The 5 Priciest, Cheapest Places for Home Buyers

Malibu ranks as the priciest housing market in the country. The average list price in Malibu for a four-bedroom, two-bathroom home is $2.5 million, according to Coldwell Banker’s annual report of more than 1,900 markets. 

Of the top 25 spots of most expensive housing markets, California holds 13 of those spots. 

“If you look at the overall history of the index, California has always been the most expensive state overall,” says Budge Huskey, president and chief executive of Coldwell Banker. “Anytime you move into a coastal market you’ll find there’s going to be higher prices.”

The following are the top five most expensive housing markets (including the average list price for a four-bedroom, two-bathroom home), according to Coldwell Banker: 

  • Malibu: $2.5 million
  • Newport Beach, Calif.: $1.8 million
  • Saratoga, N.Y: $1.7 million
  • Los Gatos, Calif.: $1.36 million
  • San Francisco: $1.3 million

Meanwhile, home shoppers looking for a deal may need to head to the Midwest, which boasted 15 of the 25 most affordable housing markets. 

The following were the least expensive housing markets, according to Coldwell Banker: 

  • Cleveland: $63,729
  • Garfield Heights, Ohio: $66,075
  • Flint, Mich.: $84,437
  • Saginaw, Mich.: $87,000
  • Jackson, Miss.: $94,000

Source: “For expensive housing, you can't beat California,” USA Today (Nov. 6, 2013) and “5 Most Expensive and Most Affordable Housing Markets,” FOX Business (Nov. 6, 2013)

About Ady Simion (Realtor and Public Notary)

Ady Simion was named in the Top 1% of all agents for NRT LLC a subsidiary of Realogy that operates a variety of real estate offices under brands such as Coldwell Banker, Sotheby's International Realty, Century 21, The Corcoran Group, and the technology-based brokerages ZipRealty and Climb Real Estate. NRT has 787 offices and 47,000 sales associates. Selling and buying property can be very stressful but with the right agent it can be profitable and a fun experience. Ady is also a Notary Public and being a people person he wants to help negotiate for his clients making their transactions as smooth as possible. Ady’s goals are simple: He wants to be the best source of information on the Los Angeles area Real Estate market, as he assists clients through each transaction with care and professionalism. He is proud of his large referral base of clients who have placed their trust in him over the years. Why him, when there are so many good people out there?!?! • Sellers will have their property exposed to the largest team of sales professionals in the world by far. Coldwell Banker Agents sale more homes than anyone else. • Buyers will have the opportunity to view more properties exclusively. • And most importantly when you hire him you get a whole team working for you not just “only one person”. Ady Simion started his Professional Career as an Insurance Agent, and then mastered the Mortgage Industry focusing on helping buyers and sellers achieve their life dreams. He now is an Agent with the Largest Residential Real Estate Company in the nation and the world, Coldwell Banker, at the Pasadena office which is the leader in the areas in which he specializes. After finishing College Ady has consistently been a Top Producer in every office/business he worked at. He speaks English, Romanian and Spanish. Real Estate is constantly changing and working with an agent that has been involved in the Real Estate buying/selling process most of his life is always beneficial for clients. Call, text or e-mail him or just stop by to say Hi and ask any real estate questions you may have.

Posted on November 8, 2013, in Uncategorized. Bookmark the permalink. Leave a comment.

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