We all know that home prices have fallen dramatically over the past few years. Have you ever asked yourself how much? I have pulled some of the current listings in Rancho San Diego and then took a look at what they last sold for as a comparison. Here is what I found...
1 bedroom, 1 bath condo in Rancho Villas is listed for $128,000 today. In 2005 it sold for $316,500.
3 bedroom, 2.5 bathroom, attached twin home off of Hilton Head is listed for $195,000. It sold for $440,000 in 2005.
4 bedroom, 2.5 bathroom home on Sawgrass in Corte Madera development is listed for $369,900. In 2005 is sold for $750,000
When you compare today's prices to prices of the past, it is easy to see why everyone is saying it is a great time to buy. And remember, interest rates are also at an all time low.
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