Should Your Home Sell For More?

Are you thinking of selling your home and wondering what kind of return you might see? Today, we're diving into real data, comparing recent sales to original purchase prices for various Ukiah properties.

Market Insights:

This isn't a one-size-fits-all analysis. Here are some examples from the last 3 months:

• Lockwood Drive: Purchased in 2005 for $300,000, foreclosed on in 2022 for $333,000, and recently sold for $230,000. This case highlights the impact of foreclosure on property value.
• Yos Drive: Bought in 1996 for $170,000, this multi-unit property recently sold for an impressive $535,000!

Success Stories and Missed Opportunities:

• Oakmanor Drive: Purchased for $198,000 in 2011, this home saw significant appreciation, selling for $485,000 in 2021. However, the subsequent owner may not have maximized profit, selling in 2024 for $499,000.
• Washo Drive: This property demonstrates smart investment. Bought for $127,000, it recently sold for a significant gain at $480,000.

A Cautionary Tale:

• Booneville Road: This large property (3,800 sq ft) had a rollercoaster ride. Purchased in 2003 for $636,000, it sold for $1.6 million in 2007, then dropped to $619,000 in 2012. Finally, it sold in 2024 for $1.1 million after a lengthy listing period.

Deerwood Anomaly:

This property serves as a reminder of market fluctuations. Sold for $325,000 in 2021, it recently dropped drastically to $87,500 in 2024.

The Takeaway:

While real estate can be a great investment, market conditions, and individual circumstances can affect returns.

Ready to Unlock Your Ukiah Home's Potential?

Get a free automated valuation of your property below!

Want to Learn More?

• Market Updates Videos: Explore market trends and insights on my YouTube channel (link below).
• FREE Guide to Unlocking Ukiah: Discover valuable resources to navigate the Ukiah market (link below).
• Thinking of Buying or Selling? Let's connect! Visit my website (link below) to get started.

See you next time!

Links:

• Free Home Valuation: [link to free home valuation tool]
• Market Updates Videos: https://www.youtube.com/playlist?list=PL6LH-BGuv0J6uS9xw9VeHresKzrP5UNrN
• FREE Guide to Unlocking Ukiah:https://kasie.realtor/unlockingukiah
• Kasie Gray Realtor: https://kasie.realtor