Which Bay Area City Comes In #1 for Having Nations Highest Home Value Appreciation?

Like most investments, purchasing a home is no different, timing can be everything. Zillow analyzed cities with populations over 50,000 and found the luckiest home owners in America – those who bought in the right place at the right time.

These extraordinarily lucky home buyers have now seen the highest appreciation growth on their homes – most with home values that have nearly doubled in as little as four years!

The analysis tracked home purchases beginning in January 2006.

Below you’ll find the list of where the luckiest home buyers in America live, how much their home was purchased for and how much their home is worth today. You will see that this is a big win for Bay Area home buyers as they post some astounding numbers.

10. HAYWARD, CALIFORNIA

Month purchased: October 2011
Purchase value: $262,300
Current value: $466,900
Value growth: 78.0 percent

9. MOUNTAIN VIEW, CALIFORNIA

Month purchased: June 2009
Purchase value: $719,300
Current value: $1,289,600
Value growth: 79.3 percent

8. NORTH LAS VEGAS, NEVADA

Month purchased: January 2012
Purchase value: $92,900
Current value: $169,300
Value growth: 82.2 percent

7. ANTIOCH, CALIFORNIA

Month purchased: November 2011
Purchase value: $179,600
Current value: $328,100
Value growth: 82.7 percent

6. VALLEJO, CALIFORNIA

Month purchased: February 2012
Purchase value: $149,100
Current value: $276,900
Value growth: 85.7 percent

5. SAN PABLO, CALIFORNIA

Month purchased: December 2011
Purchase value: $170,400
Current value: $317,400
Value growth: 86.3 percent

4. LEHIGH ACRES, FLORIDA

Month purchased: January 2011
Purchase value: $58,600
Current value: $110,200
Value growth: 88.1 percent

3. PITTSBURG, CALIFORNIA

Month purchased: October 2011
Purchase value: $160,400
Current value: $315,200
Value growth: 96.5 percent

2. RICHMOND, CALIFORNIA

Month purchased: October 2011
Purchase value: $159,300
Current value: $324,500
Value growth: 103.7 percent

1. PALO ALTO, CALIFORNIA

Month purchased: September 2006
Purchase value: $1,170,300
Current value: $2,407,100
Value growth: 105.7 percent

It’s no surprise that with a thriving hi-tech economy, the Bay Area leads the nation representing 8 out of the 10 cities listed as having the healthiest real estate markets in America with Palo Alto bringing home the #1 spot. If you have been fortunate enough to have purchased at the right time in any of these Bay Area cities, congratulations on being one of the luckiest home owners in the nation!

If you are living in the San Francisco/Bay Area and would like to know how much your home is worth, the Red Bridge Group at Pacific Union in Noe Valley can you provide you with an in-depth home value analysis at no cost or obligation to you. Click here to contact us today.