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Old 12-18-2009, 02:50 AM
 
Location: Tucson/Nogales
17,472 posts, read 21,326,021 times
Reputation: 24348

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Paid $72k for my townhouse in 1996. Price soared to $200k in 2005, the peak.

Now? I occasionally get onto Realtor.com to see what the cheapest townhouse in my complex is selling for.

I've seen prices as low as $32k, $35k, $40k, some as high as $50k.

Mind you, these units sold brand new in 1971 for $32,500!

But this is Las Vegas. Prices haven't fallen here, they've crashed!
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Old 12-18-2009, 06:34 AM
 
3,234 posts, read 7,645,069 times
Reputation: 2708
I don't like zillow, it seems to be using what the town or city assessed the properties at, in my area at least. The assessments are very inflated and wouldn't sell for that much. Just a tax grab situation.
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Old 12-18-2009, 11:52 AM
 
Location: Waterford & Sterling Heights, Michigan
340 posts, read 849,134 times
Reputation: 338
I don't like Zillow either. All I know is:
Our first house (which we still own) we bought for about 135K in 1998 if I remember right. Similar houses in the area are now selling for 75K to 95 K.

Our main residence we bought almost 4 years ago for 350K, last month it was appraised for 206K and I think that is a very optimistic appraisal. In the last month is probably has already dropped below 200K.
Very pathetic.
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Old 12-18-2009, 11:57 AM
 
Location: a bar
2,568 posts, read 5,066,988 times
Reputation: 2643
I paid $196k for my condo in '06. It was just appraised at $223k.
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Old 01-04-2010, 04:58 PM
 
87 posts, read 79,423 times
Reputation: 14
One has gone up 400% since 1994, the Canadian property has more than doubled and the Brooklyn property has close to doubled.
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Old 01-04-2010, 05:02 PM
 
Location: Huntington Beach, CA
5,847 posts, read 11,049,214 times
Reputation: 3830
225k in 2008. 240K now
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