Richard Stein – Realtor®, Douglas Elliman, GREEN, SFR, CBR, eCertified®

Local Agent, Worldwide Marketing – Douglas Elliman Real Estate formerly Prudential Douglas Elliman Real Estate

Report: Sellers are Getting $61K at Resale

Rising home prices over the last few years has helped homeowners gain more equity in their homes. In the third quarter of 2018, homeowners sold for an average of $61,232 more than their original purchase price—the highest average home seller price gain since 2007, according to a newly released report from ATTOM Data Solutions. That marks a 32 percent return on the original purchase price, just shy of the recent peak set in the fourth quarter of 2017 at 32.5 percent.

Homeowners saw the highest average selling percentage gains from their original purchase price in the following areas:

  • San Jose, Calif.: 108.7% gain
  • San Francisco: 77.3%
  • Seattle: 69.8%
  • Santa Rosa, Calif.: 67.9%
  • Salem, Ore.: 63.4%
  • Portland, Ore.: 59.6%
  • Boston: 58.1%
  • Los Angeles: 58%
  • Nashville, Tenn.: 56.5%
  • Salt Lake City: 56.5%

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