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Adobe Stock
From January through December of 2020, there were 12 homes sold, with a median sale price of $237,500 - a 23.4% decrease over the $310,000 median sale price for the previous year. There were four homes sold in Moores Lake Development in 2019.
The median sales tax in Moores Lake Development for the most recent year with available data, 2015, was $1,302, approximately 0.5% of the median home sale price for 2020.
The following table compares Moores Lake Development to other Kent County cities with similar median sale prices in 2020:
| City | Jan. - Dec. 2020 Home Sales | Jan. - Dec. 2019 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2020 Median Sales Price | Jan. - Dec. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Misty Pines | 9 | 7 | 28.6% | $246,000 | $235,000 | 4.7% |
| Felton Heights | 15 | 13 | 15.4% | $245,000 | $175,000 | 40% |
| Woods Haven | 3 | 4 | -25% | $245,000 | $262,500 | -6.7% |
| Cheswold | 10 | 11 | -9.1% | $239,950 | $159,900 | 50.1% |
| Smyrna | 382 | 434 | -12% | $237,500 | $215,000 | 10.5% |
| Moores Lake Development | 12 | 4 | 200% | $237,500 | $310,000 | -23.4% |
| Chimney Hill | 13 | 13 | 0% | $235,000 | $225,000 | 4.4% |
| Frederica | 59 | 80 | -26.3% | $235,000 | $152,617.50 | 54% |
| Hudson Trails | 8 | 8 | 0% | $231,000 | $189,450 | 21.9% |
| Camden | 96 | 56 | 71.4% | $227,000 | $207,950 | 9.2% |
| Wynn Wood | 4 | 6 | -33.3% | $226,875 | $217,500 | 4.3% |
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