{"id":3962,"date":"2017-04-28T00:00:00","date_gmt":"2017-04-28T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/home-sellers-are-pocketing-more-money\/"},"modified":"2017-04-28T00:00:00","modified_gmt":"2017-04-28T00:00:00","slug":"home-sellers-are-pocketing-more-money","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/home-sellers-are-pocketing-more-money\/","title":{"rendered":"Home Sellers Are Pocketing More Money"},"content":{"rendered":"

\n<\/p>\n

\n <\/p>\n
<\/p>\n

Homeowners who sold in the first quarter realized an average price gain of $44,000 since purchase. That represents an average 24 percent of return on the purchase price, which is the highest average price gain for home sellers in terms of both dollars and percent returns since the third quarter of 2007, according to ATTOM Data Solutions\u2019 First Quarter 2017 U.S. Home Sales Report.<\/p>\n

\n

Read more<\/strong>: Is This the Best Seller’s Market Ever?<\/span><\/p>\n<\/blockquote>\n

\u201cThe first quarter of 2017 was the most profitable time to be a home seller in nearly a decade, and yet homeowners are continuing to stay put in their homes longer before selling,\u201d says Daren Blomquist, senior vice president with ATTOM Data Solutions. \u201cThis counterintuitive combination is in part the result of the low inventory of move-up homes available for current homeowners, while also perpetuating the scarcity of starter homes available for first-time home buyers.\u201d<\/p>\n

Homeowners who sold in the first quarter had owned their home for an average of 7.97 years, the report showed. Between the first quarter of 2000 and third quarter of 2007, before the Great Recession, average homeownership tenure was 4.26 years.<\/p>\n

Still, \u201cthere are some early signs this inventory logjam may be loosening up in some markets, with the average homeownership tenure down from a year ago in nine of the 66 markets we analyzed, including Memphis, Dallas, Boston, Portland [Ore.], and Tampa,\u201d Blomquist says. \u201cSky-high potential price gains may be finally prompting more homeowners to sell.\u201d<\/p>\n

Among 97 metro areas with at least 1,000 home sales in the first quarter that ATTOM Data Solutions analyzed, the following had the highest average price gain since purchase that was realized by home sellers:<\/p>\n

    \n
  1. San Jose, Calif.: $356,500 average price gain<\/li>\n
  2. San Francisco.: $276,750<\/li>\n
  3. Los Angeles: $187,000<\/li>\n
  4. Honolulu: $161,110<\/li>\n
  5. Oxnard-Thousand Oaks-Ventura, Calif.: $160,000<\/li>\n<\/ol>\n

    California markets still dominated the list when looking at the metro areas with the highest return by percentage on the previous purchase price. The top five markets were:<\/p>\n

      \n
    1. San Jose, Calif.: 71% average ROI<\/li>\n
    2. San Francisco: 65%<\/li>\n
    3. Seattle: 56%<\/li>\n
    4. Portland, Ore.: 52%<\/li>\n
    5. Modesto, Calif.: 51%<\/li>\n<\/ol>\n

