All real estate trends are local- When you are reading the Wall Street Journal real estate report or listening to MSNBC quoate national r.e. statistics, don’t panic! All real estate is local and our local market is economically insulated from the severe downturns of say..industry towns (like Detroit). The bethesda area has it’s own market conditions and area characteristics that have protected our real estate values.

Real estate value has always been about location, location, location- Our Bethesda -Chevy Chase area has it!

• Close to Wash. DC dowtown business center
• Home to 2 vibrant business centers ( Friendship Heights and Downtown Bethesda)
• A restaurant and entertainment center with 100 + restaurants, 5 theaters, etc.
• Home to 3 top-ranked high schools and over 15 private schools

Good Jobs and plenty of them- According to GCAAR (Greater Capital Association of Realtors), the Washington Metro area added 50,000 jobs over the past 12 months and 100,000 over the past 2 years. These are goodb paying jobs too which helps to support the homes prices in our area. So, with only a 3% unemployment rate in the DC Metro area, we are experiencing a very tight labor market. Where there are good paying jobs there are always people with the financial ability to buy homes.

You can take a look at the latest sales in Bethesda-Chevy Chase here.

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