For the first time in 99 months, home sellers in March received $30,500 more than their original purchase price — a 17 percent average gain and the highest level of return since December 2007 when the housing recession began, according to RealtyTrac’s March and Q1 2016 Home Sales report.
- Metros featuring the highest average percentage gains were San Francisco at a 72 percent average gain and San Jose at a 60 percent average gain.
- Boulder, Colorado had a 53 percent average gain and Prescott, Arizona had a 51 percent average gain. Los Angeles was at the bottom of the top five with a 48 percent average gain.
- Almost 20 percent of markets featured year-over-year dips in March, including Washington D.C. at 7 percent and San Francisco with a 2 percent drop after 47 consecutive months of price increases.
- Distressed sales increased quarter-over-quarter on the East Coast, from 17.2 to 18.2 percent share of all sales.
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Give yourself the tools to own the new year at Connect SF, July 17-20, 2018