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Monday, November 25, 2024

The fourth quarter of 2020: Avenues Mobile Estates experienced a 59.1% drop in median home prices

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The median sale price of a home sold in the fourth quarter of 2020 in Avenues Mobile Estates fell by $101,900 while total sales increased by 250%, according to BlockShopper.com.

From October through December of 2020, there were seven homes sold, with a median sale price of $70,600 - a 59.1% decrease over the $172,500 median sale price for the same period of the previous year. There were two homes sold in Avenues Mobile Estates in the fourth quarter of 2019.

The median sales tax in Avenues Mobile Estates for the most recent year with available data, 2019, was $3,477, approximately 4.9% of the median home sale price for the fourth quarter of 2020.

The following table compares Avenues Mobile Estates to other Lake County cities with similar median sale prices in the fourth quarter of 2020:

CityOct. - Dec. 2020 Home SalesOct. - Dec. 2019 Home Sales% change (Total Home Sales)Oct. - Dec. 2020 Median Sales PriceOct. - Dec. 2019 Median Sales Price% change (Median Sales Price)
Painesville24520519.5%$169,000$142,50018.6%
Willoughby1118629.1%$153,000$155,750-1.8%
Mentor-on-the-Lake392839.3%$152,200$131,862.5015.4%
Willowick836625.8%$139,000$124,45011.7%
North Madison473438.2%$135,000$114,95017.4%
Wickliffe856334.9%$135,000$110,00022.7%
Eastlake82793.8%$126,500$94,00034.6%
Fairport Harbor282133.3%$106,000$119,000-10.9%
Grand River50-$105,000$0-
Painesville on-the-Lake12-50%$89,900$28,000221.1%
Avenues Mobile Estates72250%$70,600$172,500-59.1%

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