Monday, October 5, 2015

San Jose, CA (Champ) vs. Redmond, WA (Challenger) - Who Wins in Housing?

(Click on either image to enlarge)

Answer - Redmond, WA (bottom table/graphic)

Statistically speaking, the median house in Redmond, WA costs $673,000, as compared to $808,000 in San Jose, CA.

Also, ASP/SF* for Redmond is $276, offering significantly better purchasing power than its counterpart at whopping $512 (other factors remaining equal). Moreover, comparable Redmond homes are much younger (22 vs. 48).

ASP/SF* = Median (Time) Adjusted Sale Price / Median Bldg Area. 

Note - the spatial charts below the tables depict the percentile distribution of County Market Value to Adjusted Sale Price (a.k.a. Sales Ratio).

This analysis is extracted from Homequant's Town Analyst site. Try out your Town/Neighborhood. Also, find out if your Town is fairly assessed. 

It is absolutely free and requires no registration whatsoever...

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