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TMW
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Home Prices
Article in the paper today about home prices around the world from money.usatoday.com. It said the average U.S. price was $422,343. In Warsaw it was
$417,760, Montreal $252,350 and Mexico City $277,213. I am really surprised that Mexico City would be that high. The web site only gave the prices for
three Mexican cities, all on the mainland.
What are the average home prices for La Paz and the Cabo area or TJ and Ensenada. I just find it hard to believe that Mexico would have that high of
average home prices unless there are 10 billion dollar homes and thousands of $10,000 homes. Maybe I'm missing something. Anyone care to comment?
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Bajaboy
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Stats can be deceiving...simple example:
10,000 + 1,000,000 = avg. home price is $505,000
The median price is a better indicator.
Zac
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oldhippie
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The homes in the better areas of TJ are $150,000 and up. Mexican buyers, Americans tend to drive by TJ.
As you can see, there is quite a spread in prices, as there is quite a spread in quality of various neighborhoods.
http://www.bienesraicesenlinea.com.mx/_socios/mostrar.asp?ti...
[Edited on 9-27-2007 by oldhippie]
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Bajajorge
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Houses around San Felipe run 200-500 Thousand depending on location and with electric or solar. Of course solar is less, but then I've seen some solar
systems that will put a big dent in your construction budget.
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Diver
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Property prices in Bahia Asuncion are nearing the $1 million mark !!!
Anyone wanna buy mine ?? 
.
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DianaT
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| Quote: | Originally posted by Diver
Property prices in Bahia Asuncion are nearing the $1 million mark !!!
Anyone wanna buy mine ??
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But then there is one quite near yours on which a nice home has been built and it is only 1.5 million. 
Boy, you need a Baja trip soon---you are really losing it. 
John and Diane
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edinnopolo
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Seems like only in the States there is a downtrend in the market. Read in the Toronto Star this morning that the prices all over Canada are still
going up by an unbelievable average of 20% over last year. And the European market is still strong, according to several Papers from there I read
daily.
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comitan
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Its all Loreto Bays fault!!!
Strive For The Ideal, But Deal With What\'s Real.
Every day is a new day, better than the day before.(from some song)
Lord, Keep your arm around my shoulder and your hand over my mouth.
“The sincere pursuit of truth requires you to entertain the possibility that everything you believe to be true may in fact be false”
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Mango
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Mexico City has some very nice neighborhoods. Coyoacán, which is just south of the city center, is a very nice older neighborhood home to many famous
Mexicans in the past.
It is a city of contrasts; pitting old against new
Central business district.
Monterey and Mexico City are probably the two wealthiest cities in Mexico. There are some very rich people here. I'd show you photos of some of the
nice houses; but, it would be a picture of a gate with a house in the distance.
For some cool areal photos of the area in and around DF, check out this site:
http://homepage.mac.com/helipilot/PhotoAlbum20.html
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Hook
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| Quote: | Originally posted by Diver
Property prices in Bahia Asuncion are nearing the $1 million mark !!!
Anyone wanna buy mine ??
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No thanks..............I hear it's a gringo enclave.
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BajaBruno
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Thank you, Mango. I never leave Mex City without a visit to Coyoacán. It is a beautiful place with a lovely church and many trendy shops and cafes.
TW's article mentions only Mexico City and as BajaBoy mentions, statistics can be deceiving. My guess is that real estate reporting is not
all-inclusive in DF and only the higher priced units make it onto the list. This will skew the results as BajaBoy describes.
Having said that, I might mention that my sister-in-law just bought a $300,000 condo in DF, so there is a lot of money in circulation, and high-end
properties are finding favor with the wealthier Mexican buyers.
Christopher Bruno, Elk Grove, CA.
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TMW
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Here is the list of prices around the world. It is the average per location. I would like to know the medium where half sold for more and half sold
for less.
