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Greenwich CT ranked 3rd in country for expensive homes!

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Mortgage and Lending with National Credit Fixers - Matt Listro

Greenwich CT ranked 3rd in country for expensive homes!

In an apple-to-apples comparison of average sales prices for 2,200-square-foot, four-bedroom, two-and-a-half bath homes, Greenwich ranks as the third-most expensive market in the country, with an average price of $1,519,250, according to a recent survey by Coldwell Banker.

The list of the top-10 most expensive markets was dominated by California communities, which made up eight of the top 10 most expensive places to live nationwide. Boston, at seventh place with an average price of $1,337,578, was the only other non-California community to crack the top 10.

The overall national average price for the target home nationwide was $363,401. La Jolla, Calif., was the most expensive market in the country, at $2,125,000, while Grayling, Mich., dubbed "the canoe capital of the world," was the least expensive at $112,675.

Coldwell Banker conducted the recent Home Price Comparison Index study by compiling survey data from Coldwell Banker offices throughout the United States, Puerto Rico and Canada. Companies within the Coldwell Banker system submitted data based on the average sales price of comparable listings through July. The criteria for the HPCI subject home is: single-family dwelling, 2,200 square feet (approximately) four bedrooms, two and one-half baths, family room (or equivalent) and two-car garage in neighborhoods/ZIP codes within a market that is typical for corporate middle-management transferees, according to a statement.

:)
Matt

Toll Free: 888-NCFIXER (623-4937)
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Posted by

Matt

Toll Free: 888-NCFIXER (623-4937)
Toll Free Fax: 888-FAX-4020 (329-4020)
Local: 860-282-6181
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Vernon CT 06066

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Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

Coldwell Banker has been doing that survey for at least nine years that I know, but it is very misleading. They use only their own listings, which is why it says "comparable listings." Such a survey can be grossly misinterpreted. The proper title of the survey should says "Coldwell Banker listings are most expensive in La Jolla, California."

Sep 25, 2009 06:41 PM