How Much Has Your 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.  This means that it is a great time for you to trade your home for a dream retirement home in Coachella Valley communities: Indian Wells, Palm Springs, Palm Desert, Rancho Mirage, La Quinta and Indio.  Homes are available from $300K.  Contact Coachella Valley Realtor Kim Chiarelli at 760-895-8457.  

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.

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.  As a Coachella Valley country club specialist, I am happy to help you find the perfect retirement home or vacation home.  Give me a call at 760-895-8457.