HIGHS AND LOWS IN THE USA
Average home sales price in 2007 (full chart):
Most expensive (millions)
Beverly Hills, Calif. $2.2
Greenwich, Conn. $2.0
La Jolla, Calif. $1.8
Santa Monica, Calif. $1.8
Newport Beach, Calif. $1.6
Santa Barbara, Calif. $1.6
Palo Alto, Calif. $1.5
San Mateo, Calif. $1.5
San Francisco $1.5
Boston $1.4
Least expensive
Killeen, Texas $136,725
Minot, N.D. $139,033
Arlington, Texas $139,175
Canton, Ohio $146,333
Muncie, Ind. $150,000
Topeka $150,075
Fort Worth $151,250
Tulsa. $153,750
Grayling, Mich. $155,000
Wichita $156,500
Source: Coldwell Banker Home Price Comparison index
FOREIGN HIGHS AND LOWS
Average 2007 sales prices of homes in U.S. dollars* (full chart):
Most expensive (millions)
Dublin $2.1
Milan, Italy $1.9
Rome $1.8
Paris $1.7
Cork County, Ireland $1.6
Florence, Italy $1.4
Galway County, Ireland $1.1
Limerick County, Ireland $1.1
Lisbon, Portugal $1.1
Sydney $0.9
Least expensive
Bogot, Colombia $140,100
Sharm El Sheikh, Egypt $144,896
Granada, Nicaragua $190,000
Panama City $201,333
Manama-Muharraq, Bahrain $230,500
Aruba $236,250
Suzhou, China $241,275
Guadalajara, Mexico $246,522
St. Julians, Malta $255,500
St. Andrew, Jamaica $273,061
* conversions done on oanda.com as of Sept. 7; Source: Coldwell Banker, Home Price Comparison index
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TMW
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U.S. cities
Home comparison index for 317 U.S. markets
Updated 1d 22h ago | Comment | Recommend 6 E-mail | Save | Print |
Average home sales price in 2007 for a 2,200 square foot single-family dwelling with 4 bedrooms, 2 1/2 baths and 2 car garage for 317 U.S. markets.
Metro area/market State 2007 average sales price
Anchorage AK $340,302
Juneau AK $465,000
Huntsville AL $212,183
Mobile AL $232,375
Fayetteville AR $252,950
Fort Smith AR $183,950
Little Rock AR $217,310
Flagstaff AZ $476,353
Mesa AZ $257,467
Phoenix AZ $320,000
Scottsdale AZ $525,667
Tucson AZ $286,667
Bakersfield CA $396,686
Beverly Hills CA $2,206,883
Davis CA $611,010
Encinitas CA $741,250
Fremont CA $983,050
Fresno CA $381,333
Grass Valley CA $472,654
Irvine CA $823,750
La Jolla CA $1,800,000
Long Beach CA $1,000,442
Mission Viejo CA $814,500
Modesto CA $421,667
Monterey Peninsula CA $838,750
Napa CA $728,500
Newport Beach CA $1,617,500
Oakland CA $955,000
Palm Desert CA $461,250
Palo Alto CA $1,677,000
Palos Verdes CA $1,325,000
Pasadena CA $975,000
Pleasanton CA $870,000
Rancho Bernardo CA $686,667
Riverside CA $435,000
Sacramento CA $380,625
San Diego CA $618,750
San Francisco CA $1,451,250
San Jose CA $1,145,000
San Mateo CA $1,498,023
San Rafael CA $845,000
Santa Barbara CA $1,599,667
Santa Clarita CA $647,708
Santa Cruz CA $849,667
Santa Maria CA $484,000
Santa Monica CA $1,785,000
Santa Rosa CA $721,667
Thousand Oaks CA $1,001,538
Walnut Creek CA $874,000
Boulder CO $615,000
Colorado Springs CO $197,500
Denver CO $400,000
Fort Collins CO $236,100
Highlands Ranch CO $367,500
Danbury CT $527,225
Fairfield CT $635,500
Greenwich CT $2,018,750
Milford CT $450,725
Old Lyme CT $607,500
West Hartford CT $365,000
Wilmington DE $414,500
Boca Raton FL $531,250
Clearwater FL $349,000
Ft. Lauderdale FL $462,125
Ft. Myers FL $353,317
Gainesville FL $305,750
Jacksonville FL $340,353
Key West FL $929,818
Miami FL $638,333
Naples FL $450,333
Orlando FL $407,000
Ormond Beach FL $325,442
Panama City FL $329,689
Pensacola FL $241,632
Port Charlotte FL $239,100
Sarasota FL $367,500
Tallahassee FL $354,538
Tampa FL $350,000
