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Friday, December 27, 2024

Viola home prices fall in the fourth quarter of 2019

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The median sale price of a home sold in the fourth quarter of 2019 in Viola fell by $21,078 while total sales increased by 50%, according to BlockShopper.com.

From October through December of 2019, there were three homes sold, with a median sale price of $205,922 - a 9.3% decrease over the $227,000 median sale price for the same period of the previous year. There were two homes sold in Viola in the fourth quarter of 2018.

The median sales tax in Viola for the most recent year with available data, 2015, was $670, approximately 0.3% of the median home sale price for the fourth quarter of 2019.

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

CityOct. - Dec. 2019 Home SalesOct. - Dec. 2018 Home Sales% change (Total Home Sales)Oct. - Dec. 2019 Median Sales PriceOct. - Dec. 2018 Median Sales Price% change (Median Sales Price)
Cheswold330%$222,732$265,000-16%
Woodfield24-50%$220,500$228,500-3.5%
Smyrna13312010.8%$213,327$247,900-13.9%
Frederica211190.9%$211,000$220,000-4.1%
Hunters Ridge110%$210,000$275,000-23.6%
Viola3250%$205,922$227,000-9.3%
Brookdale Heights5366.7%$205,000$175,50016.8%
Kenton73133.3%$202,500$68,000197.8%
Hartly1215-20%$202,500$145,00039.7%
Riverview191172.7%$200,000$210,000-4.8%
Milford1935-45.7%$199,995$141,50041.3%

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