11 January 2005
Visions of dollar signs
The place three doors down closed for a startling $101,000.
I have never before lived on a block where a house actually sold for six figures. Geez, what must my humble little doll house be worth?
(No, I'm not moving. Don't even think that.)
Posted at 1:08 PM to Surlywood
You mean there are places where a dwelling can be bought for under $100,000!? I mean, in the United States?
Well Charles, dream about how much it might be worth in another 20 years.
Jay must not be from Oklahoma!
Coldwell Banker does an annual comparison of metro areas based on the selling price of a 2200-square-foot house (much larger than anything on my block) with four bedrooms, 2½ baths, and a two-car garage. The national average for such a spread was $354,372; you could buy one here for $182,158.
And a little poking around Realtor.com turned up a figure for the average home price (over six months) in this ZIP code, an area developed generally between the late 1940s and the early 1960s.
This comes to $94,112.