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Rockford Sun

Wednesday, April 24, 2024

Q4 real estate sales report: Candlewick Lake

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Median prices rose in Candlewick Lake over last year, and are up 68.4 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 11 homes sold in Candlewick Lake for a median price of $167,500. That's 242.1 percent higher than median home sale prices for the fourth quarter of 2017.

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

Median property tax for homeowners in Candlewick Lake was $3,374.21 in 2017 according to tax data from that year. That means homeowners pay 6.9 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.

Candlewick Lake real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
66
$99,450
-
2010
30
$70,680
-28.9%
2011
25
$77,538
9.7%
2012
37
$66,381
-14.4%
2013
32
$72,685
9.5%
2014
18
$103,880
42.9%
2015
22
$110,505
6.4%
2016
28
$114,188
3.3%
2017
20
$48,960
-57.1%
2018
11
$167,500
242.1%

Median property tax
Median sale price
Effective property tax rate
2009
$3,555.84
$99,450
3.6%
2010
$3,478.99
$70,680
4.9%
2011
$3,345.61
$77,538
4.3%
2012
$3,028.84
$66,381
4.6%
2013
$3,183.21
$72,685
4.4%
2014
$2,982.01
$103,880
2.9%
2015
$2,855.70
$110,505
2.6%
2016
$3,115.16
$114,188
2.7%
2017
$3,374.21
$48,960
6.9%

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