MoCoRealEstate

Most Expensive Sales in 2011

January 19th, 2012 Categories: Luxury Homes

The market for luxury homes in Montgomery County rebounded somewhat in 2011.  In 2010, we saw one resale at $10M, then the next four highest sales prices were from $3.7M to $4.oM (here’s the full article).  So how does that compare with 2011?

Here’s the top 5 sales for 2011:

• 5215 Edgemoor Lane, Bethesda – $10M.  This home didn’t hit the open market and had a tax assessment value of $2M.  This is striking example that shows a home’s market value and it’s tax value are often worlds apart.
• 9121 Burdette Road, Bethesda – $5.8M.  Another one that never hit the open market.
• 5630 Wisconsin Avenue #1701, Chevy Chase – $5M.  This penthouse condo in Somerset has over 4,200 square feet of living space.  The condo fee alone is over$ 3,300/month.
• 9000 Burning Tree Road, Bethesda – $4.365M.  New construction in Bethesda.
• 9905 Bentcross Drive, Potomac – $4M.  30,000 square feet of living space with 9 bedrooms, 15 full baths, indoor pool, 6 car garage and more.  Take a peek inside.

Looking at the top five sales in the last three years, 2011 was definitely stronger than 2010 and somewhat comparable to 2009.  We’ll see how 2012 plays out.

 

Posted by Bruce Lemieux

This entry was posted on Thursday, January 19th, 2012 at 3:19 pm and is filed under Luxury Homes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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