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Saturday, November 23, 2024

German Valley home prices rise in the first half of 2017

Realestate5

The median sale price of a home sold in the first half of 2017 in German Valley rose by $42,750 while total sales increased by 33.3%, according to BlockShopper.com.

From January through June of 2017, there were four homes sold, with a median sale price of $78,250 - a 120.4% increase over the $35,500 median sale price for the same period of the previous year. There were three homes sold in German Valley in the first half of 2016.

The median sales tax in German Valley for the most recent year with available data, 2016, was $2,241, approximately 2.9% of the median home sale price for the first half of 2017.

The following table compares German Valley to other Stephenson County cities in the first half of 2017:

CityJan. - June 2017 Home SalesJan. - June 2016 Home Sales% change (Total Home Sales)Jan. - June 2017 Median Sales PriceJan. - June 2016 Median Sales Price% change (Median Sales Price)
Lake Summerset161414.3%$165,750$114,62544.6%
Pearl City23-33.3%$87,750$38,000130.9%
Lena1727-37%$80,000$80,0000%
German Valley4333.3%$78,250$35,500120.4%
Davis34-25%$74,500$78,500-5.1%
Orangeville25-60%$66,800$69,000-3.2%
Freeport14912816.4%$62,000$57,2508.3%
Winslow110%$60,000$3,1861783.2%
Cedarville610-40%$44,500$73,000-39%
Rock City01-100%$0$92,000-100%
Dakota04-100%$0$44,950-100%

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