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Sunday, January 26, 2020

Q3 real estate sales report: Inverness

Real Estate

By Local Labs News Service | Feb 8, 2019

Re 4

Median prices rose in Inverness over last year, and are down 13.3 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 19 homes sold in Inverness for a median price of $545,000. That's 9.4 percent higher than median home sale prices for the third quarter of 2017.

In the third quarter, 1 home in Inverness was in foreclosure.

Median property tax for homeowners in Inverness was $13,420.99 in 2017 according to tax data from that year. That means homeowners pay 2.7 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.

Inverness real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
30
$628,875
-
2010
27
$598,500
-4.8%
2011
26
$545,225
-8.9%
2012
43
$545,000
-0%
2013
42
$494,100
-9.3%
2014
31
$516,750
4.6%
2015
57
$503,500
-2.6%
2016
35
$493,500
-2%
2017
40
$498,270
1%
2018
19
$545,000
9.4%

Median property tax
Median sale price
Effective property tax rate
2009
$11,463.82
$628,875
1.8%
2010
$11,704.51
$598,500
2%
2011
$14,597.59
$545,225
2.7%
2012
$13,457.19
$545,000
2.5%
2013
$11,818.43
$494,100
2.4%
2014
$12,674.79
$516,750
2.5%
2015
$12,245.16
$503,500
2.4%
2016
$12,042.63
$493,500
2.4%
2017
$13,420.98
$498,270
2.7%

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