Friday, December 5, 2014

Coldwell Banker Real Estate Home Listing Report Finds Henderson the Most Affordable and Chapel Hill the Most Expensive Markets in NC


COLDWELL BANKER REAL ESTATE HOME LISTING REPORT FINDS HENDERSON THE MOST AFFORDABLE AND CHAPEL HILL THE MOST EXPENSIVE MARKETS IN NC

(Winston-Salem, NC – December 4, 2014) Coldwell Banker Real Estate LLC recently  released its 2014 Home Listing Report, which named Los Altos, Calif. as the most expensive market in the U.S. for the second time in 3 years. The average four-bedroom, two-bathroom home in the Silicon Valley market costs $1,963,100. This is six times the average in this report, $295,317, and 30 times the cost of a home in the country’s most affordable market, Cleveland, OH, which listed at $64,993.
The annual report is the most extensive home price comparison tool currently available in the United States, ranking the average listing price of four-bedroom, two-bathroom homes in nearly 2,000 markets. While other affordability reports provide average or median prices for all homes in a given area, the Coldwell Banker Home Listing Report analyzes more than 51,000 similar listings to better address how much a home in one market would cost if the same home were located somewhere else in the country.
   
The survey reviewed 69 real estate markets in North Carolina and found:
·         Henderson is the most affordable market in NC, where a four-bedroom, two-bathroom home costs an average of $144,113.
·         Chapel Hill was ranked as the most expensive where the same sized property costs an average of $401,765.
·         The average price for a four-bedroom, two bathroom home in NC is $228,430 compared to the national average of $295,317.

The Home Listings Report also provides data for each individual state in the country; full data for NC is available at hlr.coldwellbanker.com. The report covers many of the markets in the Triad: from the lowest to the highest average price - Winston-Salem ranked 44th in the state at $204,081; Kernersville was 37th at $209,921; High Point ranked 34th at $214,813; Greensboro was 29th at $222,657; and Clemmons ranked 8th at $279,310.


To be included in the report, markets were required to have a minimum of 10 four-bedroom, two-bathroom home listings between January and June 2014. Markets not included in this year’s ranking did not meet this requirement.

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