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Montgomery News

Wednesday, December 25, 2024

Garrett Park home prices fall in the second half of 2018

Re 12

The median sale price of a home sold in the second half of 2018 in Garrett Park fell by $49,000 while total sales increased by 54.5%, according to BlockShopper.com.

From July through December of 2018, there were 17 homes sold, with a median sale price of $625,000 - a 7.3% decrease over the $674,000 median sale price for the same period of the previous year. There were 11 homes sold in Garrett Park in the second half of 2017.

The median sales tax in Garrett Park for the most recent year with available data, 2016, was $6,247, approximately 1% of the median home sale price for the second half of 2018.

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

CityJuly - Dec. 2018 Home SalesJuly - Dec. 2017 Home Sales% change (Total Home Sales)July - Dec. 2018 Median Sales PriceJuly - Dec. 2017 Median Sales Price% change (Median Sales Price)
Brookeville1011-9.1%$744,500$625,00019.1%
North Bethesda1481424.2%$730,000$694,0005.2%
Darnestown392934.5%$725,000$780,000-7.1%
North Potomac1017632.9%$685,000$662,5003.4%
Laytonsville1620-20%$646,000$637,4001.3%
Garrett Park171154.5%$625,000$674,000-7.3%
Ashton-Sandy Spring492969%$600,000$527,50013.7%
Takoma Park77735.5%$589,000$540,0009.1%
Washington Grove3250%$560,000$515,6128.6%
Rossmoor20-$538,000$0-
Rockville284314-9.6%$537,250$548,500-2.1%

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