From the archive, 2019. Rates, prices and market conditions described here are as they stood then. Treat the numbers as history, and the reasoning as the part that lasts.
According to a recent Q1 2019 Home Sales Report released by ATTOM Data Solutions, U.S. homeowners who sold their homes in the first quarter of 2019 realized an average home price gain since purchase of $57,500, down from an average gain of $60,000 in the fourth quarter of 2018, but still up from an average gain of $56,733 in the first quarter of 2018.
The average home seller gain of $57,500 in Q1 2019 represented an average 31.5 percent return as a percentage of the original purchase price. So while the percentage of gains dropped both quarterly and annually, homeowners are still able to make a decent profit.
The data represented what a homeowner originally paid on their property versus what it was sold for. The highest seller dollar gains occurred in Q4 2005, with $81,006 made on average, while home sellers lost $53,500 on average in Q1 2019.
Among the 124 metropolitan statistical areas with a population greater than 200,000 and with at least 1,000 single family home and condo sales in the first quarter of 2019, those with the greatest dollar gain occurred mainly on the West coast.
The market to top the dollar gains for sellers occurred in San Jose, California with home sellers seeing almost a half-million gain ($479,500). Markets to follow include San Francisco ($336,000); Los Angeles ($217,000); Oxnard ($178,000); and a non-California market, Honolulu, Hawaii ($171,563).
Q1-2019-Historical-Gains
Filed under Market & Trends
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