How Much Do Homes Cost? (2)

Homes Cost 2In 2003, Coldwell Banker Housing Corporation as opposed the cost of a two,200-square-foot residence with 4 bedrooms, 21/2 bogs, a spouse and children room, and a two-car garage in neighborhoods across the country to come back up while using the next information:

Most costly marketplaces – Town Price

  • La Jolla, Calif. $1,362,375
  • Palo Alto, Calif. $1,179,000
  • Greenwich, Conn. $1,070,600
  • Beverly Hills, Calif. $1,097,250
  • San Francisco, Calif. $971,750
  • New Canaan, Conn. $963,750
  • Wellesley, Mass. $959,048
  • Newport Seaside, Calif. $916,000
  • Kailua Kona, Hawaii 906,250
  • Beach front, Calif. $904,500

Least expensive markets – Town Price                             

  • Binghamton, N.Y. $121,400
  • Killeen, Tex. $127,175
  • Minot, N.D. $129,075
  • Oklahoma Metropolis, Okla. $132,670
  • Topeka, Kans. $136,266
  • Tulsa, Okla. $136,625
  • Aberdeen, S.D. $138,000
  • Billings, Mont. $138,725
  • Sioux Town, Iowa $139,500
  • Parkersburg, W.V. $141,250

Supply: Coldwell Banker Housing Company, 2003 Residence Selling price Consumer Index

The cumulative countrywide average product sales price of all marketplaces surveyed in the Coldwell Banker HPCI was $318,172, a 9% enhance over 2002. The study’s most costly sector was La Jolla, California ($1,362,375), and also the most inexpensive current market was Binghamton, Big apple ($121,400), indicating a price difference of $1,240,975 for the same two, 200-square-foot residence.

Six in the country’s ten most costly markets had been in California, two were being in Connecticut, and just one each and was in Hawaii and Massachusetts. Geography aside, simply how much you purchase a house is dependent around the subsequent things:

  • The particular group or neighborhood you have chosen
  • Size from the property
  • Age (in many years) with the dwelling
  • Amenities the house delivers
  • How keen the home owner would be to transfer out (at times urgency can create a ‘‘fast sale’’ setting, which can be fantastic for you as the consumer)
  • The selling price of ‘‘comparable’’ homes that have bought within the community/ region just lately
  • Any other favorable (or negative) options with the household or encompassing area (such as sinkholes, proximity to your big highway, or other aspects)

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