Market Statistics are easy to come by. -And the numbers are often either skewed in the publishers favor or along their point of view or unfortunatly not very meaningful. When it comes to real estate market statistics you really need customized and narrow sold statistics for the numbers to be helpful.
Stating that for the city as a whole the sold amount has increased by x% is not really the full story. Nor is it useful to you as a homeowner to read that the sold amounts in your (large) neighborhood as increased by Y%. Why? -because the numbers alone do not account for new construction, larger homes, new sub-sections. It is not immediatly applacable to your street and your home. To really understand how your home has increased in value you need a customized analysis. One that focuses on your street, on your sub-section, on similar sized, aged, positioned homes. This is most often obtained through a customized Comparative Market Analysis (CMA). I am happy to provide such a customized study for you: -whether it is for your purpose of selling your home, or simply to know if you should contest your tax-appraisal. As a regular feature on this News post I will publish narrow-study market analysis summaries focusing on a street or a sb-section of the neighborhood. Come back to the page often or send me an email to receive regular newsletters.