Talk of The Villages Florida - View Single Post - Pre-owned homes appreciated 27% in a year
Thread: Pre-owned homes appreciated 27% in a year
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Old 05-18-2014, 09:29 AM
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skyguy79 skyguy79 is offline
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Location: Formerly Refrigerated in Upstate NY, Now in village near Colony Plaza
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Quote:
Originally Posted by Wiserbud47 View Post
The average selling price increase of 27% in one year does not mean that houses have appreciated that much.
This is correct and I believe that some people don't realize that the report given stated that it is the "overall average" that's represented by the 27%. Some sales might be quite higher and some lower, even to the point of a loss. This happened to the people that sold us our home in 2011. They took an11% loss on the sale from what they paid when buying new.
Quote:
Originally Posted by Wiserbud47 View Post
If more of the larger designer houses were sold during that quarter, it would increase the average selling price in that quarter.
This may not be true. As I indicated in my prior post, what I found in the different types of homes I researched is that larger homes had the smallest appreciation while smaller ones had the highest appreciation. I could be wrong about that though, because I only used a small sampling of properties rather than take hours using more properties.
Not very scientific, but then again I'm not a mad scientist! The Villages Florida
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