http://activerain.com/blogs/balvin 2008-06-03T18:52:55Z Balvin Wright (Century21 Access America) http://activerain.com/blogsview/535171/Now-is-the-time-to-buy-that-home-that-you-want 2008-06-03T18:52:55Z Balvin Wright (Century21 Access America) <p>Being a home owner today is the best investment most people will ever make in their lives, and the bonus is you live in your investment! So - Worried about your equity??? Lets think about My town: Cheshire Connecticut. What I LOVE about Cheshire is first of all I have found it to be a GREAT place to raise my family. The second thing, I have a lot of family and friends in New York City. Its an hour drive, or ten minutes to the train.</p> <p>Prices... Every price range is in Cheshire but it does have a higher than average ... average price so the value is a constant. Considering that the average home owner stays in their home for seven years, you need to look over a seven year range. Take that, the fact that you are paying down your mortgage and the fact that you on average will have a tax write off of on average 30% ... you can have a lot of fun with this investment!</p> <p>Here is an example of the Median price since 1988 according to the Commercial Record (town hall records):</p> <p>Town Name: CHESHIRE, CT <br />Type of Statistic: Median Sales Price<br />Time Period Selected: Calendar Year</p> <p> <table border="0" cellpadding="0" width="100%"> <tbody> <tr> <td> <p align="center">Year<strong></strong></p> </td> <td> <p align="center">Months<strong></strong></p> </td> <td> <p align="center">1-Family<strong></strong></p> </td> <td> <p align="center">Condo<strong></strong></p> </td> <td> <p align="center">All Sales<strong></strong></p> </td> </tr> <tr> <td> <p align="center">2008</p> </td> <td> <p align="center">Jan - Mar</p> </td> <td> <p align="right">322,000</p> </td> <td> <p align="right">231,500</p> </td> <td> <p align="right">295,000</p> </td> </tr> <tr> <td> <p align="center">2007</p> </td> <td> <p align="center">Jan - Dec</p> </td> <td> <p align="right">344,000</p> </td> <td> <p align="right">199,900</p> </td> <td> <p align="right">320,000</p> </td> </tr> <tr> <td> <p align="center">2006</p> </td> <td> <p align="center">Jan - Dec</p> </td> <td> <p align="right">354,900</p> </td> <td> <p align="right">201,500</p> </td> <td> <p align="right">310,000</p> </td> </tr> <tr> <td> <p align="center">2005</p> </td> <td> <p align="center">Jan - Dec</p> </td> <td> <p align="right">342,500</p> </td> <td> <p align="right">200,000</p> </td> <td> <p align="right">309,000</p> </td> </tr> <tr> <td> <p align="center">2004</p> </td> <td> <p align="center">Jan - Dec</p> </td> <td> <p align="right">329,000</p> </td> <td> <p align="right">169,000</p> </td> <td> <p align="right">299,900</p> </td> </tr> <tr> <td> <p align="center">2003</p> </td> <td> <p align="center">Jan - Dec</p> </td> <td> <p align="right">290,000</p> </td> <td> <p align="right">155,000</p> </td> <td> <p align="right">254,000</p> </td> </tr> <tr> <td> <p align="center">2002</p> </td> <td> <p align="center">Jan - Dec</p> </td> <td> <p align="right">260,000</p> </td> <td> <p align="right">132,950</p> </td> <td> <p align="right">234,750</p> </td> </tr> <tr> <td> <p align="center">2001</p> </td> <td> <p align="center">Jan - Dec</p> </td> <td> <p align="right">240,000</p> </td> <td> <p align="right">115,000</p> </td> <td> <p align="right">212,000</p> </td> </tr> <tr> <td> <p align="center">2000</p> </td> <td> <p align="center">Jan - Dec</p> </td> <td> <p align="right">230,000</p> </td> <td> <p align="right">98,250</p> </td> <td> <p align="right">195,000</p> </td> </tr> <tr> <td> <p align="center">1999</p> </td> <td> <p align="center">Jan - Dec</p> </td> <td> <p align="right">219,900</p> </td> <td> <p align="right">120,000</p> </td> <td> <p align="right">197,500</p> </td> </tr> <tr> <td> <p align="center">1998</p> </td> <td> <p align="center">Jan - Dec</p> </td> <td> <p align="right">201,000</p> </td> <td> <p align="right">116,000</p> </td> <td> <p align="right">180,000</p> </td> </tr> <tr> <td> <p align="center">1997</p> </td> <td> <p align="center">Jan - Dec</p> </td> <td> <p align="right">194,000</p> </td> <td> <p align="right">100,000</p> </td> <td> <p align="right">179,000</p> </td> </tr> <tr> <td> <p align="center">1996</p> </td> <td> <p align="center">Jan - Dec</p> </td> <td> <p align="right">183,000</p> </td> <td> <p align="right">96,000</p> </td> <td> <p align="right">175,000</p> </td> </tr> <tr> <td> <p align="center">1995</p> </td> <td> <p align="center">Jan - Dec</p> </td> <td> <p align="right">189,500</p> </td> <td> <p align="right">85,750</p> </td> <td> <p align="right">172,000</p> </td> </tr> <tr> <td> <p align="center">1994</p> </td> <td> <p align="center">Jan - Dec</p> </td> <td> <p align="right">193,500</p> </td> <td> <p align="right">113,250</p> </td> <td> <p align="right">176,000</p> </td> </tr> <tr> <td> <p align="center">1993</p> </td> <td> <p align="center">Jan - Dec</p> </td> <td> <p align="right">169,725</p> </td> <td> <p align="right">110,000</p> </td> <td> <p align="right">160,000</p> </td> </tr> <tr> <td> <p align="center">1992</p> </td> <td> <p align="center">Jan - Dec</p> </td> <td> <p align="right">180,000</p> </td> <td> <p align="right">115,000</p> </td> <td> <p align="right">168,000</p> </td> </tr> <tr> <td> <p align="center">1991</p> </td> <td> <p align="center">Jan - Dec</p> </td> <td> <p align="right">184,000</p> </td> <td> <p align="right">115,000</p> </td> <td> <p align="right">165,000</p> </td> </tr> <tr> <td> <p align="center">1990</p> </td> <td> <p align="center">Jan - Dec</p> </td> <td> <p align="right">190,000</p> </td> <td> <p align="right">126,400</p> </td> <td> <p align="right">179,000</p> </td> </tr> <tr> <td> <p align="center">1989</p> </td> <td> <p align="center">Jan - Dec</p> </td> <td> <p align="right">204,500</p> </td> <td> <p align="right">135,500</p> </td> <td> <p align="right">180,000</p> </td> </tr> <tr> <td> <p align="center">1988</p> </td> <td> <p align="center">Jan - Dec</p> </td> <td> <p align="right">225,500</p> </td> <td> <p align="right">127,000</p> </td> <td> <p align="right">193,900</p> </td> </tr> </tbody> </table> &lt;form enctype="application/x-www-form-urlencoded" method="get" accept-charset="UNKNOWN"&gt;&lt;/form&gt; <p>&lt;form enctype="application/x-www-form-urlencoded" action="dnn_search.asp" method="post" accept-charset="UNKNOWN"&gt;&nbsp;&nbsp; &lt;/form&gt;</p> </p> <p align="center">&nbsp;</p>