Coldwell Banker HOME PRICE COMPARISON INDEX FINDS $1.7 MILLION D

Tags:: Coldwell Banker Home Price Comparison Index Hpci Housing Marketing Real Estate Expensive Affordable

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By: MultiVu
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Updated: 04-Dec-09
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Although both are waterfront cities, something besides the salt water separates La Jolla, Calif. on the Pacific Ocean from Sioux City, Iowa on the Missouri River - a $1.7 million dollar difference in the cost of homes studied in the 2008 Coldwell Banker® Home Price Comparison Index (HPCI). In an annual comparison of similar homes in 315 U.S. markets, La Jolla topped the chart as the most expensive real estate market in the nation with a $1,841,667 average home price. Sixteen hundred miles away in America's heartland sits Sioux City, the most affordable real estate market in America, where a similar home would cost $133,459.

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