Screenshot of most expensive (in red) and least expensive (in yellow) states according to Coldwell Banker’s Home Listing Report. Click on image for interactive map with local market data.
Six out of the 10 most expensive housing markets in the U.S. are in California, according to an annual report from Coldwell Banker Real Estate released today.
The Home Listing Report examined average listing prices for four-bedroom, two-bathroom homes in more than 2,300 markets in the U.S. and Canada between September 2010 and March 2011. The data includes listings from Coldwell Banker affiliates and other
Realogy franchise brands on coldwellbanker.com. U.S. markets had to have at least 10 properties fitting these criteria to be included; Canada markets had to have at least five.
Among the most expensive U.S. markets, Newport Beach, Calif. topped the list for the second straight year with an average listing price of $2.54 million, nearly $1 million more than the second most expensive market on the list, Pacific Palisades, Calif.,
a district of Los Angeles about 50 miles to the north.
10 most expensive U.S. markets:
| Market | State | Average listing price (Sep. 2010 – March 2011) |
|---|---|---|
| NEWPORT BEACH | CA | $2,537,126 |
| PACIFIC PALISADES | CA | $1,606,992 |
| STONE HARBOR | NJ | $1,344,908 |
| RANCHO PALOS VERDES | CA | $1,312,538 |
| SARATOGA | CA | $1,281,889 |
| LOS GATOS | CA | $1,261,176 |
| WESTON | MA | $1,228,100 |
| GREENWICH | CT | $1,154,293 |
| MERCER ISLAND | WA | $1,143,521 |
| CUPERTINO | CA | $1,140,656 |
Source: Coldwell Banker
The least expensive U.S. market on the list was Niagara Falls, N.Y. with an average listing price of $60,820. That’s a difference of nearly $2.5 million from the most expensive U.S. market. By comparison, the difference between the most and least expensive
markets in Canada was $1.4 million: Vancouver, British Columbia ($1.55 million) and Windsor, Ontario ($144,460), respectively.
Georgia accounted for three out of the 10 least expensive markets in the U.S. All three (Riverdale, College Park and Lithonia) are within a 20-mile commute to Atlanta, which has an average listing price of $255,448, the report said.
10 least expensive U.S. markets:
| Market | State | Average listing price (Sep. 2010 – March 2011) |
|---|---|---|
| NIAGARA FALLS | NY | $60,820 |
| RIVERDALE | GA | $61,618 |
| COOLIDGE | AZ | $69,083 |
| COLLEGE PARK | GA | $72,477 |
| DETROIT | MI | $73,363 |
| HASTINGS | FL | $74,910 |
| CLEVELAND | OH | $76,042 |
| LITHONIA | GA | $77,385 |
| TROTWOOD | OH | $77,445 |
| SIOUX CITY | IA | $80,152 |
Source: Coldwell Banker
California saw the biggest disparity in prices between its most and least expensive markets: Newport Beach ($2.54 million) in Orange County and Rosamond ($108,263) in Kern County, respectively.
Nebraska had the most parity between its most and least expensive markets: Kearney ($163,300) in Buffalo County and North Platte ($140,440) in Lincoln County, respectively.
|
State
|
Most Expensive
|
Avg. Listing Price for Sep. 2010 – March 2011
In U.S. $
|
Least Expensive
|
Avg. Listing Price for Sep. 2010 – March 2011
In U.S. $
|
|---|---|---|---|---|
|
ALABAMA
|
Fairhope
|
$272,966
|
Albertville
|
$114,900
|
|
ALASKA
|
Anchorage
|
$321,973
|
North Pole
|
$262,455
|
|
ARIZONA
|
Scottsdale
|
$455,964
|
Coolidge
|
$69,083
|
|
ARKANSAS
|
Maumelle
|
$255,868
|
Clarksville
|
$135,233
|
|
CALIFORNIA
|
Newport Beach.
