Thursday, November 23, 2006

California Luxury Home Values Up!

The First Republic Prestige Home Index™ by First Republic Bank reports that luxury home values in Los Angeles, San Diego and San Francisco are up slightly in the third quarter of 2006.

First Republic reports:
- "Los Angeles values rose 0.6% from the second quarter of 2006 to the third quarter and climbed 4.4% from a year ago. The average luxury home in Los Angeles is now a record $2.37 million."
- "San Diego values increased 1.9% from the second quarter of 2006 to the third quarter and gained 5.4% from a year ago. The average luxury home in San Diego is now a record $2.18 million."
- "San Francisco Bay Area values increased 1.1% from the second quarter of 2006 to the third quarter and gained 4.0% from a year ago. The average luxury home in San Francisco is now a record $2.96 million."

To read more, including a region-by-region report, go here: California Luxury Home Values Rise Modestly in Third Quarter of 2006

And, a happy Thanksgiving to you!

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