Values Yesterday vs. Today

Services for Real Estate Pros with McNeal & Douglas, Atty At Law, LLC

Just our of curiosity... I wanted to know how bad the values had dropped (really, not what the media says) so I pulled files in my office for repeat buyers and sellers...

Here is what I found... a condo purchased in August 02 for 94,000.00 sold in August 2008 for 106,810.00 almost a 13% increase in value (less than the average 5% per year, but not a bad profit considering the condo was rented out to pay for itself and some profit). 

Another condo (same area) purchased in July 05 for 135900.00 sold in July 2008 for 157,000.00... at 16% increase in value over a 3 year period (the average is 5%) I feel that a profit was made, since these condos served the purpose they were intended

The values certainly did not drop although they didn't go up 100%, you still made something, if you were counting on the 100%, you should never count your money unless you have it in hand...nothing is guaranteed.

Comments (4)

Karl Nettgen
Century 21 Agate Realty - Gold Beach, OR

Our market has only lost anout 5% on the southern Oregon coast from one year ago...from 02 to 08 most property has more than doubled in cost

Aug 05, 2008 06:05 AM
Associate Broker Falmouth MA Cape Cod Heath Coker - Falmouth, MA
Heath Coker Berkshire Hathaway HS Robert Paul Prop

Keep the good news coming!  Opinions of the media aren't supported by facts in many areas.  Good news can be place in the AR group!

Aug 05, 2008 06:37 AM
Starstate Realty
Starstate Realty - Austin, TX

Hi Selena -  Welcome to ActiveRain.  I look forward to reading your future post.  Have a great day!!!

Dec 18, 2008 05:47 PM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

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Aug 13, 2016 07:27 AM