RealtyTrac vp Daren Blomquist has one of his good-news-only data releases, as he offers topline commentary on the RealtyTrac 2017 U.S. Home Sales Report, which looks at what home sellers realized in terms of gains from their original purchase price.
Blomquist notes that 2015, like 2014, was a year for the average residential property seller to make a gain vs. the price he or she had paid to own in the first place. In 2015, that average gain was $20K, or 11% over the original purchase price. Blomquist's commentary includes this bit of take-away:
Among 155 U.S. counties analyzed for the report, those where 2015 home sellers realized the highest average price gains were San Mateo County, California, in the San Francisco metro area (65 percent average home price gains for 2015 home sellers); Alameda County, California, also in the San Francisco metro area (64 percent average gain); Santa Clara County, California, in the San Jose metro area (63 percent average gain); Middlesex County, New Jersey, in the New York-Newark-Jersey City metro area (52 percent average gain); and Multnomah County, Oregon, in the Portland metro area (49 percent average gain).