Top 10 Biggest Home Price Spikes Across the US:
Data from the most recent Trulia Price Monitor shows that asking home price are up 8.3% year-over-year across the nation. But, as with all things real estate, the local data is what matters most.
Top 10 metros for asking home price gains
# U.S. Metro
Y-o-Y% change in prices
1 Las Vegas, NV
28.5%
2 Oakland, CA
26.3%
3 Sacramento, CA
25.6%
4 Phoenix, AZ
23.3%
5 San Jose, CA
22.9%
6 Bakersfield, CA
19.0%
7 Orange County, CA
18.6%
8 San Francisco, CA
18.1%
9 Riverside-San Bernardino, CA
18.1%
10 Warren-Troy-Farmington Hills, MI
18.0%
While we did not make the top 10, we did see a 15.8% price increase across the Coachella Valley (taken from DataQuick) for this year. Forecasters are expecting our market to rise another 17-18% in the next year.
If you are thinking about selling and have been toughing out the market , it is a good time. And if you are still on the fence about buying, I suggest you get off!
I can provide a comprehensive analysis on your homes value if you are considering selling or find you the best deal in your affordability range! Lets all make some money!