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Rainmaker
842,111
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Hey, if they're happy, I'm happy. An old small house out here like that, probably about 75k. Newer dinky house/garage in a nicer area maybe 150k. Prices are high in CA, esp. those areas; so are costs of living. That's why they come here! Only a state line separates us geographically, but the difference in air quality, natural beauty, room to move, lower costs and far less regulations is huge.

Mar 03, 2018 02:10 AM
Rainmaker
648,146
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

And this is why they say real estate is all about location

Mar 03, 2018 05:16 AM
Rainmaker
3,713,371
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Crikey... we don't hardly even have 2 bedroom homes in my area. Certainly would not break $100,000 unless there were some extenuating circumstances, such a location, size of lot, etc. In some cases people would pay for the lot to tear down the home and put up something big.

Mar 03, 2018 05:09 AM
Ambassador
2,042,386
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

You buy about 20 of these in our area, live in one and be a full time landlord for the remainder.  

Mar 03, 2018 04:50 AM
Rainmaker
558,422
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

Here in Carmel-by-the-Sea where you can't buy anything under a million, the value is in the lot. If you get even a glimpse of the ocean, the price goes up at least $100,000 automatically. The closer to the ocean, the higher the price.

Mar 02, 2018 09:16 PM
Rainmaker
389,064
Jill Murty, Realtor - Orange County, CA
Sunset Properties, Powered by Movoto - Laguna Niguel, CA

On an average lot size and no view, I'd put it at around 600k more or less.

Mar 02, 2018 09:10 PM
Ambassador
3,926,234
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

WOW! That is shattering news, Fred!

I will say that something like that in Charlotte could easily sell for $200K though - especially in some of our inner-city neighborhoods...or on a large lot in the 'burbs.

Mar 02, 2018 08:21 PM
Rainmaker
1,115,859
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

As a Bay Area Native, I witnessed ridiculousness like this since 1998.

I left there for what many won't admit to, you have no life there. Traffic, high cost of living, unaffordable housing and the pace went from mild stroll to 100% incline full speed back in the late 1990's. When I visit home, I the stress is palpable.

Mar 03, 2018 07:27 AM
Rainmaker
6,152,137
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

A good reason not to move to the area.

Mar 03, 2018 06:58 AM
Rainmaker
707,711
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

No not in my market, We are still pretty affordable. But I must admit, these homes are really getting hard to find.

Mar 03, 2018 06:53 AM
Rainmaker
3,069,179
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Ken Jones, ASA, SCGREA, CRES nailed this one!

Mar 03, 2018 06:04 AM
Rainmaker
1,659,128
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

I never think that or think 'like' that. I don't care because I am not in that market. Moby's house just went on the market for 4+M & 'that's nice'.

A Chicago bungalow in the Gold Coast has taxes of $35K plus - what's the difference?

Mar 03, 2018 05:37 AM
Rainmaker
848,545
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Location, location, location.

The humble abode, placed stratigicly could easly fetch 2 mil. and have a 7 mil structure replace it. 

They are not making new big waterveiew beachfront.

Mar 03, 2018 05:33 AM
Ambassador
1,706,870
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

That's why rven those will $400,000 salaries rent instead of buy.

Mar 03, 2018 05:30 AM
Rainmaker
1,560,589
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Fifteen Years Experience in Brevard County

Amazing... I couldn't sleep at night with the thought of how much I paid when there are so many other options available for two million!

Mar 03, 2018 02:41 AM
Rainmaker
504,088
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

In Kenosha, Wisconsin this house would sell for $120,000 to $150,000 Max!

Mar 02, 2018 09:57 PM
Rainmaker
1,231,318
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Location, Location, Location.

Mar 03, 2018 09:12 AM
Rainmaker
792,377
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Sounds like Manhattan.

Mar 03, 2018 05:12 AM
Rainmaker
1,601,074
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

I must be watching too many detective shows because the only reason I can fathom someone paying that kind of money for that house is if there is a dead body hidden behind a wall that they don't want discovered.  I know it's California but... seriously?!?

Mar 03, 2018 05:02 AM
Ambassador
5,022,525
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

It would sell for a lot less here.

