From January through March of 2017, there were nine homes sold, with a median sale price of $40,000 - a 26.6% decrease over the $54,500 median sale price for the same period of the previous year. There were seven homes sold in Southern View in the first quarter of 2016.
The median sales tax in Southern View for 2017 was $1,173.92. In 2016, the median sales tax was $1,155.70. This marks an increase of 1.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.9%.
The following table compares Southern View to other Springfield neighborhood with similar median sales prices in the first quarter of 2017:
| Neighborhood | Jan. - Mar. 2017 Home Sales | Jan. - Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2017 Median Sales Price | Jan. - Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Route 54/ Sangamon Ave. | 28 | 43 | -34.9% | $61,000 | $61,500 | -0.8% |
| Devereux Heights | 5 | 6 | -16.7% | $60,000 | $139,000 | -56.8% |
| Route 97/ Walnut Street | 8 | 8 | 0% | $47,064.50 | $33,500 | 40.5% |
| Route 97/ 9th Street | 13 | 2 | 550% | $45,000 | $51,000 | -11.8% |
| Edwards Street/ 11th Street | 4 | 4 | 0% | $42,000 | $24,767.50 | 69.6% |
| Southern View | 9 | 7 | 28.6% | $40,000 | $54,500 | -26.6% |
| Arlington Heights | 15 | 8 | 87.5% | $37,000 | $26,526.50 | 39.5% |
| Route 29/ Route 97 | 18 | 11 | 63.6% | $35,750 | $35,500 | 0.7% |
| Grandview | 9 | 10 | -10% | $35,500 | $38,500 | -7.8% |
| Stanford Avenue/ Fox Bridge Road | 15 | 17 | -11.8% | $35,000 | $57,500 | -39.1% |
| 4th Street/ Cook Street | 8 | 8 | 0% | $32,500 | $49,150 | -33.9% |
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