Real Estate and Silver Prices
Silver demand is up but silver prices are down. Real estate sales are down, yet home prices are up.
How To Buy Gold
Fractional American Gold Eagles in 1/10, 1/4 and 1/2 oz Sizes for Smaller Budgets
How to Buy Silver
10 oz. Silver Bars Near Spot from BGASC.com
UPDATE September 5, 2013: Sales of U.S. Silver Eagles reach 33,750,000 year to date, passing 2012 total sales of 33,742,500 and heading towards 2011’s record 39,868,500.
UPDATE November 26: sales of U.S. Silver Eagles pass 41,0000 year to date setting an all time annual record/pending home sales fall for fifth month in a row-hit ten month low
The price of silver is declining while real estate values are climbing.
Sales of U.S. Silver Eagles are at a record pace. Sales of new homes are at relative historic lows.
Silver at $18.79 an ounce today is trading below its 1980 high of $50 an ounce. The median new home price now is at an all time high.
Here are your apples to oranges silver/real estate morning charts:
Year # U.S. Silver Eagles Sold by the U.S. Mint January-June
2006 6,521,000
2007 3,477,000
2008 9,060,000
2009 13,824,500
2010 18,168,000
2011 22,403,500
2012 17,392,000
2013 25,043,000
Year Average Price per Ounce
2006 $11.54
2007 $13.38
2008 $14.99
2009 $14.67
2010 $20.19
2011 $35.12
2012 $31.15
2013 $26.69
Current price of Silver – 6/28/2013: $18.78
Source: U.S. Mint
For comparison here are the average prices of silver from 1979-1981 prior to the minting and sale of U.S. Silver Eagles that began in 1986:
Year Average Price per Ounce
1979 $21.79
1980 $16.39 -Silver hit a high of $49.45 per ounce in January of 1980
1981 $8.43
Silver Price Source: Kitco
Here is a chart showing the number of new homes sold:
Year # of new homes sold
1979 709,000
1980 545,000
1981 436,000
2005 1,283,000
2006 1,051,000
2007 776,000
2008 485,000
2009 375,000
2010 323,000
2011 306,000
2012 368,000
Source: US Census
Here are charts showing the Median New Home Price by Year
Year Median New Home Price
1979 $62,900
1980 $64,600
1981 $68,900
2005 $240,900
2006 $246,500
2007 $247,900
2008 $232,100
2009 $216,700
2010 $221,800
2011 $190,000
2012 $211,312
New Home Price Source: US Census
Median Home Price Source 2011, 2012: Zip Realty
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Further Reading:
Homes Priced in Ounces of Silver
Gold and Silver Price Manipulation – Suspected
The Silver to Gold Sales Ratio – September 2013
12 Key Differences Between Silver and Gold
The Gold Silver Ratio vs. the Silver Gold Sales Ratio
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