personal residence.incredibly designed with imported hi...

  • Beds 6
  • Baths 10.0
  • MLS MC7557744

 

10 WISSIOMING COURT, Bethesda MD 20816

$5,900,000

10 WISSIOMING COURT, Bethesda

Stunning, sophisticated AIA 2008 Award Winning Custom Contemporary designed by Robert Gurney perched on palisades of the Potomac R...

  • Beds 4
  • Baths 8.0
  • MLS MC7884358
  • SqFt. 8,000

 

24 WISSIOMING COURT, Bethesda MD 20816

$5,500,000?

24 WISSIOMING COURT, Bethesda

Huge price reduction on this extraordinary contemporary that's sighted on a private hilltop rd w/river views. This 10,000 sf origi...

  • Beds 4
  • Baths 7.0
  • MLS MC7734183
  • SqFt. 10,000

 

8506 COUNTRY CLUB DRIVE, Bethesda MD 20817

$4,200,000

8506 COUNTRY CLUB DRIVE, Bethesda

many recent upgrades to this elegant home situated on a gorgeous 2 acre lot backing to Congressional Country Club's gold course. M...

  • Beds 6
  • Baths 9.0
  • MLS MC7933028

 

7109 ARMAT DRIVE, Bethesda MD 20817

$3,495,000

7109 ARMAT DRIVE, Bethesda

Incredible french normandy estate home with gated entry + courtyard. Exquisite formal rooms with exquisite custom millwork and uni...

  • Beds 8
  • Baths 10.0
  • MLS MC7803345
  • SqFt. 12,000

 

7107 ARROWOOD ROAD, Bethesda MD 20817

$3,350,000

7107 ARROWOOD ROAD, Bethesda

Superb stone/stucco country manor estate in sought-after Arrowood sited on over 1 ac.lot with exquisite mature plantings and a mag...

  • Beds 6
  • Baths 9.0
  • MLS MC7931175

 

6750 GREENTREE ROAD, Bethesda MD 20817

$3,250,000

6750 GREENTREE ROAD, Bethesda

Smashing & unique renovation of this classic red brick colonial w/ attached guest house. Gourmet kitchen, family room w/ vaulted c...

  • Beds 8
  • Baths 9.0
  • MLS MC7819585

 

6500 BRADLEY BOULEVARD, Bethesda MD 20817

$3,150,000

6500 BRADLEY BOULEVARD, Bethesda

Original "gelman" contemporary on exquisite and unique three and a half acre lot(4 parcels) with guest house, "hollywood" style po...

  • Beds 4
  • Baths 7.0
  • MLS MC7869652

 

8106 MERRICK ROAD, Bethesda MD 20817

$2,999,500?

8106 MERRICK ROAD, Bethesda

EXQUISITE country manor house located in a private enclave of several of the finest homes in Bethesda. The discrete facade opens t...

  • Beds 5
  • Baths 5.0
  • MLS MC7578505

 

7012 BRADLEY BOULEVARD, Bethesda MD 20817

$2,990,000?

7012 BRADLEY BOULEVARD, Bethesda

Elegant custom estate with details unmatched with its dramatic appeal and spectacular entertainment flow. Majestic qualities of th...

  • Beds 7
  • Baths 8.0
  • MLS MC7629787
  • SqFt. 14,711

 

9203 REDWOOD AVENUE, Bethesda MD 20817

$2,950,000

9203 REDWOOD AVENUE, Bethesda

Must see to believe. Location and luxury in 15,000 sq. ft. of elegance and privacy. Marble abounds throughout foyer, formal DR, ki...

  • Beds 7
  • Baths 9.0
  • MLS MC7822641

 

8101 RIVER ROAD Unit #124, Bethesda MD 20817

$2,895,000

8101 RIVER ROAD Unit #124, Bethesda — Quarry Springs

ESTATE CONDOMINIUMS OF QUARRY SPRINGS - 97 residences offering 2400-4500sf of sumptuously appointed single floor living. 10' plus ...

  • Beds 3
  • Baths 4.0
  • MLS MC7961667
  • SqFt. 3,582

 

6430 BRADLEY BOULEVARD, Bethesda MD 20817

$2,895,000

6430 BRADLEY BOULEVARD, Bethesda

ELEGANCE The grandeur of curved rooms overlooking the most spectacular private grounds in Bethesda- almost a 1/2 acre of paradis...

  • Beds 7
  • Baths 10.0
  • MLS MC7853366

 

6817 CAPRI PLACE, Bethesda MD 20817

$2,795,000

6817 CAPRI PLACE, Bethesda

NEW LISTING! Magnificently renovated, 6BR/6.5BA/3-car garage. Approx 8700sf on perfectly sited/fenced approx 1.5 acres. Floor plan...

  • Beds 6
  • Baths 7.0
  • MLS MC7945640

 

5320 WAPAKONETA ROAD, Bethesda MD 20816

$2,700,000

5320 WAPAKONETA ROAD, Bethesda

Superb, elegant custom craftsmanship in this 9300 sq ft home home. High end finishes and a floor plan with entertaining in mind a...

