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05-15-2007, 04:54 PM
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Senior Member
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Join Date: Jan 2007
338 posts, read 369,220 times
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Accdg to CNN Money - SA now has higher median price than Houston and Dallas for 1Q 2007
http://money.cnn.com/2007/05/14/real...ion=2007051510
Accdg to the latest report, SA's median home price is now 148.3, an 11.7% increase, surpassing Houston's and Dallas' median home price of 147.2 and 145.5 respectively. Austin is still the highest in Texas for 176.2.
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05-15-2007, 05:02 PM
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Junior Member
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Join Date: Apr 2007
5 posts, read 7,602 times
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the price gap will continue to grow between SA/Austin and Houston/Dallas as we use up the last bit of easily developable acreage that doesn't have the south-side stigma.
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05-15-2007, 05:43 PM
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Senior Member
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Join Date: Dec 2006
528 posts, read 546,323 times
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those median prices are funny, for 150k you get a small house out in a subdivision 12-20miles from downtown.
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05-15-2007, 06:43 PM
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Not a member
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Join Date: Dec 2006
Location: Texas
2,703 posts
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Yeah, Austin's larger hills are the reason for that. San Antonio is built on a lot of hills, but some of the new development isn't built on too hilly land. Dallas has small bumps in the road (they consider them hills; exception is Duncanville/DeSoto/Cedar Hill), but the new development is built on flat land, much like Houston.
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05-15-2007, 06:52 PM
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Not a member
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Join Date: May 2006
Location: san antonio - 210
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Hills have nothing to do with this.
Phoenix and Las Vegas both have outrageous housing costs and they're terain is flat and dusty.
Terrain doesn't have much to do with value of homes.
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05-15-2007, 07:00 PM
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Not a member
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Join Date: Dec 2006
Location: Texas
2,703 posts
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Really? I thought it did (with drainage, plumbing, etc.). If so, why are homes built in the hills more expensive than a similarly sized home on flatter land?
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05-15-2007, 07:06 PM
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Not a member
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Join Date: May 2006
Location: san antonio - 210
1,724 posts
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That may have some affect on price of construction but very little. A home on flat land that costs 100,000 to build will cost maybe 107,000 on hilly/steep terrain.
Not ness. hilly but steep.
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05-15-2007, 07:31 PM
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Senior Member
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Join Date: Dec 2006
528 posts, read 546,323 times
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austin is more expensive because its a funky place to live, lots of demand. prices are set by supply and demand.
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05-15-2007, 07:32 PM
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Not a member
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Join Date: Dec 2006
Location: Texas
2,703 posts
Reputation: 206
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Yeah, Austin is very liberal. A lot of hippies, treehuggers, etc. I love it like that, too.
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05-15-2007, 07:41 PM
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Not a member
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Join Date: May 2006
Location: san antonio - 210
1,724 posts
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Quote:
Originally Posted by montevista1
austin is more expensive because its a funky place to live, lots of demand. prices are set by supply and demand.
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Oh man, where do you people come up with this stuff?
Price of homes isn't determined by terrain or how funky a place is. |
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