I hope you are doing well, and look forward to talking with you again soon!
I am a Realtor with Alain Pinel and I specialize in the Upper Rockridge, Rockridge, and Elmwood areas. I also send out a monthly update of recently sold, pending, and active properties for this area. Iâ€™d be happy to add you to our mailing list if you would like to receive this information.
By using the Trendgraphix, the change in market value for properties over $800,000 has changed from a low of $380.00 per square foot in August 2002 to a current $460.00 per square foot. The market experienced a high in 2005, 2006, and 2007 of $580.00 per square foot. The average price for sold property in 2002 was approximately $1.1, it jumped to a high of $1.6 in 05 and 06 and currently is back at $1.1 as an average in May of 08.
I have an interesting graph about this, but it was too large to pop into this window. Overall the market has risen from a high of a 10% increase in 2005 to 3% in 2007. I can look into a current "health of the market" through 2008 a bit later today and respond here.