West Palm Beach FL $393,750
Athens GA $248,633
Atlanta GA $324,000
Columbus GA $250,750
Dalton GA $182,500
Macon GA $165,440
Savannah GA $268,900
Honolulu HI $843,750
Kihei, Maui HI $963,000
Des Moines IA $260,275
Dubuque IA $200,600
Iowa City IA $212,855
Sioux City IA $184,000
Boise ID $250,400
Coeur d' Alene ID $250,370
Aurora IL $311,333
Barrington IL $583,500
Bloomington IL $230,500
Carol Stream IL $354,333
Champaign IL $236,917
Chicago IL $732,333
Deerfield IL $600,000
Elgin IL $308,500
Flossmoor IL $319,667
Galena IL $221,000
Joliet IL $258,333
Naperville IL $375,859
Orland Park IL $369,875
Peoria IL $214,625
Rockford IL $199,875
Schaumburg IL $336,850
Springfield IL $220,617
Evansville IN $179,822
Fort Wayne IN $182,212
Indianapolis IN $200,343
Muncie IN $150,000
Munster IN $341,667
Schererville IN $259,375
South Bend IN $180,500
Valpariso IN $250,475
Lawrence KS $232,300
Leavenworth KS $212,833
Overland Park KS $201,650
Topeka KS $150,075
Wichita KS $156,500
Florence KY $209,579
Lexington KY $234,500
Louisville KY $238,000
Baton Rouge LA $250,444
Lafayette LA $232,467
New Orleans LA $310,875
Shreveport LA $225,750
Acton MA $592,642
Boston MA $1,381,250
Cape Cod MA $659,000
Framingham MA $500,167
Lexington MA $721,250
Northampton MA $382,000
Springfield MA $369,000
Taunton MA $392,500
Wellesley MA $1,193,750
Worcester MA $286,000
Annapolis MD $600,750
Baltimore MD $556,000
Bel Air MD $401,500
Bethesda MD $950,000
Columbia MD $480,500
Easton MD $384,500
Frederick MD $415,000
Hagerstown MD $316,450
Towson MD $401,250
Waldorf MD $406,267
Westminster MD $390,000
Augusta ME $157,400
Lewiston ME $244,500
Portland ME $354,000
Ann Arbor MI $303,750
Cadillac MI $212,450
Detroit MI $248,750
Grand Blanc MI $208,333
Grand Rapids MI $183,433
Grayling MI $155,000
Indian River MI $245,500
Jackson MI $174,046
Kalamazoo MI $228,450
Lake Orion MI $255,394
Lansing MI $263,500
Midland MI $210,500
Mt. Pleasant MI $192,075
Petoskey MI $259,967
Port Huron MI $209,373
Traverse City MI $230,667
Edina MN $434,975
Lake Minnetonka MN $399,150
Mankato MN $261,000
Minneapolis MN $415,767
Rochester MN $211,329
St. Cloud MN $264,600
St. Paul MN $402,767
Kansas City MO $238,875
Springfield MO $189,650
St. Louis MO $225,875
Gulfport/ Biloxi MS $204,500
Jackson MS $244,000
Tupelo MS $179,125
Billings MT $168,542
Bozeman MT $341,212
Great Falls MT $183,000
Helena MT $249,700
Kalispell MT $207,750
Charlotte NC $258,780
Fayetteville NC $206,017
Greensboro NC $182,178
Raleigh NC $238,000
Wilmington NC $339,082
Winston-Salem NC $228,900
Bismarck ND $199,662
Fargo ND $217,890
Minot ND $139,033
Kearney NE $208,250
Norfolk NE $212,250
North Platte NE $195,762
Hanover NH $496,000
Nashua NH $367,500
Portsmouth NH $283,000
Basking Ridge NJ $679,333
Bridgewater NJ $594,333
Cherry Hill NJ $287,167
Clinton NJ $491,250
Edison NJ $500,500
Madison NJ $709,250
Marlboro NJ $485,000
Montclair NJ $546,950
Mt. Laurel NJ $353,800
Princeton Junction NJ $569,375
Ridgewood NJ $1,006,250
Sparta NJ $528,125
Toms River NJ $450,396
Warren NJ $820,000
Wayne NJ $581,000
Westfield NJ $690,875
Albuquerque NM $317,319
Santa Fe NM $640,062
Las Vegas NV $362,188
Reno NV $384,500
Albany NY $343,615
Binghamton NY $193,382
Buffalo NY $248,575
Katonah NY $904,750
Long Island NY $640,000
Middletown NY $400,667
Queens NY $677,250
Rochester NY $268,600
Rye NY $876,875
Staten Island NY $531,700
Syracuse NY $214,725
Akron OH $183,100
Canton OH $146,333
Cincinnati OH $250,530
Cleveland OH $213,833
Columbus OH $238,170
