Recent townhouse buyers should be smiling!

As a continuation of yesterday's analysis, it is worth pointing out that townhouse buyers over the past three years (2011-2013) should be quite pleased with their purchase.  Their townhouse is likely to be worth 6% - 13% more than when they bought it -- based on overall increases we have seen in the median sales price of attached dwellings over the past several years.

As noted yesterday, the chart above is calculated based on comparing the median sales price in 2014 to the median sales price in each of the prior 14 years.

Of course, your townhouse may have performed (from a value perspective) differently than this chart would suggest.  These calculations are based on median sales prices during the given time periods.