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Friday, April 26, 2024

Lake Shore home prices rise in the first quarter of 2017

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The median sale price of a home sold in the first quarter of 2017 in Lake Shore rose by $8,275 while total sales increased by 13.8%, according to BlockShopper.com.

From January through March of 2017, there were 74 homes sold, with a median sale price of $283,175 - a 3% increase over the $274,900 median sale price for the same period of the previous year. There were 65 homes sold in Lake Shore in the first quarter of 2016.

The following table compares Lake Shore to other Anne Arundel County cities with similar median sales prices in the first quarter of 2017:

CityJan. - Mar. 2017 Home SalesJan. - Mar. 2016 Home Sales% change (Total Home Sales)Jan. - Mar. 2017 Median Sales PriceJan. - Mar. 2016 Median Sales Price% change (Median Sales Price)
Patuxent Manor25-60%$292,500$355,000-17.6%
Deale271758.8%$290,000$287,0001%
Whispering Woods20-$289,544.50$0-
Rock Creek Park30-$284,900$0-
Riverwood10-$283,500$0-
Lake Shore746513.8%$283,175$274,9003%
Maryland City4961-19.7%$280,000$252,00011.1%
North River Forest330%$278,000$229,00021.4%
Odenton16213321.8%$277,000$267,6003.5%
Crofton1079710.3%$259,900$285,000-8.8%
Pasadena99106-6.6%$255,000$238,5006.9%

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