Chevy Chase, Maryland - Wow!

Chevy Chase, Maryland is certainly one of the premier communities in the greater Metro DC area. As of December 31st, there were 90 homes listed for sale in Chevy Chase, with 27% of these homes priced $1,000,000 - 2,499,999. This past year has shown a reduction of 13.5% of the average sold price (December 2007 vs December 2006)

Average Sold Price: 2007 $ 958,161 - 2006 $ 1,108,262 - 13.54 %
Median Sold Price: 2007 $ 805,000 - 2006 $ 1,050,000 - 23.33 %

Of course, the home prices in Chevy Chase have soared in the past. It is a small, extremely desireable community, which has become a LITTLE more affordable. Of course with the average sale price of $958,161 you get an average house - if you want new, upgraded, larger lots, you truly are at least $1.5 million. But what makes Chevy Chase so special? It is truly beautiful and exclusive. The following is a short history, and some pictures to give you a flavor of the community:

The Town of Chevy Chase is located in Montgomery County, MD, just north of Washington, D.C., with approximately 3000 residents. The Greater Bethesda - Chevy Chase real estate community is home to more than 115,000 people.

In the 1890s, the Chevy Chase Land Company was formed and set the stage for the development of Chevy Chase in the 20th Century. The name can be traced to the Scottish word "chevauchee" which means "border raid," and "chace," meaning hunting grounds. Post-World War I, Chevy Chase saw major development, with incredible growth since the 1990's.
Chevy Chase is a desirable area to work, live and visit, offering quality restaurants, shopping, arts and entertainment. The Bethesda-Chevy Chase area is served by the Metro (subway) system. Just three stops along Metro's Red Line make Chevy Chase easily accessible throughout the D.C. area. Additionally, there are two public bus systems, Metrobus and Ride-On. These buses serve the entire Bethesda, North Bethesda, and Chevy Chase areas.