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Wednesday, November 27, 2024

Victoria home prices rise in the first half of 2018

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The median sale price of a home sold in the first half of 2018 in Victoria rose by $28,000 while total sales decreased by 23.3%, according to BlockShopper.com.

From January through June of 2018, there were 79 homes sold, with a median sale price of $425,000 - a 7.1% increase over the $397,000 median sale price for the same period of the previous year. There were 103 homes sold in Victoria in the first half of 2017.

The median sales tax in Victoria for 2018 was $5,082. In 2017, the median sales tax was $4,808. This marks an increase of 5.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.2%.

The following table compares Victoria to other Carver County cities in the first half of 2018:

CityJan. - June 2018 Home SalesJan. - June 2017 Home Sales% change (Total Home Sales)Jan. - June 2018 Median Sales PriceJan. - June 2017 Median Sales Price% change (Median Sales Price)
Victoria79103-23.3%$425,000$397,0007.1%
Chanhassen207225-8%$325,000$311,0004.5%
Carver464112.2%$317,450$321,000-1.1%
Waconia119130-8.5%$288,900$249,90015.6%
Cologne25250%$269,000$224,70019.7%
Mayer1630-46.7%$266,000$228,00016.7%
Watertown2148-56.3%$243,000$213,50013.8%
Chaska163215-24.2%$232,000$269,000-13.8%
Norwood Young America3647-23.4%$183,450$189,000-2.9%
New Germany7475%$178,400$147,50020.9%
Hamburg28-75%$134,200$182,700-26.5%

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