Happy December! Can you believe this weather?! For those of you eagerly awaiting their East Bethesda update (now housed here–no pun intended), here we go: This week brings one new listing and two price reductions. The market should slow further down over the next 3-4 weeks as many sellers take a time-out for the holidays. We can expect it to pick up again soon after the new year, weather allowing. All in all, while the market has been making steady gains, it’s considered slow given the uptick in the stock market and strong job growth. I’m guessing some buyers are holding off given the uncertainty with the tax plan (which may or may not be soon resolved). Even more buyers, however, are frustrated with the current lack of properties to choose from. So if you are a potential seller considering a holiday launch, this might be a great opportunity!
To see all homes currently for sale in East Bethesda, and to find out why we’re so fond of East Bethesda, scroll down in the box below:
|Recent East Bethesda Sales||Closing Date||Original List Price||Sold Price||Subsidy|
|4617 Glenbrook Parkway||9/8/17||$649,000||$661,000|
|4613 Sleaford Road||9/25/17||$1,729,000||$1,627,000|
|8641 Terrace Garden Way||9/27/17||$1,350,000||$1,050,000|
|8201 Tilbury Street||10/2/17||$899,000||$840,000|
|4628 Chestnut Street||10/12/17||$1,395,000||$1,375,000||$6,750|
|4525 Sleaford Road||10/13/17||$1,149,000||$1,104,500||$4,000|
|4616 North Chelsea Lane||10/27/17||$835,000||$835,000|
|4625 Maple Avenue
|4314 Chestnut Street||12/12/17||$749,900||$759,900|
|4616 Maple Avenue||12/15/17||$1,799,000||$1,700,000|
If you like East Bethesda, you might enjoy reading some of my other posts:
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(East Bethesda home depicted above not currently for sale.)