Rock Creek Forest (Chevy Chase, MD)
(For current statistics, please scroll down to the bottom. For details on 2014 sales, please click here. For earlier sales in RCF, please click here for houses and here for condos and townhouses. Please note that those lists contain homes in both the Chevy Chase and Silver Spring sections of RCF.)
In 2014, 23 houses sold on the Chevy Chase side of Rock Creek Forest (up from 19 in 2013), at prices between $550,000 and $1,552,000 at an average of $804,617. Prices here more or less flattened for several years after the 2006 “crash,” but increased over the past couple of years. (See graph below.)
Rock Creek Forest — situated in the eastern tip of Chevy Chase, Maryland — is a well-defined and conveniently located neighborhood in the close-in DC suburbs. It is bordered by national and county parkland to three sides: the District Line and Rock Creek Park to the south, Ray´s Meadow and the Meadowbrook stables to the west, and the Capital Crescent hiker-biker trail to the north. To the west, its limit is Grubb Road with the Rock Creek Shopping Center (home to the locally famous Parkway Deli, the Takoma-Silver Spring Co-op, a friendly Health Club, a spa, a dry cleaning service and three neighborhood restaurants).
There are about 650 households in single-family homes. The beautifully situated Pool and Tennis Club (membership, if held by a resident owner, can be conveyed to the next owner in a sale), several community interest groups and listserves, a fitness center and several houses of worship with preschool and daycare facilities are the social hubs of the neighborhood. RCF is part of the cluster feeding into Bethesda-Chevy Chase High School — a public high school consistently ranked one of the best in the US which offers an optional International Baccalaureate program to enable students to attend university in Europe or other parts of the world.
Commuters to downtown DC find many fast and easy options: “Ride-On” busses to either the Friendship Heights or Silver Spring Metro stations, regular busses to Bethesda or the Express on 16th Street. By car, downtown DC is quickly reached on (almost) traffic light-free Beach Drive.
RCF Real Estate Sales
We’ve had 23 single family home sales on the Chevy Chase side of RCF last year, which—after several years of declining numbers—seems like a bit of a recovery when you consider that in 2013, there was an all-time low of only 19 closed sales (for perspective: there were 33 sales in 2007).
The more surprising news, however, is that prices continued their climb from the previous three years! The median closed price for a single family home sold in RCF in 2014 increased by 15% over 2013, and the average sold price even more so—an amazing 21%! The latter, of course, is partly owed to the fact that 2014 saw the highest Rock Creek Forest sale ever—a custom-built and updated contemporary on Washington Ave that closed for more than $1.5M.
Inventory still is too low for a balanced market. Sellers are clearly at an advantage here, and those who play the pricing game smartly have the upper hand when it comes to dictating the terms of a transaction. And almost half of all sales last year closed at or above the asking price!
To see what’s on the market in Rock Creek Forest right now, click HERE.
Please call 202-487-7177 or email for more information and a printable neighborhood brochure.