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Friday, November 22, 2024

Lake Holiday home prices rise in the fourth quarter of 2017

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The median sale price of a home sold in the fourth quarter of 2017 in Lake Holiday rose by $11,000 while total sales increased by 29.4%, according to BlockShopper.com.

From October through December of 2017, there were 22 homes sold, with a median sale price of $186,500 - a 6.3% increase over the $175,500 median sale price for the same period of the previous year. There were 17 homes sold in Lake Holiday in the fourth 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 2.4%.

The following table compares Lake Holiday to other LaSalle County cities with similar median sales prices in the fourth quarter of 2017:

CityOct. - Dec. 2017 Home SalesOct. - Dec. 2016 Home Sales% change (Total Home Sales)Oct. - Dec. 2017 Median Sales PriceOct. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Tonica16-83.3%$225,000$106,450111.4%
Lake Holiday221729.4%$186,500$175,5006.3%
Sheridan712-41.7%$173,000$176,500-2%
North Utica26-66.7%$165,500$191,000-13.4%
Serena20-$145,000$0-
Earlville68-25%$141,500$140,0001.1%
Leland6520%$111,000$150,000-26%
Oglesby1420-30%$105,875$85,50023.8%
Ottawa93859.4%$97,500$135,000-27.8%
Marseilles231921.1%$97,000$107,000-9.3%
Peru36339.1%$90,250$106,500-15.3%

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