Now is the time to buy that home that you want!

By
Real Estate Agent with Century21 Access America

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.

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!

Here is an example of the Median price since 1988 according to the Commercial Record (town hall records):

Town Name: CHESHIRE, CT
Type of Statistic: Median Sales Price
Time Period Selected: Calendar Year

Year

Months

1-Family

Condo

All Sales

2008

Jan - Mar

322,000

231,500

295,000

2007

Jan - Dec

344,000

199,900

320,000

2006

Jan - Dec

354,900

201,500

310,000

2005

Jan - Dec

342,500

200,000

309,000

2004

Jan - Dec

329,000

169,000

299,900

2003

Jan - Dec

290,000

155,000

254,000

2002

Jan - Dec

260,000

132,950

234,750

2001

Jan - Dec

240,000

115,000

212,000

2000

Jan - Dec

230,000

98,250

195,000

1999

Jan - Dec

219,900

120,000

197,500

1998

Jan - Dec

201,000

116,000

180,000

1997

Jan - Dec

194,000

100,000

179,000

1996

Jan - Dec

183,000

96,000

175,000

1995

Jan - Dec

189,500

85,750

172,000

1994

Jan - Dec

193,500

113,250

176,000

1993

Jan - Dec

169,725

110,000

160,000

1992

Jan - Dec

180,000

115,000

168,000

1991

Jan - Dec

184,000

115,000

165,000

1990

Jan - Dec

190,000

126,400

179,000

1989

Jan - Dec

204,500

135,500

180,000

1988

Jan - Dec

225,500

127,000

193,900

<form enctype="application/x-www-form-urlencoded" method="get" accept-charset="UNKNOWN"></form>

<form enctype="application/x-www-form-urlencoded" action="dnn_search.asp" method="post" accept-charset="UNKNOWN">   </form>

 

Comments (0)