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Post subject: Re: Average Home Price
Posted: Wed Jan 05, 2011 7:55 pm
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Joined: Fri Nov 09, 2007 5:59 pm
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Location: ohio
in my area-ohio-prices are low. you can get a 3 bedroom 2 story for 75 grand in areas- and nice houses too. a home in my neighborhood was completely rehabbed about a year ago. it was put on the market at a little bit over 100 grand, but sold in the mid 70's.

great time if you can afford to buy!


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Post subject: Re: Average Home Price
Posted: Wed Jan 05, 2011 8:02 pm
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Joined: Wed Mar 31, 2010 12:48 am
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Location: Tombstone Territory
The last property tax statement I got from our county recorder's office in October of last year said my home and the lot it's situated on was valued at $205K. However, a house just down the street from me with the same floorplan but less improvements to the yard recently sold for $178.5K. Personally it's not much of an issue to me since I own my home outright and don't hafta deal with the sheisters in suits who run the mortgage scams.

Arjay

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Last edited by Retroverbial on Wed Jan 05, 2011 8:03 pm, edited 1 time in total.

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Post subject: Re: Average Home Price
Posted: Wed Jan 05, 2011 8:03 pm
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Professional Musician
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Joined: Fri Jun 13, 2008 7:43 pm
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Location: North of Pittsburgh PA
In my township you can get a pretty good house (3 bedroom, 2 bath) for around $75k, depending on the house of course. Next door in Cranberry it would be impossible to find anything under $100000, basically everything's a rental or expensive as hell.

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Post subject: Re: Average Home Price
Posted: Wed Jan 05, 2011 8:09 pm
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Posts: 54
They built a few too many mansions here in Fairfield County, Connecticut. Million dollar homes are settling for roughly $500k. It's rather sad that so much time and effort was put into these beautiful homes, but are being sold for pennies on the dollar. It is definitely a buyers market in this neck of the woods.


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Post subject: Re: Average Home Price
Posted: Wed Jan 05, 2011 8:52 pm
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Joined: Wed Jul 29, 2009 10:03 am
Posts: 9449
Location: NL Canada
In St. John's our capital city housing prices have been increasing almost weekly since the oil boom.A house that cost $150,000 two years ago is over $200,000 now.St. John's only has a population of about 130,000 if that and that's about 1/4 of the province's population.

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Post subject: Re: Average Home Price
Posted: Wed Jan 05, 2011 9:04 pm
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Joined: Fri Dec 31, 2010 3:55 pm
Posts: 88
Location: West Coast
Here in southern Oregon our average home is going about $225-250,000 now. The area I live in has 205,000 people and a few years ago homes were at a $350-400,000 for a 3 bedroom 2 bath 2,000sq ft home. Prices were higher of course for bigger homes.


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Post subject: Re: Average Home Price
Posted: Wed Jan 05, 2011 9:19 pm
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Joined: Mon Oct 20, 2008 10:36 am
Posts: 3219
Location: Las Vegas
The housing bubble hit hard here in Vegas. I bought mine in 99 for 110,000 and watched as it, and a friends similar home, skyrocketed to just under 400,000 in a matter of 5 years. He sold at the peak and retired away to a small town in Utah. Now, after the bust, both houses have settled back down to their true value and everyone that bought at the peak is under water. It's a shame what the banks and corporate culture have done to housing. What used to be your home has been perverted into just another investment or retirement fund financed by the banks. And people wonder why neighborhoods become run down and neglected, why they need associations to keep things in order. Nobody stays anywhere anymore, that's why. We've become so conditioned that we need to move up, upgrade, keep up with the Jonses, that we've lost site of what a house is supposed to be. A home. Things were a lot different when two or three generations of family shared a home. Grand parents helped with kids, not daycare. Grown children helped their elderly parents, not adult daycare. There was always family to help and support each other. Now, we all have to be on our own. And we have to pay providers for the things family used to do. We seldom own our house outright and we're beholden to the banks and creditors that have sold us on the idea that this is what we want. It's great for them, and their investors, but that's about all it's good for. Financial growth is not always a good thing, it's ruining this country and others too.
Sorry if I'm ranting. Those are just some of my opinions on the subject.

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Post subject: Re: Average Home Price
Posted: Wed Jan 05, 2011 10:21 pm
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Joined: Tue Nov 24, 2009 2:55 am
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Location: Australia, VIC
where i live i'd guess there pretty cheap as i live in a country town, but the nearest city, there shooting up like sniper's. i dont know how anyone could afford houses there now. all the dudes i know say there gonna live there, doubt it very much.

