Blog Posts By Date: October 2020
Photo by David Vives on Unsplash
Key Takeaways: The largest decrease in profit margins in the Bay Area was in San Francisco, C.A. is down from 71.3% to 64.5%. The most profit margins in the country with 14 of the top 15 typical home-sale returns on investment in the third quarter led by San Jose, C.A. at an 89% return. The top metro areas with a population of at least 1 million, where distressed sales made up the smallest portion of all sales in the third quarter were San Jose at 2.6%, and San Francisco, CA at 3%. A staggering 67.4% of listings in the combined statistical area of San Francisco-San Jose faced bidding wars. Overview: ATTOM Data Solutions, the curator of the nation’s premier property database, and the first property data provider of Data-as-a-Service (DaaS). Released a report that reveals that the typical third-quarter 2020 home sale in the United States generated a gain of $85,000, up from $75,000 in the second quarter of 2020, and $66,000 in the third quarter of last year. The typical $85,000 home-sale profit represented a 38.6% return on investment compared to the original purchase price, up from 37.5% in the second quarter of 2020 and up from 33.7% a year ago. more...