Home Sellers are Making Big Profits

Many sellers have made a lot of money on the sale of their properties, seeing about $85,000 over what they originally paid for the property.  They’d typically lived in their homes for about 8 years and they

typically got the prices they wanted for their homes, with only about a quarter having to reduce the list price of their properties.

The steep price appreciation over the past two years topped a decade of steady price gains.  This is a result of a growing economy and the lack of meaningful new construction.  For many homeowners, even some that have purchased relatively recently, the jump in prices has meant they were able to sell for significantly more than what they paid for their home.

*Data taken from an article in a National Association of Realtors publication and addresses national numbers.

For more information, contact Penny at (206) 618-5123 or email me at Penny@TheOriginalPenny.com.

Serving:  Bainbridge Island, Poulsbo, Silverdale, Kingston, Bremerton, Port Orchard, Port Ludlow and Ocean Shores.