Click here to close now.




















Welcome!

Wearables Authors: Liz McMillan, Kaazing Blog, Elizabeth White, Carmen Gonzalez, Kevin Benedict

News Feed Item

Annual Coldwell Banker Real Estate Home Listing Report Finds $1.6 Million Difference Between Similar Homes in Silicon Valley and Midwest

Six of the 10 Most Expensive Markets in the Country Reside in the Bay Area as Home Listing Prices Reflect the Success of the Technology Industry; Survey of Four-Bedroom, Two-Bathroom Homes Covers 72,000 Properties in 2,500 U.S. Markets

PARSIPPANY, NJ -- (Marketwire) -- 11/28/12 -- The success of the technology industry and desirable location are continuing to influence home listing prices in the San Francisco Bay Area, elevating it to one of the priciest real estate markets in the country. Today, Coldwell Banker Real Estate LLC released its annual Home Listing Report (HLR) revealing several of the country's most expensive real estate markets are in Northern California. Google, Apple, Facebook and Stanford University are all located within 15 minutes of this year's most expensive market, Los Altos, Calif., where the average listing price of a four-bedroom, two-bathroom home is $1,706,688.

"The success of many of our native tech companies has shined a spotlight on Silicon Valley and our real estate market in the San Francisco Bay Area," said Rick Turley, president of Coldwell Banker Residential Brokerage in the San Francisco Bay Area. "Listing prices in our market are a product of ongoing high demand, projected population growth and the low inventory levels of homes in what is one of the most desirable locations to live."

In contrast, the most affordable market this year is Redford, Mich., where a similar home, four-bedrooms, two-bathrooms, is listed at $60,490 -- a listing price difference of more than $1.6 million. In fact, 28 homes can be purchased in Redford for the price of a similar home in Los Altos.

Overall, the report found the average listing price of a four-bedroom, two-bathroom home in the U.S. to be $292,152. Affordability remains strong in many markets across the country as 36 percent of the markets analyzed by the report had an average home listing price of less than $200,000 for four-bedroom, two-bathroom homes.

About the Coldwell Banker Real Estate Home Listing Report:

Serving as an analysis of the most expensive and affordable markets across the country, the Coldwell Banker HLR provides a snapshot of the average listing price of four-bedroom, two-bathroom homes across the country. This year's report analyzes more than 72,000 home listings in more than 2,500 U.S. markets, comparing the listing prices of similar homes in markets across the country from January 2012 to June 2012.

"Each year, our home listing report captures an insightful look at local market conditions and emerging trends in real estate," said Budge Huskey, president of Coldwell Banker Real Estate LLC. "We recognize that buying a home is a significant life decision, and we do this apples-to-apples comparison of similar homes to provide homebuyers with useful information about the many great opportunities that exist around the U.S."

About America's Most Expensive Markets:

The five most expensive markets are all in California, with four in the San Francisco Bay Area. Los Altos, Calif. tops the list, followed by Newport Beach ($1,658,000), Saratoga ($1,582,434), Menlo Park ($1,506,909) and Palo Alto ($1,495,364). But even with these high priced markets, California was not the most expensive state. The average listing price of a four-bedroom, two-bathroom home in California ($431,625) is less than both Hawaii ($742,551) and Massachusetts ($489,063).

----------------------------------------------------------------------------
      Most Expensive        Avg. Listing  Most Affordable       Avg. Listing
Rank  States                       Price  States                       Price
----------------------------------------------------------------------------
  1   Hawaii                    $742,551  Nebraska                  $145,360
----------------------------------------------------------------------------
  2   Massachusetts             $489,063  Iowa                      $162,621
----------------------------------------------------------------------------
  3   California                $431,625  Georgia                   $169,625
----------------------------------------------------------------------------
  4   New Jersey                $421,108  Kansas                    $169,650
----------------------------------------------------------------------------
  5   Connecticut               $411,884  North Dakota              $179,345
----------------------------------------------------------------------------
  6   Colorado                  $387,309  Mississippi               $182,536
----------------------------------------------------------------------------
  7   New York                  $359,682  Oklahoma                  $182,765
----------------------------------------------------------------------------
  8   Minnesota                 $357,461  South Dakota              $185,791
----------------------------------------------------------------------------
  9   Maryland                  $354,465  Texas                     $186,144
----------------------------------------------------------------------------
  10  Washington                $342,716  Arkansas                  $186,767
----------------------------------------------------------------------------

*A list of the most expensive and affordable markets in each state can be viewed on the Home Listing Report website.

