Gn, that’s my point. I think I did sell too cheaply. I was timing the general market, where it probably peaked somewhere late in 2005. Where I made my mistake was not allowing for the specific conditions in my neighborhood, which lagged behind the general market, and we can now see peaked in early 2007. I find the Zillow price history graph classic in the sense that the sharpest rate of appreciation was just after I sold it. Of course! 2006 was a banner year. And to answer your question whether I paid too much for it in 1994, I don’t think so. The builder had sold two other homes on that street in 1991 for $2.0 M and $1.8M. He was asking $1.8M for my house, but dropped it to $1.4M for a quick sale. True, I didn’t buy it at the absolute bottom, as he sold another one in 1995 for $1.1M across the street from me, about the same size with an indoor pool. That was a bargain! But I feel I got a fair price at the time. But getting back on topic with this thread, I think I sold a year too soon, and dished out $50K in rent on top of it. The Zillow numbers are accurate, because other homes in the area have all increased in 2006. For what I sold my home for, you get 2000 square feet less now. I am very tuned into this market because I’ve been renting for a year and half now and was hoping to see lower prices by now so I could buy back in. Looks like I’m gong to have to wait much, much longer.
