Friday, November 15, 2013

Coldwell Banker Real Estate Releases 2013 Home Listing Report

Home Listing Report Finds Malibu Most Expensive Market in United States, 
Cleveland Most Affordable

Henderson is North Carolina’s Most Affordable Market
 Ocean Isle Beach Tops the State’s Most Expensive List

The glitz, glamour and white sandy beaches of Malibu, Calif., have attracted the rich and famous to this premier destination for years. Coldwell Banker Real Estate released its 2013 Home Listing Report (HLR), which ranked Malibu as the most expensive place to live in the United States. According to the annual report, an apples-to-apples comparison of four-bedroom, two-bathroom homes in more than 1,900 real estate markets across the United States, a sample-sized home in the affluent beach community of Malibu lists for $2.15 million, compared to $63,729 in Cleveland, Ohio.

California and Ohio must be proud! So how does North Carolina shake out?

The survey reviewed 68 real estate markets in North Carolina and found:
·         Lumberton topped the list as the most affordable market in North Carolina, where a four-bedroom, two-bathroom home costs an average of $133,039.

·         Ocean Isle Beach was ranked as the most expensive market where the same-sized property costs an average of $415,530.

·         The average price for a four-bedroom, two-bathroom home in NC is $230,819, compared to the national average of $301,414.

Where does the Triad stack up?

From lowest to highest average price: High Point ranked 13th in the state at $180,950; Greensboro was 16th at $184,560; Winston-Salem was 25th at $193,088; Kernersville ranked 32nd at $204,112; and Clemmons came in 50th at $260,217. See all Triad homes for sale.

To learn more about the markets ranked in NC visit http://hlr.coldwellbanker.com/SurveyStateList.html.

by Wanda Pedersen, Marketing Director, Coldwell Banker Triad, Realtors

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