Beantown for Bachelorettes
Should Carrie Bradshaw and her gal pals pack their bags and move to Boston? Yes, according to SingleMindedWomen.com, which just released its 2010 list of the top 10 cities for single women. Boston tops the list, followed by Washington DC, New York City, Seattle, Philadelphia, Phoenix, Denver, Pittsburgh, Dallas, and Austin.
In calculating the results, SingleMindedWomen.com took into account factors such as the cost of living, which includes the cost to buy as well as rent property, according to Anne-Marie Nieves, a spokeswoman for the site.
With first-time buyers dominating the real estate scene in 2009 and expected to play a big role in the market in 2010, and with single women accounting for a large proportion of the buying population (21% of all home purchases in 2009, according to the National Association of Realtors), the site's research may tell part of the story of where women choose to purchase in 2010.
Sure, job prospects, leisure amenities, and, of course, the city's demographics for friendship as well as dating all played a role in determining where big cities fell on the list. But at HousingWatch, we're primarily interested in the real estate. According to the most recent quarterly data from the National Association of Realtors, Carrie and crew can buy a single-family home at a median price below $200,000 in Austin ($189,000), Dallas ($150,500), Pittsburgh ($124,600), or Phoenix ($142,700), for less than $250,000 in Denver ($229,100) and Philadelphia ($227,500) and for under $350,000 in Seattle ($321,500), Washington DC ($324,700), or Boston ($348,000). The gals will need to sacrifice some Manolos to buy in Manhattan, where median prices range from $385,000 to $449,000 depending on the neighborhood.
Condo buyers can snap up property for a median price of below $300,000 in most of these cities, with distressed market Phoenix offering the best bargains ($100,200 median price), and Dallas ($131,300), Austin ($154,200) and Philadelphia ($184,500) coming in as close runners-ups.