Hojin's SW Orlando Real Estate Scoop

Real Estate News for Dr. Phillips, Windermere, Gotha, Celebration, Winter Garden, Ocoee, Clermont, Metrowest

Hojin's SW Orlando Real Estate Scoop header image 2

Coldwell Banker Index of Most Expensive & Affordable Markets

September 27th, 2007 · No Comments

CB Price Comparison

The 2007 Coldwell Banker Home Price Comparison Index was just released yesterday and Beverly Hill, CA repeats as the most expensive market while Killeen, TX regains the most affordable spot.

8 of the top 10 most expensive markets were located in California and the only other cities that made the top 10 were Greenwich, CT and Boston, MA. Most of the most affordable markets were located near military bases which include: Killeen, TX (Fort Hood), Minot, ND (Minot Air Force Base), Arlington & Fort Worth, TX (Naval Air Station Joint Reserve Base), Wichita, KS (McConnell Air Force Base), Grayling, MI (Camp Gralying).

The west coast of Canada is also the most expensive with Vancouver, British Columbia topping the list.

The most expensive international markets were Dublin, Ireland ($2.13 mil), Milan, Italy ($1.91 mil), Rome, Italy ($1.79 mil), Paris, France ($1.67 mil). The most affordable international market was Bogota, Columbia ($140,100).

TABLE 1

The top 10 most expensive and most affordable surveyed U.S. markets overall in 2007 are:

Rank   Most Expensive   2007 Avg. Sales Price   Most Affordable   2007 Avg. Sales Price
1   Beverly Hills, Calif.   $2,206,883   Killeen, Texas   $136,725
2   Greenwich, Conn.   $2,018,750   Minot, N.D.   $139,033
3   La Jolla, Calif.   $1,800,000   Arlington, Texas   $139,175
4   Santa Monica, Calif.   $1,785,000   Canton, Ohio   $146,333
5   Palo Alto, Calif.   $1,677,000   Muncie, Ind.   $150,000
6   Newport Beach, Calif.   $1,617,500   Topeka, Kan.   $150,075
7   Santa Barbara, Calif.   $1,599,667   Fort Worth, Texas   $151,250
8   San Mateo, Calif.   $1,498,023   Tulsa, Okla.   $153,750
9   San Francisco, Calif.   $1,451,250   Grayling, Mich.   $155,000
10   Boston, Mass.   $1,381,250   Wichita, Kansas   $156,500

 

TABLE 2

Most expensive and most affordable surveyed U.S. markets within each state in 2007:

State   Most Expensive   2007 Avg.

Sales Price

  Most Affordable   2007 Avg.

Sales Price

   
ALASKA   Juneau   $465,000   Anchorage   $340,302    
ALABAMA   Mobile   $232,375   Huntsville   $212,183    
ARIZONA   Scottsdale   $525,667   Mesa   $257,467    
ARKANSAS   Fayetteville   $252,950   Fort Smith   $183,950    
CALIFORNIA   Beverly Hills   $2,206,883   Sacramento   $380,625    
COLORADO   Boulder   $615,000   Colorado Springs   $197,500    
CONNECTICUT   Greenwich   $2,018,750   West Hartford   $365,000    
DELAWARE   Wilmington $414,500 *
FLORIDA   Key West   $929,818   Port Charlotte   $239,100    
GEORGIA   Atlanta   $324,000   Macon   $165,440    
HAWAII   Kihei, Maui   $963,000   Honolulu   $843,750    
IDAHO   Boise   $250,400   Coeur dAlene   $250,370    
ILLINOIS   Chicago   $732,333   Rockford   $199,875    
INDIANA   Munster   $341,667   Muncie   $150,000    
IOWA   Des Moines   $260,275   Sioux City   $184,000    
KANSAS   Lawrence   $232,300   Topeka   $150,075    
KENTUCKY   Louisville   $238,000   Florence   $209,579    
LOUISIANA   New Orleans   $310,875   Shreveport   $225,750    
MAINE   Portland   $354,000   Augusta   $157,400    
MARYLAND   Bethesda   $950,000   Hagerstown   $316,450    
MASSACHUSETTS   Boston   $1,381,250   Worcester   $286,000    
MICHIGAN   Ann Arbor   $303,750   Grayling   $155,000    
MINNESOTA   Edina   $434,975   Rochester   $211,329    
MISSISSIPPI   Jackson   $244,000   Tupelo   $179,125    
MISSOURI   Kansas City   $238,875   Springfield   $189,650    
MONTANA   Bozeman   $341,212   Billings   $168,542    
NEBRASKA   Norfolk   $212,250   North Platte   $195,762    
NEVADA   Reno   $384,500   Las Vegas   $362,188    
NEW HAMPSHIRE   Hanover   $496,000   Portsmouth   $283,000    
NEW JERSEY   Ridgewood   $1,006,250   Cherry Hill   $287,167    
NEW MEXICO   Santa Fe   $640,062   Albuquerque   $317,319    
NEW YORK   Katonah   $904,750   Binghamton   $193,382    
NORTH CAROLINA   Wilmington   $339,082   Greensboro   $182,178    
NORTH DAKOTA   Fargo   $217,890   Minot   $139,033    
OHIO   Cincinnati   $250,530   Canton   $146,333    
OKLAHOMA   Oklahoma City   $193,750   Tulsa   $153,750    
OREGON   Medford   $433,250   Salem   $311,567    
PENNSYLVANIA   Philadelphia   $515,225   Erie   $205,475    
RHODE ISLAND   Providence $483,333 *
SOUTH CAROLINA   Charleston   $389,750   Columbia   $198,967    
SOUTH DAKOTA   Rapid City $197,600 *
TENNESSEE   Nashville   $238,333   Memphis   $191,936    
TEXAS   Dallas   $302,198   Killeen   $136,725    
UTAH   Salt Lake City   $408,125   Provo   $363,975    
VERMONT   Burlington   $373,475   Rutland   $291,718    
VIRGINIA   Alexandria   $771,500   Lynchburg   $275,269    
WASHINGTON   Bellevue   $763,667   Tri-Cities   $228,988    
WEST VIRGINIA   Charleston   $176,625   Parkersburg   $164,333    
WISCONSIN   Milwaukee   $324,750   Eau Claire   $158,650    
WYOMING   Cheyenne $225,956

