Home Appreciation

It’s critical that you select an agent in Eastchester who recognizes the factors that influence local prices.

A lot of people assume that the economy is the most influential factor impacting real estate appreciation.

Obviously, there are quite a few factors on a national level that change your property’s value: unemployment, interest rates, consumer confidence, and more.

However, your home’s value and the elements that play the most significant role in its appreciation are specific to the local Eastchester economy and housing market.

Access to services

Being close to schools, employment and amenities like shopping, restaurants and entertainment is a big deal to a lot of us and will greatly influence home values.

So when it comes to keeping their value, these regions consistently appreciate better than others.

The latest home sales

You should receive data on the recent real estate sales in the regions that you’re interested in from your agent. You’ll want to analyze figures like how long a house stays on the market and asking price as opposed to the selling price.

History of appreciation

In the past 5-10 years, have home prices risen or declined? Does location or affordability affect how desirable the neighborhood is believed to be?

Economic factors

Have companies moved into or away from an area? Are local companies hiring? Is there a fair blend of jobs in an area, or does it rely upon just one industry?

Each of these items plays a role.