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March 14, 2011 Bethesda, Charles Goodman, Maket Analysis
Mid-Century Modern Market Heating Up
During the past week, I have seen a major uptick in activity in the local mid-century market. Five of the new mid-century modern listings that came on the market this past week are already under contract, including this custom home by Charles Goodman (pictured above) on more than acre in Bethesda. Listed at $995K, it went under contract in four days. I’m seeing multiple offers and escalation clauses, so buyers need to be armed with pre-approval letters and ready to compete for houses they really want. This is a change from the past few years where homes would linger on the market for months. Today, even homes that need substantial work are going quickly. This is just a brief snapshot of the new spring market. We’ll see if this warming trend continues as the weather heats up.
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I hope it was not sold for a tear down…
Steve – It will not be torn down. Owners spent hundreds of thousands of dollars on the property.
I wonder if it has anything to do with a certain blog that cultivates an appreciation for all things MCM? ;-p I already own my MCM home and I still check this blog regularly…. Keep up the good work, Mike.
I hope so. Thanks for reading.
[…] listings in Virginia, which have actually stayed on the market for a few days. As I mentioned in a recent post, many of the mid-century modern homes I am tracking are going under contract in days and before I […]