If I purchased my home at the height of the market, can I finally sell now?

By
Real Estate Agent with Coldwell Banker Evergreen Olympic Realty, Olympia WA

Get ready to do the happy dance, Olympia, WA homeowners!  

 

 

If you purchased your home at the height of the market in 2006 and 2007, you probably have been watching and waiting for the market to correct itself in order to sell.  That time has come!

 

April 2017 was the first month that we saw gains for homeowners who purchased in 2006/2007. 

 

Although a modest gain, it's the first time this number has been in the positive.

 

The data consists of non-distressed sales (no short-sales or bank-owned properties), grouped by length of ownership where there was no significant remodeling.  The original price paid and what the home sold for in April was then factored to determine the average compounded annual gains.

 

 

Year Purchased / Average Compounded Gain for April 2017

2007:  +0.3%

2008:  +0.5%

2009: +0.5%

2010: +2.0%

2011: +2.9%

2012: +4.0%

2013: +4.2%

2014: +9.6%

2015: +7.7%

2016: +9.6%  

 

If you are looking to move, to upsize, to downsize or to get a change of scenery, call me to find out where your home fits into today’s ever-changing market. This year may be the year to stop waiting and get your home listed to sell!  

Posted by

 

Francine Viola, Realtor
In Tune with your Real Estate Needs

 

Serving Buyers and Sellers in Olympia, Tumwater, Lacey and Thurston County, WA

Coldwell Banker Evergreen Olympic Realty, Inc.  |  Olympia, WA

 

Cell:      (360) 359-0689

Email:  Francine.Viola@cbolympia.com

Web:     www.FrancineViola.com

 

       

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Washington Thurston County
Tags:
olympia
wa
real estate
height of the market
can i finally sell my home

Spam prevention
Show All Comments
Rainmaker
3,857,189
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good evening Francine Viola ,

Yahoo!! Happy Dance for homeowners in Olympia, WA!! good news sellers can make their move..good information.

May 17, 2017 07:04 PM #1
Rainmaker
4,432,467
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

May 18, 2017 02:44 AM #2
Rainmaker
1,510,905
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Francine, many homeowners who purchased their homes at the height of the market may not realize how much their homes are worth in today's market. This is great information.

May 19, 2017 08:03 AM #3
Rainmaker
3,240,095
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Happy Monday Francine,  Interesting blog and a good one for people to read here in the rain.  Make it a great day!

 

May 22, 2017 07:03 AM #4
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
529,640

Francine Viola

REALTOR®, In Tune with your Real Estate Needs
Let me help you find the perfect home in Olympia WA!
*
*
*
*
Spam prevention