Here is what $ 400,000 garners you in the Hamptons vs. Myrtle Beach:
Here is the million dollar market: The first set of pictures is of the front and back of a home available for sale for $ 2.2 MIL in the Hamptons.
The second set of pictures is of a home sold in July in Myrtle Beach for $ 1,250,000.
Show us your market! What does $ 400K garner you in your market? How about the million dollar mark?
Please share your market with us! I would love to know! We all would!
I would love to hear from you on this! What can $ 400K buy in your market?
Mirela, I don't have a photo at my fingertips but in our market you can buy a 5 bdrm 4 bath house on 1/2 acre with new construction 4,400 sqft for $400K. Not bad.
That is amazing! Love the pictures!
Gary: Not too shabby! The living is easy in your area...
Cooper: Thank you! How does that compare with your market?
$400,000 in Toronto may get you a 2 bedroom condo, about 800-850 square feet, and with some luck, it may have a parking spot. (You can probably buy slightly larger, by moving out of the downtown core.)
On my street, you can buy approx 1,300 square feet living space, on a 17x100 lot, semi-detached, most likely, renovated, and with some luck, it may have parking, and that will cost you about $450K-$550K.
Welcome back, Mirela. Hope you had a relaxing and totally wonderful vacation :)
Kara: Thank you! It's good to be back! My vacation was PERFECT!!!
Sylvie: Thank you for sharing! I didn't realize Toronto was that expensive. For $400,000 you can have a 4BR/3BA, 1,700 sq. ft. OCEANFRONT condo here. ...And did I mention: the waters of the Atlantic are warm here during the summer?
Inland in Toms River (my home town) For $400k you can get a nice Age restricted 2 bedroom in a gated community or a 2200-2400 square foot colonial 3-4 br, 2.5 baths. but get close to the water and that may not even be the dirt. On a lagoon, it may be a small home in need of a lot of work, and it would probably be a tear down (if you could find it) On open water (bay front or river front) entry level is probably triple that. We have a pretty wide range in a diverse area.
Isn't it amazing? I once spent a few days at a friend's $600k beach apartment. It was 400 square feet and located in an alley two blocks from the beach. Right now that would buy a spacious elegant home in most cities.
Last Sunday (was it really only last Sunday?) Lisa and I drove from the south end of Maui to the Northern tip on the west side of the island. We started just south of Makena beach at an area where the beach was all lava rock and pretty rugged. Just across the street from the beack was a house on an acre. The lot was mostly bare except for a couple palm trees clinging to the lava, the house looked absolutely beat - weathered wood, porch about to collapse, roof tiles in disarray, looked like it had been abandoned for quite awhile with no maintenance for even longer. We're thinking - Jeez, maybe pick this place up for 500 - 750k, put a little into rehab and have a great vacation home that could also be rented out to defray the mortgage. What a sap. Looked the place up online - $8.1 million. Hmmm, Myrtle Beach is looking pretty reasonable right now.
Can you believe this is the best picture the agent can take of one of the homes for sale in Asheville for exactly $400,000?
This is the first of 4 that popped up at exactly $1,000,000.
We have 3400 homes on the market in the Asheville (Buncombe County) area. 282 are over $1million.
The average asking price today is $473,000+
Don: Thank you! Thank you! Thank you!
Now, that's what I'm talking about! Pictures and data... Bravo!
This is very helpful for us to start understanding the prices and styles of different markets.
Thank you so very much!
Just did what you asked. Its amazing what we can learn.....if we actually read the posts and give the answers requested.
Don: BINGO!!! You nailed it!
By the way, I LOVE your Logo! That is too cool! Who created that for you? I would love to have something similar!
In Phoenix... $400k:
One Mee-lee-yun dollars:
Of course... there are the "bedroom communities" near Phoenix with even more to choose from. For instance... be my neighbor in Mesa for a cool million:
Chuck: Wow! I like your neighborhood! Not too shabby...
Thanks for sharing!
In the $ 400K price range, Myrtle Beach still rules...
Here are a couple of recent million dollar sales and a couple of million dollar homes still on the market (couple of different neighbourhoods, within 10-15 minutes of downtown Toronto).
(some are small, semi-detached; whereas the detached are slightly further away).
Sylvie: Thank you! Pretty architecture! I can sense the fresh air from here... Toronto has such a beautiful, unique flavor. I guess they use a lot of brick and stone, don't they?
Very interesting. I love the pictures. Toronto looks like the place to go!
