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Wednesday, November 27, 2024

Southern View home prices fall in the fourth quarter of 2018

Realestate3

The median sale price of a home sold in the fourth quarter of 2018 in Southern View, a Springfield neighborhood, fell by $11,384 while total sales increased by 20%, according to BlockShopper.com.

From October through December of 2018, there were six homes sold, with a median sale price of $44,866 - a 20.2% decrease over the $56,250 median sale price for the same period of the previous year. There were five homes sold in Southern View in the fourth quarter of 2017.

The median sales tax in Southern View for the most recent year with available data, 2017, was $1,174, approximately 2.6% of the median home sale price for the fourth quarter of 2018.

The following table compares Southern View to other Springfield neighborhood with similar median sales prices in the fourth quarter of 2018:

NeighborhoodOct. - Dec. 2018 Home SalesOct. - Dec. 2017 Home Sales% change (Total Home Sales)Oct. - Dec. 2018 Median Sales PriceOct. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Route 54/ Sangamon Ave.4449-10.2%$73,320.50$71,0003.3%
Route 97/ Walnut Street114175%$60,500$49,30422.7%
Stanford Avenue/ Fox Bridge Road171330.8%$50,000$56,458-11.4%
Route 97/ 9th Street112450%$49,000$43,25013.3%
Arlington Heights817-52.9%$45,200$34,00032.9%
Southern View6520%$44,865.78$56,250-20.2%
Grandview167128.6%$42,850$40,0007.1%
Route 29/ Route 971116-31.3%$37,000$53,000-30.2%
Cook Street/ Wheeler Avenue411-63.6%$36,500$14,500151.7%
5th Street/ Griffiths Avenue1718-5.6%$34,561.05$62,750-44.9%
Edwards Street/ 11th Street23-33.3%$34,009.50$19,83971.4%

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