Mar 02, 2018 10:52 PM
Rainer
54,743
Joe D'Agostino
NMLS# 729950 - Manahawkin, NJ
Mortgage Officer 46 years!

I live on an Island in South Jersey. If this was an Ocean or Bay front, a $1million plus would not be unusual. If off the Ocean or Bay, approx. $700K

Mar 07, 2018 07:15 AM
Rainmaker
4,554,105
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

If this house was close to Cherry Creek or Wash Park, it could go for over a million.

Mar 05, 2018 04:23 PM
Rainmaker
834,840
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I used to live in Sunnyvale, Ca. Now I live and work in the East Bay. Inventory is painfully low. Buyers often command incomes that are also above those in many other parts of the U. S. Some bring family money with them when the go shopping for a home.

In due time, I suspect that little house will replaced by or remodeled into a much larger McMansion.

Mar 04, 2018 09:20 PM
Rainmaker
3,842,805
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

In my mind there is something wrong here, but it is California and strange things happen there.

Mar 04, 2018 04:56 PM
Rainmaker
280,449
Jeanne Gregory
RE/MAX Southwest - Sugar Land, TX
The most important home I sell is YOURS!

I just posted this on my FB page.  One more reason to be happy to live in Texas

 

Mar 04, 2018 09:14 AM
Rainmaker
3,259,348
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Although I would love to sell home sin that price point, that home here could be from $170,000 to$200,000. I have had 2 buyers who relocated from CA already this year. Funny thing is we did discuss not bringing CA politics to NH. Both had brought it up, i didnt ask and both were leaving due to CA taxes and politics

Mar 04, 2018 06:30 AM
Rainmaker
3,985,753
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

$125,000

Mar 03, 2018 09:11 PM
Rainmaker
4,064,733
Dorie Dillard CRS GRI ABR
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

 No..it would not have a $2M rice tag!

Mar 03, 2018 07:03 PM
Ambassador
4,309,851
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Fred Griffin - possible if it was in South Mumbai...

Mar 03, 2018 06:13 PM
Ambassador
3,986,094
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Our prices would be much like your prices in Tallahassee. Glad we don't have that kind of market because no buyers would qualify. 

Mar 03, 2018 05:06 PM
Ambassador
2,999,581
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Value is the meeting of minds between what a buyer will pay and seller will accept on any property in any place.

Mar 03, 2018 01:17 PM
Rainmaker
1,429,777
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Fred Griffin This would be good news for my Sister and her Husband. They own a house in Sunnyvale.

Mar 03, 2018 12:13 PM
Rainmaker
498,796
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

We are seeing $500 per sq ft on a busy road, new construction, for a 1000 sq ft 2/2. But that is mind numbing for the home you show, Fred Griffin .

Mar 03, 2018 10:45 AM
Ambassador
4,386,428
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Yep that was pretty numbing, alright...a new record I think. Near the beach this could hit $1.5M or so...maybe $2M if oceanfront. I have past clients that sold a 900 SF for $1.3M in the bay area but nowhere near that record. LA is not much better these days it seems.

Mar 03, 2018 10:41 AM
Rainmaker
258,917
Lesley Wilson-VanGoethem
Innovative Realty Solutions Group - Winter Springs, FL
Residential Real Estate Broker Associate

Fred,  Those prices boggle my mind..  Cant wrap my head around those amounts~

 

Mar 03, 2018 10:06 AM
Rainmaker
1,118,776
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

One toilet not two. 

The agent who sat next to me selling these former blue collar workers entry level homes for $600,000 over asked last year. They are near Westinghouse Electric Submarine engine works.  These flamboyant agents last that long because the younger generation does not want to commute far. You can NOT blame the younger generation all opportunities are there.

The people who inflate the property value are also the executives who refuse to relocate to cheaper housing even in Silicon Valley. It started with people like Steve Jobs who refuse to move Apple headquarters a few miles away from his home to South SJ.

Mar 03, 2018 10:06 AM
Rainmaker
411,487
Katina Hargrove 352-551-0308
Stake Your Land Realty, Inc. - Eustis, FL
Broker/Owner, GRI,SFR, REALTOR®

Not in my lifetime.