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Post subject: Re: Average Home Price
Posted: Thu Jan 06, 2011 2:17 am
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Joined: Fri Oct 08, 2010 12:45 am
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Location: Pittsburg, CA
A 3 bedroom house around here that's not in a neighborhood where you need bars on the windows will run you about 4-500,000 or more...Sometimes I hate California.
The 4 bedroom 4 bath house I live in now, which is in a nice neighborhood, was appraised at right around 800,000, and it needs a lot of work. In good condition it'd probably run over a million... :shock:

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Post subject: Re: Average Home Price
Posted: Thu Jan 06, 2011 4:51 am
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Joined: Mon Jan 28, 2008 5:53 am
Posts: 1686
Location: Brooklyn NY
The homes in my area start at around $ 500 000 and can go as high as 2 mil. We have a certain religious community ( Orthodox Jews ) that I`m not part of, but they`ll buy a home from $5 - $800 000 and call in the wrecking crew and knock the house down and start over again. Its amazing, and their all in some kind of business from clothing to jewelry.

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Post subject: Re: Average Home Price
Posted: Thu Jan 06, 2011 7:49 am
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Location: T.O. Canada
Well, the GTA is kind a spread and we have around 5 milion peeps. House prices vary a lot. There are areas where decent 3 bdr house will go around $300.000 and 5 min from there there is a pocket where you will need $600.000 to get "inda game". My friend just bought a house for $650 K and it is a total rebuild. Once the new 4000 sq ft house is constructed it will be valued $1.5-1.6 M.
Our real estate market was slower but seem more to the fact that lots of canucks want to buy properties in US warmer climate areas rather than invest here and of course the economic reasons.
I don't blame them I wished so many times just to go south for three winter months at least to defrost my bones. 8)


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Post subject: Re: Average Home Price
Posted: Thu Jan 06, 2011 8:31 am
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Joined: Thu Nov 26, 2009 9:36 am
Posts: 511
Location: Oakville, Canada
Housing in Canada has held up very well. My 1400 ' townhouse has doubled in the 10 years I've been in it to about 350k, this is a nice bedroom community communting distance to Toronto. A 600 ' condo in downtown Toronto would go for 350k. Still lots of condo's going up in Toronto, I can see a lot of cranes from my office window, a few are very high end, Trump Tower, Ritz Calton.
My girl friend live near by in a large century house, she has family in SanDiego, Vegas, LA, San Jose. I'm trying to convince her now is the time to move down there, lots warmer, I hope to convince her before prices there go up too much.


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Post subject: Re: Average Home Price
Posted: Thu Jan 06, 2011 9:59 am
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Joined: Mon Jul 16, 2007 6:51 pm
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Location: Witness Protection Program
A friend of mine just bought a nice 6 room house in Lubbock for $125k with a monthly mortgage of about $518.

You can't even find an apartment in the Boston area for three times that!

Scroll down and check out the median prices :

http://www.trulia.com/home_prices/

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Post subject: Re: Average Home Price
Posted: Thu Jan 06, 2011 4:47 pm
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Joined: Wed Feb 10, 2010 3:02 pm
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Location: Wisconsin
I live in a "suburb" of Milwaukee WI and a nice 3 bedroom home here with some amenities in a mature neighborhood will run about $250k. I am close to great shopping (3 guitar stores within 7 miles) and great inexpensive restaurants. I think the big $'s come in the trendy new neighborhoods. Prices here fell over the past two years and recovery will be slow.


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Post subject: Re: Average Home Price
Posted: Thu Jan 06, 2011 4:56 pm
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Joined: Thu Jul 26, 2007 4:57 am
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Location: Peckham: where the snow leopards roam
Nevin1985 wrote:
Just curious to know what the average home price is in your area. Are homes going up in value, or going down where you are?

Great Scott, Nevin: you really are bored today!

Oh well... Peckham (where the snow leopards roam) is a fairly poor part of London. No idea what the average is but houses in my mid-market-ish street seem to be running in the £500,000-900,000 / $750,000-1,350,000 range.

My house cost... a helluvalot less when we came here several decades years ago.

Prices seem to have been pretty much static for the last 18 months or so in my area. That tell you what you need to know?

G'night Nevin - C

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