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Live and Let Live
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Per The California Association of Realtors.

Prices appear to have stablized in most Metros, for the most part, all the double digit price percentage gains for the year are being replaced by losses. Still, quite pricy-only now, not as much.

Statewide
Single Family Home(Mar 2006) $561,350
Condominium(Mar 2006) $431,560

Regions....................Average Home Price(Mar 2006)
San Jose............................$760,000
Santa Barbara County...........$750,000
Santa Cruz County...............$740,000
San Francisco-Oakland..........$729,360
Orange County.....................$717,320
Monterey Bay......................$710,860
Ventura County....................$678,850
Napa/ Sonoma Valleys...........$623,380
San Diego............................$607,370
San Luis Obispo....................$586,270
Los Angeles..........................$556,750
Far Northern California............$434,410
Riverside-San Bernardino.........$403,000
Sacramento..........................$376,010
Central Valley.......................$350,930
High Desert..........................$326,710
 

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The appreciation value of homes not only in California, but throughout the U.S., will most likely stabilze somewhat because of rising interest rates. Of course there will always be "hot" locations that will continue to appreciate astronomically. In the case of California, homes must stabilze for the sake of the California economy.
 

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Those are really high!!! Jeez, here, I can get a three bedroom house in a nice neighborhood for about $285,000! And, I would've thought that LA would be amongst the highest, but I guess not.
 
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