What does a 4 bedroom house cost?
Home price comparison – Sep. 23, 2009
Same 4-bedroom house – wildly different prices
The cost of a middle-management-type home varies significantly depending on where in the country you live. But there are some huge spreads within states, as well.
Congratulations to the Bay Area for such an impressive showing!
Just in the Top 10 list alone, there’s 3 Bay Area cities!
In the Top 25 (click the link to see the full article) there are 8 cities! Woot!
Our archnemesis New York? Just one: Queens. (Probably because there are no 4 bedroom houses in Manhattan.) Our archnemesis wannabe Seattle? Just one: Bellevue, and it’s all the way at 22. Hah.
I’m super thrilled with the showing of the Bay Area. We should all be very proud that we are right up there with Beverly Hills and Greenwich. Who needs Paris Hilton or Donald Trump! We’ve got the Flickr guys, the Facebook guys, and other celebs. Woot!
October 11th, 2009 at 10:32 am
It also means the time to buy is NOW because RE always goes up!
October 11th, 2009 at 11:52 am
way to go burbed…. Great find! Oh swhit im still priced out of the market. Oh well, Dallas TX here I come… BUT ONLY IF DEBRA MADENA GETS ELECTED
“On Saturday, Medina said she would focus her campaign on several issues, including the need to protect the borders and stop illegal immigration, eliminate property taxes”
http://www.dallasnews.com/sharedcontent/dws/dn/latestnews/stories/091309dntexmedina.172de2fe5.html
October 11th, 2009 at 1:55 pm
A 4 bedroom home is a precious commodity here. Most people would be happy to live in a 1100 square foot 3/2.
October 11th, 2009 at 10:15 pm
> Most people would be happy to live in a 1100 square foot 3/2.
Most people are not middle-management type.
October 12th, 2009 at 7:00 am
I visited Greenwich one time. The difference between here and there is that Greenwich is a true millionaire’s row type city with HUGE mansions, Ferrari dealerships, and so on versus most of the RBA which is basically a 60′s suburb turned expensive with millionaires paying a million bucks for Wally Beav’s house.
October 12th, 2009 at 10:45 am
Not wally beav’s house, bob. Stinky the crackfiend’s house.
October 12th, 2009 at 10:58 am
I think these comparisons are pretty bogus.
Have you looked at Greenwich vs. Palo Alto?
I went to homes.com to see how many homes were for sale as well as what was nearby. Both cities have 60K population. I’ve lived in the Bay Area for 25+ years (Palo Alto for 16 of those years) but not Greenwich – so I don’t know the area but it has to be as SPECIAL as the RBA.
Here’s what I found: there are 500 homes/townhomes for sale in JUST Greenwich – not even inlcuding the other smaller towns nearby! Guess how many in Palo Alto – ONLY 60!! AND I found that there are apparently an additional 140 with pre-foreclosure notices in Palo Alto.
I really do NOT get it. If you want to live within 5 miles of Greenwich (because it’s such a SPECIAL place) you can find affordable housing. But try finding affordable, available housing 5 miles from Palo Alto – Los Altos, Atherton, Menlo Park and even Mountain View – GOOD LUCK!
And what about the houses you get for the money – not $1 mill for a crappy Eichler that’s in “mint” condition (meaning never had work done) on a 6000 sq ft lot (if lucky) but rather $1 mill for a 4+ bedroom house on 1/2+ acre lots.
Palo Alto has like 4 4-bedroom houses even on the market at one given time – so it’s not even an equitable comparison.
October 12th, 2009 at 12:08 pm
Elsie, I’m a big proponent of the limited supply theory, so your post intrgued me. however, I just did a search of available houses and found different numbers than you report.
Greenwich is a little like PA + Atherton, so I excluded all houses over 5000 sq ft in both cities. To further account for housing stock differences I set the min size at 2000 sq ft, and I only looked at 4+ bedrooms. The results:
Greenwich
83 listings
700K – 2.8M
Palo Alto
43 listings
1.3M – 5M