Quantcast

Chambana Sun

Saturday, November 23, 2024

Broadlands home prices fall in the first half of 2017

Re 5

The median sale price of a home sold in the first half of 2017 in Broadlands fell by $49,000 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 $64,000 - a 43.4% decrease over the $113,000 median sale price for the same period of the previous year. There were three homes sold in Broadlands in the first half of 2016.

The median sales tax in Broadlands for 2017 was $1,638. In 2016, the median sales tax was $1,643. This marks an decrease of 0.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.6%.

The following table compares Broadlands to other Champaign County cities with similar median sales prices 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)
Gifford191090%$100,619$142,500-29.4%
Ogden1016-37.5%$100,500$92,0009.2%
Royal23-33.3%$85,750$165,000-48%
Homer18180%$85,000$94,750-10.3%
Sadorus660%$81,000$47,95068.9%
Thomasboro209122.2%$70,700$85,000-16.8%
Broadlands4333.3%$64,000$113,000-43.4%
Rantoul12210911.9%$60,000$49,90020.2%
Ivesdale42100%$49,000$58,500-16.2%
Ludlow51400%$28,000$72,000-61.1%
Penfield16-83.3%$8,500$89,750-90.5%

MORE NEWS