Home prices through November 2007 are available for the 80 retirement cities tracked by the RetireHomeSmart.com survey.
Overall, the average price of a single-family new or used home in the surveyed cities is up 3% from 2006. However, prices are the same or lower than last year in 33 of the 80 cities.
California, Nevada and Colorado have been hit the hardest. Home prices in 4 of the 6 cities tracked in California are down an average of 11%. Bright spots are Newport Beach up 10% and Napa up 4%. For Nevada, Henderson is unchanged and Reno is down 30%. Four cities in Colorado are effectively unchanged since '06 but Aspen is up 45%.
Florida is a mixed bag with Naples, Boca Raton and Gainesville up slightly and Sarasota, Winter Haven and Melbourne down an average 3%. Perennial Arizona favorites Sedona and Prescott have single-digit growth in 2007, but Chandler is flat and Paradise Valley is down 15%.
Utah is holding up well with Park City, St George and Provo up a steady 8%. Three of four Texas cities have strong showings in 2007.
All three New York cities show strong increases in '07, Kingston up 5%, Southampton up 15% and Lake Placid up over 70%.
See home prices for all 80 great retirement cities at Retirement City Home Prices.
Continue to stay tuned to RetireHomeSmart.com for timely home price updates. You can also check important demographic, environment and crime data and get city profiles and a library of video clips for 80 of the best cities in America for retirement and recreation.
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1 comment:
RetireHomeSmart should add the Tucson and Green Valley Arizona areas to your list of Cities
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