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Friday, December 6, 2019

College Street/ Lawrence Avenue home prices fall in the first quarter of 2019

Real Estate

By Local Labs News Service | Apr 7, 2019

Re 8

The median sale price of a home sold in the first quarter of 2019 in College Street/ Lawrence Avenue, a Springfield neighborhood, fell by $30,975 while total sales increased by 250%, according to BlockShopper.com.

From January through March of 2019, there were 14 homes sold, with a median sale price of $27,500 - a 53% decrease over the $58,475 median sale price for the same period of the previous year. There were four homes sold in College Street/ Lawrence Avenue in the first quarter of 2018.

The median sales tax in College Street/ Lawrence Avenue for the most recent year with available data, 2017, was $1,532, approximately 5.6% of the median home sale price for the first quarter of 2019.

The following table compares College Street/ Lawrence Avenue to other Springfield neighborhood with similar median sales prices in the first quarter of 2019:

Neighborhood
Jan. - Mar. 2019 Home Sales
Jan. - Mar. 2018 Home Sales
% change (Total Home Sales)
Jan. - Mar. 2019 Median Sales Price
Jan. - Mar. 2018 Median Sales Price
% change (Median Sales Price)
Route 29/ Route 97
10
15
-33.3%
$54,700
$33,500
63.3%
Route 97/ 9th Street
4
3
33.3%
$50,975
$60,000
-15%
Stanford Avenue/ Fox Bridge Road
24
14
71.4%
$50,470.26
$65,187
-22.6%
Cook Street/ 11th Street
2
3
-33.3%
$45,750
$16,000
185.9%
Grandview
14
16
-12.5%
$38,750
$35,750
8.4%
5th Street/ Griffiths Avenue
13
13
0%
$36,500
$66,748
-45.3%
Cook Street/ Wheeler Avenue
10
13
-23.1%
$29,000
$21,000
38.1%
College Street/ Lawrence Avenue
14
4
250%
$27,500
$58,475
-53%
16th Street/ Ash Street
12
13
-7.7%
$16,000
$29,000
-44.8%
Ash Street/ Wirt Avenue
11
12
-8.3%
$15,000
$42,784.86
-64.9%
Clear Lake Avenue/ 16th Street
3
5
-40%
$15,000
$16,000
-6.3%

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