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Thursday, October 17, 2024

Capitol Park home prices fall in the second quarter of 2019

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The median sale price of a home sold in the second quarter of 2019 in Capitol Park fell by $19,000 while total sales decreased by 25%, according to BlockShopper.com.

From April through June of 2019, there were three homes sold, with a median sale price of $47,000 - a 28.8% decrease over the $66,000 median sale price for the same period of the previous year. There were four homes sold in Capitol Park in the second quarter of 2018.

The median sales tax in Capitol Park for the most recent year with available data, 2015, was $803, approximately 1.7% of the median home sale price for the second quarter of 2019.

The following table compares Capitol Park to other Kent County cities with similar median sales prices in the second quarter of 2019:

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Rodney Village7616.7%$143,000$110,30029.6%
Frederica2127-22.2%$139,500$120,19116.1%
Kenton42100%$107,500$155,450-30.8%
Star Hill3250%$104,000$222,450-53.2%
Houston45-20%$103,700$92,00012.7%
Hartly13944.4%$101,500$189,900-46.6%
South Bowers15-80%$77,000$132,000-41.7%
Brookhaven Estates10-$75,000$0-
Woodland Beach41300%$50,000$26,00092.3%
Capitol Park34-25%$47,000$66,000-28.8%
Woodside East810-20%$22,250$141,690-84.3%

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