|
$2,537,126
|
Rosamond
|
$108,263
|
|
COLORADO
|
Evergreen
|
$922,183
|
Pueblo
|
$141,160
|
|
CONNECTICUT
|
Greenwich
|
$1,154,293
|
New Britain
|
$165,310
|
|
DELAWARE
|
Bethany Beach
|
$865,765
|
Laurel
|
$204,420
|
|
FLORIDA
|
Palmetto Bay
|
$449.353
|
Hastings
|
$74,910
|
|
GEORGIA
|
Dunwoody
|
$379,866
|
Riverdale
|
$61,618
|
|
HAWAII
|
Honolulu
|
$797,675
|
Waianae
|
$319,633
|
|
IDAHO
|
Bonners Ferry
|
$331,025
|
Caldwell
|
$129,411
|
|
ILLINOIS
|
Lake Forest
|
$753,543
|
Kankakee
|
$82,621
|
|
INDIANA
|
Syracuse
|
$502,791
|
New Castle
|
$96,736
|
|
IOWA
|
Iowa City
|
$247,364
|
Sioux City
|
$80,152
|
|
KANSAS
|
Overland Park
|
$223,287
|
Parsons
|
$111,075
|
|
KENTUCKY
|
La Grange
|
$269,398
|
Somerset
|
$151,015
|
|
LOUISIANA
|
Pineville
|
$376,242
|
Bastrop
|
$132,636
|
|
MAINE
|
Hermon
|
$297,252
|
Waterville
|
$144,538
|
|
MARYLAND
|
Annapolis
|
$688,232
|
Cumberland
|
$160,497
|
|
MASSACHUSETTS
|
Weston
|
$1,228,100
|
Springfield
|
$133,404
|
|
MICHIGAN
|
Birmingham
|
$418,473
|
Detroit
|
$73,363
|
|
MINNESOTA
|
Red Wing
|
$348,493
|
Owatonna
|
$146,652
|
|
MISSISSIPPI
|
Diamondhead
|
$248,110
|
Jackson
|
$117,330
|
|
MISSOURI
|
University City
|
$417,725
|
Kirksville
|
$125,010
|
|
MONTANA
|
Bozeman
|
$486,538
|
Billings
|
$180,161
|
|
NEBRASKA
|
Kearney
|
$163,300
|
North Platte
|
$140,440
|
|
NEVADA
|
Incline Village
|
$716,608
|
Sun Valley
|
$115,767
|
|
NEW HAMPSHIRE
|
Hanover
|
$669,742
|
Claremont
|
$234,318
|
|
NEW JERSEY
|
Stone Harbor
|
$1,344,908
|
Newark
|
$170,427
|
|
NEW MEXICO
|
Corrales
|
$649,861
|
Aztec
|
$178,850
|
|
NEW YORK
|
Ossining
|
$919,986
|
Niagara Falls
|
$60,820
|
|
NORTH CAROLINA
|
Ocean Isle Beach
|
$679,375
|
Henderson
|
$121,117
|
|
NORTH DAKOTA
|
Minot
|
$192,287
|
Fargo
|
$167,506
|
|
OHIO
|
Upper Arlington
|
$390,236
|
Cleveland
|
$76,042
|
|
OKLAHOMA
|
Skiatook
|
$241,138
|
Chickasha
|
$134,714
|
|
OREGON
|
Lake Oswego
|
$524,100
|
Woodburn
|
$198,812
|
|
PENNSYLVANIA
|
Newtown
|
$623,078
|
Penn Hills
|
$99,776
|
|
RHODE ISLAND
|
East Greenwich
|
$550,600
|
Providence
|
$204,820
|
|
SOUTH CAROLINA
|
North Myrtle Beach
|
$399,094
|
Darlington
|
$95,120
|
|
SOUTH DAKOTA
|
Custer
|
$228,091
|
Box Elder
|
$179,472
|
|
TENNESSEE
|
Brentwood
|
$379,208
|
Chattanooga
|
$121,969
|
|
TEXAS
|
Colleyville
|
$350,710
|
Lancaster
|
$100,246
|
|
UTAH
|
Salt Lake City
|
$397,630
|
Logan
|
$149,532
|
|
VERMONT
|
Burlington
|
$444,428
|
Rutland
|
$184,689
|
|
VIRGINIA
|
Alexandria
|
$635,365
|
Lynchburg
|
$171,243
|
|
WASHINGTON
|
Mercer Island
|
$1,143,521
|
Spokane
|
$189,551
|
|
WEST VIRGINIA
|
Martinsburg
|
$266,138
|
Bluefield
|
$131,160
|
|
WISCONSIN
|
Shorewood
|
$436,321
|
Berlin
|
$85,391
|
|
WYOMING
|
Sheridan
|
$293,193
|
Rock Springs
|
$183,867
|
Source: Coldwell Banker
