How Much Has Your Home Home Increased in Value?
DISCLAIMER: A Home Valuation report is not a substitute for a Real Estate Appraisal in purchase or refinance transactions. Home Valuation report is only available for homes in Utah.
How Much Has Your Home Value Increased?
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).
New Home Prices Second Quarter of 2018
For Sale By Owner (FSBO) Statistics
- FSBOs accounted for 8% of home sales in 2016. The typical FSBO home sold for $190,000 compared to $249,000 for agent-assisted home sales.
- FSBO methods used to market home:
- Yard sign: 35%
- Friends, relatives, or neighbors: 24%
- Online classified advertisements: 11%
- Open house: 15%
- For-sale-by-owner websites: 8%
- Social networking websites (e.g. Facebook, Twitter, etc.): 13%
- Multiple Listing Service (MLS) website: 26%
- Print newspaper advertisement: 5%
- Direct mail (flyers, postcards, etc.): 4%
- Video: 2%
- None: Did not actively market home: 28%
- Most difficult tasks for FSBO sellers:
- Getting the right price: 15%
- Understanding and performing paperwork: 12%
- Selling within the planned length of time: 13%
- Preparing/fixing up home for sale: 9%
- Having enough time to devote to all aspects of the sale: 3%
2021 Real Estate Myth Buster
2021 Real Estate Myth BusterSome HighlightsThere are a lot of misconceptions about buying or selling a home today, making it challenging to know exactly how to navigate the current real estate landscape.Here’s a little clarity when it comes to 5 common myths about the...
What Credit Score Do You Need for a Mortgage?
What Credit Score Do You Need for a Mortgage? According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether...
Thinking of Buying or Selling This Spring? Free How to Guide
>>>> Free Guides to Buying and Selling this spring! <<<<
6 Simple Graphs Proving This Is Nothing Like Last Time
6 Simple Graphs Proving This Is Nothing Like Last Time Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Instead, real estate had one of its best years ever. Home sales...
5 Reasons to Sell Your House This Spring
5 Reasons to Sell Your House This Spring When selling a house, most homeowners hope for a quick and profitable transaction that puts them in a position to make a great move. If you’re waiting for the best time to win as a seller, the market is calling your name this...
How to Prepare Your House for a Winning Sale This Spring
How to Prepare Your House for a Winning Sale This Spring Some Highlights With so few homes available to buy today, houses are in high demand, and they’re selling fast. That means it’s a great time to sell if you’re ready to make a move. Let’s connect to make sure...
Is It a Good Time to Sell My House in Utah
Is It a Good Time to Sell My House In Utah?Last year, many homeowners thought twice about selling their houses due to the onset of the health crisis. This year, however, homeowners are beginning to regain their confidence when it comes to selling safely. The...
Salt Lake County Market Report by Utah Realty
Looking to sell your home in this intense real estate market?
Looking to sell your home in this intense real estate market? Looking to sell your home in this intense real estate market? If you are, it's possible you will receive multiple offers on your home depending on its condition, location and price. Reviewing multiple...
How Smart Is It to Buy a Home Today
How Smart Is It to Buy a Home Today?Whether you’re buying your first home or selling your current house, if your needs are changing and you think you need to move, the decision can be complicated. You may have to take personal or professional considerations into...