Chevy Chase, DC 20015 Market Report, August 2010

By
Real Estate Agent with Marcie Sandalow Evers & Company Real Estate 301.758.4894

Original Source:  Chevy Chase, DC 20015 Market Report, August 2010

Market Watch orange

In August of 2010 there were 15 homes that closed within the month for 20015 Chevy Chase, DC.  This was a decrease of 6 units, as there were 21 homes that closed in August of 2009.

The average list price for homes that closed in August 2009 was $1,050,471
The average list price for homes that closed in August 2010 was $806,178

The average sale price for the homes that closed in August 2009 was $971,566
The average sale price for the homes that closed in August 2010 was $788,118

The average Days on Market for homes that closed in August 2009 was 95 days.
The average Days on Market for homes that closed in August 2010 was 41 days.

25 homes went under contract in 20015 Chevy Chase, DC in the month of August 2010.  The average list price of homes that went under contract was $542,196.  The average Days on Market for these 20015 Chevy Chase, DC  homes was 45 days.

January – December 2008 & 2009 Market Statistics for 20015 Chevy Chase, DC

In 20015 Chevy Chase, DC for the period of January to December 2008 there were 165 properties sold.
In 20015 Chevy Chase, DC for the period of January to December 2009 there were 184 properties sold.

In 20015 Chevy Chase, DC for the period of January to December 2008 the average list price was $944,780, the average sales price was $902,340 and the average Days on Market was 59.7 days.

In 20015 Chevy Chase, DC for the period of January to December 2009 the average list price was $890,522, the average sales price was $842,155 and the average Days on Market was 65.1 days.

So, what does all of this mean?

Wow.  Talk about a slow down!  The average sales price is down about $80K from July, but with only 15 sales, the numbers can get a little screwy.  While there are 25 properties under contract in the month of August, 16 of them are for the new Harrison condo in Friendship Heights. The average price for these units under contract is $410,000, so this will have some impact on future sales prices in 20015- in the downward direction.

July Report
June Report

May Report
April Report


 

Posted by

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Marcie Sandalow is a realtor with Evers & Company Real Estate, Inc. in Chevy Chase, DC.   
With 15+ years in the business, and a sharp understanding of her client's needs, she serves Buyers and Sellers
in and around Bethesda, Chevy Chase, Washington, DC, Kensington, Rockville, Silver Spring and Takoma Park. 

E-mail:  marcie@bccdcrealestate.com
Cell:  301/758-4894

Website:  BCCDCRealEstate.com and DCHouseSmarts.com

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