Monthly Archives: September 2014

Seattle ranked fifth in national home price appreciation

Seattle ranked fifth in annual home appreciation, according to a new national housing report by RealtyTrac.

The Seattle market saw an eight percent annual increase in August compared to an average annual decrease of seven percent a year ago.

Here’s a look at the major markets posting some of the largest home price appreciation in August compared to a year ago, according to RealtyTrac.

1. Cincinnati: 22 percent annual appreciation in August; 4 percent depreciation a year ago
2. Cleveland: 23 percent annual appreciation in August; 1 percent depreciation a year ago
3. Miami: 20 percent annual appreciation in August; 15 percent depreciation a year ago
4. Pittsburgh: 7 percent annual appreciation in August; 3 percent depreciation a year ago
5. Seattle: 8 percent annual appreciation in August; 7 percent depreciation a year ago.

Of the 197 major markets tracked, 22 cities-or 11 percent-reached new median home price peaks in August, notably Pittsburgh, Cincinnati, Columbus, Charlotte, and Austin, Texas, according to the RealtyTrac report.

Overall, RealtyTrac’s report showed that the median price of residential properties nationwide sold in August-including both distressed and non-distressed sales-was $195,000, up 3 percent from the previous month and up 15 percent from a year ago. It is now at the highest level since August 2008.

Obtain a quote

Discover your options by requesting a free note analysis

The only way to decide what is best for your situation is to know the options available.

When you request a free note analysis it reveals the current market value of your payments – similar to what a real estate appraisal provides for real property. Sometimes referred to as a “note appraisal” or “request for quote,” it lets you know how much your future payments are worth in cash dollars today!