Portland-area home prices continued to climb faster than most of the country in June – but far slower than a year ago. They do expect lower levels of appreciation during these years than we have experienced over the last five years but do not call for a decrease in values (depreciation) in any of the years mentioned. In Milford, which contains a Whole Foods and Aldi store on Boston Post Road, home values have registered a 17 percent increase to $310,746 in the last five years.
What I mean is that they seem to generate the historical home values for the house, town & zip code using the algorithm de jour, which has the effect of changing the entire historical record from what Zillow actually claimed in the past. For example, if you had a column call Region with values like North, South, East and West, then just modify the code above to look for those four key words. Values are up, but many areas of St. Louis County already began seeing some recovery in past reassessments, he said. Search on a city or address and you will see the 30 most recent sales comparables in that area. Home values here and across the country have been buoyed by a small inventory of homes for sale.
The Home Price Index, published by the Federal Housing Finance Agency (FHFA), shows U.S. property values growing more than one-half of one percent in March, wrapping up 62 straight months of gains. Along comes a Realtor who presents their comparative market analysis of all the households in the area that have recently sold, gone under contract and are currently for sale. Interestingly Miami, which has a weaker economy and experienced the fastest decline in home prices during the recession, is the only other large metro area to see major increases in home sale prices over the same period.
Values in Danbury, where both Whole Foods and Aldi have stores, rose by 4 percent to $162,028, according to Attom Data. If you can compare the average price per square foot for the past 12 months, you can determine whether values are rising or falling. The model takes into account economic and housing data that might have an impact on future home values.