The south-western coast of USA boasts the highest priced condos in the nation. In the San Francisco, Oakland, Fremont area you could pay the median figure of $600,000 for a condo. This is fairly high when you consider that the median price for a condo in North Carolina is $116,000.
The second highest median condo Botany at Dairy Farm price is in the Los Angeles, Long Beach, Santa Ana area and this is quoted as $363,000. This market is closely followed by the San Diego, Carlsbad, San Marcos area where the median price for a condo is $327,000.
These areas could all fall under the 'West' resort bracket, a sought after location, where all prices are high against the national average.
The rules for buying a condo are the same as ever: location, location, location. However, prospective condo buyers would be well advised to pay attention to the other type of rule pertinent to condo ownership - that of the HOA.
