Coldwell Banker Releases its Home Listing Report

This year’s report analyzed more than 81,000 similar-sized homes and found that half of the top 100 most expensive housing markets in the country were in California, including nine of the top 10.

Each year the real estate brokerage firm surveys list prices on that home type, popular with growing families, and offers comparisons across different areas.

Dan Johnson, a managing broker for Coldwell Banker’s Boulder office, said the city lacks land to accommodate new larger single-family homes and planners have emphasized denser, multi-family development.

The real estate company released Tuesday its annual Home Listing Report, which compares the average prices of four-bedroom, two-bathroom homes in 2,700 markets nationwide.

Coldwell Banker Real Estate, in its 2015 Home Listing Report, has named the most expensive and most affordable housing markets in the USA, with the most expensive in California and the most affordable largely in the Midwest. Budge also pointed out that 45% of the most affordable markets on the list were in Midwestern states.

So which (un)lucky city is the most expensive to buy a home?

Homes in Los Gatos, Cupertino, Saratoga and Palo Alto averaged well north of $1.5 million.

Even though California accounts for half of the top 100 most expensive markets, it is only ranked the third most expensive state in the country.

Ed Dolinsky, President of Coldwell Banker Hunter Realty in Cleveland, says, “Cleveland’s community, revitalized downtown and renewed sense of pride have contributed to the rapid growth in this market”.

At the other extreme is Pueblo, where four-bedroom homes on the market were averaging $151,708 and Monte Vista where they go for $177,947. It only used data that came from houses listed with Coldwell Banker, and markets that had fewer than 10 four-bedroom, two-bathroom listings with Coldwell Banker between December 2014 and June 2015 were excluded from the ranking.