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 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.



Posted by Alice Johniken on December 13, 2008 at 12:00 AM

About Alice Johniken
Alice Johniken is affliated with Weichert Realtors, which is located in Marlton, NJ. For further assistance please use the contact information located on the right.



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Local Information for Marlton, NJ

Latitude: 39.898863 -- Longitude: -74.927534


ZIP Codes for Marlton, New Jersey 08053 
Area Code for Marlton, New Jersey 856
Time zone for Marlton, New Jersey EST



Other Area Cities:   Marlton, NJ  Hammonton, NJ  Barrington, NJ  Bellmawr, NJ  Clementon, NJ  Collingswood, NJ  Evesham Township, NJ  Gibbsboro, NJ  Haddonfield, NJ  Highland Park, NJ  Maple Shade, NJ  Moorestown, NJ  Mount Laurel, NJ  Stratford, NJ  Willingboro, NJ  Cherry Hill, NJ 

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Marlton was founded by Welsh and English farmers beginning in 1676. Originally called "Evesham" (named for an English village outside Stratford-upon-Avon), the town was incorporated as one of the original 13 townships in Burlington County in 1688. The name Marlton first appeared in the early 19th century. The name is derived from marl clay, which is commonly found in the local soil. The discovery of the marl content helped local business and farmers, and caused the first "building boom", occurring in the 1830s and 1840s. Marl continued to be excavated in Marlton until 1930, when the pits were shut down. Marlton was considered a village in 1756. In 1845, the title was official. Now it is an unincorporated area within Evesham Township that is tracked for reporting purposes by the United States Census Bureau. -- Source: Wikipedia.com




New Jersey 2000 Census Population Profile Map

Marlton New Jersey United States
Population 10,260 8,414,350 281,421,906
Median age 37 36.7 35.3
Median age for Male 36.3 35.5 34
Median age for Female 37.7 38 36.5
Households 4,097 3,064,645 105,480,101
Household population 10,215 8,219,529 273,643,273
Average household size 2.49 2.68 2.59
Families 2,727 2,154,539 71,787,347
Average family size 3.12 3.21 3.14
Housing units 4,203 3,310,275 115,904,641
Occupied units 4,097 3,064,645 105,480,101
Vacant units 106 245,630 10,424,540

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Alice Johniken - Weichert Realtors
Alice Johniken
Weichert Realtors


6 Route 70 West
Marlton, NJ 08053

VOICE: 856-596-0008



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