A Realtor’s look at our Local Economy

Our economic growth in the North State has been healthy and steady, thanks mostly to our diverse business community. 

We are not dependent on one type of business like Silicon Valley where the changes in the computer industry repeatedly dropped property values.  Even their downturns have been temporary though, as their average price is well over $700,000.  California’s highest average price is in Santa Barbara, coming in at 1.3 million. 

With the quick rise in prices these last four years it is somehow comforting to know that the only community south of us with lower property prices than our area is Victorville. Victorville is in the high desert, their average was $320,000 at the end of 2005.  We are up over $330,000 ourselves and while the market slowed considerably during the last quarter of 2005, it has definitely picked up speed in the last three weeks. 

For 2006 we are set for steady growth, a more “normal” market than the last 4 years have been.

Our News SHOULD be accurate!

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