REAL ESTATE TOPICS
10 Cities With a Big Rise in Housing Inventory
(5 of which are in California)
Real Estate News | Apr 8, 2014 | By: Erik Gunther |
PREV
|
NEXT
While realtor.com® recently reported that housing inventories were up 10% year-over-year nationwide, some markets fared far better than others. We decided to take a closer look at the markets where inventories soared over the past 12 months.
Just as in our look at the top markets for median home price increases, the central California city of Stockton topped the list for its housing inventory increase. Perhaps buyers are beating a path to the bankrupt town that was hit hard by the foreclosure crisis, and it’s interesting to note the signals of a comeback for this battered community.
For each city on the inventory increase list, we featured one drool-worthy home. Even with inventory up in these 10 cities, it’s always fun to take a look at how far your dollar could take you.
1. Stockton, CA (+101% increase year-over-year) — 620 S. Central Ave., $240,000
2. Fresno, CA (+53%) — 2427 W. San Jose Ave., $449,000
3. Bakersfield, CA (+52%) — 307 S. Oleander Ave., $950,000
4. Orlando, FL (+49%) — 1500 Lake Weldona Drive, $329,900
5. Riverside, CA (+46%) — 6185 Windemere Way, $430,000
6. Phoenix (45%) — 728 W. Vernon Ave., $579,000
7. Oakland, CA (+42%) — 8050 Shay Drive, $800,000
8. Minneapolis (+38%) — 4124 Queen Ave. South, $1.295 million
9. Lakeland, FL (+38%) — 3420 E. County Road, 540A, $1.495 million
10. Buffalo, NY (+38%) — 175 Middlesex Road, $879,900
No comments:
Post a Comment
If you have questions or a comment about this Blog or our Company please use this section. We will do our best to review and answer within 24 hours.