What Time of Year Do Prices Increase? by Norris Minick When people hear that house prices are going up 12% a year, most assume that they are going up about 1% a month over the entire year. As we’ve told our clients for years, however, that’s not how it works. In market where prices are surging, nearly all the price increase for a given year occurs between the months of January and June. So, when we have a 10% price increase, a house that sold for $500,000 house in January will tend to sell for $550,000 by the end of June.
A4HB Homebuyer's Blog
Picking the Best Investment as a Residential Buyer By Norris Minick In a recent post, we presented some data on a gap that opened up between 2002 and 2010 between condo/townhome prices and prices for small single family homes…and then noted that this gap had narrowed substantially in most local communities over the past few years. For many buyers, this raises this question: Had you recognized this gap opening up, would it have made sense to buy a condo or townhome…rather than a single family home…to maximize the upside potential of your investment? Condos Did Better Looking back at our
As indicated in our last newsletter, we’ve put together pricing stats that track median prices from 1991 to 2010. A quick glance at our tax record data on mid-sized homes (1600-2300), for example, will show you that the median price for this size of home in Boulder in 2010 was about $632,000, while in Longmont it was just over $265,000. In 1991, these homes would have sold for about $162,000 and $109,000 respectively. Scanning these charts on the history of pricing trends over the past 20 years quickly raises the question of which communities have experienced the greatest price appreciation over this time frame…and