From July through September of 2018, there were four homes sold, with a median sale price of $401,650 - a 97.9% increase over the $203,000 median sale price for the same period of the previous year. There were two homes sold in Moores Lake Development in the third quarter of 2017.
The median sales tax in Moores Lake Development for the most recent year with available data, 2015, was $1,302, approximately 0.3% of the median home sale price for the third quarter of 2018.
The following table compares Moores Lake Development to other Kent County cities with similar median sales prices in the third quarter of 2018:
| City | July - Sept. 2018 Home Sales | July - Sept. 2017 Home Sales | % change (Total Home Sales) | July - Sept. 2018 Median Sales Price | July - Sept. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Hunters Ridge | 2 | 2 | 0% | $402,500 | $287,500 | 40% |
| Moores Lake Development | 4 | 2 | 100% | $401,650 | $203,000 | 97.9% |
| Pennwood | 1 | 2 | -50% | $355,000 | $260,000 | 36.5% |
| Village at Chestnut Ridge | 13 | 6 | 116.7% | $332,044 | $266,142.50 | 24.8% |
| Wind Song Farms | 2 | 1 | 100% | $324,790 | $336,381 | -3.4% |
| Voshell Mill | 1 | 4 | -75% | $322,000 | $322,500 | -0.2% |
| Dogwood Meadows | 3 | 4 | -25% | $300,000 | $290,939 | 3.1% |
| Cheswold Farms | 2 | 1 | 100% | $299,000 | $275,000 | 8.7% |
| Rising Sun-Lebanon | 22 | 24 | -8.3% | $293,500 | $237,000 | 23.8% |
| Magnolia | 56 | 43 | 30.2% | $289,900 | $300,000 | -3.4% |
| Brenford | 4 | 4 | 0% | $285,000 | $232,500 | 22.6% |
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