Quite A Surprise: Rock Creek Forest Market Update
By Catarina Bannier, DC Real Estate The Smart And Fun Way
(Compass)
The 4th Quarter of each year is traditionally the "slowest" in any real estate market, at least in the DC area. It's time to look back and evaluate some trends. Today, we are taking a closer look at the Washington, DC suburb of Rock Creek Forest, the most eastern neighborhood of Chevy Chase, Maryland. To say it outright, the numbers I came up with really surprised me. And not in a bad way! As usual, all numbers for this year--statistics for the first 3 quarters--will be compared to those for the same period in 2009. A total 24 homes sold in the first 9 months of 2010 in Rock Creek Forest--that's a 20% increase over 2009, when only 20 homes closed between January and September. Even more surprising, however, is the increase in settled price. In 2009, the average home sold for $585,8...
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