 

The 2007 average price in the District of Columbia:

DISTRICT OF COLUMBIA   $808,500 *

The 2007 average price in the Commonwealth of Puerto Rico:

PUERTO RICO   San Juan suburbs $357,500 *

 

TABLE 3

All surveyed international markets3; conversions through September 7, 2007:

Country

 

Market

  2007 Avg. Sales Price in U.S. $*   2007 Average Sales Price in Local Currency*
ARUBA   Aruba   $236,250   418.163 AWG
AUSTRALIA   Brisbane   $657,464   742,750 AUD
  Sydney   $874,553   998,000 AUD
  Perth   $750,850   848,250 AUD
BAHRAIN   Manama-Muharraq   $230,500   86,500 BD
BELIZE   San Pedro   $697,500   1,395,000 BZD
CHINA   Beijing   $709,687   5,372,121 CNY
  Hangzhou   $870,996   6,604,235 CNY
  Shanghai   $774,799   5,865,000 CNY
  Suzhou   $241,275   1,825,000 CNY
COLOMBIA   Bogotá   $140,100   281,600,000 COP
COSTA RICA   San Jose   $389,900   206,545,626 CRC
EGYPT   Cairo   $328,719   1,900,000 EGP
  Sharm El Sheikh   $144,896   837,500 EGP
FRANCE   Lyon   $650,485   468,656 EUR
  Marseilles   $547,039   394,126 EUR
  Nice   $563,080   405,683 EUR
  Paris   $1,677,878   1,208,863 EUR
HONDURAS   Tegucigalpa   $377,500   7,182,881 HNL
IRELAND   Cork County   $1,630,061   1,187,500 EUR
  Dublin   $2,133,891   1,562,500 EUR
  Galway County   $1,124,987   823,750 EUR
  Limerick County   $1,091,283   795,000 EUR
ITALY   Milan   $1,917,195   1.441.500 EUR
  Florence   $1,352,167   1.016.667 EUR
  Rome   $1,793,838   1.348.750 EUR
JAMAICA   St. Andrew   $273,061   18,431,625 JMD
JAPAN   Tokyo   $780,346   90,059,560 JPY
MALTA   Attard   $274,200   84,952 MTL
  Marsascala   $294,250   91,164 MTL
 

St. Julians

  $255,500   79,159 MTL
MEXICO   Guadalajara   $246,522   2,746,810 MXN
  Mexico City   $277,213   3,088,777 MXN
  Monterrey   $274,043   3,053,456 MXN
NETHERLANDS   Amsterdam   $537,148   387,000 EUR
NICARAGUA   Granada   $190,000   3,616,080 NIO
PANAMA   Panama City   $201,333   204,655 PAB
POLAND   Cracow   $368,527   1,028,750 PLN
  Gdansk   $283,792   792,500 PLN
  Warsaw   $479,000   1,337,500 PLN
PORTUGAL   Algarve   $383,878   278,750 EUR
  Cascais   $526,758   382,500 EUR
  Lisbon   $1,053,584   765,000 EUR
ROMANIA   Bucharest   $607,200   1,372,000 RON
SINGAPORE   Singapore   $1,039,545   1,572,000 SGD
SPAIN   Madrid   $1,135,351   829.798 EUR
  Seville   $906,009   662.094 EUR
  Valencia   $774,613   566.073 EUR
ST. CROIX   Christiansted   $702,500   US$702,500
TURKEY   Istanbul   $417,760   543088 TRY
UNITED ARAB EMIRATES   Dubai   $1,127,459   4,126,500AED
             

* Conversions done on oanda.com as of September 7, 2007; All currencies listed are local to each country/territory

Tags: Market Statistics