Top Turnaround Real Estate Markets
Realtor.com® recently published their list of “Turnaround Towns.” The list had some shocking towns listed, but with strong improvements these cities are making a real estate comeback.
- Reno, Nevada – Hard hit by the recession, Reno has seen a 26-percent median price increase within the last year.
- San Diego, California – Up more than 21-percent, this city is ripe for purchasing condos, townhomes and single-family homes.
- Portland, Oregon and Vancouver, Washington – With inventory decreasing by 26-percent, this area has seen a 12-percent increase in median home prices.
- Los Angeles and Long Beach, California – Listing prices have increased more than 30-percent over the last year and inventory has plummeted 27-percent.
- Seattle, Washington – With low inventory and decreased days on the market (23 days), Seattle features abundant green-friendly homes.
- San Jose, California – With inventory dropping a staggering 35.4-percent, San Jose prices have increased 25-percent.
- Santa Barbara, Santa Maria and Lompoc, California – With home prices up 33-percent, this desirable area is making a hot real estate comeback.
- Orange County, California – Several years ago, this trendy city saw a record-breaking number of foreclosures. However, over the last year home values have increased 29.4-percent and inventory has declined 37-percent.
- Oakland, California – With homes only staying on the market an average of 15 days, home values have continually increased year after year in this sizzling California city.
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