Thursday, April 26, 2007




WE'VE GOT LOSERS....
....WE'VE GOT WINNERS

We appreciate the following markets or....



THE TOP 10 MARKETS W/GREATEST 2006 HOME APPRECIATION






Market 2006 Appreciation (%)







  1. Salem, OR. 19.8




  2. Virginia Beach/Norfolk 19.4




  3. Spokane, WA. 17.7




  4. Salt Lake City, UT. 16.7




  5. Eugene/Springfield, OR. 16.7




  6. Baton Rouge, LA. 15.9




  7. Gainesville, FL. 15.9




  8. Ocala, FL. 15.5




  9. Dover, DE. 14.7




  10. Portland/Beaverton, OR. 14.7



Source: NAR Existing Home Sales Report




It's interesting to note that 4 of the Top 10 markets are home to large universities. Only one market is in the northeast (barely) and half of the hottest markets are in the Pacific Northwest. Perhaps the stampede is on as California "Goldrushers" abandon ship for the tranquility to the north.




Compare the winners with the previous list of losers. 6 of the top 10 losers markets were in Ohio and Michigan and 9 of the 10 biggest losers are in the rust belt. So as things rust in the upper midwest, the boom is on in the Pacific Northwest. Or so it appears for at least one year;2006.

No comments: