Canyon Ranch Condos -- Healthy Trend

Dr. Kenneth "Aerobics" Cooper is not the only wellness/spa housing entrepreneur. Canyon Ranch, the pricey spa based in Tucson and elsewhere, beckons with condos in Miami Beach, Bethesda, Maryland and Chicago. Thinking of a pied-a-terre ? As I indicated in my previous post, I think this wholesome trend could possibly be profitable too. The Miami Beach facility is scheduled to open this fall. Prices in this overheated market for a 1-BR are already below the original floor of $695,000.

You Paid Too Much

If you just bought a second home in Naples, Fla. you probably paid nearly double what the property is really worth.

A Barron's study based on info from National City, a Cleveland banking and mortgage outfit, says homes there are overvalued by 96 %. Second on the list is Port St. Lucie/Fort Pierce, Fla. Top 10 overvalued cities include Tucson, Prescott and Phoenix in Arizona; Bend, Ore.; Napa, Calif.; Barnstable, Mass.; and Ocean City and Atlantic City, N.J.