Rule of thumb for your home’s change in value

Wandering through the Zip Code Real Estate Notebooks in the right-hand margin, I came to this conclusion;

The worst zip codes have seen a $50 per square foot fall in median home price from the peak.
The typical zip codes have seen a $40 per square foot fall in median home price from the peak.
The best zip codes have seen a $30 per square foot fall in median home price from the peak.

Do you know the size of your home?

Do the math.

March 23, 2008 by Realtor John Wake

About The Author

John Wake

Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.

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