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Tuesday, December 31, 2024

Capitol Park home prices rise in the second quarter of 2020

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The median sale price of a home sold in the second quarter of 2020 in Capitol Park rose by $15,500 while total sales increased by 233.3%, according to BlockShopper.com.

From April through June of 2020, there were 10 homes sold, with a median sale price of $62,500 - a 33% increase over the $47,000 median sale price for the same period of the previous year. There were three homes sold in Capitol Park in the second quarter of 2019.

The median sales tax in Capitol Park for the most recent year with available data, 2015, was $803, approximately 1.3% of the median home sale price for the second quarter of 2020.

The following table compares Capitol Park to other Kent County cities with similar median sales prices in the second quarter of 2020:

CityApr. - June 2020 Home SalesApr. - June 2019 Home Sales% change (Total Home Sales)Apr. - June 2020 Median Sales PriceApr. - June 2019 Median Sales Price% change (Median Sales Price)
Woodside East78-12.5%$156,000$22,250601.1%
Star Hill23-33.3%$153,000$104,00047.1%
Viola15-80%$150,000$179,000-16.2%
Bush Manor24-50%$147,125$201,450-27%
Voshell Cove110%$128,655$145,284-11.4%
Bishops Corner10-$100,000$0-
Woodside30-$87,300$0-
Capitol Park103233.3%$62,500$47,00033%
Star Hill Village10-$52,533$0-
Marydel34-25%$30,000$182,450-83.6%
South Bowers110%$21,150$77,000-72.5%

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