Top 10 Best Places for Real Estate Investing Deals
October 31, 2007 – 1:36 pmForbes.com released their list of the top cities to invest in. Here is their list:
1) Fort Worth Texas
Median home sales price: $156,500
Price change from 2006: 1.7%
Expected home turnover in 2008: 6.03%
Turnover ranking: 5
2) Kansas City, Missouri
Median home sales price: $157,700
Price change from 2006: -0.7%
Expected home turnover in 2008: 6.21%
3) Houston, Texas
Median home sales price: $154,900
Price change from 2006: 1.4%
Expected home turnover in 2008: 7.36%
4) Cleveland, Ohio
Median home sales price: $128,700
Price change from 2006: -7.1%
Expected home turnover in 2008: 4.56%
5) Denver, Colorado
Median home sales price: $255,200
Price change from 2006: none
Expected home turnover in 2008: 5.05%
6) Long Island, New York
Median home sales price: $482,300*
Price change from 2006: 1.7%*
Expected home turnover in 2008: 4.52%
7) Washington D.C
Median home sales price: $445,300
Price change from 2006: 0.3%
Expected home turnover in 2008: 4.05%
8) Orlando, Florida
Median home sales price: $265,100
Price change from 2006: -2.4%
Expected home turnover in 2008: 5.8%
9) Phoenix, Arizona
Median home sales price: $264,800
Price change from 2006: -2.7%
Expected home turnover in 2008: 4.32%
10) Las Vegas, Nevada
Median home sales price: $307,900
Price change from 2006: -3.6%
Expected home turnover in 2008: 6.6%
2 Responses to “Top 10 Best Places for Real Estate Investing Deals”
Panama city has been favored for investors and appreciation due to the new airport that is under construction.
By Jeff Payne, Real Estate in Panama City, FL on Oct 31, 2007
Great info Dan. I’m investing in the #2 location already, and there are a lot of great opportunities there. I continue to invest there for the next year or so and look at some of the other places on the Forbes Top 10 list.
By Tiffany Wilson - THE Costa Rica Real Estate Expert on Oct 31, 2007