Tuesday, May 16, 2006

Southwest Condos: HOT Dakotas: NOT

Hope you've already closed on that Scottsdale getaway you've been eyeing. The strongest gains in condo prices in the first quarter of 2006 were in the Phoenix-Mesa-Scottsdale area, the National Association of Realtors reports. First quarter median price of $179,600 was a soaring 38.0 % from a year ago. Ditto Honolulu, where the median condo price of $309,000, a 34.9 % gain. Don't believe those who feel Florida is all tapped out: in the Miami-Fort Lauderdale-Miami Beach area, the median was $221,500, up 31.4 percent.

Looking for cheaper condos? Try Bismarck, ND ($97,400) or Greensboro-High Point NC ($108,000.)

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