Home › Forums › Housing › Home prices compared to 2001 evel & data on sub-markets › I generally look at the year
I generally look at the year closest to 2002 and then subtract 10% a year to back into an approximate 2002 value.
EX Home sold for 600K in 2004. 10% 600K = 60K x 2 = 120K. Estimate current value of property 600K – 120= 480K
If a home has a value less then this it shows up on my watch list.
I use a similar calculation going forward. 600k in 2001 1 year time %10 (600K) = 60K Estimated 2002 cost 660 K.
I could use arithmetic or geometric calculations but this is a quick math way of seeing if this should hit the watch list.
