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Saturday, November 23, 2024

Lake Holiday home prices rise in the first quarter of 2017

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The median sale price of a home sold in the first quarter of 2017 in Lake Holiday rose by $14,520 while total sales increased by 20%, according to BlockShopper.com.

From January through March of 2017, there were 12 homes sold, with a median sale price of $154,270 - a 10.4% increase over the $139,750 median sale price for the same period of the previous year. There were 10 homes sold in Lake Holiday in the first quarter of 2016.

The median sales tax in Lake Holiday for 2017 was $4,492.58. In 2016, the median sales tax was $4,452.70. This marks an increase of 0.9%. 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 Lake Holiday to other LaSalle County cities with similar median sales prices in the first quarter of 2017:

CityJan. - Mar. 2017 Home SalesJan. - Mar. 2016 Home Sales% change (Total Home Sales)Jan. - Mar. 2017 Median Sales PriceJan. - Mar. 2016 Median Sales Price% change (Median Sales Price)
Millington12-50%$340,000$184,50084.3%
Dayton20-$269,000$0-
Somonauk10-$185,000$0-
North Utica7540%$170,000$149,00014.1%
Tonica330%$170,000$50,000240%
Lake Holiday121020%$154,270$139,75010.4%
Serena110%$148,000$127,50016.1%
Grand Ridge13-66.7%$145,000$110,00031.8%
Sandwich20-$140,000$0-
Sheridan6450%$125,000$212,500-41.2%
Earlville57-28.6%$119,900$112,0007.1%

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