Talk of The Villages Florida - View Single Post - Pre-owned homes appreciated 27% in a year
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Old 05-16-2014, 11:03 AM
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skyguy79 skyguy79 is offline
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Quote:
Originally Posted by gomoho View Post
The Daily Sun reports pre-owned homes have appreciated 27% since the first quarter of 2013 till the first quarter of 2014
I find the reported 27% a little hard to believe. I just randomly checked out 4 properties around TV at different Villages, different sized homes and with and without water and golf course views. Here are my one year findings:

Property 1 = 18% (our home w/o views)
Property 2 = 11% (with views)
Property 3 = 05% (with views)
Property 4 = 20% (Villa w/o views)

My general observations are that the larger the home with the best views had the lowest increase, whereas the villa without any special views had the greatest increase. Interestingly I though before hand that would be just the opposite I would have found.

For those who want to find out their increase and don't know how to do it, here's how:
  • Enter your address in Google Search
  • Chose the Zillow link if you find one for your home.
  • Scroll down where you'll find a time graph of values
  • Mouse over the end of the graph and using the solid line you'll find the current value in a small box on the left.
  • Next move you mouse to the point that's at the one year back point to find the starting value, again in that small box. Currently that starting month would be March of 2013.
  • Next calculate the change % using the following formula:

    Current Value {minus} Starting Value {divided by} Starting Value {equals} value change percentage.... or:

    Current Value {minus} Starting Value
    --------------------------------------- = increase/decrease %
    Starting Value
If you successfully carried out that formula, you should now know what your presumably increased value percentage is.
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