Tuesday, July 24, 2007

Money Magazine: Best Places to Live

Where Do You Want to Live?

Thanks to my friend Henry from Movoto for the link to this new report from Money Magazine on the Best Places to Live in the U.S.. California as a whole places very well with three big cities on the top 10 list of best places to live.
Los Angeles is number 4 in the large U. S. city category. No surprise.. Manhattan Beach shows up as # 13 on the pricey homes list while Palos Verdes Estates slips in at # 10. What's nifty about this site is that there' s a place for consumers to also rate the top ten cities. In the consumer rankings San Diego gets the top spot and LA comes in at # 9.

So who cares about this poll.. well you should if you are thinking about buying or selling real estate in the Beach Cities of Southern California. For one thing CA has nabbed three of the top ten city spots. This is one of the reasons prices on CA real estate continue to be higher then other areas. On the 25 most expensive homes list 15 of the 25 listed are in CA. Looking for clean air.. California has 7 of the top spots. Cities with the highest income... California has 6 cities.

Think about it.. this poll was taken comparing cities all over the United States. You may moan and groan about real estate home prices in the Beach Cities but there is a reason they are higher then other places. We know when they talk about Los Angeles they don't mean downtown LA but are referring to the LA area. That's us folks.. coastal LA living at its best.

Now does this mean we will see prices in Manhattan, Hermosa, Redondo or El Segundo shooting up soon... nope not a chance. But it does mean they may stay fairly stable and not slip much which is a very good thing whether you are buying or selling a home in the Beach Cities. If you are selling you will still see a reasonable price not an increased price .. if you are buying the good news is that prices should remain flat which means home prices will be fairly stable over the next few years. Now this isn't to say prices won't fluctuate.. they will but hopefully on a more modest basis then in other parts of the state.

No comments: