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Monday, November 4, 2024

What happened to the median home price in Shorewood Hills during the second half of 2017?

Realestate4

The median sale price of a home sold in the second half of 2017 in Shorewood Hills fell by $19,033 while total sales decreased by 35.9%, according to BlockShopper.com.

From July through December of 2017, there were 25 homes sold, with a median sale price of $540,967 - a 3.4% decrease over the $560,000 median sale price for the same period of the previous year. There were 39 homes sold in Shorewood Hills in the second half of 2016.

The median sales tax in Shorewood Hills for 2017 was $11,775. In 2016, the median sales tax was $11,265. This marks an increase of 4.5%. 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 Shorewood Hills to other Dane County cities with similar median sale 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)
Shorewood Hills2539-35.9%$540,967$560,000-3.4%
Maple Bluff1532-53.1%$400,000$389,6002.7%
Waunakee277309-10.4%$315,000$305,0003.3%
Middleton243300-19%$300,000$275,5008.9%
Cottage Grove95105-9.5%$271,000$260,0004.2%
Fitchburg33225331.2%$269,700$271,000-0.5%
McFarland105978.2%$269,000$258,0004.3%
Windsor15813913.7%$266,500$227,00017.4%
Cross Plains4250-16%$259,500$239,4508.4%
Blue Mounds515-66.7%$248,942$227,4009.5%
Verona21318614.5%$245,000$255,000-3.9%

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