Ten Bargain Retirement Locations

Declining home values can devastate homeowners but create bargains for retirees looking for homes in new areas. Ten places where the average home prices are falling fast are listed below:

1. Portland, OR
   • Average home sale price in 2010: $270,418
   • Average home sale appreciation between 2009 and 2010: -91.5 percent
2. Tallahassee, FL
   • Average home sale price in 2010: $220,135
   • Average home sale appreciation between 2009 and 2010: -91.48 percent
3. Tucson, AZ
   • Average home sale price in 2010: $147,731
   • Average home sale appreciation between 2009 and 2010: -88.06 percent
4. Wake Forest, NC
   • Average home sale price in 2010: $240,801
   • Average home sale appreciation between 2009 and 2010: -87.53 percent
5. Cathedral City, CA
   • Average home sale price in 2010: $182,076
   • Average home sale appreciation between 2009 and 2010: -85.16 percent
6. Wahiawa, HI
   • Average home sale price in 2010: $331,498
   • Average home sale appreciation between 2009 and 2010: -82.13 percent
7. Weatherford, TX
   • Average home sale price in 2010: $131,586
   • Average home sale appreciation between 2009 and 2010: -77.83 percent
8. Dover, DE
   • Average home sale price in 2010: $168,805
   • Average home sale appreciation between 2009 and 2010: -66.26 percent
9. Sycamore, IL
   • Average home sale price in 2010: $168,053
   • Average home sale appreciation between 2009 and 2010: -48.49 percent
10. St. Charles, MD
    • Average home sale price in 2010: $245,191
    • Average home sale appreciation between 2009 and 2010: -45.66 percent

Emily Brandon, 10 Bargain Retirement Spots, U.S. News, Feb. 26, 2011.

Special thanks to David S. Luber (Attorney at law, Florida Probate Attorney Wills and Estates Law Firm) for bringing this to my attention.