Map of the Month

A History of Re-sale House Prices

 

While we recently stopped publishing our monthly “Map of the Month”, The Paul G. Johnson Company in concert with Maps & Facts is still tracking real estate data. Depending on the sources, we have noted that since late 2019 many quoted single family appreciation rates have been incredibly high; primarily because the data these rates are drawn from is mixed and inconsistent, ie: like a shopping cart of groceries as compared with a shopping cart of carrots.

As our clients and past email recipients may recall, every year we published a Valley wide appreciation rate based on actual sales from a uniform data base of 250,000 similar houses, ie: built 1990-1999; sold in 2001 to 2020; for between $100,000 and $1,000,000. As shown, based on this specific subset, appreciation was 10.80% in 2020 and will probably be slightly higher when 2021’s data is compiled. Obviously, different data sets will generate different rates, but be aware of what they represent! Just because one house, sub-market, or property type  experienced 20% appreciation, doesn’t mean that all did.

 Our map and charts are cited below.