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Area Stats From GCAAR Posted September 11th 2014

by GCAAR

Posted by GCAAR September 11, 2014

 

Prices Steady; Sales Decline Across the Region 
Condo and Single-Family Inventory Rises in Both Jurisdictions;
Days on Market Increase in Montgomery County
 
Prices rose slightly for condos and single-family homes in the District of Columbia and Montgomery County in August but inventory continued to rise. Contract and settlements also declined in both jurisdictions.
 
Washington, DC
The average days on market was down 5.1% compared to August 2013. The median price for condos rose 0.2%, with single-family homes increasing by 4.2%. Inventory increased 23% for condos, and 11% for single-family homes. Contracts dropped 8.9% and 6.8% respectively for condos and single-family homes. Settlements also decreased: 16.2% for condos, and 4.3% for single-family homes compared to August 2013.
 
Montgomery County
The average number of days on market was up 12.2% from August 2013. Median condo prices saw a 2.3% increase, and the price of single-family homes rose by 1.9%. The amount of available inventory increased in August, with a 34.3% increase for condos and an 48.4% increase for single-family homes. The number of contracts decreased for condos and single-family homes, 6.7% and 11.9%, respectively. Settlements dropped for condos, 6.3%, and single-family homes, 7%, compared to August 2013.  

New Listing in Potomac! Sparkling Contemporary Split in Bedfordshire!

by Phyllis Wiesenfelder

 

10211 Colebrook Avenue Potomac,  MD  20854 

List Price:  $785,000

Click Here to View the Virtual Tour

Welcome to this picture perfect home on a quiet street in one of Potomac’s most  sought-after neighborhoods, Bedfordshire.  This spacious split level has been  meticulously maintained and tastefully renovated over the years.  It boasts expansive light-filled rooms, cathedral ceilings, and picturesque views. This wonderful residence offers a welcoming entry foyer, large living room with soaring ceilings, elegant dining room, sparkling kitchen with a sun-filled breakfast room, oversized family room with brick fireplace, large bright second family room or bedroom with a bay window, laundry room, and renovated powder room. There are four bedrooms and two full baths on the upper level, including a tasteful master bedroom suite. The lower level includes a large utility room with great storage space and potential for a finished playroom. This lovely home has a beautifully landscaped yard with enchanting flower beds and mature trees, a delightful patio, and an attached two car garage. With its spacious rooms, versatile floor plan and great entertaining flow, this impeccable home offers outstanding space, livability and light.

This home has a superb location convenient to I-270, Potomac Community Center, Cabin John Regional Park, Watts Branch Stream Valley Park, Falls Road Golf Course, Potomac Village Center, and two swim and tennis clubs.
 

New Listing! 3017 OREGON KNOLLS DR NW, WASHINGTON, DC 20015

by Phyllis Wiesenfelder

3017 OREGON KNOLLS DR NW, WASHINGTON, DC 20015

  

Click Here to View the Virtual Tour

List Price:  $1,275,000

Welcome to this sophisticated colonial in a bucolic setting located in one of Washington’s most sought-after neighborhoods, Chevy Chase. Built in 1987, this lovely home has been tastefully renovated and updated over the years. With its grand rooms and high ceilings, appealing architectural details, and great entertaining flow, this unique home offers outstanding space, livability and light. This distinctive home boasts a stunning entry foyer with marble floors, exquisite living room with fireplace, elegant dining room with beautiful views, and a sensational chef’s kitchen open to the inviting family room. There are three bedrooms and two full baths on the upper level, including a luxurious master bedroom suite with an impressive renovated bath, sitting area and huge walk-in closet.  The lower level includes a bright second family room, fourth bedroom, playroom or exercise room, full bath, and wine cellar. There is an enchanting generously sized yard with spectacular views, two delightful flagstone patios, three separate decks, decorative stone walls and accents, a gardener’s bridge over a babbling creek and colorful mature plantings. This property is superbly located near Rock Creek Park, Rock Creek Trail (a walking, jogging, and cycling path), public transportation, the Friendship Height Metro, and Politics and Prose.  It offers speedy access to the Kennedy Center and DC’s newest hot spots and best restaurants.  Enjoy this private oasis.

~~ADDITIONAL AMENITIES:
• Dramatic open light-filled floor plan with soaring 9+ foot ceilings on main level
• Hardwood floors on all three levels
• Alarm system
• Central vacuum system
• Charming flagstone front path and two rear flagstone patios
• Three picturesque decks overlooking private fenced lushly landscaped yard with delightful bridge over babbling creek (Pinehurst Tributary), beautiful mature trees and handsome stone work
• Two car garage with automatic garage doors

SPECIFICS:
• Year Built: 1987
• Lot Size: 11,067 square feet
• Legal Description: Lot 814, Block 2358
• Subdivision: Chevy Chase
• HOA Fee: $1,426 annually which covers trash pick-up and snow removal
*Annual Taxes: $11,103, per MRIS.  Your taxes may vary.

 

 
 

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Photo of Phyllis Wiesenfelder Real Estate
Phyllis Wiesenfelder
Long & Foster Real Estate, Inc.
4650 East West Highway
Bethesda MD 20814
Direct: (301)215-6915
Mobile: (301)529-3896
Fax: Office: 301-907-7600