      Source: \u00a0<\/span>RealtyTrac<\/em><\/p>\n<\/div>\n<\/div>\n

      [ad_2]
      \n
      link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

      Homeowners who sold in the first quarter realized an average price gain of $44,000 since purchase. … Home Sellers Are Pocketing More Money<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":3963,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[1403,15239,12908,543,215,248,10,5254,3051,627,127,1007,41,818,61],"class_list":["post-3962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-buy","tag-chase","tag-home","tag-home-buying-guide","tag-home-sale","tag-home-sales","tag-home-sell","tag-home-sellers","tag-homeowner","tag-homeowners","tag-homes","tag-owners","tag-property","tag-real","tag-seller"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/o9jvo7d_jbE","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":7992,"url":"https:\/\/amazingproperty.com.ng\/blog\/its-the-best-time-to-sell-in-a-decade\/","url_meta":{"origin":3962,"position":0},"title":"It\u2019s the Best Time to Sell in a Decade","author":"Amazing Property","date":"February 2, 2018","format":false,"excerpt":"Prices are rising and homeowners are staying put longer, and that means more homeowners can cash in when they go to sell. Home seller profits surged to a 10-year high in the fourth quarter of 2017. Sellers saw an average home price gain since purchase of $54,000, up from $47,133\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"1 Rss.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/1_rss.png?fit=599%2C586&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/1_rss.png?fit=599%2C586&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/1_rss.png?fit=599%2C586&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":5546,"url":"https:\/\/amazingproperty.com.ng\/blog\/sellers-net-highest-profit-in-a-decade\/","url_meta":{"origin":3962,"position":1},"title":"Sellers Net Highest Profit in a Decade","author":"Amazing Property","date":"July 31, 2017","format":false,"excerpt":"Home sellers in the second quarter of this year sold their properties for an average $51,000 more than they paid for them when they bought them. That\u2019s the highest price gain for sellers since the second quarter of 2007, when it was $57,000, according to a new report by real\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/1_rss.png?fit=599%2C659&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/1_rss.png?fit=599%2C659&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/1_rss.png?fit=599%2C659&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":628,"url":"https:\/\/amazingproperty.com.ng\/blog\/sellers-see-biggest-profits-since-2007\/","url_meta":{"origin":3962,"position":2},"title":"Sellers See Biggest Profits Since 2007","author":"Amazing Property","date":"February 3, 2017","format":false,"excerpt":"[ad_1] Homeowners who sold in 2016 saw an average home price gain since purchase of $38,206 \u2013 or a 21 percent, on average, increase since purchase, ATTOM Data Solutions repots in its Year-End 2016 U.S. Home Sales Report. That's up from an average 13 percent gain in 2015, and it\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7184,"url":"https:\/\/amazingproperty.com.ng\/blog\/underwater-homes-are-drying-up\/","url_meta":{"origin":3962,"position":3},"title":"\u2018Underwater\u2019 Homes Are Drying Up","author":"Amazing Property","date":"November 22, 2017","format":false,"excerpt":"As more homeowners see their property values rise, the number of homes that are seriously underwater continues to decrease. At the end of the third quarter, there were 4.6 million U.S. properties considered seriously underwater, which is down by more than 1.4 million properties from a year ago, according to\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"1 Rss.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/1_rss.png?fit=599%2C586&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/1_rss.png?fit=599%2C586&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/1_rss.png?fit=599%2C586&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":8610,"url":"https:\/\/amazingproperty.com.ng\/blog\/equity-rich-properties-hit-tipping-point\/","url_meta":{"origin":3962,"position":4},"title":"Equity-Rich Properties Hit Tipping Point","author":"Amazing Property","date":"May 3, 2018","format":false,"excerpt":"The number of equity-rich properties in the U.S. may have reached a tipping point, according to ATTOM Data Solutions\u2019 First Quarter 2018 U.S. Home Equity & Underwater Report. Equity-rich properties in the U.S. in the second quarter are down from their peak in the second quarter of 2017. ATTOM Data\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"1 Rss.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/05\/1_rss.png?fit=599%2C586&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/05\/1_rss.png?fit=599%2C586&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/05\/1_rss.png?fit=599%2C586&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":5581,"url":"https:\/\/amazingproperty.com.ng\/blog\/which-grocery-store-lifts-home-values-most\/","url_meta":{"origin":3962,"position":5},"title":"Which Grocery Store Lifts Home Values Most?","author":"Amazing Property","date":"August 4, 2017","format":false,"excerpt":"Homeowners living near a Trader Joe\u2019s grocery store saw their property values increase an average 67 percent over five years, according to a study released by real estate data firm ATTOM Data Solutions. Owners close to Whole Foods\u2014a trendier and pricier grocery option\u2014didn\u2019t fare as well, garnering 52 percent appreciation\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/Grocery%20Stores_ATTOM%20Data%20Solutions.png?fit=383%2C1200&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/3962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=3962"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/3962\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/3963"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=3962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=3962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=3962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}