Those home values just keep going up and up…
A few months ago, I showed you some of the most shocking home value increases in Ocean County. Since the results were so crazy, I decided to take a look at homes in Monmouth County…and it was just as good. Have you looked around Zillow recently?
Before we dive in, here’s a refresher on how I got these results. First, the 2022 value of the house is the price at which it is sold. I got a little feedback that the Zestimate section isn’t the most reliable, so this time I looked at the last price the house sold for, the furthest year being 2019.
In order to calculate the percentage increase in the value of the house, I used a formula of Premier Atlanta Real Estate website, which involved subtracting the old price from the new price, then dividing that number by the old price. Once I got that number, I moved the decimal point 2 places to the right to get my percentage.
Hooray for math!
Look at this increase – this Spring Lake home has gone up more than half of the original amount in just under 3 years. And you know it’s not the craziest thing I’ve found…
If you’re buying a home right now, let me tell you how I feel for you, especially after taking a look at these increases in home values over the past few months.
Take a deep breath and try not to lose your mind as you watch the most shocking home value increases in Monmouth County!
Shocking increases in home values in Monmouth County
What a difference a year or two makes! Check out these dramatic increases in Monmouth County home values!
Find out now about the most shocking home value increases in Ocean County
What a difference a year makes! Check out these dramatic increases in Ocean County home value!