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March 5, 2009

Where Can Information be Found on the National Average Real Estate Increases Over the Past Ten Years?

1
par5eagle3 asked:


looking for links to florida specifically. thinking about purchasing in naples but don't/will not pay over inflated prices. I am aware that the prices in this area are overinflated. I wish to make any offer based on historical data minus the artificial inflation of price. want to base offer on average per year times number of years owned by occupant. this I think is fair. Am I crazy for thinking this?



Mobile home adult community Vero Beach Florida 55
Mobile home adult community Vero Beach Florida 55
   US $2,700.00
2BR Marriotts Royal Palms Timeshare Orlando Florida
2BR Marriotts Royal Palms Timeshare Orlando Florida
   US $100.00
FLORIDA 2006 Lehigh Acres 3 2 2 NEVER LIVED IN
FLORIDA 2006 Lehigh Acres 3 2 2 NEVER LIVED IN
   US $54,500.00
31 AC CENTRAL FLORIDADIRT ROADSDISNEY BEACH NEAR
31 AC CENTRAL FLORIDADIRT ROADSDISNEY BEACH NEAR
   US $202.50
2 BR ORLANDO Florida RED WEEK Disney TIMESHARE DEED
2 BR ORLANDO Florida RED WEEK Disney TIMESHARE DEED
   US $297.00
Wyndham 168K POINTS Five Star SOUTH FLORIDA Timeshare
Wyndham 168K POINTS Five Star SOUTH FLORIDA Timeshare
   US $297.00
WALT DISNEY WORLD Five Star ORLANDO Florida Timeshare
WALT DISNEY WORLD Five Star ORLANDO Florida Timeshare
   US $97.00
Wyndham 154K POINTS Pompano Beach FLORIDA Timeshare
Wyndham 154K POINTS Pompano Beach FLORIDA Timeshare
   US $597.00
Florida KEY LARGO Red Week BAY VIEW Timeshare DEED
Florida KEY LARGO Red Week BAY VIEW Timeshare DEED
   US $1.00
2 BR ORLANDO Disney FLORIDA Lakefront TIMESHARE Deed
2 BR ORLANDO Disney FLORIDA Lakefront TIMESHARE Deed
   US $97.00
2BR SHERATON VISTANA Disney FIVE STAR Florida TIMESHARE
2BR SHERATON VISTANA Disney FIVE STAR Florida TIMESHARE
   US $1.00
WATERFRONT PORT CHARLOTTE PUNTA GORDA FLORIDA LOT LAND
WATERFRONT PORT CHARLOTTE PUNTA GORDA FLORIDA LOT LAND
   US $10,500.00
3 BR Lockoff DISNEY Orlando FLORIDA Red Week TIMESHARE
3 BR Lockoff DISNEY Orlando FLORIDA Red Week TIMESHARE
   US $1,297.00
2 BR Gold Crown FLORIDA Daytona OCEANFRONT Timeshare
2 BR Gold Crown FLORIDA Daytona OCEANFRONT Timeshare
   US $1,797.00
2BR MIAMI Red Week BEACH Lauderdale FLORIDA Timeshare
2BR MIAMI Red Week BEACH Lauderdale FLORIDA Timeshare
   US $297.00
60K RCI Points FLORIDA Gold Crown DISNEY Timeshare DEED
60K RCI Points FLORIDA Gold Crown DISNEY Timeshare DEED
   US $1.00
WESTGATE ORLANDO II FLORIDA TIMESHARE DISNEY LAKE GOLF
WESTGATE ORLANDO II FLORIDA TIMESHARE DISNEY LAKE GOLF
   US $.25
Florida GoldCrown 168K Wyndham Points Timeshare 4 Sale
Florida GoldCrown 168K Wyndham Points Timeshare 4 Sale
   US $100.99
Palm Beach FLORIDA Gold Crown 2BR LockOFF RED Timeshare
Palm Beach FLORIDA Gold Crown 2BR LockOFF RED Timeshare
   US $1.00
Wyndham SOUTH FLORIDA Beach GOLD CROWN Timeshare DEED
Wyndham SOUTH FLORIDA Beach GOLD CROWN Timeshare DEED
   US $97.00
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Tags: estate increases, Inflation, Occupant.

Filed under Renting & Real Estate by admin on Mar 5th, 2009. Comment. #

Comments on Where Can Information be Found on the National Average Real Estate Increases Over the Past Ten Years? Leave a Comment

March 8, 2009
Reply

John @ 10:15 am #

I think you are making some bad assumptions.

A few comments

1. It is hard to use any sort of national average as there are large differences. FL has a net influx of people while NY state largely does not (strip out NYC to really show the trends).

2. Jacksonville FL has areas that are not going to be desirable even with a growing population. Naples is not even close in comparison.

3. You can look at the historical numbers for Naples. You can get the info from the county or from the local Realtor board. You will need to adjust for the property type. You also need to understand how often people have been improving or expanding the properties in the sample if you want to compare apples to apples. Even then it will less than perfect.

Here is an alternative suggestion. Focus on what the market prices seem to be now for the areas that have your attention. Then hunt really hard for a seller who wants out more than they care about the price. Even in a hot or rising market their can be deals from sellers who have other problems to solve. Solve their problem and you can largely name your price (relatively speaking).

If you can buy 1 property that is 20% or 30% below the present market levels you have room for the market to cool before it impacts you.

There are other factors at work. Are you going to live there or is this a rental? Can you lease option a place and live there for a long period of time before needing to purchase?

Note I have been a RE investor for over 20 years with experience in many market in and outside the US. There are peaks and valleys. Gain an advantage by doing better homework but do not assume that there is a correct level of appreciation because historically it was somehow lower. Look at the demographics when trying to predict where things are heading.

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