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Friday, November 15, 2024

Garrett Park home prices rise in the second quarter of 2019

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The median sale price of a home sold in the second quarter of 2019 in Garrett Park rose by $35,000 while total sales decreased by 54.5%, according to BlockShopper.com.

From April through June of 2019, there were five homes sold, with a median sale price of $662,000 - a 5.6% increase over the $627,000 median sale price for the same period of the previous year. There were 11 homes sold in Garrett Park in the second quarter of 2018.

The median sales tax in Garrett Park for the most recent year with available data, 2016, was $6,247, approximately 0.9% of the median home sale price for the second quarter of 2019.

The following table compares Garrett Park to other Montgomery County cities with similar median sales prices in the second quarter of 2019:

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Brinklow110%$749,000$650,00015.2%
North Bethesda987924.1%$744,500$724,0002.8%
North Potomac4955-10.9%$732,000$701,0004.4%
Rossmoor21100%$731,167.50$715,0002.3%
Darnestown2526-3.8%$725,000$845,000-14.2%
Garrett Park511-54.5%$662,000$627,0005.6%
Brookeville11837.5%$640,000$712,500-10.2%
Takoma Park483060%$621,000$565,0009.9%
Ashton-Sandy Spring2025-20%$585,000$475,00023.2%
Silver Spring1741608.8%$557,000$537,5003.6%
Olney125129-3.1%$520,000$500,0004%

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