Monday December 21, 2009

Josette Skilling's BETHESDA, MD 20816

Executive Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 992,000 ≠≠
Asking Price Per Square Foot $ 270 ±+
The median list price in BETHESDA, MD 20816 this week is Average Days on Market (DOM) 192 ==
$992,000.
Percent of Properties with Price Decrease 31 %
Percent Relisted (reset DOM) 14 %
Inventory has been tightening and days-on-market increasing
recently. The Market Action Index has been basically flat, not Percent Flip (price increased) 0%
providing strong indication for market conditions. Median House Size (sq ft) 4112
Median Lot Size 6,501 - 8,000 sqft
Median Number of Bedrooms 4.0
Median Number of Bathrooms 4.0

Supply and Demand Market Action Index Strong Buyer's 18.3 ±+

The market has settled in at a relative stasis in inventory and sales ±+ No change == Strong upward trend ≠≠ Strong downward trend
conditions. It's a Buyer's market that has seen prices trend lower.
Expect that consistent up trends in demand will be required before = Slight upward trend ≠ Slight downward trend
price trends change significantly.

Price
Market Action Index Prices in this zip code have been on a downward trend recently
and this week, while essentially flat, doesn't break us out of that
cycle.

Price Trends

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

The Market Action Index answers the question "How's the

Market?" By measuring the current rate of sale versus the
amount of the inventory. Index above 30 implies Seller's
Market conditions. Below 30, conditions favor the buyer.

Quartiles
7-Day Rolling Average 90-Day Rolling Average

Characteristics per Quartile Investigate the market in quartiles -

where each quartile is 25% of homes
ordered by price.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
0.25 - 0.50
Top/First $ 1,895,000 8250 acre 5.0 6.0 48 9 1 0 293 Most expensive 25% of properties

6,501 -
Upper/Second $ 1,185,000 3997 8,000 sqft 4.0 4.0 51 9 0 0 159 Upper-middle 25% of properties

6,501 -
Lower/Third $ 899,000 3445 8,000 sqft 4.0 4.0 49 9 0 0 89 Lower-middle 25% of properties

4,501 -
Bottom/Fourth $ 675,000 6,500 sqft 3.0 2.0 70 9 0 0 227 Least expensive 25% of properties

Josette Skilling | Long & Foster Real Estate, Inc | 301-385-9213

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