Home property value survey

cangel
Mon, 30 Jun 2008 08:46:50 +0000

We’ve been in our house almost 15 years, and the value has gone up roughly 75%. Very slow appreciation here, outside of waterfront. If I had to sell today, I would probably get 10% less than 2 years ago. But on the plus side, there are very few houses for sale in my neighborhood.

The foreclosures here have hit the poorest hard. The neighborhood behind us is primarily small single family homes and patio houses. Average price even now is only about 100K, they are going into foreclosure like gangbusters.