From July through September of 2019, there were four homes sold, with a median sale price of $310,000 - a 22.8% decrease over the $401,650 median sale price for the same period of the previous year. There were four homes sold in Moores Lake Development in the third quarter of 2018, as well.
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 third quarter of 2019.
The following table compares Moores Lake Development to other Kent County cities with similar median sales prices in the third quarter of 2019:
| City | July - Sept. 2019 Home Sales | July - Sept. 2018 Home Sales | % change (Total Home Sales) | July - Sept. 2019 Median Sales Price | July - Sept. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Village at Chestnut Ridge | 14 | 13 | 7.7% | $334,900 | $332,044 | 0.9% |
| Wind Song Farms | 2 | 2 | 0% | $325,676.50 | $324,790 | 0.3% |
| Dogwood Meadows | 3 | 3 | 0% | $323,653 | $300,000 | 7.9% |
| Garrison Lake Green | 7 | 5 | 40% | $312,000 | $240,000 | 30% |
| Rising Sun-Lebanon | 20 | 22 | -9.1% | $310,000 | $293,500 | 5.6% |
| Moores Lake Development | 4 | 4 | 0% | $310,000 | $401,650 | -22.8% |
| Hickory Ridge | 3 | 5 | -40% | $305,000 | $272,000 | 12.1% |
| Magnolia | 50 | 56 | -10.7% | $302,208.50 | $289,900 | 4.2% |
| Clayton | 68 | 66 | 3% | $273,348.50 | $242,450 | 12.7% |
| Summerfield Village | 1 | 0 | - | $272,000 | $0 | - |
| Brookfield | 1 | 1 | 0% | $271,000 | $195,000 | 39% |
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