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Tuesday, April 30, 2024

Travilah home prices rise in the first quarter of 2018

Realestate2

The median sale price of a home sold in the first quarter of 2018 in Travilah rose by $15,495 while total sales decreased by 25%, according to BlockShopper.com.

From January through March of 2018, there were 27 homes sold, with a median sale price of $938,000 - a 1.7% increase over the $922,505 median sale price for the same period of the previous year. There were 36 homes sold in Travilah in the first quarter of 2017.

The median sales tax in Travilah for the most recent year with available data, 2016, was $12,745, approximately 1.4% of the median home sale price for the first quarter of 2018.

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

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Chevy Chase3051-41.2%$977,500$1,149,000-14.9%
Bethesda166211-21.3%$954,000$931,0002.5%
Travilah2736-25%$938,000$922,5051.7%
Potomac1079710.3%$870,000$880,000-1.1%
Ashton-Sandy Spring715-53.3%$820,000$525,00056.2%
Cabin John8560%$815,000$705,00015.6%
Brookeville67-14.3%$795,000$675,00017.8%
Rossmoor20-$675,000$0-
Darnestown201717.6%$668,000$664,0000.6%
North Bethesda685036%$657,500$692,000-5%
North Potomac2933-12.1%$654,000$685,000-4.5%

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