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Friday, April 19, 2024

Q1 real estate sales report: Candlewick Lake

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Median prices rose in Candlewick Lake over last year, and are up 15.2 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 14 homes sold in Candlewick Lake for a median price of $126,000. That's 23.5 percent higher than median home sale prices for the first quarter of 2017.

In the first quarter, there were no foreclosures in Candlewick Lake.

Median property tax for homeowners in Candlewick Lake was $2,945.13 in 2017 according to tax data from that year. That means homeowners pay 2.9 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.

Candlewick Lake real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
38
$109,395
-
2010
46
$88,806
-18.8%
2011
27
$87,575
-1.4%
2012
21
$72,286
-17.5%
2013
32
$75,317
4.2%
2014
27
$83,740
11.2%
2015
20
$90,630
8.2%
2016
10
$91,875
1.4%
2017
19
$102,000
11%
2018
14
$126,000
23.5%

Median property tax
Median sale price
Effective property tax rate
2009
$3,620.84
$109,395
3.3%
2010
$3,434.40
$88,806
3.9%
2011
$3,517.17
$87,575
4%
2012
$2,757.30
$72,286
3.8%
2013
$2,971.98
$75,317
3.9%
2014
$3,097.40
$83,740
3.7%
2015
$3,592.98
$90,630
4%
2016
$3,318.55
$91,875
3.6%
2017
$2,945.12
$102,000
2.9%

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