Condominium Builders in California

 

Lee Homes	Buie Communities
Ryland Homes

 

California

California has an estimated 2007 population of 37,700,000 and is the 13th fastest growing state in the United States. California’s Gross State Product (GSP) is $1.727 trillion, and makes up 13% of the total United States Gross Domestic Product. The economy of California depends on agriculture, energy, technology and entertainment. During the years, 2004 – 2006, the median household income in California was $53,770 and in 2006, the median four person family income in California was $74,801 (census.gov).

California Condominiums

Often, condominiums are popular among first time homebuyers and make good starter homes. In some instances, condominiums are more expensive and luxurious than many single-family homes and appeal to move-up and investment homebuyers. Condos in California typically offer residents attractive features such as a clubhouse complete with a community gym, pool and entertainment room. Some condominiums in California offer residents concierge service, covered parking, gated security, movie theatres, a lounge, the convenience of onsite commercial centers and much more.

Average Price of California Condominiums

In Newport Beach, the average sales price of a condominium is $949,900.  In Del Mar, which is located in the southern part of the state, the average price of a condominium is $1,539,983. In San Francisco, the fourth largest city in California, condominiums cost an average $606,549. In Sacramento, the state’s capital, the average cost of a condominium is $234,295.

Resources

Information about California was gathered from Wikipedia.

Information about the median price of California condominiums was gathered from Condo.com.