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Maryland State Wire

Friday, November 22, 2024

Mayo home prices fall in the first quarter of 2018

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The median sale price of a home sold in the first quarter of 2018 in Mayo fell by $34,000 while total sales increased by 28.6%, according to BlockShopper.com.

From January through March of 2018, there were 27 homes sold, with a median sale price of $360,000 - a 8.6% decrease over the $394,000 median sale price for the same period of the previous year. There were 21 homes sold in Mayo in the first quarter of 2017.

The following table compares Mayo to other Anne Arundel 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)
Parole6272-13.9%$377,750$376,5000.3%
Woods Landing21100%$375,000$365,0002.7%
Green Gables110%$365,000$549,900-33.6%
Riviera Isle21100%$363,500$337,0007.9%
Cape St. Claire2728-3.6%$362,000$326,00011%
Mayo272128.6%$360,000$394,000-8.6%
Jessup37-57.1%$359,900$327,9009.8%
North River Forest23-33.3%$359,000$278,00029.1%
Briarwood330%$350,000$355,000-1.4%
Greenwood Acres12-50%$350,000$374,750-6.6%
Edgewater3849-22.4%$347,500$315,00010.3%

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