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Coldwell Banker lists most expensive, affordable real estate markets in the US
The lowest average price is in Craig at $184,833.
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That’s a big gap, but not anywhere as wide as Silicon Valley versus Detroit.
According to the report, which is the most extensive home price comparison tool in the US, the average four-bedroom, two-bathroom home costs $2,453,718 in this year’s most expensive market, Saratoga, California. The Coldwell Banker list, which it touts as the most extensive home price comparison tool available, only looks at four-bedroom, two-bathroom homes, and only includes markets that have at least 10 of those homes on the market between January 2016 and June 2016. That home type is popular with families and found in about every market.
Honolulu was the 14th most expensive market in the nation, with an average listing price of about $1.2 million. Prices aren’t falling in Boulder. The ranking price is for four-bedroom, two-bathroom homes. Speakers included Ryan Herd, CEO of 1 Sound Choice, Smart Home Automation Experts; construction industry expert Leslie Shiner; David Siroty, vice president of North American Communications for Coldwell Banker Real Estate LLC; and Matt Case, director of leadership development for Coldwell Banker Real Estate LLC.
Herz said the empty-nesters who bought those family homes decades ago in the popular city may want to move into something smaller, but struggle to find alternatives close in.
Colorado Springs, Grand Junction and Greeley offer the most affordable family home prices in Colorado after Craig, with the amenities of a decent-sized city.
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But that isn’t always the case. Number one is Detroit, where you can buy a four-bedroom home for $64,110. For the third time in five years, the technology capital of the world ranked as the most expensive place to live in the United States in the Coldwell Banker Real Estate Home Listing Report (HLR).