Real Estate

How Much Has Your Granby-Area Home Value Changed Since 2004?

A Washington Post analysis looks at housing prices before and after the financial collapse.

EDITOR'S NOTE: This story was published earlier this week, and is repeated here in case you missed it.

By MARC TORRENCE (Patch National Staff)

Has your property value increased or decreased since 2004, when housing prices began to bubble only to collapse in 2007? How has your area recovered since then?

Find out what's happening in Granby-East Granbyfor free with the latest updates from Patch.

Those are the questions The Washington Post set out to answer, not just for the country overall but for individual towns and neighborhoods, a total 19,000 U.S. zip codes.

The results: One of the more impressive and useful interactive maps you'll ever use.

Find out what's happening in Granby-East Granbyfor free with the latest updates from Patch.

For example: The Washington Post reports that a single-family home in Granby is worth $250,525 on average in 2015, about 3 percent more than in 2004. Technically, a Granby home is worth $7,919 more now as compared to 2004.

A single-family home in East Granby is worth $261,722 on average in 2015, about 8 percent more than in 2004. Technically, an East Granby home is worth $18,237 more now as compared to 2004.

Post staffers Ted Mellnik, Darla Cameron, Denise Lu, Emily Badger and Kat Downs used data from Black Knight Financial Services to compare home prices from 2004, just as real estate prices started to skyrocket, to 2015.

The data does not account for inflation but does correct for foreclosures and distressed sales to better reflect home values, the Post said.

In Brooklyn, New York, for example, home prices have increased by 146 percent since 2004. But in Decatur, Georgia, a suburb outside of Atlanta, prices are down 25 percent.

Click here and simply punch in your zip code to find out your home's worth last year compared to 2004.

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