North Bethesda, MD Market Report – 2/29/12

29 Feb
February 29, 2012

North Bethesda is an unincorporated area that borders Rockville and Bethesda, which is recognized by the Census Bureau as a census-designated place.

The median sales price for homes in North Bethesda, MD for Nov 11 to Jan 12 was $365,000. This represents an increase of 9%, or $30,000, compared to the prior quarter and a decrease of 44.1% compared to the prior year.

Sales prices have appreciated 12.1% over the last 5 years in North Bethesda. The average listing price for North Bethesda homes for sale on Trulia was $494,944 for the week ending Feb 08, which represents an increase of 0.3%, or $1,240, compared to the prior week and a decline of 1.9%, or $9,692, compared to the week ending Jan 18.  Average price per square foot for North Bethesda, MD was $256, a decrease of 20.2% compared to the same period last year.

 

 

North Bethesda is often referred to as Rockville because of shared ZIP Code and prior to the 1990’s the entire area was referred to as Kensington or Rockville. As popularity increases, it seems the area names are becoming more inter-changeable.

Looking for a condo to purchase or rent?  Many new and renovated buildings are in the area including rentals at North Bethesda Market which is the tallest rental building in Montgomery County.

If you are thinking about purchasing a home in North Bethesda, Rockville, Kensington or any other location in Montgomery County please call Avery-Hess, Realtors in Maryland 301-309-2499 or email us at: Rockville@AveryHess.com.  We will be happy to find you a great Agent that specializes in the LOCATION most important to YOU!

Market data and  commentary provided by Kathy Fleskes Managing Broker and Serena Toro.

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