Smyrna Landing home prices fall in the second half of 2018

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The median sale price of a home sold in the second half of 2018 in Smyrna Landing fell by $8,875 while total sales decreased by 33.3%, according to BlockShopper.com.

From July through December of 2018, there were four homes sold, with a median sale price of $127,500 – a 6.5% decrease over the $136,375 median sale price for the same period of the previous year. There were six homes sold in Smyrna Landing in the second half of 2017.

The median sales tax in Smyrna Landing for the most recent year with available data, 2015, was $619, approximately 0.5% of the median home sale price for the second half of 2018.

The following table compares Smyrna Landing to other Kent County cities with similar median sales prices in the second half of 2018:

City July – Dec. 2018 Home Sales July – Dec. 2017 Home Sales % change (Total Home Sales) July – Dec. 2018 Median Sales Price July – Dec. 2017 Median Sales Price % change (Median Sales Price)
Felton Heights 6 6 0% $148,081.50 $209,500 -29.3%
Milford 63 58 8.6% $145,299 $127,450 14%
Woodside East 15 9 66.7% $139,000 $78,000 78.2%
Houston 15 18 -16.7% $130,000 $84,174 54.4%
Pine Ridge 2 6 -66.7% $127,562.50 $118,166.50 8%
Smyrna Landing 4 6 -33.3% $127,500 $136,375 -6.5%
Hartly 32 26 23.1% $127,375 $145,500 -12.5%
South Bowers 4 5 -20% $121,999.50 $96,200 26.8%
Rodney Village 20 15 33.3% $118,750 $120,000 -1%
Marydel 15 5 200% $111,000 $155,000 -28.4%
Kenton 8 1 700% $99,375 $199,000 -50.1%


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