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Monday, November 25, 2024

Candlewick Lake home prices fall in the second half of 2017

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The median sale price of a home sold in the second half of 2017 in Candlewick Lake fell by $4,000 while total sales increased by 9.6%, according to BlockShopper.com.

From July through December of 2017, there were 57 homes sold, with a median sale price of $114,000 - a 3.4% decrease over the $118,000 median sale price for the same period of the previous year. There were 52 homes sold in Candlewick Lake in the second 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 2.5%.

The following table compares Candlewick Lake 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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