How much has your house gone down in value?

[Snodog]

At its peak in late 2007 our house was worth 190k and now its worth 179K.

[TBH]

How are you calculating this? Just curious....

I bought my house in May 09 so I very much hope it hasn't gone down in value yet.

[Radiance]

As it peak at 280 when I refinenaced (dumb, dumb, dumb)
Now at 160...
I had originally bought it at 170

TBH, You can search your estinated value at zillow dot com.

[Joan.of.the.Arch]

Mine has not been appraised since we bought it 16 years ago. Using zillow.com for a rough estimate, we may have lost 23% value from the highest point (also a zillow estimate). That does not matter to me, as we neither want nor need to sell. (The city acknowledges loss of value; our tax has been less money each of the last two years.)

[tripods68]

Our home peaked at $435K in 2005. The current value according to zillow $253K. We still owe $272K. Earlier this year it was down as low $212K. But somehow for the last 3 or 4 months, it went up some 19.3%. Go figure!

[MonkeyMama]

I've kept close eye on sales - I just find real estate interesting (how I know these figures).

2001: $280k (when we bought)
2005: $650k (Peak)
2009: $325k (appraisal for refi, January - I haven't seen anything similar sell for less than $300k, since the market tanked).

We owe $211k. Sacramento, CA

The irony is that real estate was really booming here in the 90s and when we moved here most of the old-timers thought we were crazy to pay $300k, and the "sky was falling."

We moved here from an extremely HCOLA area, so can't say we really cared either way - just glad to buy an affordable home. We often joke if we had a crystal ball we would have sold for $650k and bought the house back when it foreclosed. Everyone in our neighborhood who paid $500k+ has foreclosed. Every single last one.

(& believe me - we did almost sell at $650k. OF course - everyone was ready to sell their home at that price - it really was the tipping point. Thing was so many people moved here from more expensive areas of state, few had any real ties here - and were eager to sell - including us. Had lost of people moving here with deep pockets, and happy to flee when the price was right - why it was so high here and why it dropped so fast).

[Caoineag]

Bought in November 2009 a short sale in an area that is under going gentrification. We paid 137k, Assessor thinks its worth 166k and a lot of houses are selling for 200k+ (fixed up and we have a basement that needs some work). Betting that next year's tax assessment will go up. Your guess is as good as mine but betting the Assessor is correct at the moment.

I don't dare use zillow, it thinks my house is worth 300k because it doesn't realize that half of the sq ft is basement that needs to be brought up to code.

[Snodog]

How are you calculating this? Just curious....

As others have already mentioned I'm using Zillow. I know people have said that Zillow is'nt very accurate but for our area it is extremely accurate.

[Snodog]

Wow I'm surprised at the amount of losses so far. Looks like we have been fortunate.

[Justice44]

Re: How Much Has Your House Gone Down In Value

As it peak at 280 when I refinenaced (dumb, dumb, dumb)
Now at 160...
I had originally bought it at 170

TBH, You can search your estinated value at zillow dot com.

Why do you think it was foolish to re-finance?

[Ima saver]

Our house appraised at about 500K. I don't think the value has gone down to much because 2 acres with 500 feet of creek front has gone up a lot in value around here.

[MomEsq]

We bought our house at the peak in January 2005 for $285,000. Zillow informs me that the value is now $255,500 -which is up from the lowest estimate of $236,000 in Feb. of this year.

[zakity]

Ours is down like $40,000 at least. But, we bought it 10 years ago. We owe less than $100,000 on it.

[project15]

Bought a fixer upper last year for $179k. We put about $20k worth of work into it and zillow says it's worth $200k. So we're pretty even. If we had bought the same house 2 years ago at it's estimated price of $250k, we would have been screwed.

[cschin4]

Why does it really matter unless you are planning to sell? Real estate values will fluctuate. And, you can say "my house is supposedly worth X" but that doesn't mean you can sell it for that necessarily. You will sell it for whatever you can sell it for whenever you have to sell it. That is what it really is "worth".