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Don’t look now, but the housing market is suddenly bearing signs of life. Many large metro real estate markets are stabilizing — some even posting gains in home values. For example, the Miami real estate market hit bottom in Q4 of 2011 and is projected to gain 5.6 percent in value between March 2012 and March 2013. Does this mean people should get off the sidelines? The answer appears to be yes, according to Zillow Chief Economist Dr. Stan Humphries.
“For people who have been waiting to time their home purchases close to the market bottom, it’s time to start shopping,” said Humphries.
And with this positive bit of real estate news, let’s take a look at what $350,000 can buy in major metros in the U.S.
2764 Westlake Ave N APT A, Seattle WA 98109
For sale: $350,000
Square footage: 1,000
As the national headquarters for Starbucks, Amazon, and Microsoft, Seattle is a city known for its tech companies, caffeinated city folk and spawning the grunge music scene in the 1990s. Despite the city’s many days of gray weather, the area continues to attract new people. Current median home values are relatively steep, hovering around $346,300.
One of the best things about Seattle real estate is that some of the homes for sale float. Pay homage to “Sleepless in Seattle” with this floating home for sale. No, it’s not the one featured in the movie, but it does have French doors that open out to a wraparound deck with spectacular views of the city. The home also features slate and hardwood floors and built-in window seats and bookcases.
653 Wilmington Ave, Salt Lake City, UT 84106
For sale: $349,000
Square footage: 1,960
Founded in 1847 by Mormon leader Brigham Young, Salt Lake City has grown beyond simply being the headquarters for the Church of Jesus Christ of Latter-day Saints. After hosting the 2002 Winter Olympic Games, Salt Lake’s tourism industry has grown and the city is now known as a convention center hub. The median list price of homes in Salt Lake City is currently $225,000.
Listed on the sweetly named Sugar House real estate market, this brand-new contemporary Salt Lake City home (above) offers an open floor plan with 3 bedrooms and 2.5 baths with floors made of concrete and bamboo. Even the garage has a slanted roof. The house is close to eateries and a planned streetcar line/bike trail.
9672 SW 158th Ave, Miami, FL 33196
For sale: $349,000
Square footage: 2,784
With four major professional sports teams, vibrant economy, sizzling beach and night life scene and a growing population, it’s no wonder Miami’s home values are on the rise. Median home values currently ring in at $184,600, which is an increase of 1.9 percent year-over-year.
This Mediterranean-style home in The Hammocks neighborhood of Miami offers 4 bedrooms, 3 baths and is situated on an oversize lot. The home has tile on first floor and wood on second floor as well as a brand new A/C unit.
1046 N Edgefield Ave, Dallas, TX 75208
For sale: $349,900
Square footage: 1,747
One of the biggest cities in the United States, Dallas also has the third-largest concentration of Fortune 500 companies, including AT&T, Neiman Marcus, and ExxonMobil. According to 2010 census data, the Dallas-Fort Worth area grew more than any other metropolitan area in the country, adding 1.2 million people to the area.
Built in 1927, this Dallas home for sale is a Tudor, which includes all the details of the period: leaded glass windows, hardwood floors and an arched fireplace. The 3-bedroom, 2-bathroom home has also been extensively updated. The kitchen includes granite countertops and island, stainless steel appliances and a glass tile backsplash. The bathrooms also have marble countertops.
3719 N Newland Ave, Chicago, IL 60634
For sale: $349,999
Square footage: 1,227
Whether it’s the deep-dish pizza, the culture or the city skyline, people have been moving to the Windy City for decades. The third-largest city in the U.S., Chicago is home to the second-largest business district after New York. While many well-established companies have roots in Chicago, the city has also seen growth in startups in the past decade, including Groupon, Orbitz and CareerBuilder.
This Chicago home for sale is located 11 miles outside the downtown district. The 3-bedroom, 3-bath brick home was built in 1993 and features high-end details like a gas fireplace, steam shower, soaking tubs and basement with home theater and bar.
- Real Estate