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Thursday, November 7, 2024

Southern View home prices fall in May 2018

Realestate3

The median sale price of a home sold in May 2018 in Southern View, a Springfield neighborhood, fell by $31,296 while total sales decreased by 60%, according to BlockShopper.com.

In May 2018, there were two homes sold, with a median sale price of $20,250 - a 60.7% decrease over the $51,546 median sale price for the same period of the previous year. There were five homes sold in Southern View in May 2017.

The median sales tax in Southern View for the most recent year with available data, 2017, was $1,174, approximately 5.8% of the median home sale price for May 2018.

The following table compares Southern View to other Springfield neighborhood with similar median sales prices in May 2018:

NeighborhoodMay 2018 Home SalesMay 2017 Home Sales% change (Total Home Sales)May 2018 Median Sales PriceMay 2017 Median Sales Price% change (Median Sales Price)
Stanford Avenue/ Fox Bridge Road815-46.7%$42,219$36,15016.8%
Grandview68-25%$41,600$61,500-32.4%
16th Street/ Ash Street78-12.5%$38,000$39,492.12-3.8%
Route 97/ 9th Street34-25%$37,900$13,750175.6%
Arlington Heights27-71.4%$37,750$31,00021.8%
Ash Street/ Wirt Avenue770%$22,000$28,000-21.4%
Southern View25-60%$20,250$51,545.79-60.7%
Cook Street/ Wheeler Avenue14-75%$15,000$15,125-0.8%
Cook Street/ 11th Street10-$12,000$0-
Clear Lake Avenue/ 16th Street12-50%$7,000$16,000-56.3%
Edwards Street/ 11th Street10-$1,400$0-

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