  • Beds 7
  • Baths 7.0
  • MLS MC7946754

 

6501 CURRY MANOR COURT, Bethesda MD 20817

$2,700,000

6501 CURRY MANOR COURT, Bethesda

BEAUTIFUL GATED ESTATE w/6BR/7FB/3HB desgnd for LrgeScale-ModrnLivng! Featrs include: 6 FPs, Grmt Eat-in Kitch w/hi-end applncs, f...

  • Beds 6
  • Baths 10.0
  • MLS MC7937856

 

5602 DURBIN ROAD, Bethesda MD 20814

$2,595,000

5602 DURBIN ROAD, Bethesda

Award winning Tulacro Development Custom Home, 3 yrs young, walk to Bethesda, high end finishes, great mud room, gourmet kitchen, ...

  • Beds 7
  • Baths 7.0
  • MLS MC7946199
  • SqFt. 7,789

 

6616 LYBROOK COURT, Bethesda MD 20817

$2,495,000

6616 LYBROOK COURT, Bethesda

7605 sq ft on 3 fin lvls! NEW home Sandy Spring Builders on 1/2 ac feats 5 BR's, 5 Full & 2 HBA + 3 car garage. Gourmet chef's ki...

  • Beds 5
  • Baths 7.0
  • MLS MC7932180
  • SqFt. 7,605

 

7001 CRAIL DRIVE, Bethesda MD 20817

$2,495,000

7001 CRAIL DRIVE, Bethesda

Designed by the master of Post-modern architecture, Charles Moore, this award-winning home is a must-see. W/ soaring spaces, tons...

  • Beds 5
  • Baths 4.0
  • MLS MC7881174

 

5404 BRADLEY BOULEVARD, Bethesda MD 20814

$2,495,000?

5404 BRADLEY BOULEVARD, Bethesda

Terrific new price! Exquisite 1.45 acres with potential as a site for your new dream home or to renovate existing 1938 classic c...

  • Beds 5
  • Baths 5.0
  • MLS MC7801885
  • SqFt. 3,686

 

9412 ROSEHILL DRIVE, Bethesda MD 20817

$2,375,000?

9412 ROSEHILL DRIVE, Bethesda

Exquisite Luxury Home,approx.9000 sq.ft.located in Bethesda,MD.,7 Luxurious BR Suites w/7 adjoining FB,WIC, Formal LR & DR,2 Story...

  • Beds 7
  • Baths 7.0
  • MLS MC7287728
  • SqFt. 9,000

 

5907 KIRBY ROAD, Bethesda MD 20817

$2,349,000

5907 KIRBY ROAD, Bethesda

Breathtaking new custom home .no details overlooked- extensive mill works through out. 9' & 10' Ceilings ! Expansive kit & fam rm...

  • Beds 7
  • Baths 7.0
  • MLS MC7962001
  • SqFt. 7,173

 

5113 WEHAWKEN ROAD, Bethesda MD 20816

$2,299,000

5113 WEHAWKEN ROAD, Bethesda

Fully Staged by Urban Country! High end custom home by Tulacro Devolpment. 7,400 sq ft of luxury. Elevator,Generator,Patio,Wood Fl...

  • Beds 7
  • Baths 7.0
  • MLS MC7953168
  • SqFt. 9,206

 

6506 BROOKES HILL COURT, Bethesda MD 20816

$2,250,000

6506 BROOKES HILL COURT, Bethesda

Open Sunday 1-3! Stunning Contemporary! Minutes to DC, this 5Bed 5.5Bath has Amazing Sunset Views, a 40' Custom Pool and Tons of...

  • Beds 5
  • Baths 5.0
  • MLS MC7923014

 

9601 MACARTHUR BOULEVARD, Bethesda MD 20817

$2,250,000?

9601 MACARTHUR BOULEVARD, Bethesda

Seller says Sell!!! This 16,000 sq ft home sits on a prominent site at the corner of MacArthur and Mountain Gate. The home is cu...

  • Beds 6
  • Baths 11.0
  • MLS MC7779637
  • SqFt. 16,000

 

6817 HILLMEAD ROAD, Bethesda MD 20817

$2,200,000

6817 HILLMEAD ROAD, Bethesda

sought-after bradley hills neighborhood, with easy access to DC or beltway. unusual 2.3 acre hilltop lot with privacy. elegant tr...

  • Beds 4
  • Baths 5.0
  • MLS MC7948675

 

5120 CAMMACK DRIVE, Bethesda MD 20816

$2,195,000

5120 CAMMACK DRIVE, Bethesda

Masterfully expanded/renovated residence is ideal for entertaining & includes 6,700 sq ft of living enhanced by limestone, marble ...

  • Beds 6
  • Baths 5.0
  • MLS MC7963325
  • SqFt. 6,700

 

9413 BROOKE DRIVE, Bethesda MD 20817

$2,195,000

9413 BROOKE DRIVE, Bethesda

Classic 8,000SF+ Stucco Colonial with finest materials and amenities set on large, corner lot (0.60 acres/26,109 SF). Gracious Rec...

  • Beds 6
  • Baths 8.0
  • MLS MC7936545
  • SqFt. 8,050

 



The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX. Properties listed with brokerage firms other than Real Estate Company. are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers. The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified. All listing information copyright MRIS 2012. Last updated: October 15, 2012

Area Real Estate News & Market Updates for Montgomery County Maryland for October 2012

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Bethesda Real Estate News & Market Updates for the week of 11/15/2012