Bethesda houses sitting…
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Anonymous
| There are multiple houses in bounds for Whitman in bethesda that have been sitting for weeks. Granted they’re all $2.5 plus but I feel like a few months ago they all would have sold in days. Are people finally recognizing the absurdity of the market or is it just a small subset that can afford those prices? |
Anonymous
| Mere happenstance. |
Anonymous
| Smart money is betting against the bulls. |
Anonymous
| Law firm layoffs are in full force. Billables are down. Nervous times. |
Anonymous
| Two $2.5m houses near me (Sumner) went on the market 2-3 weeks ago and were under contract in 4 days. Maybe it depends on the specific neighborhood? |
Anonymous
Those are new builds and they are overpriced. ? . |
Anonymous
| Which ones? I’ve seen several in our neighborhood go under contract in days so I think there might be something wrong with those houses and their pricing. There are fewer buyers at the price point. |
Anonymous
|
In Bethesda:
Listed at $2.42 million and went under contract before the open house after multiple offers. https://www.zillow.com/homedetails/5220-Nahant-St-Bethesda-MD-20816/37176378_zpid/ Listed at $2.9 million and went under contract in days. https://www.zillow.com/homedetails/4900-Rockmere-Ct-Bethesda-MD-20816/37181230_zpid/ Listed at $2.9 and went under contract shortly after being listed as “coming soon.” Some houses may be sitting, others are not. I think it is going to take much higher rates or a recession to stall the market in Bethesda. |
Anonymous
|
Sorry, immediate PP here.
Here is the third house I mentioned: https://www.zillow.com/homedetails/7704-Hemlock-St-Bethesda-MD-20817/37182637_zpid/ |
Anonymous
|
OP here.
These are ones sitting near me… 8 DOM (which isn’t long but it would have been under contract in one day a few months ago) https://www.redfin.com/MD/Bethesda/8606-Bradmoor-Dr-20817/home/10662058 9 DOM https://www.redfin.com/MD/Bethesda/5510-Northfield-Rd-20817/home/10646715 14 DOM https://www.redfin.com/MD/Bethesda/6705-Pemberton-St-20817/home/10668732 DOM 17 (I know there was a whole thread on this Tudor- it went hinder contract and is now active again. My guess is the inspection revealed something) https://www.redfin.com/MD/Bethesda/5908-Bradley-Blvd-20814/home/10701660 DOM 36 https://www.redfin.com/MD/Bethesda/5824-Lenox-Rd-20817/home/10668390 DOM 44 https://www.redfin.com/MD/Bethesda/8220-Custer-Rd-20817/home/10646809 There are also a few houses that are $3.5M and up but not ever including those because the buyer market is so tiny… It just seems like this is more inventory this area has had sitting for a while. |
Anonymous
| I’m in CCMD and houses are still going super fast and for above listing. Except a couple of new builds in the $3M range that have been sitting… |
Anonymous
| Crime is getting out of control in MoCo. Bethesda is a crime ridden cesspool. See the video of the Bethesda CVS getting looted? MoCo is in steep decline. |
Anonymous
It's all Ganglandia! |
Anonymous
Yup. And the most recession-sensitive of this crew was the target market for cheesy new builds. |
Anonymous
+100 this whole area is in a steep decline. |