Are things starting to catch up with my neighborhood?
Williamson Park has always just had one or two houses for sale at a time. Now we've got 4 houses for sale, and I know that a couple of the houses that were for sale previously, are being rented.
Thing is, our neighborhood is really well maintained, with only a few weeds here and there, and no dead lawns, leaning fences, or overturned flowerbeds.
Still....it looks like it's catching up what I've always thought was a very stable neighborhood.
So, looking at the "For Sale" prices, I'd have to estimate our house is worth, maybe, 10% higher still than we paid for it (not counting improvements, which I doubt would count for much in asking price). We bought at 1983 prices (prices started jumping just a couple of months after we closed), but I wouldn't be surprised to see prices drop to or slightly below what we paid.(CORRECTION!: Holy Cow, where did that come from? I meant we bought our house at 2003 prices. Sheesh.)
We've paid down about 35k so far, so even then we probably have a small amount of equity.
Doesn't matter. We're staying, and we're rapidly paying off the house, so it's all pretty moot.
6 days ago