March 14, 2011 Bethesda Maryland, Charles Goodman

Mid-Century Modern Market Heating Up

Bethesda Goodman

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.