How have home prices in the Warsaw / Kosciusko County area fluctuated up and down since 2004?

Asked by Dan, Warsaw, IN Sat Jun 23, 2007

If a home was valued (appraised) at $150k at the beginning of 2004, what was it's value at the beginning of 2005, 2006 and 2007?

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Mark Skibowski Team’s answer
Mark Skibows…, Agent, Warsaw, IN
Thu Nov 13, 2008
Dan...the answer to your question is that it depends! Location and condition play a significant role in the market value of a property. Our marketplace hasn't seen the declines advertised in the national media, however we have seen a slowing in appreciation. Considering an average home in good condition home values today would be the equivalent to 06/07 values. Assuming 3% average appreciation and recent market fluctuation a home priced at $150,000 in 04 would market at approximately $155-$160K today. Hope that answers your question!
Web Reference:  http://www.warsawmark.com
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