About America's Most Affordable Markets:

The most affordable market of Redford, Mich. is followed by College Park, Ga. ($62,080); Detroit, Mich. ($65,155); Cleveland, Ohio ($70,066); and Poinciana, Fla. ($76,341).

Four of the top 20 most affordable markets are located in Michigan, where bidding wars are making headlines, particularly in pockets of the metro-Detroit region.

"Where Michigan was one of the first states impacted by the recession, it's also been one of the first states to recover," said Kelly Sweeney, chief executive officer of Coldwell Banker Weir Manuel. "As for Redford, with its proximity to metro Detroit and Ann Arbor, the town proves that you don't have to give up amenities to live in an affordable community. Nobody ever gets priced out of Redford, putting the American Dream within grasp of nearly everybody."

In the South, Georgia and Florida each have four of the 20 most affordable markets.

Top 20 Lists
The top 20 most expensive and most affordable real estate housing markets in the 2012 Coldwell Banker U.S. Home Listing Report are:

----------------------------------------------------------------------------
                            Avg. Listing                        Avg. Listing
Rank  Most Expensive               Price  Most Affordable              Price
----------------------------------------------------------------------------
  1   Los Altos, Calif.       $1,706,688  Redford, Mich.             $60,490
----------------------------------------------------------------------------
      Newport Beach,
  2   Calif.                  $1,658,000  College Park, Ga.          $62,080
----------------------------------------------------------------------------
  3   Saratoga, Calif.        $1,582,434  Detroit, Mich.             $65,155
----------------------------------------------------------------------------
  4   Menlo Park, Calif.      $1,506,909  Cleveland, Ohio            $70,066
----------------------------------------------------------------------------
  5   Palo Alto, Calif.       $1,495,364  Poinciana, Fla.            $76,341
----------------------------------------------------------------------------
  6   Los Gatos, Calif.       $1,444,214  Hastings, Fla.             $78,840
----------------------------------------------------------------------------
  7   Rye, NY                 $1,312,250  Jonesboro, Ga.             $79,686
----------------------------------------------------------------------------
  8   Kailua, Hawaii          $1,238,208  Park Forest, Ill.          $81,107
----------------------------------------------------------------------------
      Carmel-by-the-Sea,
  9   Calif.                  $1,232,167  Augusta, Ga.               $83,936
----------------------------------------------------------------------------
  10  San Carlos, Calif.      $1,230,880  Johnstown, Pa.             $84,173
----------------------------------------------------------------------------
                                          Cleveland Heights,
  11  Greenwich, Conn.        $1,200,525  Ohio                       $84,535
----------------------------------------------------------------------------
  12  Cupertino, Calif.       $1,151,145  Saginaw, Mich.             $85,345
----------------------------------------------------------------------------
      San Francisco,
  13  Calif.                  $1,132,086  Fort Pierce, Fla.          $89,292
----------------------------------------------------------------------------
                                          Country Club Hills,
  14  Weston, Mass.           $1,105,692  Ill.                       $90,788
----------------------------------------------------------------------------
  15  Belmont, Calif.         $1,098,777  Irvington, N.J.            $92,264
----------------------------------------------------------------------------
  16  Boulder, Colo.          $1,084,183  Lehigh Acres, Fla.         $92,819
----------------------------------------------------------------------------
  17  Orono, Minn.            $1,070,203  Terrell, Texas             $96,329
----------------------------------------------------------------------------
  18  Mercer Island, Wash.    $1,059,411  Warren, Mich.              $96,349
----------------------------------------------------------------------------
  19  Darien, Conn.           $1,056,933  Ellenwood, Ga.             $97,850
----------------------------------------------------------------------------
  20  Redwood City, Calif.    $1,010,394  Maricopa, Ariz.            $97,886
----------------------------------------------------------------------------

