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Saturday, November 23, 2024

Candlewick Lake home prices fall in October 2017

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The median sale price of a home sold in October 2017 in Candlewick Lake fell by $48,000 while total sales decreased by 40%, according to BlockShopper.com.

In October 2017, there were nine homes sold, with a median sale price of $55,000 - a 46.6% decrease over the $103,000 median sale price for the same period of the previous year. There were 15 homes sold in Candlewick Lake in October 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 5.2%.

The following table compares Candlewick Lake to other Boone County cities in October 2017:

CityOct. 2017 Home SalesOct. 2016 Home Sales% change (Total Home Sales)Oct. 2017 Median Sales PriceOct. 2016 Median Sales Price% change (Median Sales Price)
Timberlane14-75%$272,000$252,5007.7%
Caledonia13-66.7%$140,000$67,000109%
Loves Park21100%$90,833.34$235,000-61.3%
Belvidere423135.5%$60,250$115,000-47.6%
Poplar Grove812-33.3%$56,833.34$150,500-62.2%
Candlewick Lake915-40%$55,000$103,000-46.6%
Capron30-$45,000$0-
Garden Prairie02-100%$0$41,000-100%

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