I just had an appraisal done on a property I just sold in North Gables. I thought it would be interesting to share these findings of property values THEN AND NOW for the area. According to this appraiser, property values have depreciated 4% yearly over the past 5 years. Here are 5 homes that sold both (THEN AND NOW).
1236 Obispo Avenue
Then (Feb. 2005) $1,225,000.
Now (April 2010) $990,000.
3.71% Yearly Decline
1221 Alhambra Circle
Then (May 2006) $675,000.
Now (April 2010) $535,000
5.30 % Yearly Depreciation
828 Milan Aveune
Then (January 2005) $765,000.
Now (April 2010) $700,000.
1.62% Yearly Depreciation
1203 Columbus Boulevard
Then (May 2005) $599,000.
Now (March 2010) $399,000.
6.91% Yearly Depreciation.
1412 Medina Avenue
Then (August 2003) $450,000.
Now (March 2010) $375,000.
2.53% Yearly Depreciation.
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