Highlights from the 2012 Coldwell Banker Real Estate Home Listing Report:

  • The average listing price of a four-bedroom, two-bathroom home in the U.S. is $292,152.
  • Coastal states are home to the majority of the country's most expensive markets.
  • Many affordable markets exist just outside the most expensive markets in the country, such as Lake Elsinore, Calif., ($192,804 ) which is only an hour inland of Newport Beach, Calif., ($1,658,000).
  • While markets in the Midwest and South offer general affordability, the lifestyle and prestige of certain markets can help drive home prices well above the state average. In Orono, Minn., the average home listing price of a four-bedroom, two-bathroom home is $1,070,203, significantly higher than the average home price in the state ($357,461).
  • In fact, Minnesota ranks as the eighth most expensive state in the country, more expensive than coastal states Maryland and Washington.
  • Nebraska is the most affordable state in the country, where the average four-bedroom, two-bathroom home costs $145,360. The next most affordable states are Iowa ($162,621) and Georgia ($169,625).

Methodology:
The Coldwell Banker U.S. Home Listing Report analyzes the average listing price of four-bedroom, two-bathroom properties on coldwellbanker.com between January 2012 and June 2012. Coldwell Banker affiliates as well as other franchise brands associated with Realogy Holdings Corp contribute to listings on coldwellbanker.com. Markets without at least 10 four-bedroom, two-bathroom listings on coldwellbanker.com between January 2012 and June 2012 were excluded from the ranking. Out of respect to those still dealing with damage by Hurricane Sandy, some affected U.S. markets will not be included in the 2012 Home Listing Report data set that will be published to the Coldwell Banker website.

About Coldwell Banker®
Since 1906, the Coldwell Banker® organization has been a premier provider of full-service residential and commercial real estate. Coldwell Banker is the oldest national real estate brand in the United States and today has a network of approximately 83,000 sales agents working in approximately 3,100 offices in 50 countries and territories. The Coldwell Banker brand is known for creating innovative consumer services as recently seen by being the first national real estate brand to create an iPad application and the first to fully harness the power of video in real estate listings, news and information through its Coldwell Banker On Location(SM) YouTube channel. The Coldwell Banker system is a leader in specialty markets such as resort, new homes and luxury properties through its Coldwell Banker Previews International® marketing program. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Coldwell Banker is subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global provider of real estate services.

Editor's Note: Please follow the link to find the Home Listing Report rankings for your state: http://hlr.coldwellbanker.com/SurveyStateList.html

To Obtain Local Market Interviews:

Heather Roberts
Coldwell Banker Real Estate LLC
973.407.5590
Email Contact


Katy Hendricks
CooperKatz for Coldwell Banker Real Estate LLC
917.595.3057
Email Contact


