{"id":7992,"date":"2018-02-02T00:00:00","date_gmt":"2018-02-02T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/its-the-best-time-to-sell-in-a-decade\/"},"modified":"2018-02-02T00:00:00","modified_gmt":"2018-02-02T00:00:00","slug":"its-the-best-time-to-sell-in-a-decade","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/its-the-best-time-to-sell-in-a-decade\/","title":{"rendered":"It\u2019s the Best Time to Sell in a Decade"},"content":{"rendered":"

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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<\/a> gain since purchase of $54,000, up from $47,133 a year ago.<\/p>\n

That $54,000 average seller profit represents an average 29.7 percent return on investment compared to the original purchase price. That is the highest average home seller return on investment since the third quarter of 2007, according to ATTOM Data Solutions\u2019 Q4 2017 Home Sales Report, released this week.<\/p>\n

\u201cIt\u2019s the most profitable time to sell a home<\/a> in more than 10 years, yet homeowners are staying put longer than we\u2019ve ever seen,\u201d says Daren Blomquist, senior vice president at ATTOM Data Solutions. \u201cWhile home sellers on the West Coast are realizing the biggest profits, rapid home price appreciation in red state markets is rivaling that of the high-flying coastal markets and producing sizable profits for home sellers in those middle-American markets as well.\u201d<\/p>\n

Among the 155 metro areas that ATTOM Data Solutions\u2019 tracked, the locales with the highest average home seller ROI were: San Jose, Calif. (90.9%); San Francisco (73.3%); Merced, Calif. (64.6%); Seattle (64.4%); and Santa Cruz, Calif. (59.8%).<\/p>\n

Meanwhile, homeownership tenure set a new record high in the fourth quarter of 2017. Homeowners who sold in the quarter had owned their homes on average 8.18 years, up from 7.78 years in the fourth quarter of 2016. It is the longest average home seller tenure since ATTOM Data Solutions has tracked it starting in the first quarter of 2000.<\/p>\n