Are you wondering what the strongest latest recoveries that have occurred in the real estate market are? Then, you have come to the right place! We have prepared for you a top turnaround town real estate list that includes the biggest recoveries in the United States of America.
By crunching the numbers of the inventory for improvements made in housing, the average list price and the number of days that the town real estate spent on the market, we have identified the markets that have caught new wings to rule the real estate market. And thus, we have been able to conceive the following list of the top turnaround town real estates in the United States.
1. Oakland, California
Oakland is the top town real estate market in the second quarter of the year 2013. This town has been on the recovery road for more than a year. The prices of the real estate market in Oakland led to year-over-year increases of the national list prices in the second quarter of 2013. Houses in Oakland stay listed on real estate sites for only an average of 15 days, which is the least in the entire United States of America. For example, the condo in the picture below, at the old Pacific Cannery was built in 2009, has a surface of 1,643 square feet, 2 bedrooms and 2.5 bathrooms and is sold for the price of $485,000.
2. Orange County, California
The Orange County witnessed the highest number of foreclosures only 4 years ago. However, home prices in the OC saw a rise of 29.4% recorded in the past year, and the real estate market here witnessed the biggest decline ever recorded in the US at 37%. The condo showed below in Woodbridge community in Irvine city, California. The condo has a surface of 1,520 square feet, 3 bedrooms and 3 bathrooms, it was built in 1981 and is sold for the price of $560,000.
3. Santa Barbara / Santa Maria / Lompoc, California
The town real estate market in Santa Barbara is on third place in our list of the top turnaround town real estates. The average sale price in the second quarter of 2013 saw a rise of more than a third as compared to the past year, reaching the value of $685,000. The below house on a cul-de-sac in Orcutt, a much wanted area of Santa Maria is built in 1985 and was entirely remodeled in the past year. It has a surface of 3,163 square feet, 3 bedrooms and 3 bathrooms and is sold for the price of $695,000.