https://www.redfin.com/CA/San-Jose/1367-Auzerais-Ave-95126/home/1038388
I wonder if it was under litigation in 2012, and that was a cash only price. It is definitely an impressive gain.
1 Like
Obviously has benefited greatly from more recent development(s) in San Jose (Google and such) and expansion of SV…
I couldn’t find any stats going back to 2012, but this was for 2014 (median TH price)…
It was sold for 403k in 2003. Its gain in the last 15 years is subpar.
Most owners around here probably made pretty hefty gains (on paper) over the last oh 5 years or so right?
You know how much I love the Sunset district. I bet SFH pricing increases in the Sunset going back to 2012 are pretty awesome too. Probably for a lot of places down in SV…
Ok, Outer Sunset is close (2012) 605K to now 1.42M (+134.7%) vs the above SJ example of (+143.6%) granted a lower and easier starting price point…
Maybe the real point is buy whatever you can afford as quickly as possible. That way you can take advantage of the rising tide, and you can trade up later. People that want to save until they can afford their dream home will never be able to afford it.
If you invested the down payment of $78k and invest an additional $1k/mo, then you’d have $306K after the 6 years (assuming 15%/yr return in recent bull market). Meanwhile, you’d have over $600k or more than twice as much from selling the townhouse.
3 Likes
That is my philosophy, and is what I did in 2003, bought a TH. Upgraded to a SFH in 2007 when stock market is very bullish.
2 Likes