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Saturday, September 28, 2024

Caledonia home prices rise in the second half of 2017

Re 11

The median sale price of a home sold in the second half of 2017 in Caledonia rose by $21,500 while total sales decreased by 31.3%, according to BlockShopper.com.

From July through December of 2017, there were 11 homes sold, with a median sale price of $140,000 - a 18.1% increase over the $118,500 median sale price for the same period of the previous year. There were 16 homes sold in Caledonia in the second half of 2016.

The median sales tax in Caledonia for 2017 was $5,728. In 2016, the median sales tax was $5,836. This marks an decrease of 1.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 4.1%.

The following table compares Caledonia to other Boone County cities in the second half of 2017:

CityJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Loves Park2024-16.7%$229,250$232,750-1.5%
Timberlane89-11.1%$162,000$245,000-33.9%
Caledonia1116-31.3%$140,000$118,50018.1%
Poplar Grove4345-4.4%$116,000$151,000-23.2%
Belvidere2131949.8%$115,000$119,500-3.8%
Candlewick Lake57529.6%$114,000$118,000-3.4%
Capron911-18.2%$45,000$95,000-52.6%
Garden Prairie03-100%$0$60,000-100%

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