Greater Bethesda Is Real Estate Rebound town USA?

Bethesda Real Estate Rebound Town USA?

This will come to no surprise to those of us who live in or around Bethesda, but in cased you missed it, Forbes published the results from a recent “Local Market Monitor (aka LMM), (just another real estate research firm who Forbes put to the task). Some of the other notables included San Diego, Washington DC, San Jose, Austin.

Bethesda Is A County & Another Town?…

Edgemoor, Bethesda Home
A Bethesda home in The Prestigious Edgemoor Neighborhood

…According to LMM, yes we are…I’ll explain, but at its core:  “number crunchers + “talking heads” – “knowledge of area”  =  gross inaccuracies.

I’m just not a fan of news pretending to be news.  Is there value (and some accuracy) with some areas on this list?  I think so.  I know many Austin agents who are seeing uptick and the current median price seems on track.  But the Greater Bethesda area and Washington DC is more difficult to “define”.

As I started reviewing metrics used to determine Bethesda a “real estate rebound capitols” (I thought we were already doing okay by the way!), I noticed some “issues” off the bat.

Let’s review…

“500,000 residents or more”:

Ermmm, Bethesda may be inching towards 60,000, but I live here and I’d be pretty sure if we had another 400,000+ residents.

“…unemployment and job growth rates, as reported by the Bureau of Labor Statistics.

…And That’s Where Bethesda Became GREATER…Way Too GREATER

I found aforementioned Bureau of Labor Statistics data and think I found where Forbes/LMM Started to fail Bethesda…Miserably

Per Bureau of Labor Statistics January 4th 2011 release…

“The largest over-the-year percentage increases in employment among the metropolitan divisions were posted in Bethesda-Rockville-Frederick, Md. (+2.1 percent)”

And this is where it appears “Bethesda was also another City/Town (Rockville) and another County (Frederick)!” This would explain our “population influx” and a reported “Bethesda Median Home Price” of $384,775.

I’m going to save the research for market reports — but for those of you who live out of the area, approximate median home values in Bethesda is  over $700,000.

Combining two “towns” and one County to define Bethesda..Really? 🙂 — I’m truly smiling as I write this…especially at the thought of exactly how much Forbes paid “The” Local Market Monitor.

Just a kind reminder that even The Forbes’ of the world can be ohhh so far off — (I’d actually call it irresponsibly inaccurate). — so trust the Micro-Markets and local analysis. The rest is just fluff.

Bethesda Condos For Sale Over $1 Million

Bethesda Luxury Condos For Sale:

This mini profile highlights all Bethesda Maryland Condos currently on the market with a minimum price of one million dollars.  Enjoy and pelase let me know what real estate lists you’d like to consistently see more of.

I’ve had many  recent “True Modern” requests.  Feel free leave a comment or contact me directly if you’d like to see a neighborhood(s), property type, zip code more commonly see profiled.  I may tell you “that’s not my thing” but at least you tried.  Just kidding — I aim to please and love it when I get feedback.  So if you request it, it will come 🙂

Edgemoor Condos
There are currently no units for sale in the Edgemoor On Arlington, an 8 year old 11 unit Boutique. in Downtown Bethesda...but there will be!

[idx-listings city=”Bethesda” minprice=”1000000″ maxprice=”10000000″ propertytypes=”133″ orderby=”DateAdded” orderdir=”DESC” showlargerphotos=”true”]

To view more Bethesda Condos For Sale, visit our sister site at

3 Most Expensive Homes in Bethesda

Back by popular demand, top Greater Bethesda property lists. This week, just a quick glance at the top 3 most expensive homes for sale in Bethesda. Please note, that GreaterBethesdaOnline has no integrated property search…yet 🙂 What this means? Basically, the list below will link to our “big brother” full featured website, So for those of you who read this post later down the line before it archives, just a kind reminder in advance that these are the 3 most expensive Bethesda homes on the market as of date of this post. And again, this post will take you to another website. Rest assured it’s ours and has a lot fun bells and whistles.

