California Real Estate - Appreciation on Steroids
|
|
|
For the last five years, owners of California real estate have been hitting the ball out of the appreciation ballpark. Yes, a real estate market on steroids.
California
California is heavily populated from north to south along the coastline, but they state offers significantly different ecologies. In Northern California, one is much more likely to see signs of the four seasons, get cold temperatures and more historic feel in locations such as San Francisco. Southern California, on the other hand, has an extremely moderate climate with temperatures rarely dipping below 60 degrees even in the winter. Rainfall is also scant with San Diego receiving roughly 11 inches a year. If you are considering moving to California, there are two constants throughout the state.
Traffic
So many people have moved to the state that traffic can be a real issue even on weekends. Los Angles traffic is
|
|
|
legendary, but San Francisco and San Diego have their own congestion problems.
Earthquakes
Earthquakes are a constant throughout the state as the San Andres Fault bisects much of the state. Earthquakes happen all of the time, but they are typically very small. If you live in California for more than a month, you won't even notice them.
Beaches, Sun and Culture
There are serious benefits to living in California. Foremost, of course, are the beaches. If the thought of spending weekends and evenings on the beach appeals to you, this is the place. You'll pay a premium for it, but there is nothing like it. For example, the temperature in San Diego on October 5, 2005, the day I am writing this, is 79 degrees!
California Real Estate
California is an incredible place to live and real estate prices reflect it. Single-family home prices average as follows for the three major
|
|
|
TODAY'S NEWS:
Landmark Properties, in a venture with Harrison Street Real Estate Capital, LLC, announced today the start of construction on a 774 bed student cottage development in Tucson, Arizona.
A wealthy developer vowed Friday to open a rival newspaper unless he can bid against a former governor for control of The Philadelphia Inquirer and Philadelphia Daily News.
THE Malaysian Institute of Estate Agents (MIEA) aims to offer more training programmes and courses to enhance the level of professionalism of real-estate agents in the country.
|
|---|
|
metropolitan areas - $620,000 for San Diego, $1,300,000 for central San Francisco and $750,000 for central Los Angeles. As a general rule, the closer the home is to the ocean, the more it will cost.
As shocking as the prices are, the rate of appreciation is downright impossible to believe. In the last 12 months, California real estate has appreciated over 25 percent. For a 500,000 home, that is a gain of $125,000 in 12 months. Steroids indeed!
Real estate is all about location, location, location. While this is certainly a cliché, there is no doubt it is true in California.
About the Author
Raynor James is with http://www.fsboamerica.org - FSBO homes for sale by owner. Visit our "sell my home" page at http://www.fsboamerica.org/seller.cfm to sell your home yourself with a free 1 month listing.
|
|
Real Estate Property Management Software
What is real estate management software? If you own three or more...
Real Estate: Making a Perfect Sell
Each real estate agent or dealer comes up with salient...
Real Estate Agent or Broker
Real estate experts go by a few different names, although...
Real Estate Boom To End? - No!
The naysayers are proclaiming the end of the real estate boom once...
|
|
|
