Quantcast

Lake County Gazette

Wednesday, November 27, 2024

Lakemoor (Lake County) home prices fall in the second half of 2017

Re 13

The median sale price of a home sold in the second half of 2017 in Lakemoor in Lake County fell by $19,340 while total sales increased by 108.3%, according to BlockShopper.com.

From July through December of 2017, there were 25 homes sold, with a median sale price of $175,860 - a 9.9% decrease over the $195,200 median sale price for the same period of the previous year. There were 12 homes sold in Lakemoor in the second half of 2016.

The median sales tax in Lakemoor for 2017 was $6,860. In 2016, the median sales tax was $6,558. This marks an increase of 4.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.9%.

The following table compares Lakemoor to other Lake County cities with similar median sales prices 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)
Gages Lake1108627.9%$193,750$185,0004.7%
Lindenhurst16212529.6%$192,450$200,000-3.8%
Park City92350%$190,000$164,10015.8%
Island Lake27270%$183,000$189,000-3.2%
Harris Corners3250%$180,000$202,317-11%
Lakemoor2512108.3%$175,860$195,200-9.9%
Lotus Woods4333.3%$170,500$46,800264.3%
Mundelein96103-6.8%$168,650$180,000-6.3%
Ingleside Shore685036%$166,550$131,00027.1%
Venetian Village272128.6%$165,900$154,0007.7%
Fox Lake6887-21.8%$163,750$167,600-2.3%
* This story only considers sales data for the part of Lakemoor that is in Lake County.

MORE NEWS