When over 72,000 home listings in over 2,500 Real Estate markets
within the United States are analyzed, what would you guess was the
State that came out with the most expensive properties on average?
Studies show from January through June of 2012 that when comparing
similar properties across the Nation, Massachusetts ranked as the
second most expensive. Completing the Top 10 highest priced areas
for a four-bedroom, two-bathroom home were:
- Hawaii – $742,511
- Massachusetts – $489,063
- California – $431,625
- New Jersey – $421,108
- Connecticut – $411,884
- Colorado – $387,309
- New York – $359,682
- Minnesota – $357,461
- Maryland – $354,465
- Washington – $342,716
For Massachusetts, these numbers are obviously significant. It
shows yet another backing to the fact that our market has been
rebounding at such a triumphant rate. Out of all of the regions
found throughout the Nation, the highest ranked Bay State town was
Weston at rank 14. It was here where examiners determined a typical
four-bedroom, two-bathroom home would set one back roughly $1.1
Million.
The least expensive State across the Country under these same
search parameters came from Nebraska where the average house price
is just $145,360. However, despite this, the cheapest housing
market was not in Nebraska but was in Michigan where in Redford
these same four-bedroom, two-bathroom homes are trading for $60,490
each.
To the most expensive individual markets, of which the
aforementioned Massachusetts town of Weston made the cut as number
14, the top locations were actually not found to be in even the
highest ranked Hawaii but actually in third ranked California. Have
a look below for the Top 5 regions for average prices for a
four-bedroom, two-bathroom home:
- Los Altos, CA – $1,706,688
- Newport Beach, CA – $1,658,000
- Saratoga, CA – $1,582,434
- Menlo Park, CA – $1,506,909
- Palo Alto, CA – $1,495,364
More Information: Boston Herald