AgentInvesting

Markets where sellers are reaping big profits from price gains

And 20 markets where they are still losing money on average
  • Nationwide homeowners who sold during the third quarter of 2015 sold for an average of $40,658 more than what they purchased their home for, translating into an average gain of 17 percent.
  • Homeowners who sold in the third quarter realized average price gains in 151 of the 171 markets analyzed. But there were some exceptions where sellers on average sold less than what they had purchased their home for.
  • Counties in the California Bay Area along with Manhattan, Denver, Portland, D.C., Honolulu and Seattle were most profitable for home sellers in Q3 2015.

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Nationwide homeowners who sold during the third quarter of 2015 sold for an average of $40,658 more than what they purchased their home for, translating into an average gain of 17 percent. That was the biggest percentage gain for U.S. home sellers since the third quarter of 2007, according to a recent RealtyTrac report. The heat map below shows this data at a local level for 171 counties that RealtyTrac analyzed exclusively for Inman Select. Markets where third quarter home sellers reaped the biggest average profits from price gains since they purchased were led by two counties in the San Francisco area: San Francisco County (58.7 percent average price gain since purchase) and San Mateo County (55.7 percent). Santa Clara County in the San Jose metro area came in third with an average price gain of 47.7 percent, and Alameda County in the East Bay of the San Francisco metro area came in fourth with an average price gain of 43.1 percent. Rounding out the top five cou...