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Sunday, September 29, 2024

Shoreview home prices rise in the second half of 2018

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The median sale price of a home sold in the second half of 2018 in Shoreview rose by $19,950 while total sales decreased by 27.6%, according to BlockShopper.com.

From July through December of 2018, there were 142 homes sold, with a median sale price of $279,950 - a 7.7% increase over the $260,000 median sale price for the same period of the previous year. There were 196 homes sold in Shoreview in the second half of 2017.

The median sales tax in Shoreview for 2018 was $3,962. In 2017, the median sales tax was $3,616. This marks an increase of 9.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.4%.

The following table compares Shoreview to other Ramsey County cities with similar median sales prices in the second half of 2018:

CityJuly - Dec. 2018 Home SalesJuly - Dec. 2017 Home Sales% change (Total Home Sales)July - Dec. 2018 Median Sales PriceJuly - Dec. 2017 Median Sales Price% change (Median Sales Price)
North Oaks2833-15.2%$595,000$607,500-2.1%
Arden Hills56543.7%$397,500$265,00050%
White Bear Beach41300%$382,000$399,900-4.5%
Falcon Heights392556%$298,000$269,90010.4%
White Bear Township77770%$280,000$264,9005.7%
Shoreview142196-27.6%$279,950$260,0007.7%
Bellaire6450%$277,500$254,0009.3%
New Brighton128131-2.3%$266,000$242,3509.8%
Roseville22318719.3%$255,000$250,0002%
Vadnais Heights918211%$252,500$225,25012.1%
Mounds View715139.2%$245,000$210,00016.7%

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