Reflects Home Value Appreciation Slowdown Reflects Home Value Appreciation Slowdown


Reflects Home Value Appreciation Slowdown | Property Nova

Reflects Home Value Appreciation Slowdown


Posted on: Wednesday, 26th, February, 2020.
  • The names of the fallen

    In November 2019, typical home values fell below $1 million in San Jose, Calif., San Quentin, Calif., Lexington Hills, Calif., and Laie, Hawaii.  Assuming current rates of decline hold in 2020, five more cities will lose their $1 million status in 2020: Kailua, HI; Milpitas, Calif.; Harding Township, New Jersey.; Daly City, Calif; and Fremont, Calif.

    The names of the rising

    The typical home value in seven cities eclipsed the $1 million mark during the course of 2019 —  Santa Ynez, Calif.; Telluride, Colo.; Forest Hills, Tenn.; Sierra Madre, Calif.; McLean, Va.; Moose, Wyo.; and Redondo Beach, Calif. 

    If current rates of appreciation hold, 11 cities will join the $1 million club this year — Needham, Mass.; Edgartown, Mass.; Longport, N.J.; and the California cities of East Pasadena, Glen Ellen, Alameda, View Park-Windsor Hills, Avila Beach, Clayton, Carmel Valley and Dana Point. 

    What does $1 million buy?

    The typical $1 million home in the U.S. is a detached, single-family house that’s about 2,200 square feet with four bedrooms and two-and-a-half bathrooms, according to a separate Zillow® analysis.

    Of course, the value of any home depends greatly on where it’s located. In El Paso Texas, $1 million buys you a 7,000 square foot, five-bedroom, five-and-a-half-bath house. In San Francisco, it’ll get you a three bedroom, one bath single-family house with 1,150 square feet. 



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    Article Author:
    Emma Ocholla

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    Zaaton Property
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    Reflects Home Value Appreciation Slowdown

    By Zaaton Property


  • Business:
    Zaaton Property
  • Office Number:
    0428422913
  • Address:
  • Vendor Phone:
    0428422913
  • Next Open House:
  • Visit Our Website