Tracking home sales on your street
While we're on the subject of comparable sales:
I decided to try a simple same-house comparison on my parents' street in Columbia, with two-story houses built in 1973, some with basements and garages and some without. Specifically: What did homes sold in the last year bring the previous time they changed hands?
One sold last March for $345,000. It last sold in 2004 for $299,000.
One sold in April for $398,000. It last sold in 2005 for $304,000.
And finally, one sold in December for $350,000. Previous sale? Two months earlier, for $195,000. That's not precisely comparable because it was a buy-and-fix-up deal -- which just goes to show that flipping (the legal kind) ain't dead.
Want to play the same game in your neighborhood? Go to the state's Real Property Data Search. If it's a small street, you can choose the "Street Address" option and look up each property to see the details of previous sales. Or you can choose "Property Sales," enter your street and specify the timeline -- and then go look up the details of those recently-sold properties via the "Street Address" choice. (EDIT: You'll get better results if you uncheck "Non-Arms Length Other" while you're on the Property Sales page.)
You're welcome to share your findings in the comments.