Shoreland home prices fall in the first half of 2020

Medium realestate5

The median sale price of a home sold in the first half of 2020 in Shoreland fell by $34,425 while total sales increased by 100%, according to

From January through June of 2020, there were eight homes sold, with a median sale price of $61,525 - a 35.9% decrease over the $95,950 median sale price for the same period of the previous year. There were four homes sold in Shoreland in the first half of 2019.

The median sales tax in Shoreland for the most recent year with available data, 2015, was $2,508, approximately 4.1% of the median home sale price for the first half of 2020.

The following table compares Shoreland to other Lake County cities with similar median sales prices in the first half of 2020:

CityJan. - June 2020 Home SalesJan. - June 2019 Home Sales% change (Total Home Sales)Jan. - June 2020 Median Sales PriceJan. - June 2019 Median Sales Price% change (Median Sales Price)
North Madison7475-1.3%$124,450$117,0006.4%
Avenues Mobile Estates510-50%$113,000$45,500148.4%
Fairport Harbor2539-35.9%$113,000$98,00015.3%
Painesville on-the-Lake12-50%$110,000$81,50035%

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