Metros with Greatest Gains in Home Sellers’ Profits in Q1 2021

Key Highlights

• ATTOM Data Solutions indicates typical Q1 2021 home sale generated profit of $70,050
• This profit represented +34.2% ROI compared to original purchase price

Typical Q1 2021 Home Sale Generated Profit of $70,050 and ROI of 34.2%

ATTOM Data Solutions’ just released Q1 2021 Home Sales Report indicates that the typical home sale in Q1 2021 generated a profit of $70,050.  This $70,050 was down from Q4 2020’s profit of $75,750 but still up +26% y/y from Q1 2020’s profit of $55,750.

The Q1 2021 home sellers’ profit of $70,050 represented a +34.2% ROI compared to the home’s original purchase price.  This 34.2% was down from 37.1% in Q4 2020 but higher than 30.8% in Q1 2020.

This Q1 2021 report also indicated that typical profit margins rose from Q1 2020 to Q1 2021 in 88% of the metros ATTOM analyzed for this report.

Top 10 Metros with Greatest Gains in Home Seller Profit

Among metros with at least 1M people, metros that saw the greatest typical profits from home sales included the following:

• San Jose-Sunnyvale-Santa Clara

$575,000

• San Francisco-Oakland-Hayward
  • $420,000
• Los Angeles-Long Beach-Anaheim
  • $290,000
• Seattle-Tacoma-Bellevue
  • $259,000
• San Diego-Carlsbad
  • $241,250
• Portland-Vancouver-Hillsboro
  • $172,500
• Sacramento-Roseville-Arden-Arcade
  • $169,250
• Riverside-San Bernardino-Ontario
  • $165,000
• Salt Lake City
  • $165,000
• Nashville-Davidson-Murfreesboro-Franklin
  • $149,200

Metros with Biggest Annual Increases in Profit Margins

ATTOM’s analysis indicated that the largest annual increases in profit margins included the following metro areas:

– Knoxville TN               from 45% to 122.1%

– Nashville TN               from 48.2% to 92.1%

– Boise ID                     from 60.6% to 102.8%

– Crestview FL               from 23.7% to 58.7%

– Chattanooga TN          from 38.1% to 72.5%

All-Cash Sales in Q1 2021

All-cash sales nationwide in Q1 2021 represented 26.5% of single-family and condominium purchases.  This share of 26.5% is the highest level of all-cash sales since Q1 2019.

All-cash sales accounted for 22.9% in Q4 2020 and 26% in Q1 2021.

Metros with the highest share of all-cash transactions included:

– Reno NV               62.4%

– Macon GA             59%

– Naples FL              53.5%

– Ocala FL                51.2%

– Prescott AZ            47.5%

Tenure in Homes Sold in Q1 2021

ATTOM’s Q1 2021 Home Sales Report indicated that selling homeowners had owned their homes an average of 7.94 years, lower than the century high of 8.17 years in Q4 2020 but higher than the 7.7 years in Q1 2020.

Thanks to ATTOM Data Solutions.

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