| Winter 2006
California
Luxury home values post Big Gains!
Despite
signs that the housing market is slowing in some areas
of the U.S., Los Angeles, San Francisco and San Diego
reached the record highs in the third quarter of 2005.
This is reported by the First Republic Prestige Home
Index, which tracks homes valued at more than 1 million
dollars in the key California markets. In Los Angeles
the value of high end homes continued to appreciate
at a quicker pace than other areas with the prices climbing
17% compared to the third quarter of 2004!
San
Francisco went up 12.9% and San Diego went up 11.6%.
California continues to
be a great place to buy a home for appreciation of value
and overall enjoyment. |