On September 9, 2008, Coldwell Banker Real Estate Corporation released their 2008 Home Price Comparison Index. The HPCI, which was launched in the 1980’s, provides an apples-to-apples comparison of similar type 2,200 square feet, four bedrooms, two-and-a-half bath homes in 315 markets across the United States.
This year La Jolla, California, topped the chart as the most expensive real estate market with a price for the subject home of $1,187,667. Sixteen hundred miles away Sioux City, Iowa, was the most affordable city in the U.S. with a price of $133,459.
Tulsa reported an average price of $154,200 for the study making it the fifteenth most affordable market in the U.S. Tulsa compares to the average price of homes in Augusta, Maine ($152,947) and Chattanooga, Tennessee ($158,000).
To view the entire Index and calculate what price homes similar to yours may cost in another part of the country, go to www.coldwellbanker.com or Sarah. I will be happy to help!
For more information contact me at slaunchbaugh@cbtulsa.com
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