Economic geography of real estate

This New York Times article grabbed by attention this morning, This Real Estate Columnist is Also a Geographer. Author Julie Lasky thinks up a number, like $250,000 or $600,000, and looks at what sort of home a buyer can get for that price in various cities across the country. She has examined homes in cities like San Diego, Philadelphia, and Cedar Rapids, IA.

Of course, this is all about urban real estate. What can a buyer expect to pay for a home in San Diego or Philadelphia or Cedar Rapids? Obviously geography can make a huge economic difference in housing affordability.

The same economic geography applies to rural areas and resort areas of the country. What does $250,000 or $600,000 buy in the predominantly second home market of NW Wisconsin lakes country?

This charming rural 3 bedroom home on 10 acres sold for $230,000

This gorgeous 3 bedroom luxury lake home with pending offer is listed at $550,000.

9450 E Boulder Dr, Solon Springs

Find out what your home will sell for in our current local market. Call Jean Hedren, your Edina Realty NW Wisconsin Realtor, at 218-590-6634. Visit www.JeanHedren.com

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