Anonymous wrote: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.

+100 this whole area is in a steep decline.

Anonymous wrote:Law firm layoffs are in full force. Billables are down. Nervous times.

Yup. And the most recession-sensitive of this crew was the target market for cheesy new builds.

Anonymous wrote: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.

It's all Ganglandia!

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.

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…

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.

Sorry, immediate PP here.

Here is the third house I mentioned:

https://www.zillow.com/homedetails/7704-Hemlock-St-Bethesda-MD-20817/37182637_zpid/

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.

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 wrote: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?

Those are new builds and they are overpriced. ? .

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?

Law firm layoffs are in full force. Billables are down. Nervous times.

Smart money is betting against the bulls.

Mere happenstance.

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?