LAKELAND, FL – 29 Aug, 2016 – The average price of a single family home in Washington State’s Semiahmoo Peninsula is $1.6 million.
The cheapest option for a 1300-square-foot townhouse there is $399,000; and a condo will set you back more than $350,000.
What’s a prospective home owner looking for a more frugal but still appealing option to do if they want to live in one of the hottest real estate markets in the nation?
For one lucky homeowner, the answer was a cozy manufactured home with all the comforts: stainless steel appliances, open floor plan, and pool access – all within a few minutes of the beach.
The price tag: $59,000.
Needless to say, it didn’t last long in this super-heated market, where high prices, low inventories and bidding wars are the new normal.
Local real estate agent Bianca Myddleton lends some perspective: “If you were to rent a condo at this size, you’d probably be looking at $1,400 a month.”
All around the nation, new hot markets are springing up in urban and rural pockets, where savvy home shoppers are learning to navigate the pricey landscape by considering an alternative that many people have overlooked: manufactured homes.
Many people are not familiar with the new breed of manufactured homes on the market today. But those who have discovered what they have to offer – federally regulated, energy-savers that are well built, can range from shade-and-shelter models to homes boasting upscale features, and priced at a fraction of their site-built counterparts – are snapping them up.
Learn more about The Key to Finding Great Value in Hot Real Estate Markets in MHLivingNews.com’s latest report on the evolution of the industry and take a video tour inside modern manufactured homes and the factories where they are built.
The savvy house hunter in Washington State offers a strategic lesson for everyone seeking homeownership, whether their real estate market is hot or not: Manufactured homes are a wise alternative worth a close look.
Read the report, linked here.
MHLivingNews.com and MHProNews.com are the leading trade publications for manufactured home consumers and MH industry leaders, investors and public policy professionals who want up-to-date lifestyle and business news.
L. A. “Tony” Kovach
Publisher – MHLivingNews.com
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Company Name: MHLivingNews.com
Contact Person: L.A. \”Tony\” Kovach
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