Kensington MD real estate is enjoying significant price appreciation compared with many nearby communities. A Kensington neighborhood (Garrett Park Estates) was recently the subject of a Washington Post neighborhood feature, where proximity to Metro/transportation, great schools and cultural amenities got high marks. The latest data trends analyzed on trulia.com show some impressive home sales price gains.
According to trulia.com, the median sales price for homes in Kensington MD for the period from Aug 10 to Oct 10 2010 was $555,000. This represents an increase of 23.3%, or $105,000, compared to the prior quarter and an increase of 13.7% compared to the prior year.
Sales prices have appreciated 7.2% over the last 5 years in Kensington, trulia.com reports. The average listing price for Kensington homes for sale on Trulia was $808,834 for the week ending Nov 10, which represents an increase of 3.2%, or $25,174, compared to the prior week and an increase of 49.9%, or $269,200, compared to the week ending Oct 20. Average price per square foot for Kensington MD was $350, an increase of 0.6% compared to the same period last year.
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