Mirela,
The logo was created by me using Word Art in a Publishing program. It takes some experimenting and some time to get the size and style right, and it must be saved as a jpeg file so you can import it as an image. Mine is a fairly simple design, just like me.
It appears you are pretty savvy about using graphics, so you should have no problem doing something with your own software that looks engaging and bright, just like you look.
Don: That is too cool! Wow! That is so sweet of you! I'm so impressed!
I sincerely appreciate the graphics AND the kind words! You've made my day!
Thank you Don!
Better?! Well then... let me look for a better $400k... searching ... searching... darn... none with an ocean. you win.
Chuck: Who said anything about an ocean? Anything close to the Atlantic will more closely resemble the Hamptons' prices... The $ 400K home in the example is 15 minutes away from the lovely Atlantic. I guess 15 minutes is not too shabby, so maybe you're right!
Wow....$400k will buy you a nice townhouse with a garage in the suburbs...closer in to town, you can get a small townhome or a condo. Will have to try to find some pics to post....I like the Myrtle Beach home for 400k....
Sonia: Please do! I think the pictures help clarify each area...
I think these are slightly out of the $400K range, but I thought you'd like to have a look ... they ranged between $3,000,000 and $16,000,000 = SOLD!
These properties are all around the same neighbourhood, approximately 10 minutes to downtown.
The architecture of some of these homes is amazing.
Some homes are brand new, built to look 'old'. There is lots of brick and stone work.
We also have tiny little 700 square foot, aluminum siding homes, that go for about $300,000. :)
There's something for everyone.
Sylvie:
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Well- the $400k Phoenix home is only 35 minutes from the ocean. (disclaimer: by jet).
WOW... $400k buys you more in Mrytle Beach then in Delaware... Never thought that would ever happen!
Chuck: You are hilarious!
Billie: Oh, yeah! The living is good here!
Billie: BTW, can you share some examples from your market?
Mirela, $300,000 range Chapin, near Columbia, SC across the street from Lake Murray where there are waterfront homes from $400,000 to over $1,000,000. The street name - Old Road (believe it or not).
Charlie: Not too shabby! The living is easy in Columbia! Across from the waterfront? That's hard to believe! I think you'll probably hear from some our our readers... So far your market seems to be the most affordable... Is that all brick?
Well $400,000 buys you a 3/2 of about 1,500 square feet in an okay neighborhood in Miami, however, it buys you a 1,500 square foot condo with great water views in Miami Beach.
Oceanfront condos with direct ocean views in Miami Beach start at about $500-$600 per square foot and in South Beach start at approximately $800 per sf. to $2,000 per sf for the best.
The house above Sold in Westwood Mass for $2,900,000 on June 20, 2008.
This house below sold for $969,000 on August 12, 2008 in Westwood, Mass.
Finally this home below sold in Westwood, Mass for $3,867,000 on July 30,2008.
Top $999,900 on 3 Acre in New Castle Pa MohawkNorthBeaverTwp
Above English Tudor # 398,000 + additional 1200 sq ft attached ranch on 5 acre New Castle Pa Norh Beaver Twp
Above in New Wilmington Pa on 1.5 Acre is $250,00
Last photo Pittsburgh $ 1,595,000 on lot no acreage Quaker Valley Shool
This was so interesting Great idea for a post. All my listings have visual tours. I did a post on top photo 999,900 home . 2 of these homes are not million dollar home but our market area isn't on the high end like a lot of the markets are. You get a lot of bang for the buck..of course we don't have the most poular spots in the country either.
We are just a country city in Western Pa
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$400,000 custom built home by a builder for himself in Schuylkill County, PENNA. Office with conference rooms in lower level to see clients. And a HUGE game room with multiple TVs, casino tables, etc in the basement. Look at those TV's guys!
Mirela, Yes all brick on Old Road. 3/2 with a FROG and pool, 1 acre. If you know of anyone coming to the area I know of a buy or two that aren't listed quite yet... And, regretfully, there are a couple of foreclosures available on the water... It's really not a bad time to buy, with the rates so low. And, I hope you're right about readers contacting us.
This one sold for $310,000. 4 bedrooms 2.1 baths on a beautiful tree lined street between the Plaza & Brookside in Kansas City, Missouri. This home was built in 1910 and recently updated. Most homes in this area were built betweent the late 1800's - early 1900's although there are a few ranches and moderns built in the 30's - 60's.