An article in the April issue of the Salt Lake REALTOR magazine caught my eye, so I am sharing it with you.
The national average for home price appreciation from the end of 2017 to the end of 2018 was 5.73%. Utah's price increase was 9.8% for that same time frame, giving us the 3rd place slot in the nation for increased home prices. Idaho took 1st place with an 11.93% increase and North Dakota took last place with a .02% increase.
Statistics for this information were taken from the last quarter of 2017 to the last quarter of 2018 and were calculated by the Federal Housing Finance Agency.
If you take this information and put it to practical application, you can speculate and theorize that if you purchased a home in Utah during the last quarter of 2017 for $300,000, it was worth $329,400 during the last quarter of 2018. That is a 9.8% price increase, and that is a significant increase in your home's appreciation.
If you would like to know what your home is worth, I can give you a free comparative market analysis on your home. Just give me a call and we can determine what your home's value is today.
801-631-3430
Brought to you by Heath @ HeathsHomes.com
No comments:
Post a Comment