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Índice Inmobiliario / Real Estate Index

 Índice Inmobiliario / Real Estate Index:Real Estate Index is a methodology use to measure the housing market. Real Estate Index is tracking changes in the value of real estate market. Example: If housing market on the February 2013 went up by 2% compare with January 2013, that means the Real Estate Index value in February 2013 will be 2% greater than January 2013. If the value of Real Estate Index in January 2013 = 100, then Real Estate Index in February 2013 = 102, that is 2% increase. If the value of Real Estate Index in January 2013 = 200, then Real Estate Index in February 2013 = 204, that is 2% increase. If the value of Real Estate Index in January 2013 = 1000, then Real Estate Index in February 2013 = 1020, that is 2% increase. Real Estate Index could have different values, it all depends at what value they started and when they started. but they always truck the increase or decrease of housing market percentage wise. Let's do three abstract examples based on 2% increase in Real Estate Index value (January 2013 to February 2013) Property number 1 valued at \$ 895,000.00 in January 2013 = \$ 912,900.00 in February 2013 Property number 2 valued at \$ 320,000.00 in January 2013 = \$ 326,000.00 in February 2013 Property number 3 valued at \$ 2,100,000.00 in January 2013 = \$ 2,142,000.00 in February 2013 Real Estate Index could help in calculating the fair price of property. Real Estate Statistics using Real Estate Index. US Real Estate Composite 20 Index* value - 136.6 January 2012 to 147.86 January 2013 - that is an increase 8.24 % PA Los Angeles Real Estate Index value - 161.54 January 2012 to 181.53 January 2013 - that is an increase 12.37 % PA Detroit Real Estate Index value - 68.86 January 2012 to 80.41 January 2013 - that is an increase 16.77 % PA Vancouver Real Estate Index value - 168.84 January 2012 to 164.55 January 2013 - that is a decrease 2.54 % PA Quebec Real Estate Index value - 165.61 January 2012 to 175.53 January 2013 - that is an increase 5.98 % PA New Zealand Real Estate Index value - 406.73 December 2011 to 432.67 December 2011 - that is an increase 6.38 % PA Sydney Real Estate Index value - 300.02 December 2011 to 4312.50 December 2011 - that is an increase 4.16 % PA Hobart Real Estate Index value - 276.57 January 2012 to 259.67 January 2013 - that is a decrease 6.11 % PA * US Real Estate Composite 20 Index is made of 20 major US cities: CA - Los Angeles  CA - San Diego  CA - San Francisco  CA - Denver  CO - Washington  DC - Miami  FL - Tampa  FL - Chicago  IL - Boston  MA - Charlotte  NC - Las Vegas  NV - New York  NY - Cleveland  OH - Portland  OR - Texas  WA - Seattle MI - Detroit MN - Minneapolis GA - Atlanta AZ - Phoenix