MAPS & FACTS™ UNLIMITED, INC. specializes in GIS (Geographic Information System) produced, architectural, driven, based, demographic, educational, and real estate maps to home buyers, brokers, developers, attorneys and lenders.
Map of the Month – March 2020
Single-Family Appreciation 2002-2019
Since 2001, Maps & Facts has tracked the annual change in median sales prices for a standardized data set of over 20,000 houses: i.e. all houses built between 1990 and 1999 which sold from $100,000 to $1 million between 2002 and 2019. While most studies include a broad mix of houses, our data base tracks the median appreciation/depreciation rates of the same house. (i.e. paired sales)
As the chart and maps show, our data set’s median annual re-sale price increase for 2019 was 6.88%, in line with recent years.
Know that the annual per cent change in median price is nominal and:
·Represents re-sales of the same houses, not price per square-foot.
·Includes annual maintenance costs of between 1% and 2% of house value.
·Excludes selling costs, often 5%.
·Includes economic volatility including interest rates.