Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I have gotten a few emails from Zillow lately showing various towns and it notes a lower average sales price then a year ago. We are only talking a few thousand bucks, and it could just be different inventory as these are medium sized towns, not cities, but I think its worth noting.
Real estate is local. Many different factors influence the micro market of each area. A knowledgeable Realtor local to your area could give you some insight.
I get Zillow zip code observations from all over the country. Some are up a little some are down a little. Last year they were up almost everywhere. I would consider all but the high tech areas sort of neutral at this point.
Location: Danbury CT covering all of Fairfield County
2,637 posts, read 7,427,019 times
Reputation: 1378
Maybe it could be due to a new more modest homes selling versus large ones. There are more sales of the smaller homes than the larger ones in most of my market area.
Jersey is not a good indicator, because property taxes are insane. A step above timeshare in some areas...meaning you would have to pay someone to relieve you of your tax obligations. Zillow reminds me of a pushy Jewish grandmother I never knew I had.
Jersey is not a good indicator, because property taxes are insane. A step above timeshare in some areas...meaning you would have to pay someone to relieve you of your tax obligations. Zillow reminds me of a pushy Jewish grandmother I never knew I had.
It absolutely IS a good indicator.
Yes, values are declining in high tax blues states because of the tax law changes. Here in the Chicago suburbs, they have declined 20%. Higher end homes have declined the most because the taxes are insane and more tax increases are on the horizon. It is amazing to me that people can't see this relationship. Even realtors in my area can't seem to put 2 + 2 together. They keep hoping this is a temporary blip.
Yes, values are declining in high tax blues states because of the tax law changes. Here in the Chicago suburbs, they have declined 20%. Higher end homes have declined the most because the taxes are insane and more tax increases are on the horizon. It is amazing to me that people can't see this relationship. Even realtors in my area can't seem to put 2 + 2 together. They keep hoping this is a temporary blip.
Our house we used to own in pa is still below what we paid in 2007 and sold for in 2012
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