Mar 03, 2018 09:49 AM
Rainmaker
3,826,819
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Depending on location, rarely died anything in California teal estate surprise me.

Mar 03, 2018 09:35 AM
Rainmaker
2,589,234
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

This is the world of Real Estate where it has the final say with market support...I visited a pocket in CA where it is congested, parking is a problem and houses are old yet there is a demand for anything and for top dollar too

Mar 03, 2018 09:09 AM
Rainmaker
2,795,879
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

That does sound high, esp for 2 bedroom.  In some towns here, I suppose that could be around $1 million (of course it would have steps LOL).  But, for many places here maybe $500-$750,000, and for less expensive towns maybe $300,000-$450,000.  We are in higher cost of living area. Avg home = $850,000.  In NYC you would not have a lawn, but you'd be paying a lot more money.

Mar 03, 2018 09:05 AM
Rainmaker
1,336,073
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

While those prices are a bit high for my part of California, in that area I can believe it.

Mar 03, 2018 09:03 AM
Rainmaker
577,189
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

A home like that in my neighbourhood would likely sell for $800,000 +

Mar 03, 2018 08:55 AM
Rainmaker
5,532,518
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

that's $300k to $310 ....

Mar 03, 2018 08:34 AM
Rainmaker
2,946,331
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Welcome to my world.  Yes, it would and they do, all day long. I went to Sunnyvale High School. I do work in Sunnyvale although that is not my primary market.  The same thing is happening all over the bay area. Needless to say Fred Griffin this makes working with buyers on a budget a real challenge. 

Mar 03, 2018 07:42 AM
Rainmaker
4,799,006
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It would be the same as your market here in Stuart, FL.

Mar 03, 2018 07:29 AM
Rainer
69,538
Shawn and Angela Miller
Berkshire Hathaway HomeServices Amabassador Real Estate - Lincoln, NE
Lincoln and Omaha, NE REALTORS®

I read about this today.  My jaw dropped.

Mar 03, 2018 07:26 AM
Rainmaker
5,164,230
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Fred,

Sam Shueh has been sharing this type of crazyness with us.  When we lived in Napa, this type of stuff was happening at the height of the market.  What people are not watching is that the Silicon world is moving away from San Jose, years ago to Oakland, and now to other states.  Carl's Junior had headquarters in the small city of Carpinteria where we live a few mns from Santa Barbara, and they are relocating to Idaho.

A

Mar 03, 2018 07:09 AM
Rainmaker
54,478
Jordan Ayan
The Lifestyle Collection - Scottsdale, AZ
Luxury Market Expert, CLHMS,Million Dollar Guild

Location, location, location.  I was just was reading that the Silicon Valley crowd is buying $350 chickens and spending thousands to feed them on salmon and watermelon.  They live on a completely different level than the rest of the nation.  When location is important and money is no object, price will still follow the laws of supply and demand but it will be on steroids.

Mar 03, 2018 06:55 AM
Rainmaker
812,023
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

It might sell around $250-$300,000 around here.

Mar 03, 2018 04:27 AM
Rainmaker
1,990,904
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

About $139,900 here

Mar 03, 2018 04:23 AM
Rainmaker
846,120
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Crazy and no, not even close.

Mar 03, 2018 04:00 AM
Rainmaker
1,696,275
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

It doesn't even have updated appliances! 

Here, that would sell for about 10% of that price.

Mar 03, 2018 03:30 AM
Rainmaker
2,035,199
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Flukes happen. Give me three of them closed for an appraisers comp use. Start the song Mr Hooper, Bert & Ernie. Three of these things are just like the other... one of these sales just doesn't belong. 

Mar 03, 2018 03:22 AM
Rainmaker
4,433,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thank you for sharing 

Mar 03, 2018 03:04 AM
Rainmaker
1,507,525
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

Yes, it is my hood, and it is real.

Mar 02, 2018 10:44 PM
Ambassador
3,492,599
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Your right Fred Griffin 

Mar 02, 2018 10:04 PM