UNDER CONTRACT! Unit #804

This past week unit #804 went under contract in Crescent Plaza. This 732 square foot unit faces Woodmont Avenue and was listed at $385,000.

This unit is one of the Pie shaped units with a more contemporary design. With a dual entry full bath, this floorplan has always been a popular design with buyers.

The contract on this unit is contingent upon review of condo docs until 10/8. I'll share the final sales price once this unit goes to settlement. The last unit of this style to sell was Unit #904. This unit settled for $385,000.

SOLD - Unit # 517 - 1BR / 1BA $ 372,000

Who says the market is slow?

Unit #517 went to settlement on September 22nd. The sales price for this 714 square foot unit was $372,000. ($521 per foot) This unit was only on the market for 26 days which is a good indication that Crescent Plaza is still a hot ticket in Bethesda.

The condo sold for 98% of its list price which was consistent with the last sale in the building. Unit #904 sold in 21 days at $385,000 ($525 per foot) which was within approximately 4% of the initial list price.

The market is good and getting better. There are still a limited number of purchasers looking at any given time. Pricing your unit correctly is still very important. If not priced correctly, the home will languish on the market and ultimately sell for less.