If you're planning on moving to Minneapolis, Minnesota, you might be wondering just how far your dollar is going to stretch in its real estate market. This can be difficult to figure out, since real estate values are continually changing, and are often compounded by the fact that you have to deal with two real estate markets, the one your current Scarborough condo belongs to and the new one in Minneapolis. While we can't list values for every city on the continent, we can give you some idea of how Minneapolis stacks up against other cities.
Minneapolis and Surrounding Area
Before we get into the prices you'll find in the Mississauga listings or in a real estate catalogue in Texas, you'll need to know the average values for Minneapolis. The values listed in this article are accurate to mid January of 2010. The median (or middle value) price for a house or a condo in Minneapolis is about $157,000, meanwhile the average price asked for a house in the state of Minnesota is only $122,000 and the national average is $119,000.
Eastern USA
The Eastern part of the United States ranges all the way from Maine to Florida all the way down the Atlantic Coast. A few cities, such as New York City and Tampa, have higher real estate market values than Minnesota because they're located in a high demand area. New York, for example, has an average of $900,000 and Tampa has an average of about $322,000 for waterfront real estate listings. Other cities aren't doing as well. Baltimore, Maryland is down to $150,000 and Augusta, Georgia is only $91,000.
Central USA
Many cities in the central United States suffered a lot from the recession and the loss of the manufacturing industry in the 1980s and 1990s, and homes there are worth significantly less than in Minneapolis. The average price is Detroit is only $60,000 while Nashville is at $148,000. There some cities where houses are booming like Lawrence Park homes for sale though. Scottsdale, Arizona is at $293,000 and Boulder, Colorado is nearly $400,000.
Western USA
The Western part of the country was hit hardest by the sub prime mortgage crisis but it's also one of the most popular places to live. Properties in Portland, Oregon are going for an average of $247,000 while similar properties in Modesto, California are only $120,000.
Canada
It can be difficult to compare American and Canadian real estate prices because the difference in the dollar fluctuates, so we'll give you the facts in American. A Riverdale, Toronto house for sale in Toronto often goes for over a million Canadian, but the city average for Toronto is $302,000 US. The only city you can expect to be higher than that is Vancouver, BC.
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