These figures are Average sales prices for all houses, condos and townhomes combined.
SCC: +41% - between Jan. 2020 and Dec. 2021 - SMC: +40%
Along with these figures, here are a few data points:
Nationwide, borrowers had a record $9.4 trillion in tappable home equity collectively, or an average of $178,000 per borrower, according to Black Knight. In California, home sellers typically pocketed a net cash gain of $322,500 from the sale of their homes in 2021 – a 96% increase from the purchase price.
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Francis
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