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.
About Philip March Philip March is affliated with Ohio Realty Group, which is located in Ravenna, OH. For further assistance please use the contact information located on the right.
As of 05/24/12 the Philip March RePage is ranked at 6,516 with 365 points.
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Local Information for Ravenna, OH
Latitude: 41.158656 -- Longitude: -81.243274
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ZIP Codes for Ravenna, Ohio
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44266 
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Area Code for Ravenna, Ohio
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330
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Time zone for Ravenna, Ohio
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EST
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Other Area Cities:
Ravenna, OH
Cuyahoga Falls, OH
Kent, OH
Hudson, OH
Aurora, OH
Stow, OH
Streetsboro, OH
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As of January 3, 2006 the mayor of Ravenna is Kevin Poland. Poland replaced long-time mayor Paul Jones who retired and moved to Florida to be with his family due to scandalous practices during his tenure as mayor. Ravenna Police Chief Randy McCoy initiated formal investigations by the county prosecutor after learning that the FBI had begun conducting a formal investigation of the former Mayor [1] [2]. The major focus of the city's investigation involved the Mayor's son, Paul Jones Jr.[3], who was paid more than $274,900 over eight years for a questionable mowing contract. -- Source: Wikipedia.com
Ohio 2000 Census Population Profile Map
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Ravenna |
Ohio |
United States |
|---|
| Population |
11,771 |
11,353,140 |
281,421,906 |
|---|
| Median age |
36.4 |
36.2 |
35.3 |
|---|
| Median age for Male |
34.7 |
34.9 |
34 |
|---|
| Median age for Female |
38.3 |
37.5 |
36.5 |
|---|
| Households |
4,980 |
4,445,773 |
105,480,101 |
|---|
| Household population |
11,487 |
11,054,019 |
273,643,273 |
|---|
| Average household size |
2.31 |
2.49 |
2.59 |
|---|
| Families |
2,997 |
2,993,023 |
71,787,347 |
|---|
| Average family size |
2.95 |
3.04 |
3.14 |
|---|
| Housing units |
5,313 |
4,783,051 |
115,904,641 |
|---|
| Occupied units |
4,980 |
4,445,773 |
105,480,101 |
|---|
| Vacant units |
333 |
337,278 |
10,424,540 |
|---|
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Philip March
Ohio Realty Group
320 E. Main Street - Suite 206
Ravenna, OH 44266
VOICE: 330-296-9000
FAX: 330-297-8723
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