[quote=sdcellar]I’ll just assume whatever you’re using doesn’t show you everything, but model matches:
November 2000: $250,000
March 1999: $229,000
March 1999: $230,000
Quick average I could run for 2000-2200 sq. feet nearby that last sold in 2000 (excludes those that may have sold since): $271,575
Also, I don’t think rates were ever 10% in the 90’s.
You did help remind me though another way to approach our 2000 metric is to adjust old/new sales according to historical data (what you were scrambling to do). I’ve done this before, but now I think I have a better handle on it. You just can’t ignore some of the data.
If I could get a source for all sales, that’d be stupendous.[/quote]
I didn’t see those sales in 99, but I decided to look at more sales in the late 90s and I’ve found a sale in 1998 for $237k. I also found a sale in 2003 for $495k. So, it seems like price was declining between 98-99, increased a little in 2000 and HUGE in 2001-2003. Either those who bought in 98-2000 got lucky and got great deals or those in 2001-2003 overpaid by a good 50% more.
Like I said, there was something that caused my development to have a big price swing between 99-2002. There’s 1 house that’s 10% smaller than my house, sold for $210k in 99 and $380k in 2002. That’s 81% increase in 3 years for the exact same house w/ no upgrade.
I know someone who bought in 1989 and their rate was 13%. I would love to get a source for all sales in a list form as well that I can export to excel. It takes way too long to scan through sales in Zillow.
