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Tuesday, November 5, 2024

Shorewood Hills median home prices rose by 71.7% in the first half of 2018

Re 7

The median sale price of a home sold in the first half of 2018 in Shorewood Hills rose by $413,300 while total sales increased by 22.2%, according to BlockShopper.com.

From January through June of 2018, there were 22 homes sold, with a median sale price of $989,800 - a 71.7% increase over the $576,500 median sale price for the same period of the previous year. There were 18 homes sold in Shorewood Hills in the first half of 2017.

The median sales tax in Shorewood Hills for 2018 was $11,449. In 2017, the median sales tax was $11,775. This marks an decrease of 2.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.2%.

The following table compares Shorewood Hills to other Dane County cities with similar median sale prices in the first half of 2018:

CityJan. - June 2018 Home SalesJan. - June 2017 Home Sales% change (Total Home Sales)Jan. - June 2018 Median Sales PriceJan. - June 2017 Median Sales Price% change (Median Sales Price)
Shorewood Hills221822.2%$989,800$576,50071.7%
Maple Bluff342161.9%$665,825$517,50028.7%
Waunakee229240-4.6%$320,000$270,00018.5%
Blue Mounds1217-29.4%$307,500$178,00072.8%
Middleton24621415%$305,000$285,0007%
McFarland1261214.1%$286,592.50$270,0006.1%
Fitchburg36932413.9%$279,900$265,0005.6%
Verona1991885.9%$271,000$280,650-3.4%
Oregon149197-24.4%$253,500$223,90013.2%
DeForest176184-4.3%$253,000$220,70014.6%
Cottage Grove906734.3%$252,500$248,0001.8%

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