Dayton OH $179,750
Harrison OH $205,300
Toledo OH $163,278
Oklahoma City OK $193,750
Tulsa OK $153,750
Bend OR $359,750
Eugene OR $361,982
Medford OR $433,250
Portland OR $317,500
Salem OR $311,567
Allentown PA $359,667
Conshohocken PA $405,000
Doylestown PA $472,475
Erie PA $205,475
Harrisburg PA $279,633
Lancaster PA $281,525
Media PA $337,175
Philadelphia PA $515,225
Pittsburgh PA $263,964
Reading PA $262,494
Stroudsburg PA $283,375
Westchester PA $344,341
York PA $283,333
Puerto Rico PR $357,500
Providence RI $483,333
Charleston SC $389,750
Columbia SC $198,967
Greenville SC $208,020
Myrtle Beach SC $273,750
Rapid City SD $197,600
Chattanooga TN $230,451
Knoxville TN $202,450
Memphis TN $191,936
Nashville TN $238,333
Amarillo TX $188,634
Arlington TX $139,175
Austin TX $243,250
College Station TX $209,044
Corpus Christi TX $183,625
Dallas TX $302,198
El Paso TX $229,306
Fort Worth TX $151,250
Houston TX $169,736
Killeen TX $136,725
Lubbock TX $163,250
Plano TX $204,144
San Antonio TX $258,166
Provo UT $363,975
Salt Lake City UT $408,125
Alexandria VA $771,500
Leesburg VA $545,000
Lynchburg VA $275,269
Richmond VA $360,792
Roanoke/Blacksburg VA $292,250
Vienna VA $766,333
Virginia Beach VA $398,663
Winchester VA $309,000
Woodbridge VA $465,000
Burlington VT $373,475
Montpelier VT $336,333
Rutland VT $291,718
Bellevue WA $763,667
Seattle WA $555,839
Spokane WA $286,250
Tacoma WA $375,750
Tri-Cities WA $228,988
Appleton WI $182,400
Eau Claire WI $158,650
Fond du lac WI $234,645
Green Bay WI $266,150
Madison WI $264,950
Milwaukee WI $324,750
Wausau WI $199,370
Beckley WV $165,333
Charleston WV $176,625
Parkersburg WV $164,333
Cheyenne WY $225,956
Washington D.C. $808,500
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TMW
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Home comparison index for international markets
Updated 3d 14h ago | Comment | Recommend E-mail | Save | Print |
Average home sales price in 2007 for a 2,200 square foot single-family dwelling with 4 bedrooms, 2 1/2 baths and 2 car garage for select international
markets (in U.S. dollars with conversions done on oanda.com as of Sept. 7):
Country Market 2007 average sales price (U.S. dollars)1
Aruba Aruba $236,250
Australia Brisbane $657,464
Sydney $874,553
Perth $750,850
Bahrain Manama-Muharraq $230,500
Belize San Pedro $697,500
Canada Calgary $513,250
Edmonton $566,750
Burnaby $650,750
Vancouver $1,327,875
Winnipeg $344,868
Moncton $255,925
St. John's $209,000
Halifax $253,500
Toronto $862,674
Brantford $268,750
Charlottetown $157,630
Montreal $252,350
Saskatoon $211,666
Whitehorse $326,250
China Beijing $709,687
Hangzhou $870,996
Shanghai $774,799
Suzhou $241,275
Colombia Bogotá $140,100
Costa Rica San Jose $389,900
Egypt Cairo $328,719
Sharm El Sheikh $144,896
France Lyon $650,485
Marseilles $547,039
Nice $563,080
Paris $1,677,878
Honduras Tegucigalpa $377,500
Ireland Cork County $1,630,061
Dublin $2,133,891
Galway County $1,124,987
Limerick County $1,091,283
Italy Milan $1,917,195
Florence $1,352,167
Rome $1,793,838
Jamaica St. Andrew $273,061
Japan Tokyo $780,346
Malta Attard $274,200
Marsascala $294,250
VSt. Julians $255,500
Mexico Guadalajara $246,522
Mexico City $277,213
Monterrey $274,043
Netherlands Amsterdam $537,148
Nicaragua Granada $190,000
Panama Panama City $201,333
Poland Cracow $368,527
Gdansk $283,792
Warsaw $479,000
Portugal Algarve $383,878
Cascais $526,758
Lisbon $1,053,584
Romania Bucharest $607,200
Singapore Singapore $1,039,545
Spain Madrid $1,135,351
