Think Phoenix prices are nuts? Tiny Boston-area home sells for $315K
Nov 4, 2021, 1:59 PM | Updated: Nov 5, 2021, 10:38 am
Skyrocketing home prices have caused much gnashing of teeth among potential buyers in metro Phoenix, but it could be worse. A lot worse.
Example A: Somebody plunked down $315,000 on a 250-square-foot (you read that right, two-five-oh) house in suburban Boston this week.
That comes out to a whopping $1,260 per square foot.
Even with Phoenix home prices increasing more than 13% in the last year, the median listing price in the market was $254 per square foot in September, according to Realtor.com.
Back to Massachusetts, the seller of the very humble abode in Newton actually had to settle for more than $100,000 under the original asking price.
If the shoebox with plumbing had garnered the $449,900 list price from Sept. 29, it would have eclipsed the September median sales price in Phoenix of $390,000.
The house built on a 2,452-square-foot lot in 1970 was described using words such as “adorable,” “tiny,” “one of a kind” and “truly unique,” but don’t overlook the allure of “easy maintenance yard.”
Several unusual homes in the Boston area’s hot real estate market have sold for high prices in the past several months, including the famous 10-foot-wide Skinny House sold in September for $1.25 million.
A house gutted by fire in Melrose is on the market “as is” for a mere $399,000.
The Associated Press contributed to this report.