5104 Hampden Lane in Edgemoor (Bethesda)
5104 Hampden Lane didn’t make the list but it’s a great picture!

The Bethesda Top 3 Luxury’ist Homes For Sale

7109 Armat Drive, Bethesda 20817

  • Subdivision: Burning Tree
  • Zip Code: 20817 Parking:
  • Claim to fame: “Country club like grounds, pool, fountain & cabana” in one of the most coveted neighborhoods in Bethesda.

Listing Provided By Long & Foster Real Estate, Inc.

24 Wissioming Court, Bethesda

  • Subdivision: Glen Echo Heights
  • Zip Code: 20816
  • An Extraordinary David Gurney modern with Potomac River views..

Listing Provided By TTR Sotheby’s International Realty

8910 Fernwood Road, Bethesda

  • Subdivision: Bradley Hills Grove
  • Zip Code: 20817
  • Claim to fame: Confession and some “prideful” promotion 🙂 — this one is actually the 5th most expensive but it was too note-worthy to take off such a special list. And it also shows the kind of end product that could be built on a luxury lot we have listed right down the street!

Listing Provided By Long & Foster Real Estate, Inc.

Hope that was relatively enjoyable…now a little bit of language to make sure I’ve covered all bases…have great weeks!

The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX. Properties listed with brokerage firms other than Long & Foster Real Estate Inc. are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers. The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified. All listing information copyright MRIS 2010. Last updated: 2010-12-26 01:57:36

Washington DC Ranked 2nd Most Literate City US?

Washington DC Edged Out By Seatle As “Literacy Town USA”

Congrats Washington DC. And congrats to Dr. Jack Miller who is responsible for a relatively thorough study. I normally argue that the metrics used to measure “city rankings”, are rushed and rife with confounding factors. And this list isn’t a total exception. But Dr. Miller, President Central Connecticut State University, uses “intelligent” parameters to reach his consensus.

Greater Bethesda Maryland Was Left…So Was Madison WI

Well…to be fair, Bethesda is officially “town”…and Bethesda’s population disqualified them anyway (city had to had a population of at least 250,000. But I would’ve loved to have seen us in the mix. Another notable left out of the study was Madison Wisconsin — precluded because of a population just $25,000 short of the minimum $250,000 threshold.

“How” Washington, DC Delivered

Literacy rankings were based of of 6 principal metrics:

  • Bookstores (per 10,000 population)
  • Education Level
  • Internet Resources
  • Library Support, Holdings, and Utilization
  • Newspaper Circulation?Periodical Publishers

>> variables explained in depth

More critque to come — but until then, any thoughts on rankings below?

The 20 “Most Literate” Cities Per Study

  1. Seattle, WA
  2. Washington, DC
  3. Minneapolis, MN
  4. Pittsburgh, PA
  5. Atlanta, GA
  6. Portland, OR
  7. St. Paul, MN
  8. Boston, MA
  9. Cincinnati, OH
  10. Denver, CO

5 Distinctive Bethesda Luxury Homes For Sale

A selection of the finest Bethesda homes for sale in the area.  As diverse, as they are extraordinary…

Luxury Home in Bethesda
Luxury Home in Bethesda

Bethesda Illuminated

Pictures and virtual tours by clicking on the links… 1.  The Bethesda Modern >> 5124 Wissioming Road, Bethesda 20816 2.  And it’s equally impressive little brother >> 10 Wissioming Court, Bethesda 20816 3. The Avenel (yes, there’s a Bethesda Section of Avenel) – “Modern Mansion” – not modern architecturally rather the year it was built. And with nearly 37,000 sq. ft. of interior living space, Mansion may be an understatement >> 7013 Natelli Woods Lane, Bethesda 20817 4. The Arts and Crafts Bethesda “Resort Spa” – How many ways can one enjoy their house? Almost 3 Acres, Pool ,Spa with waterfall, Pool house, Home Theatre, Wine cellar, ,HOME gym, Sauna…I could go on too! >> 8800 Saunders Lane, Bethesda 20817 5. “Estate of Convenience” – You can have your cake and eat it too in Edgemoor…walking distance to downtown Bethesda and the urban core, this 18,000 sq. ft. is the epitome of luxury urban village living. >>7530 Hampden Lane, Bethesda 20814