Friday, December 09, 2005

Luxury Home Values increase

The third quarter of 2005 saw a double digit rise - leading to record all time highs in the value of properties over one million dollars in the California areas of Los Angeles, San Francisco and San Diego according to the First Republic Prestige Home Index™.

The Prestige Home Index™ found that:
1. "Los Angeles values jumped 8.6% from the second quarter of 2005 to the third quarter of 2005 and rose 17% from the third quarter a year ago."
Los Angeles average luxury home value - $2.28 million.
2. "San Diego values increased 2.9% from the second quarter of 2005 to the third quarter of 2005, and were up 11.6% from the third quarter a year ago."
San Diego average luxury home value - $2.07 million.
3. "San Francisco Bay Area values rose 1.8% from the second quarter of 2005 to the third quarter of 2005 and gained 12.9% from a year ago."
San Francisco average luxury home value - $2.85 million.

To read more: Luxury Home Values

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