NEW YORK, Sept. 22 /PRNewswire/ -- How much would your home cost in La
Jolla, CA, or Killeen, TX, or 319 other markets in the United States? The
Coldwell Banker Home Price Comparison Index (HPCI) answers that question with
its interactive guide to the national housing market, revealing the most
affordable -- and most expensive -- real estate in the country.
The HPCI compared the cost of a 2,200 square foot, four bedroom home with
two and a half baths, a family room (or equivalent) and two-car garage in 319
different markets in the United States. La Jolla, California topped the HPCI
as the most expensive housing market, averaging just under 1.9 million
dollars. The most affordable market is Killeen, Texas, where a similar 2,200
square foot home costs $131,000.
The Coldwell Banker HPCI found that the average home price in the surveyed
markets rose to $401,767, up 13.3 percent from a year ago. However, the HPCI
also found that in 52 percent of the markets studied, the average price of
this type of home was under $300,000. So, there is plenty of very affordable
real estate in the U.S.
Some Interesting Points Include:
* La Jolla, California is the most expensive market for the third year in
a row ($1,875,000.)
* Nine of the ten most expensive markets are in California. The remaining
market is Greenwich, CT.
* In the communities just outside Hurricane Katrina-impacted areas, there
is already a rapid price appreciation because of the imbalance in supply
and demand
To see the complete HPCI results, please visit
http://www.coldwellbanker.com.
VIDEO PROVIDED BY: Coldwell Banker
SOURCE Coldwell Banker
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