Coldwell Banker Real Estate LLC released its Home Listing Report (HLR) in June, a snapshot survey of listing prices for four-bedroom, two-bathroom homes in more than 2,300 North American markets.
The survey found Newport Beach as the country’s most expensive market, where the average four-bedroom, two-bathroom home has a listing price of $2,537,126. Niagara Falls, N.Y. at $61,000 came in as the most affordable market.
The Sacramento region’s most affordable market was Rancho Cordova, where a four-bedroom, two-bathroom home had a listing price of $202,492. That was followed by Citrus Heights at $204,061, Sacramento at $241,787, Elk Grove at $243,322 and Roseville at $298,472. Davis came in as the 172nd most expensive market in the country at $555,742, followed by Folsom at $401,329.
The Coldwell Banker HLR provides the average home listing price of four-bedroom, two-bathroom properties on coldwellbanker.com that were listed between September 2010 and March 2011 from more than 2,300 North American markets.
Markets included in the U.S. report were required to have at least 10 properties fitting the above criteria within the relevant timeframe.
“This year’s home listing report is by far the most in-depth local market source of data that Coldwell Banker has ever released,” said Kris Vogt, president of Coldwell Banker Residential Brokerage. “We’ve included nearly 10 times more markets than ever before, which gives us unmatched real estate insight into thousands of North American cities.”
An interactive graphic summarizing the full results of the Home Listing Report is available at www.coldwellbanker.com.
~ Staff report
