From July through December of 2019, there were four homes sold, with a median sale price of $310,000 - a 24.6% decrease over the $411,250 median sale price for the same period of the previous year. There were six homes sold in Moores Lake Development in the second half of 2018.
The median sales tax in Moores Lake Development for the most recent year with available data, 2015, was $1,302, approximately 0.4% of the median home sale price for the second half of 2019.
The following table compares Moores Lake Development to other Kent County cities with similar median sales prices in the second half of 2019:
| City | July - Dec. 2019 Home Sales | July - Dec. 2018 Home Sales | % change (Total Home Sales) | July - Dec. 2019 Median Sales Price | July - Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Bowers | 3 | 4 | -25% | $345,000 | $179,500 | 92.2% |
| Dogwood Meadows | 3 | 6 | -50% | $323,653 | $288,505 | 12.2% |
| Village at Chestnut Ridge | 26 | 29 | -10.3% | $317,634 | $331,529 | -4.2% |
| Garrison Lake Green | 12 | 11 | 9.1% | $311,000 | $261,500 | 18.9% |
| Moores Lake Development | 4 | 6 | -33.3% | $310,000 | $411,250 | -24.6% |
| Rising Sun-Lebanon | 40 | 36 | 11.1% | $309,650 | $287,450 | 7.7% |
| Hickory Ridge | 3 | 8 | -62.5% | $305,000 | $262,000 | 16.4% |
| Brenford | 6 | 5 | 20% | $305,000 | $285,000 | 7% |
| Magnolia | 98 | 105 | -6.7% | $301,028 | $289,900 | 3.8% |
| Brookfield | 2 | 3 | -33.3% | $293,000 | $281,000 | 4.3% |
| Wind Song Farms | 6 | 3 | 100% | $290,664.50 | $295,000 | -1.5% |
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