Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 7.1%. CoreLogic, in their most recent Home Price Insights Report, reveals that national home prices have increased by 6.9% year-over-year.
The CoreLogic report broke down appreciation even further into four different price categories:
Lower Priced Homes: priced at 75% or less of the median
Low-to-Middle Priced Homes: priced between 75-100% of the median
Middle-to-Moderate Priced Homes: priced between 100-125% of the median
High Price Homes: priced greater than 125% of the median
Here is how each category did in 2016:
Bottom Line
The lower priced homes (which are more in demand) appreciated at greater rates than the homes at the upper ends of the spectrum.
I have been a broker for over 24 years and moved to the lake full time in 1999 and have loved every minute of it. Originally from Kansas City and graduated from the University of Kansas with a degree in interpersonal and organizational communications. Right out of college, I started investing in real-esate by buying rental properties. I have owned and managed multi-million dollar businesses including a real estate company. I am very involved with the community, which includes being a local director for the Bagnell Dam Board of Realtors, the chairman on planning and zoning for the City of Lake Ozark and volunteering for the local YMCA, Kiwanis and Easter Seals.
My vast experience and diverse background helps me pay attention to detail and accomplish my client's ultimate goal. I love what I do! For more information about me and my credentials, I ask that you visit my website at http://www.sellingthelake.com
I look forward to working with you and finding you that perfect property!
Sincerely,
Valerie Littrell
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