California Real Estate - Appreciation On Steroids
By Raynor James, Fri Dec 9th
For the last five years, owners of California real estate havebeen hitting the ball out of the appreciation ballpark. Yes, areal estate market on steroids.
California
California is heavily populated from north to south along thecoastline, but they state offers significantly differentecologies. In Northern California, one is much more likely tosee signs of the four seasons, get cold temperatures and morehistoric feel in locations such as San Francisco. SouthernCalifornia, on the other hand, has an extremely
moderate climatewith temperatures rarely dipping below 60 degrees even in thewinter. Rainfall is also scant with San Diego receiving roughly11 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 areal issue even on weekends. Los Angles traffic is legendary,but San Francisco and San Diego have their own congestionproblems.
Earthquakes
Earthquakes are a constant throughout the state as the SanAndres Fault bisects much of the state. Earthquakes happen allof the time, but they are typically very small. If you live inCalifornia for more than a month, you won't even notice them.
Beaches, Sun and Culture
There are serious benefits to living in California. Foremost, ofcourse, are the beaches. If the thought of spending weekends andevenings on the beach appeals to you, this is the place. You'llpay a premium for it, but there is nothing like it. For example,the temperature in San Diego on October 5, 2005, the day I amwriting this, is 79 degrees!
California Real Estate
California is an incredible place to live and real estate pricesreflect it. Single-family home prices average as follows for thethree major metropolitan areas - $620,000 for San Diego,$1,300,000 for central San Francisco and $750,000 for centralLos Angeles. As a general rule, the closer the home is to theocean, the more it will cost.
As shocking as the prices are, the rate of appreciation isdownright impossible to believe. In the last 12 months,California real estate has appreciated over 25 percent. For a500,000 home, that is a gain of $125,000 in 12 months. Steroidsindeed!
Real estate is all about location, location, location. Whilethis is certainly a cliché, there is no doubt it is true inCalifornia.
About the author:Raynor James is with http://www.fsboamerica.org - FSBO homes forsale by owner. Visit our "sell my home" page athttp://www.fsboamerica.org/seller.cfm to sell your home yourselfwith a free 1 month listing.
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