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Saturday, September 28, 2024

Taylor Ridge home prices fall in the first half of 2017

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The median sale price of a home sold in the first half of 2017 in Taylor Ridge fell by $65,000 while total sales decreased by 23.1%, according to BlockShopper.com.

From January through June of 2017, there were 10 homes sold, with a median sale price of $110,000 - a 37.1% decrease over the $175,000 median sale price for the same period of the previous year. There were 13 homes sold in Taylor Ridge in the first half of 2016.

The median sales tax in Taylor Ridge for 2017 was $3,604. In 2016, the median sales tax was $3,648. This marks an decrease of 1.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.3%.

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

CityJan. - June 2017 Home SalesJan. - June 2016 Home Sales% change (Total Home Sales)Jan. - June 2017 Median Sales PriceJan. - June 2016 Median Sales Price% change (Median Sales Price)
Coyne Center810-20%$159,500$120,25032.6%
Coal Valley2736-25%$122,900$154,000-20.2%
Port Byron23230%$116,666.67$165,000-29.3%
Taylor Ridge1013-23.1%$110,000$175,000-37.1%
Andalusia131118.2%$100,000$124,500-19.7%
Edgington220%$92,450$116,000-20.3%
Rapids City660%$86,750$125,000-30.6%
Hampton171330.8%$79,666.67$158,000-49.6%
Milan857119.7%$72,000$99,000-27.3%
Hillsdale35-40%$71,000$65,0009.2%
Moline43434725.1%$70,500$91,000-22.5%

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