More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some form of XaaS – software, platform, and infrastructure as a service.
While many app developers are comfortable building apps for the smartphone, there is a whole new world out there. In his session at @ThingsExpo, Narayan Sainaney, Co-founder and CTO of Mojio, will discuss how the business case for connected car apps is growing and, with open platform companies having already done the heavy lifting, there really is no barrier to entry.
SYS-CON Events announced today that the "Second Containers & Microservices Expo" will take place November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.
The Internet of Things is in the early stages of mainstream deployment but it promises to unlock value and rapidly transform how organizations manage, operationalize, and monetize their assets. IoT is a complex structure of hardware, sensors, applications, analytics and devices that need to be able to communicate geographically and across all functions. Once the data is collected from numerous endpoints, the challenge then becomes converting it into actionable insight.
Manufacturing connected IoT versions of traditional products requires more than multiple deep technology skills. It also requires a shift in mindset, to realize that connected, sensor-enabled “things” act more like services than what we usually think of as products. In his session at @ThingsExpo, David Friedman, CEO and co-founder of Ayla Networks, will discuss how when sensors start generating detailed real-world data about products and how they’re being used, smart manufacturers can use the data to create additional revenue streams, such as improved warranties or premium features. Or slash...
Contrary to mainstream media attention, the multiple possibilities of how consumer IoT will transform our everyday lives aren’t the only angle of this headline-gaining trend. There’s a huge opportunity for “industrial IoT” and “Smart Cities” to impact the world in the same capacity – especially during critical situations. For example, a community water dam that needs to release water can leverage embedded critical communications logic to alert the appropriate individuals, on the right device, as soon as they are needed to take action.
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts, GM of Platform at FinancialForce.com, will discuss the value of business applications on wearable ...
Akana has announced the availability of the new Akana Healthcare Solution. The API-driven solution helps healthcare organizations accelerate their transition to being secure, digitally interoperable businesses. It leverages the Health Level Seven International Fast Healthcare Interoperability Resources (HL7 FHIR) standard to enable broader business use of medical data. Akana developed the Healthcare Solution in response to healthcare businesses that want to increase electronic, multi-device access to health records while reducing operating costs and complying with government regulations.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal an...
Containers are not new, but renewed commitments to performance, flexibility, and agility have propelled them to the top of the agenda today. By working without the need for virtualization and its overhead, containers are seen as the perfect way to deploy apps and services across multiple clouds. Containers can handle anything from file types to operating systems and services, including microservices. What are microservices? Unlike what the name implies, microservices are not necessarily small, but are focused on specific tasks. The ability for developers to deploy multiple containers – thous...
As more intelligent IoT applications shift into gear, they’re merging into the ever-increasing traffic flow of the Internet. It won’t be long before we experience bottlenecks, as IoT traffic peaks during rush hours. Organizations that are unprepared will find themselves by the side of the road unable to cross back into the fast lane. As billions of new devices begin to communicate and exchange data – will your infrastructure be scalable enough to handle this new interconnected world?
Through WebRTC, audio and video communications are being embedded more easily than ever into applications, helping carriers, enterprises and independent software vendors deliver greater functionality to their end users. With today’s business world increasingly focused on outcomes, users’ growing calls for ease of use, and businesses craving smarter, tighter integration, what’s the next step in delivering a richer, more immersive experience? That richer, more fully integrated experience comes about through a Communications Platform as a Service which allows for messaging, screen sharing, video...
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Treloar, President and COO of Bebaio, will explore examples of brands transforming their businesses by t...
The 3rd International WebRTC Summit, to be held Nov. 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 15th International Cloud Expo, 6th International Big Data Expo, 3rd International DevOps Summit and 2nd Internet of @ThingsExpo. WebRTC (Web-based Real-Time Communication) is an open source project supported by Google, Mozilla and Opera that aims to enable bro...
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
SYS-CON Events announced today the Containers & Microservices Bootcamp, being held November 3-4, 2015, in conjunction with 17th Cloud Expo, @ThingsExpo, and @DevOpsSummit at the Santa Clara Convention Center in Santa Clara, CA. This is your chance to get started with the latest technology in the industry. Combined with real-world scenarios and use cases, the Containers and Microservices Bootcamp, led by Janakiram MSV, a Microsoft Regional Director, will include presentations as well as hands-on demos and comprehensive walkthroughs.
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal today!
In his session at @ThingsExpo, Lee Williams, a producer of the first smartphones and tablets, will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater. He will explain how M2M controllers work through wirelessly connected remote controls; and specifically delve into a retrofit option that reverse-engineers control codes of existing conventional controller systems so they don't have to be replaced and are instantly converted to become smart, connected devices.
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo, November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be.