If you’re a California homeowner and thinking about putting your place on the market, you’ll be glad to know that the Golden State was recently recognized as having some of the most robust housing markets in the nation – particularly in the central part of the state.
In CNN Money’s list of the “5 Best Markets to Sell a Home,” California cities dominated with four out of five markets being located in “The Land of Sunshine and Opportunity.” Opportunity is right, particularly in the real estate realm, with rising home values and strong demand helping to fuel the state’s economic recovery.
CNN Money named Oakland as the top ranking market for selling a home, with the median list price at a whopping $419,000. Average days on the market for this real estate hot spot was a mere 14 days, indicating that demand for housing is strong and inventory may be slim. Due to this demand, many homeowners in Oakland are receiving multiple offers and even selling at above asking price. [Read more...]