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Friday, November 15, 2024

Cabin John home prices fall in the second quarter of 2019

Realestate077

The median sale price of a home sold in the second quarter of 2019 in Cabin John fell by $197,343 while total sales decreased by 22.2%, according to BlockShopper.com.

From April through June of 2019, there were seven homes sold, with a median sale price of $944,657 - a 17.3% decrease over the $1,142,000 median sale price for the same period of the previous year. There were nine homes sold in Cabin John in the second quarter of 2018.

The median sales tax in Cabin John for the most recent year with available data, 2016, was $9,587, approximately 1% of the median home sale price for the second quarter of 2019.

The following table compares Cabin John 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)
Travilah3335-5.7%$1,250,000$1,050,00019%
Chevy Chase67653.1%$1,150,000$1,275,000-9.8%
Bethesda248274-9.5%$1,022,500$1,058,000-3.4%
Cabin John79-22.2%$944,657$1,142,000-17.3%
Potomac178184-3.3%$900,000$899,5000.1%
South Kensington60559.1%$800,000$807,000-0.9%
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%

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