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Rainmaker
4,212,846
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

There are many different micro-markets in my market area.

For one it can be any condo/townhome priced at/under $500K

In another area a home priced at/under $1,500,000 is entry level.

The definition of affordable needs to be clearly explained especially for relocating clients.   

 

 

Nov 09, 2015 11:36 PM
Ambassador
1,598,436
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Average price range without looking in our area is around $200K -$300K.

Nov 09, 2015 10:22 PM
Rainmaker
2,442,558
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

Anything between $85,000 and $140,000. Below $85,000 it usually has serious problems.

Nov 09, 2015 11:57 AM
Rainmaker
5,164,566
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

We have some homes available under $250,000, and that is our "affordable housing" price point.   Hard to find in Denver.

Nov 09, 2015 10:43 PM
Rainmaker
4,334,938
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Up to low $300,000's.

Nov 09, 2015 09:34 PM
Rainmaker
860,815
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Depends on the buyers. Not nuch is under 300,000.00, but most sales near me will be in the 350-450 range.

Nov 09, 2015 09:12 PM
Rainmaker
1,429,516
Raymond E. Camp
Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

Around the area here it could be anywhere from $119,000 i the country to $400,000 fro the high area.

Average is about $200,000 overall.

Nov 09, 2015 08:45 PM
Rainmaker
846,375
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

In my area the average for a single family is over $500K but if you need more than 3 bedrooms its closer to $800K is that affordable? Not to most I would say.

Nov 09, 2015 07:18 PM
Rainmaker
3,853,202
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Sybil not that it is affordable but the least expensive homes are around $600k in my market, Endre

Nov 09, 2015 03:44 PM
Rainmaker
397,250
Jill Murty, Realtor - Orange County, CA
Movoto - Laguna Niguel, CA

An "affordable" SFR in my area would be 500-600k range. 

Nov 09, 2015 02:42 PM
Rainmaker
912,465
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Sybil - An affordable home in my area is anything under $300k. A reasonable starter home in decent shape can be purchased for around $175k minimum.

Nov 09, 2015 01:58 PM
Ambassador
1,398,250
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

Our average sale price is $302,750.

Nov 09, 2015 12:40 PM
Rainmaker
1,683,406
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

With the wide variety of incomes in this area, they are all affordable. Just not for everyone. The average price here is about $135,000.

Nov 09, 2015 12:16 PM
Rainmaker
1,541,948
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

SFR: for less than $500k, condo: less than $350k~ on average( encino ca, the calabasas city will be slightly higher, but and i would not call them ''affordable'').

Nov 09, 2015 11:51 AM
Ambassador
5,613,307
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

It depends on the buyer, I like to work with those who can afford a really nice home. $300k or more

Jan 31, 2019 02:43 PM
Rainer
319,929
Melissa Jackson
Century 21 Alliance Properties - Azle, TX
Helping You Make The Right Move

It's crazy here.  Depends on the location we have homes near TCU going for $240 - $300,000+... This area is booming!  

Average pre owned homes are $140-$250  Under $140 is usually a manufactured home, small house or a property that needs a little TLC. 

New home sales have risen $190 - $220 

Nov 15, 2015 08:51 AM
Rainmaker
6,857,683
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

First time home buyers have a difficult time in our market. Affordable single family homes are probably those under $400,000. 

Nov 10, 2015 07:13 AM
Rainmaker
2,472,894
Captain Wayne - Rowlett Real Estate School
Rowlett Real Estate School - Panama City, FL
Rowlett Real Estate School / Owner and Instructor

An affordable house in this area would be around 200K.

Nov 10, 2015 06:42 AM
Rainmaker
838,712
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

$200K - $350K

Nov 10, 2015 12:47 AM
Rainmaker
212,705
Stefan Winter
Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV
Owner - Winter Group & Real Estate Web Tech

I would say 200-300k is a nice neighborhood home here, you can get into the 130-180k but you would be on the bad side of town.

Nov 10, 2015 12:35 AM
Rainmaker
32,001
Amelia Robinette
NoVa House and Home - Frankly Realty - Falls Church, VA
Education, Innovation, Service

DC Metro is like CA...we joke and call our house the 1/2 million dollar shack. It's 1200 sq ft 3/2, great neighborhood close to everything!

"Starter" homes in the area run about $450k - $500k.

Nov 10, 2015 12:17 AM
Rainmaker
5,573,163
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

anything listed in the $250,000 to $300,000 range is very affordable....

Nov 09, 2015 11:50 PM
Rainmaker
4,416,438
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Under $300,000 and rising! Affordable is taking on whole new meaning!

Nov 09, 2015 07:40 PM
Rainmaker
2,759,637
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good Tuesday morning Sybil. That depends upon the definition of affordable. Some people can only afford $120,000 property where some can afford a $2 million property.

Nov 09, 2015 05:27 PM
Rainmaker
2,488,872
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Sybil. In Eastern Connecticut it would be under $150,000.

Nov 09, 2015 04:54 PM
Rainmaker
2,809,781
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Well I guess median here is $650,000 and avg $800-$850,000.  Maybe affordable would be $500,000.

Nov 09, 2015 04:43 PM
Rainmaker
1,157,535
FN LN
Toronto, ON

It depends upon the buyer's or buyers' income and other financial resources.

Nov 09, 2015 04:01 PM
Rainer
231,174
Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

450-550k. its california :) everything is expensive. :)

Nov 09, 2015 01:25 PM
Rainmaker
3,610,258
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Sybil, between $400,00 to $600,000 considered affordable in my area.

Nov 09, 2015 12:58 PM
Rainmaker
611,619
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Sybil,
Two car garages start at around $180,000. A starter house in the best school district is $220,000. 

Nov 09, 2015 12:33 PM