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Saturday, April 20, 2024

Q4 real estate sales report: Gold Coast

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Median prices declined in Gold Coast over last year, and are down 28.8 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 125 homes sold in Gold Coast for a median price of $312,500. That's 16.1 percent lower than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, 2 homes in Gold Coast were in foreclosure.

Median property tax for homeowners in Gold Coast was $5,912.90 in 2017 according to tax data from that year. That means homeowners pay 1.6 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.

Gold Coast real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
177
$438,750
-
2010
127
$509,580
16.1%
2011
118
$412,450
-19.1%
2012
194
$446,900
8.4%
2013
212
$426,600
-4.5%
2014
231
$382,660
-10.3%
2015
202
$339,200
-11.4%
2016
176
$414,750
22.3%
2017
197
$372,300
-10.2%
2018
125
$312,500
-16.1%

Median property tax
Median sale price
Effective property tax rate
2009
$4,800.25
$438,750
1.1%
2010
$5,515.77
$509,580
1.1%
2011
$4,854.48
$412,450
1.2%
2012
$5,518.33
$446,900
1.2%
2013
$5,417.40
$426,600
1.3%
2014
$4,368.05
$382,660
1.1%
2015
$4,723.13
$339,200
1.4%
2016
$5,957.23
$414,750
1.4%
2017
$5,912.89
$372,300
1.6%

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