MOST AFFORDABLE!

Coldwell Banker Real Estate Corporation recently released its 2007 Home Price Comparison Index (HPCI). Published annually for many years, the HPCI compares the sales prices of a typical 2200 square foot, 4 bedroom, 2 ½ bath home in 394 markets in the U.S., Puerto Rico, Canada and selected international cities.
This year’s study found Tulsa to be the eighth most affordable housing market in the country with an average sales price for the subject home of $153,750. The most expensive market in the U.S. is Beverly Hills, CA with a price of $2.21 million dollars, more than $2 million higher than the most affordable market price of $136,750 for the subject home in Killeen, TX. The cumulative average price for the 317 U.S. markets including Puerto Rico for the 4 bedroom, 2 ½ bath, 2200 square foot subject home is $422,343. Cities which had a sales price similar to Tulsa include Topeka, KS ($150,075), Fort Worth, TX ($151,250) and Wichita, KS ($156,500). Notably, Oklahoma City now has an average price for the subject home of $193,750.

If you would like to see the complete Coldwell Banker Home Price Comparison Index for 2007, you can go to http://www.coldwellbanker.com/ or contact me, and I will get you a copy. It is interesting to compare housing costs across the country. I think you will find the information useful and enjoyable!

For more information contact me at slaunchbaugh@cbtulsa.com