Newport Beach, California Is The Most Expensive Housing Market, Says Coldwell Banker
Thinking of purchasing a home? Then you might want to look into the report released by the Coldwell Banker Real Estate last Wednesday. The report contained the average home prices for different places in the country.
The Coldwell Banker Home Listing Report released the results of the snapshot survey of the Coldwell Banker database. The report looked into the pricing of the more than 18,000 four-bedroom, two-bathroom home listings in the said database. And then, the average home prices among 296 metro areas were compared.
Looking at the home listings from February to August, the Coldwell Banker Home Listing Report found out that the Raleigh-Durham region is the most expensive housing market within North Carolina. The average home price in the Raleigh-Durham region is at $280,502. The price may already be steep, but this only ranks 167th in the 296 metro areas analyzed by the Coldwell Banker Home Listing Report.
For the rest of the North Carolina area, the numbers are as follows: Asheville at no.158 with an average price of $268,921; Charlotte no.117, $226,840; Fayetteville no. 97, $211,474; Winston-Salem no.92, $207,874; and Greensboro no.90, $204,383.
So which placed number one in the most expensive list? It was Newport Beach, California which took that spot. With an average four-bedroom, two-bathroom home price of $1.8 million, Newport Beach was dubbed as the most expensive housing market in United States.
If you are on the market for a four-bedroom, two-bathroom home but has a tight budget to work with, you might want to head to Detroit. The Coldwell Banker Home Listing Report listed Detroit as the most affordable housing market. The average home price for the said metro area is $68,007.
Looking at the Southeast region, one will find out that Key West, Florida hold the number one spot as the most expensive housing market. The average home price in the area is $643,333.
For the rest of the United States, the average home price in the metro areas hit $353,000.














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