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Friday, April 26, 2024

Andalusia home prices fall in the first quarter of 2017

Realestate077

The median sale price of a home sold in the first quarter of 2017 in Andalusia fell by $47,666.67 while total sales decreased by 16.7%, according to BlockShopper.com.

From January through March of 2017, there were five homes sold, with a median sale price of $38,333.33 - a 55.4% decrease over the $86,000 median sale price for the same period of the previous year. There were six homes sold in Andalusia in the first quarter of 2016.

The median sales tax in Andalusia for 2017 was $2,943.76. In 2016, the median sales tax was $3,006.20. This marks an decrease of 2.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 7.7%.

The following table compares Andalusia to other Rock Island County cities with similar median sales prices in the first quarter of 2017:

CityJan. - Mar. 2017 Home SalesJan. - Mar. 2016 Home Sales% change (Total Home Sales)Jan. - Mar. 2017 Median Sales PriceJan. - Mar. 2016 Median Sales Price% change (Median Sales Price)
Taylor Ridge6520%$55,333.34$218,000-74.6%
Silvis292231.8%$46,000$83,750-45.1%
Reynolds30-$45,000$0-
Carbon Cliff410-60%$42,000$76,500-45.1%
Milan292138.1%$40,333.33$112,000-64%
Andalusia56-16.7%$38,333.33$86,000-55.4%
Moline15313017.7%$34,166.67$83,500-59.1%
Rock Island16012726%$28,500$74,000-61.5%
Coyne Center15-80%$28,333.33$74,375-61.9%
East Moline655518.2%$28,333.33$76,500-63%
Cordova16-83.3%$15,500$245,000-93.7%

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