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Monday, November 25, 2024

Garrett Park home prices rise in the third quarter of 2018

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The median sale price of a home sold in the third quarter of 2018 in Garrett Park rose by $95,000 while total sales increased by 12.5%, according to BlockShopper.com.

From July through September of 2018, there were nine homes sold, with a median sale price of $725,000 - a 15.1% increase over the $630,000 median sale price for the same period of the previous year. There were eight homes sold in Garrett Park in the third quarter of 2017.

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 third quarter of 2018.

The following table compares Garrett Park to other Montgomery County cities with similar median sales prices in the third quarter of 2018:

CityJuly - Sept. 2018 Home SalesJuly - Sept. 2017 Home Sales% change (Total Home Sales)July - Sept. 2018 Median Sales PriceJuly - Sept. 2017 Median Sales Price% change (Median Sales Price)
Bethesda252260-3.1%$1,027,000$975,7505.3%
Potomac18515519.4%$935,000$910,0002.7%
South Kensington474114.6%$759,990$665,00014.3%
Brookeville58-37.5%$759,000$740,0002.6%
North Bethesda1008222%$737,500$728,0001.3%
Garrett Park9812.5%$725,000$630,00015.1%
North Potomac634153.7%$683,750$639,9006.9%
Ashton-Sandy Spring341888.9%$675,950$592,50014.1%
Darnestown251931.6%$660,000$822,500-19.8%
Laytonsville770%$632,000$690,000-8.4%
Boyds23-33.3%$600,000$365,00064.4%

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