Seville $906,009
Valencia $774,613
St. Croix Christiansted $702,500
Turkey Istanbul $417,760
United Arab Emirates Dubai $1,127,459
1 - conversions done on oanda.com as of Sept. 7; Source: Coldwell Banker, Home Price Comparison index
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TMW
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I guess the key to these homes is that they are 2200 sq ft.
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Marie-Rose
Senior Nomad
Posts: 894
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Mood: Worried...
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I'm not sure about any of the prices of homes outside of Canada but I can tell you that I KNOW the average price of homes in Edmonton are not as high
as the homes in Calgary and although the homes are expensive in Vancouver I find it hard to believe that the average home of the stated size is
1,350,000. Seems a bit excessiveto me.
Having said that, maybe the other prices are not realistic either.
Remember, when in Mexico, yes may be no and no may be
maybe!
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Bajaboy
Ultra Nomad
Posts: 4375
Registered: 10-9-2003
Location: Bahia Asuncion, BCS, Mexico
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Again, these are averages and not the median. Basically they are useless figures...well, I suppose they are trivial figures.
Zac
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capn.sharky
Senior Nomad
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Mango---I went to your photo site. God!!!! I knew Mexico City was big...but I had no idea just how big until I saw your beautiful pictures. Thank
you for sharing. Loreto looks better to me now.
If there is no fishing in heaven, I am not going
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Eli
Super Nomad
Posts: 1471
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Location: L.B. Baja Sur
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Mood: Some times Observing, sometimes Oblivious.
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When reviewing the cost of building a very special beach front home or even a fine custom home with a view of the playa in Southern Baja California I
suggest one reflects on the cost for the same type of structure and property in Malibu or Hawaii or Lake Tahoe, not Bum Truten Idaho; That way I
think one will find the prices comparrison to be bit more realistic, for sure much more tolerable, actually the deal of the century. If If you want to
build a simpe little cracker box for Bodaken Oregon prices look inland, Agua Caliente for example and build accordingly.
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BajaBruno
Super Nomad
Posts: 1035
Registered: 9-6-2006
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I humbly disagree as to the relevancy, or lack thereof, of the mean versus the median. [For a refresher, mean= what most people call the "average,"
while median = the numeric "middle value" in a string of data.]
In a large, well distributed sample, the two statistics should be near each other. In a small, skewed sample with outliers, the median may give a
more realistic idea of the center, but in the large cities represented above, lack of data is not a problem.
Real estate statisticians do typically use the median, because it is not sensitive to outliers, but in the real world, the mean is just as relevant.
Christopher Bruno, Elk Grove, CA.
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