California Real Estate - Appreciation on Steroids

For the last five years, owners of California real estatethan a month, you won't even notice them.
have been hitting the ball out of the appreciationBeaches, Sun and Culture
ballpark. Yes, a real estate market on steroids.There are serious benefits to living in California.
CaliforniaForemost, of course, are the beaches. If the thought of
California is heavily populated from north to south alongspending weekends and evenings on the beach
the coastline, but they state offers significantly differentappeals to you, this is the place. You'll pay a premium
ecologies. In Northern California, one is much more likelyfor it, but there is nothing like it. For example, the
to see signs of the four seasons, get coldtemperature in San Diego on October 5, 2005, the day
temperatures and more historic feel in locations suchI am writing this, is 79 degrees!
as San Francisco. Southern California, on the otherCalifornia Real Estate
hand, has an extremely moderate climate withCalifornia is an incredible place to live and real estate
temperatures rarely dipping below 60 degrees even inprices reflect it. Single-family home prices average as
the winter. Rainfall is also scant with San Diegofollows for the three major metropolitan areas -
receiving roughly 11 inches a year. If you are$620,000 for San Diego, $1,300,000 for central San
considering moving to California, there are twoFrancisco and $750,000 for central Los Angeles. As a
constants throughout the state.general rule, the closer the home is to the ocean, the
Trafficmore it will cost.
So many people have moved to the state that trafficAs shocking as the prices are, the rate of appreciation
can be a real issue even on weekends. Los Anglesis downright impossible to believe. In the last 12 months,
traffic is legendary, but San Francisco and San DiegoCalifornia real estate has appreciated over 25 percent.
have their own congestion problems.For a 500,000 home, that is a gain of $125,000 in 12
Earthquakesmonths. Steroids indeed!
Earthquakes are a constant throughout the state asReal estate is all about location, location, location. While
the San Andres Fault bisects much of the state.this is certainly a cliché, there is no doubt it is
Earthquakes happen all of the time, but they aretrue in California.
typically very small. If you live in California for more