Quote:
Originally Posted by graciegirl
They all doubled or more their original value and our Village is either 12 or 13 years old. One sold for more than double at two million dollars.
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Exactly what would be expected after 12-13 years, based on the last 60 years of real estate.
Real estate has appreciated approximately 4.5% per year since the 60's. Compounded, that would mean a home would sell for about 1.8 times it's selling price of 12-13 years ago.