Highlights on the state of the Bethesda residential real estate market for the month of October 2017: Detached Homes The median sale price for detached properties in October was $950,000 in October, representing a 3.3% increase from September and no change year-over-year (Source: MarketStats by ShowingTime). The average days on market for detached homes sold … Read More
Real Estate & Local News
Amazon Books to Open at Bethesda Row
Bethesda Magazine reports today that e-commerce powerhouse Amazon plans to open a bookstore at 7117 Arlington Road, in the 6,000-square-foot space presently occupied by Urban Country. Amazon currently operates a chain of 13 brick-and-mortar bookstores across the U.S. and is constructing a Georgetown location in addition to the Bethesda store. Before opening at Bethesda Row, … Read More
Bethesda Dean & Deluca Opening Pushed to 2019
The eagerly anticipated opening of gourmet food shop Dean & DeLuca in downtown Bethesda has been pushed back to 2019. Developer JBG Smith had originally planned for a fall 2017 debut, but progress on the store has been stalled by design changes. The project is located at 4749 Bethesda Avenue and is part of a … Read More
Montgomery County’s Top 10 Home Sales in October
1 – 7503 Fairfax Rd, Bethesda, MD 20814 List Price: $5,250,000 Close Price: $5,000,000 2 – 9210 Fox Meadow Ln, Potomac, MD 20854 List Price: $4,000,000 Close Price: $4,000,000 3 – 8512 Country Club Dr, Bethesda, MD 20817 List Price: $3,795,000 Close Price: $3,450,000 4 – 7200 Crail Dr, Bethesda, MD, 20817 List Price: $3,699,000 … Read More
Local Schools Earn Top Spots on Best Global Universities Ranking
U.S. News & World Report released its Best Global Universities report on Tuesday, which ranked 1,250 universities across 74 countries, focusing on schools’ research output. Two schools in Maryland made it into the top 50: Johns Hopkins (#10) and the University of Maryland at College Park (#50). The University of Maryland Baltimore came in at … Read More
Bethesda Chef Serves Over 1 Million Meals in Puerto Rico
Bethesda-based chef and restauranteur Jose Andrés and hundreds of volunteers serving his nonprofit, World Central Kitchen, have delivered over 1 million meals to Puerto Ricans impacted by Hurricane Maria. The island continues to recover from the devastating storm, which wiped out 80% of its agriculture industry as well as the entire power grid. Over 3.5 … Read More
New Report Finds Bethesda Has Highest Rents in Metro Area
According to rental platform Zumper, which analyzed active listings in September across eight metro-area cities, Bethesda is the most expensive location to rent in, with one-bedroom units priced at a median of $2,270 per month. The median rent for a one-bedroom in D.C. was slightly lower, at $2,260 per month. In Arlington, one-bedrooms had a … Read More
Will D.C. Land the New Amazon Headquarters?
Amazon’s announcement that it will build a second headquarters of up to 8 million square feet triggered a fierce bidding competition among several North American cities to win over the Internet retailer. The Washington Post reports today on the four neighborhoods that D.C. will propose as locations for the new headquarters (O’Connell 2017). Option #1: … Read More
Anthropologie to Replace Barnes & Noble at Bethesda Row
Women’s retailer Anthropologie will take over the 37,000-square-foot Barnes & Noble space at Bethesda Row. The bookstore, which has been an anchor of downtown Bethesda since it opened in 1996, announced in March that it had failed to reach agreement on a lease extension with landlord Federal Realty Trust and would close at the end … Read More
Bethesda Real Estate Market Update – September 2017
Detached Homes The median sale price for detached properties was $920,000 in September, representing a 1.1% increase from August and 4.7% decrease year-over-year (Source: MarketStats by ShowingTime). The average days on market for detached homes sold in Bethesda was 50 days, which is 18% lower than the 5-year September average. New contract activity decreased 8.1% … Read More