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HousePriceIndex #HousingMarket #RealEstate #PropertyPrices
Hey everyone! π Have you ever wanted to track a house price since the last sale using the house price index? π π° I recently put together a project website to do just that and I’d love to share it with you all!
Here are a few key points about the website:
- I have been manually calculating house asking prices against what the seller originally paid for them, adjusted using the house price index from the Reserve Bank.
- It’s a great way to compare numbers, especially when someone bought at the peak and is now trying to sell for more given that prices have dropped since then.
- The website represents an average and may not take into account very specific differences in house value by region, but it’s a helpful tool for a general overview.
Check out the project website here: https://scottlillynz.github.io/NZ-HPI-Comparison/
I would love to hear your feedback on the website and if you find it useful! Let me know if you have any suggestions for improvements or features you’d like to see added. Happy tracking! ππ‘ #DataAnalysis #PropertyComparison #MarketTrends
This is cool! Thank you!! Super helpful
Cool. I like the idea. I didn’t find it useful without regional data though.
I have no idea why you would do this when you could just ask a real estate agent for comparable sales
Why?
Indexes are completely irrelevant to your street.
You want to know, just take the last sale on your street that you own or you want to buy into
Anything is just noise
I read an article on oneroof claiming that a house sold a year after purchase that sold for the same nominal price hadnβt made a loss.
Itβs amazing how many people forget about inflation, especially currently.
Not a comment on your work, good job!
I do pretty similar when calculating an estimate for our house but use the index for my area. Your calculator comes out a bit higher than my calculation. Mine comes out very similar to homes.co.nz – I know where in the range of estimate our house was and my calculation comes out pretty much spot on to same place in the range as it currently shows.
This is awesome ty
Property guru?
Or you could use the home estimate thing on home.co.nz
Cool website. I bought in June 23 and it reckons Iβm up 35k. Not that Iβm planning on selling but nice to know given the climate.
Although it’s an interesting tool it’s usefulness is heavily limited due to the fact that each region, type of house etc has it’s own market. E.g some regions have dropped nearly 30% from their peak, others less than 5%. Because the average is taken, it’s kind of useless as the data taken on a macro level.
Not trying to take anything away from the OP, it’s super interesting but just gave very little use that will accurate and something to consider.
I noticed some realtors last your putting stupid number on some.houses have not looked in while need 4o K more