| Smaller Homes Appreciate at 2X the Rate as Larger Homes.
April 3, 2017 Issue 261
Next week is our first look at 2017 as we analyze the first quarter. A quick peak is exciting with a 9.3% increase in the number of homes sold in Arrowhead Woods. We’ll dig into prices, market segments, appreciation, all the bells and whistles as we anticipate an upbeat 2017.
PS. The lake level is 3.48 feet from full, same as last week. Happy boaters are lining up.
Which Homes Have Appreciated the Most?
Home values have risen dramatically over the last twelve months. The latest news from the National Association of Realtors Chief Economist Lawrence Yun puts the annual increase in the median existing-home price at 7.1%. CoreLogic, in their most recent Home Price Insights Report, reveals that national home prices have increased by 6.9% year-over-year.
The CoreLogic report broke down appreciation even further into four different price categories:
Here is how each category did in 2016:
Coldwell Banker Sky Ridge Realty, Lake Arrowhead CA, 92352-1089 Since 1982.