Posts Tagged ‘home values’

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1 Walkscore Point = 3,000 Bucks?

August 25, 2009

Check out this article written by Amy Hoak via RISMedia.  The article is entitled “Homes in Walkable Neighborhoods Sell For More“, and sheds light on the growing popularity of walkability as a desirable attribute for real estate (and real estate values).

This

This

..or this. You make the call.

..or this. You make the call.

RISMEDIA, August 22, 2009-(MCT)-Homes located within walking distance of amenities such as schools, parks and shopping aren’t only more convenient for their owners, often they’re also worth more than homes in neighborhoods where driving is the rule, according to a new study.

The report looked at 94,000 real-estate transactions in 15 markets. In 13 of those markets, higher levels of “walkability” were directly linked to higher home values. Read the rest of this entry ?

Posted in News, Tips | Tagged , , , , | Leave a Comment »

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April Analysis

May 7, 2009

Attention statistic addicts:  We’ve got some numbers here that will update you on the current state of the market.

How close are we to 1/2 price?

How close are we to 1/2 price?

Here is our method:

First we isolated the month of April in our analysis and ran median sales prices for single family homes as well as condominiums dating back to 1995.  Next, we inflation adjusted the medians so that we could control for the changing value of the dollar over time.  Last, we plotted the points on a chart to come up with a trend.  The numbers represent the San Francisco resale market and here’s what we found: Read the rest of this entry ?

Posted in Macro-Level Info, Nerdy RE Analysis | Tagged , , , , , , , | Leave a Comment »

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Appraisal 101 : The battle of curable versus incurable

November 7, 2008

When you’re out looking at properties, be on the lookout for curable versus incurable characteristics.  What are these?

Jaw-dropping views from the back yard!

Jaw-dropping views from the back yard!

Both refer to types of depreciation homes can go through.  However, there is a big difference.  Curable refers to conditions that are financially feasible to fix.  This means that if you were to spend $1 on curing this type of depreciation, you would get back $1 or more of your investment.  Some examples include repainting, putting in a new kitchen, or updating an old bathroom.

By contrast, incurable depreciation is where one would invest that same $1 and get back less than the full $1 in return.  Examples range from Read the rest of this entry ?

Posted in Appraisal 101, Home Buying, Tips | Tagged , , , , , , , , , , | 1 Comment »

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