The Home Listing Report (HLR) serves as a “snapshot” of local real estate markets across the country. It provides the average listing prices for four-bedroom, two-bathroom homes in more than 2,300 North American markets that appeared on coldwellbanker.com between September 2010 and March 2011. The infographic below allows you the ability to compare home values in more than 2,300 real estate markets.
“REAL ESTATE IS LOCAL!” said Jim Gillespie, CEO of Coldwell Banker. “So when Coldwell Banker issued our annual Home Listing Report (HLR), we kept that in mind.”
Newport Beach, Ca topped this list as most expensive, with a four-bedroom, 2-bath listing for $2.5 Million, while Niagara Falls, New York came in as most affordable, with a listing price of $61,000. For most people, $2.5 million is out of the price range, but 1,545 markets had average listing prices of less than $300,000 for a four-bedroom, two-bath home.
“At the end of the day, the housing market is about buying a particular house, on a particular street, in a particular neighborhood. It’s hyper-local, and I’m so proud that our trusted agents can help buyers going through this process understand what’s going on in any given market,” Gillespie said.
The full report, complete with market rankings and an automated formula to find out comparable prices for your home in other U.S. and Canadian markets, is available on http://hlr.coldwellbanker.com.