Home Values Up 30 Percent In Past Two Years

Home Values Up 30 Percent In Past Two Years

                                    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%.  This hands down has the be the most exciting real estate market I have personally ever witnessed. 

Lars Lofstrand Headshot
Phone: 972-672-8069
Dated: July 22nd 2014
Views: 1,168
About Lars: We understand that buying or selling a home is probably the largest investment decision that you wil...

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