Home Values Up 30% In Past Two Years Well, Forbes Magazine predicted it, it simply came true much earlier than what was originally expected. The average price of our local real estate smashed the previous high by 16% jumping to $202,800. This is by far the highest average price our market has ever seen and is up 30% from June 2012. Existing home sales are also up 24% from June 2012. Furthermore, adding to the fantastic news, months inventory is up 3.8% almost touching a 3 month supply which is a healthier real estate market. If you purchased a home in 2009, when Jim Cramer of Mad Money said “don’t you dare buy a house”, your value is up over 40%. If you invested 5% down when you purchased your home in 2009, your ROI (return on investment) could be as high as 691%. Home ownership once again proves itself to be a sound financial investment.
Posted on: Tue, 22 Jul 2014 17:34:46 +0000
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