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Wednesday, November 13, 2019

2017 home sales: Ashburn price history

Real Estate

By Local Labs News Service | Apr 9, 2018

Re 5

Historical home sales data show whether price appreciation has outpaced inflation and tax rates. BlockShopper.com has calculated neighborhoods' median sales prices for the past 10 years, adjusting for inflation.

To truly increase, real estate values must grow faster than inflation plus an owner's effective property tax rate - an average appreciation of about 5 percent in Illinois.

According to the U.S. Bureau of Labor Statistics' Consumer Price Index, the U.S. dollar has experienced an average inflation rate of 2.47 percent annually since 2000.

The average effective property tax rate in Illinois was 2.3 percent in 2017, according to the Illinois Policy Institute.

Here's how Ashburn home prices have performed since 2007.

Ashburn historical median home sales
Year
Properties sold (#)
Median sale price (nominal)
Median sale price (real)
Year-over-year change
2007
202
$205,500
$242,490
-
2008
135
$159,000
$178,080
-26.6%
2009
175
$97,000
$110,580
-37.9%
2010
167
$115,000
$128,800
16.5%
2011
177
$95,000
$103,550
-19.6%
2012
187
$91,000
$97,370
-6%
2013
204
$91,000
$95,550
-1.9%
2014
211
$105,000
$108,150
13.2%
2015
213
$129,000
$132,870
22.9%
2016
225
$137,500
$140,250
5.6%
2017
225
$165,000
$165,000
17.6%
Total change in price
-32%

Where sale prices were unavailable, the home's assessed value was substituted.

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