The Wall Street Journal recently ran a story about home prices across the country.
This was one of those “wow, prices are different”, “New York City real estate is really expensive” type of story.
Not everyone can just up and move to Detroit simply because a 5,000-square-foot Tudor mansion there costs only $1,000 more than a 400-square-foot studio apartment on Manhattan’s Upper East Side. Even so, it can’t hurt to look. You never know when you might have to move because of a job.
They then gave examples in such far-flung places as Arlington, VA, Detroit, MI, and Dellona, WI. (?!)
So, what do you get in Boston?
A condominium at the Church, on Clarendon Street sold a couple months ago, for $400,000. This is a street-level, one bedroom with approximately 700 square feet of space. Condo fee of $422 includes heat and hot water.
Landmark building in prime South End location. Elevator, professionally managed building features landscaped grounds, rental parking on-site (when available) and stunning common roofdeck. The unit is located on the Montgomery St side (South facing) with private entrance through brick/landscaped semi-private patio. This large one bedroom home has a great layout, kitchen open to living/dining space and a large bedroom with great closet.
So, not as expensive as SF or NYC … but close.
Source: One Room or a Mansion? – Diana Ransom, The Wall Street Journal