Quote:
Originally Posted by TinyEvel
Was a report in the L.A. Times this morning that median home prices rose 20 percent over a year ago. Median being in Southern California, it's the price that 50 percent of homes sold are below that price, and 50 percent of homes sold are above that price (includes condos and townhomes)
The median prie was 300,000 average. this includes L.A. proper, inland empire (prices dropped) Sn Diego, Orange County (rose significantly) etc.
This 300,000 price seems like a bargain to me, as in West Los Angeles/santa monica a 3-bedroom home about 1600 square feet goes for 850K - 1.1MM.
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That sucks. The house we just bought in OP for about $210,000 built in 1996 is 2300 square feet plus another 1,000 or so in the basement should we get it finished. I am sure most of KC is the same way.
I couldn't stand to live somewhere were the price per square foot is $400. We aren't even over a hundred.