MAPS & FACTS™ UNLIMITED, INC. specializes in GIS (Geographic Information System) produced, architectural, driven, based, demographic, educational, and real estate maps to home buyers, brokers, developers, attorneys and lenders.
Map of the Month
A History of Re-sale House Prices
While we recently stopped publishing our monthly “Map of the
Month”, The Paul G. Johnson Company in concert with Maps & Facts is still tracking
real estate data. Depending on the sources, we have noted that since late 2019 many
quoted single family appreciation rates have been incredibly high; primarily because
the data these rates are drawn from is mixed and inconsistent, ie: like a
shopping cart of groceries as compared with a shopping cart of carrots.
As our clients and past email recipients may recall, every
year we published a Valley wide appreciation rate based on actual sales from a
uniform data base of 250,000 similar houses, ie: built 1990-1999; sold in 2001
to 2020; for between $100,000 and $1,000,000. As shown, based on this specific
subset, appreciation was 10.80% in 2020 and will probably be slightly higher
when 2021’s data is compiled. Obviously, different data sets will generate
different rates, but be aware of what they represent! Just because one house,
sub-market, or property type experienced
20% appreciation, doesn’t mean that all did.