Friday, March 07, 2008

$100K More to live at the North Pole instead of Myrtle Beach

CNN Money had an article that showed Coldwell Banker's annual Home Price Comparison Index, which compared selling prices of similar homes in similar neighborhoods of different states and markets.

It was an interesting comparison to see, and very surprising to find some areas (such as Alaska - ACK!) that were incredibly expensive, while considered almost undesirable. Here's a sampling of the areas and prices they gave. I was also rather surprised to find that Myrtle Beach real estate was definitely in the low to middle range of pricing, and in fact, quite a bit lower than Charleston.
We are way lower than most of Florida, and I think condos for sale in Myrtle Beach as versus Miami would bear that out. But ALASKA????????? Come on!

Other surprises include Fairfield, CT, Boston, and Maryland. Wow. It really costs alot to freeze to death! Makes me very happy to be right where I am.

The criteria was a 2200 sq ft house with 4 bedrooms, 2.5 baths, a family room, and 2-car garage. The neighborhood is described as "typical for corporate middle-management transferees".


City-----------------Avg Price of homeHuntsville, AL................$194,466

Juneau, AK ................$443,000

Little Rock, AR..... ........$181,395

Tucson, AZ ...................$250,833
Phoenix, AZ ..................$295,334
Scottsdale, AZ ..............$478,833

San Diego, CA .............$627,938
San Fransisco, CA ..$1,300,000
Beverly Hills, CA ......$1,656,500

Colorado Springs, CO ..$211,667
Denver, CO ....................$336,433

Torrington, CT ..............$233,331
Fairfield, CT ...................$737,738

Washington, DC .............$727,250

Pensacola, FL ...............$222,258
Orlando, FL .....................$312,000
Daytona Beach, FL ........$349,650
Sarasota, FL ...................$387,375
Boca Raton, FL ...............$521,412
Key West, FL .................$949,375

Macon, GA .......................$167,850
Atlanta, GA .......................$303,000

Honolulu, HI .......................$737,625
Des Moines, IA .................$247,000

Boise, ID ...........................$213,808

Springfield, IL .................$205,950
Naperville, IL .....................$346,250
Chicago, IL ......................$815,000

South Bend, IN ..................$173,600
Munster, IN .........................$329,300

Wichita, KS ........................$151,275
Lawrence, KS ....................$237,237

Louisville, KY .....................$243,634

Shreveport, LA ..................$210,250

Springfield, MA .................$389,283
Boston, MA ....................$1,260,000

Hagerstown, MD ............$283,175
Baltimore, MD ..................$513,425
Bethesda, MD .................$829,750

Bangor, ME .......................$253,750

Grayling, MI ........................$149,600
Ann Arbor, MI .....................$346,250

Rochester, MN ...................$217,675
Minneapolis, ................MN $397,133

St Louis, MO .......................$254,700
Tupelo, MS ..........................$163,485

Helena, MT ..........................$177,950

Greensboro, NC ...............$181,166
Charlotte, NC ....................$204,336
Wilmington, NC ................$286,650

Bismarck, ND .....................$171,438

Norfolk, NE .........................$176,450

Turnersville, NJ ...............$257,385
Clinton, NJ ..........................$527,700
Madison, NJ .......................$677,250
Ridgewood, NJ ...............$829,500

Albuquerque, NM ...........$243,034
Santa Fe, NM ...................$511,026

Las Vegas, NV .................$359,500

Binghamton, NY .............$152,875
Rochester, NY ...................$256,333
Long Island, NY .................$584,497
Queens, NY .......................$701,000
Rye, NY .............................$869,125

Cincinnati, OH ...................$244,250

Oklahoma City, OK ...........$185,000

Eugene, OR ......................$327,000

Erie, PA ............................$193,975
Harrisburg, PA .................$276,566
Philadelphia, PA ............$574,567

Columbia, SC .................$190,058
Myrtle Beach, SC ..........$191,584
Charleston, SC ..............$307,400

Sioux Falls, SD ................$171,470

Nashville, TN .....................$209,300

Arlington, TX .....................$139,510
Dallas, TX .........................$261,325

Salt Lake City, UT ............$262,117

Roanoke, VA ...................$220,942
Virginia Beach, VA ..........$334,425
Alexandria City, VA .......$776,399

Burlington, VT ..................$338,750

Spokane, WA .................$238,418
Seattle, WA ......................$386,600
Bellevue, WA ..................$566,330

Eau Claire, WI ..................$164,225
Milwaukee, WI ..................$331,000

Charleston, WV ................$179,050
Would you pay $400K for this house in Alaska?

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