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Monday, December 23, 2024

Candlewick Lake home prices fall in the first half of 2017

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The median sale price of a home sold in the first half of 2017 in Candlewick Lake fell by $10,000 while total sales increased by 11.4%, according to BlockShopper.com.

From January through June of 2017, there were 49 homes sold, with a median sale price of $100,000 - a 9.1% decrease over the $110,000 median sale price for the same period of the previous year. There were 44 homes sold in Candlewick Lake in the first half of 2016.

The median sales tax in Candlewick Lake for 2017 was $2,855. In 2016, the median sales tax was $2,980. This marks an decrease of 4.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.9%.

The following table compares Candlewick Lake to other Boone County cities in the first half of 2017:

CityJan. - June 2017 Home SalesJan. - June 2016 Home Sales% change (Total Home Sales)Jan. - June 2017 Median Sales PriceJan. - June 2016 Median Sales Price% change (Median Sales Price)
Caledonia811-27.3%$365,000$220,00065.9%
Timberlane910-10%$290,000$307,000-5.5%
Loves Park712-41.7%$265,000$216,00022.7%
Poplar Grove4244-4.5%$150,250$152,250-1.3%
Belvidere181195-7.2%$150,000$118,50026.6%
Garden Prairie10-$134,000$0-
Candlewick Lake494411.4%$100,000$110,000-9.1%
Capron7540%$95,000$88,0008%

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