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North Lake Times

Monday, November 25, 2024

Groveland home prices fall in the third quarter of 2019

Realestate5

The median sale price of a home sold in the third quarter of 2019 in Groveland fell by $16,500 while total sales increased by 21.3%, according to BlockShopper.com.

From July through September of 2019, there were 57 homes sold, with a median sale price of $208,500 - a 7.3% decrease over the $225,000 median sale price for the same period of the previous year. There were 47 homes sold in Groveland in the third quarter of 2018.

The median sales tax in Groveland for the most recent year with available data, 2016, was $1,919, approximately 0.9% of the median home sale price for the third quarter of 2019.

The following table compares Groveland to other Lake County cities with similar median sales prices in the third quarter of 2019:

CityJuly - Sept. 2019 Home SalesJuly - Sept. 2018 Home Sales% change (Total Home Sales)July - Sept. 2019 Median Sales PriceJuly - Sept. 2018 Median Sales Price% change (Median Sales Price)
Clermont280304-7.9%$255,000$235,7508.2%
Sorrento40378.1%$243,500$235,5003.4%
Howey in the Hills1217-29.4%$234,950$184,00027.7%
Minneola3941-4.9%$230,000$223,0003.1%
Mount Dora83795.1%$228,000$200,00014%
Groveland574721.3%$208,500$225,000-7.3%
Lady Lake685133.3%$195,500$200,000-2.3%
Fruitland Park3044-31.8%$195,000$145,75033.8%
Yalaha10911.1%$187,500$230,000-18.5%
Eustis12511112.6%$185,300$176,0005.3%
Grand Island1820-10%$182,500$193,500-5.7%

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