How Much Has Your Gold Country Home Increased in Value?

How Much Has Your Home Increased in Value? | MyKCM

Home values have risen dramatically over the last twelve months. In CoreLogic’s most recent Home Price Index Report, they revealed that national home prices have increased by 6.2% year-over-year.

CoreLogic broke down appreciation even further into four price ranges, giving us a more detailed view than if we had simply looked at the year-over-year increases in national median home price.

The chart below shows the four price ranges from the report, as well as each one’s year-over-year growth from July 2017 to July 2018 (the latest data available). 

How Much Has Your Home Increased in Value? | MyKCM

It is important to pay attention to how prices are changing in your local market. The location of your home is not the only factor which determines how much your home has appreciated over the course of the last year.

Lower-priced homes have appreciated at greater rates than homes at the upper ends of the spectrum due to demand from first-time home buyers and baby boomers looking to downsize.

Amador County Home Values

While national statistics are helpful to get a general sense of the real estate market and home appreciation trends, it’s important to look locally to see how homes values in Amador County are trending since those are the statistics that should be of greatest importance to homeowners in the Gold Country.

To obtain an instant assessment of your home’s value in today’s market, simply visit AmadorCountyValue.com.   By sampling inputting your home address and answering a few simple questions about your home, you’ll receive an immediately estimate of the value of your home in the Gold Country.

Bottom Line

If you are planning to list your home for sale in today’s market, let’s get together to go over exactly what’s going on in your area and your price range.

Contact us for experienced representation when buying or selling a home in Amador County CA.

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