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Spring 2018 Real Estate Market Update Bethesda Chevy Chase and Potomac

Hi, everyone, it’s Brad Rozansky here, and I thought I would do a quick video to update you on our current spring market in Bethesda, Chevy Chase, and Potomac.  I have to say the following; it has been a remarkable spring if you’re lucky enough to have a home priced between $700,000 and $1.4 million.  That market has been absolutely on fire. We’ve seen multiple contracts, we’ve seen properties with escalation clauses, we’ve seen craziness that we haven’t seen in past spring markets.  What’s the reason? I think part of it is interest rates have started to edge up and people wanted to own and they got off the fence.  They decided to either buy or not buy. The other reason is for some reason in this particular spring market we have seen the lack of inventory come on the market which makes houses more valuable.

So my advice is if you’re thinking about selling your home and it is in that price range, please reach out to us immediately to set up an interview so we can help you through that process.

The other price range that is not as strong is the $1,750,000 plus.  If you happen to be in this upper range, watch the rest of the above video to hear our suggestions on what you need to do in our current market conditions.

If you are thinking of selling your home, you don’t want to miss our upcoming home seller’s seminar. You can learn more about our seminar by clicking on the button below.

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