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Lake County Gazette

Wednesday, November 27, 2024

Venetian Village home prices rise in the second half of 2017

Re 6

The median sale price of a home sold in the second half of 2017 in Venetian Village rose by $11,900 while total sales increased by 28.6%, according to BlockShopper.com.

From July through December of 2017, there were 27 homes sold, with a median sale price of $165,900 - a 7.7% increase over the $154,000 median sale price for the same period of the previous year. There were 21 homes sold in Venetian Village in the second half of 2016.

The median sales tax in Venetian Village for 2017 was $3,590. In 2016, the median sales tax was $3,675. This marks an decrease of 2.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.2%.

The following table compares Venetian Village 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)
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%
Beach Park1199328%$162,000$143,00013.3%
Channel Lake18175.9%$160,000$96,00066.7%
Lake Catherine16977.8%$157,000$110,00042.7%
Hainesville544325.6%$156,700$126,00024.4%

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