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Sunday, November 24, 2024

The second quarter of 2021: Avenues Mobile Estates experienced a 41.7% drop in median home prices

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The median sale price of a home sold in the second quarter of 2021 in Avenues Mobile Estates fell by $47,500 while total sales increased by 100%, according to BlockShopper.com.

From April through June of 2021, there were eight homes sold, with a median sale price of $66,500 - a 41.7% decrease over the $114,000 median sale price for the same period of the previous year. There were four homes sold in Avenues Mobile Estates in the second quarter of 2020.

The median sales tax in Avenues Mobile Estates for the most recent year with available data, 2019, was $3,477, approximately 5.2% of the median home sale price for the second quarter of 2021.

The following table compares Avenues Mobile Estates to other Lake County cities with similar median sale prices in the second quarter of 2021:

CityApr. - June 2021 Home SalesApr. - June 2020 Home Sales% change (Total Home Sales)Apr. - June 2021 Median Sales PriceApr. - June 2020 Median Sales Price% change (Median Sales Price)
Grand River3250%$165,000$176,250-6.4%
Mentor-on-the-Lake413710.8%$161,500$145,50011%
Eastlake1007729.9%$151,750$124,90021.5%
Willowick1158436.9%$150,000$133,25012.6%
Wickliffe967233.3%$138,000$123,75011.5%
North Madison4748-2.1%$135,000$125,9507.2%
Shoreland23-33.3%$125,250$110,00013.9%
Fairport Harbor181338.5%$117,500$120,000-2.1%
Lane10-$100,000$0-
Painesville on-the-Lake51400%$98,900$110,000-10.1%
Avenues Mobile Estates84100%$66,500$114,000-41.7%

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