Condominium prices keep rising to sell for a median $229,300
This was the headline, this morning.
I think they were bragging!
So how is housing doing in your part of the planet? :dubious:
I live in London. The average house price has hit over £250,000, with some fluctuation this year. That’s almost $US 500,000.
I could buy my dream house, one of the older homes in the very desirable neighborhood with the good schools post-renovation with all the mod cons for probably 250,000-300,000. I could reasonably buy a house in that neighborhood with only one bathroom and no renovations that’s a little small for around 140,000-200,000. If I wanted to live in the new screaming-white-kids-cookie-cutter-houses part of town, I could buy quite a spacious home for 100,000, but then I’d have to kill myself. All told, however, it’s an exceedingly reasonable place to live, even considering the recent massive inflation involved in buying a house in-town.
ouryL, can you show up a picture (link) of a median-priced Oahu home?
From that link. . .
$390,000, 1 bdrms, 450 sq. ft.,
$476,000, 1 bdrms, 516 sq. ft.,
$390,000, 1 bdrms, 450 sq. ft.,
$476,000, 1 bdrms, 516 sq. ft.,
cough cough
That second house is 922 per square foot. That would make my house in Baltimore (in a pretty hot neighborhood) go for 1.3M dollars.
The last one like mine sold for $275K.
516 square feet is a SHACK. It’s a room, a bathroom and a kitchen.
My master bedroom is 500 sq ft! I don’t live in a huge house - 2000 sq ft upstairs and 500 sq ft of the basement is finished/heated/cooled. My 4 bedroom, 3 full bath, ranch on an acre would go for less than $200K. According to Troy’s cite, it would be worth over $2.3 million in SF, not including the land!
:scheming: How much would cross country shipping be on a house, anyway?
We saw the same headline in our local paper for our town a few months ago, except the dollar amount was $500,000.
It’s just a little over that now.
We live in a condo, and a few months ago a bunch of the units in our complex sold in the $300-$350K range.
We considered selling, but we’d only be able to make a lateral move in this area, so we opted against it and just finished some remodeling of the condo.
It’s just crazy in this entire area.
RE: Hawaii
It’s not the house, it’s the dirt it’s sittin’ on.
Baltimore is a fun market. A house we rehab in a poor neighborhood sells for $50-70,000. Six blocks away, it’ll go for twice that. 5 miles (in the right direction) and it’s $250,000.
Location,location,location
Yep, near where I grew up houses built in the 1990s with 3000 sq. ft. and 4 bedrooms go for about 180-220k. In SF that may net you a 1900-ish 500 sq ft closet in gang territory.
The old Watkins mansion. I can’t believe they built that in 1985 since it has been there as long as I can remember.
My point being that I guess you can assume up to 96%-ish of a house’s cost is the dirt it is on with the remaining 2-4% being the actual house itself which is a weird paradigm to accept.
About the same.
Single Family Home Average Price: City of Boulder:
1999: 335,685
2000: 393,869
2001: 472,169
2002: 477,046
Condo/Townhouse Average price: City of Boulder
1999: 153,760
2000: 178,381
2001: 214,148
2002: 219,950