|
 Condos have doubled in price, and single-family homes have risen 68 percent in La Jolla, California, a community of San Diego which is experiencing one of the hottest housing markets in the country. "La Jolla is bounded by the Pacific to the west, Pacific Beach to the south, Del Mar to the north, and University Town Center to the east," says Realtor Joanne Fishman. "The jewel of the city of San Diego, La Jolla features secluded coves and beaches, ocean caves, and a marine preserve. The village district hosts cafes, boutiques, coffee houses, galleries, and fine restaurants. More than 8,000 people live in this city of expensive, ocean-view custom homes, making use of the La Jolla Beach & Tennis Club at La Jolla Shores, just south of the Scripps Institute of Oceanography.
|
Fixer-uppers are selling like hotcakes in Fairfax County, Virginia where investors are seeing a prime market for resale. "Fairfax County is located just outside Washington, DC and offers an outstanding quality of life," says Realtor John Thompson. "Fairfax County has established a reputation as an international center for technology, communications and transportation. Fairfax is widely known for its beautiful scenery, rich history and strong sense of community. The county also enjoys a reputation for high quality services, including one of the nations leading public school systems." About the market, Thompson suggests, "A strong seller"s market continues to dictate Northern Virginia Real Estate conditions.
Named as the third-fastest growing city and one of the top 100 best retirement towns, Tucson, Arizona offers a lot of home, sunshine and scenery for the money. "The booming real estate market is a reflection," say Realtors Dave and Francie Kipling. "Tucson is a city of contrasts, from urban to pristine desert to pine forests on the nearby mountains. The city"s gateway to Mexico and rich Native American heritage are evident throughout. In 2000, America Heritage magazine named Tucson as its "Great American Place". MSN.com recently chose Tucson as the fifth best place in America to live, taking into account the cost of living, crime rate, education, home prices and weather.
Local Realtors in Albuquerque are reporting rising home prices, and multiple offers on homes in many areas as the city enjoys a surging seller"s market. "The median price for single-family homes in Albuquerque has jumped by 8.3 percent from May 2003 to May 2004," says Realtor Laurie Balmer. "The average price for a single family home in May 2003 was $169,235. In May 2004 it jumped to $183,288! For townhouses and condos the median price from May 2003 to May 2004 jumped 11.5% percent. The average price in May 2003 was $107,127 and in May 2004, it was $119,488! A record number of sales was reported for the first quarter of this year in the Albuquerque area, 2040 homes. This is higher than the first quarter of 2003 by 0.79 percent.