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Saturday, November 2, 2024

Travilah home prices fall in the first quarter of 2020

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The median sale price of a home sold in the first quarter of 2020 in Travilah fell by $343,000 while total sales increased by 23.8%, according to BlockShopper.com.

From January through March of 2020, there were 26 homes sold, with a median sale price of $912,000 - a 27.3% decrease over the $1,255,000 median sale price for the same period of the previous year. There were 21 homes sold in Travilah in the first quarter of 2019.

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 2020.

The following table compares Travilah to other Montgomery County cities with similar median sales prices in the first quarter of 2020:

CityJan. - Mar. 2020 Home SalesJan. - Mar. 2019 Home Sales% change (Total Home Sales)Jan. - Mar. 2020 Median Sales PriceJan. - Mar. 2019 Median Sales Price% change (Median Sales Price)
Chevy Chase564524.4%$1,213,750$1,190,0002%
Bethesda15913716.1%$991,000$980,0001.1%
Potomac12911116.2%$919,000$875,0005%
Travilah262123.8%$912,000$1,255,000-27.3%
Cabin John12-50%$850,000$1,021,750-16.8%
Darnestown2412100%$767,500$723,7506%
Garrett Park89-11.1%$749,975$665,00012.8%
North Bethesda675326.4%$735,000$711,0003.4%
South Kensington392369.6%$732,000$727,5000.6%
Brinklow110%$699,900$600,00016.7%
North Potomac312334.8%$649,900$670,000-3%

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