2008 Coldwell Banker Home Price Comparison Index

  Most Expensive 2008 Avg. Sales Price   Most Affordable

2008 Avg. Sales Price

1 La Jolla, CA $1,841,667   Sioux City, IA $133,459
2 Greenwich, CT $1,787,000   Jackson, MI $134,325
3 Beverly Hills, CA $1,777,475   Akron, OH $135,780
4 Palo Alto, CA $1,740,333   Canton, OH $139,667
5 Santa Monica, CA $1,653,333   Grayling, MI $141,000
6 Santa Barbara, CA $1,599,667   Minot, ND $142,000
7 Newport Beach, CA $1,546,250   Arlington, TX  $143,775
8 San Francisco, CA $1,513,181   Muncie, IN $144,250
9 Boston, MA $1,493,750   Killeen, TX $145,812
10 San Mateo, CA $1,366,475   Eau Claire, WI $147,300

One of the most interesting and useful comparisons for national home prices is no doubt the annual Coldwell Banker Home Price Comparison Index. It isn’t the average or median price in these cities: this one provides an apples-to-apples comparison of similar 2,200 square foot, four-bedroom, two-and-a-half bath homes in 315 markets across the United States, plus other areas and countries.

Remember, all of the prices you are looking at here are for similar homes – the only real variation being location. A similar home in La Jolla ($887 a square foot) costs almost fourteen times as much as one in Sioux City, Iowa ($60 a foot). Wow. It looks like it is: Location, location, location.

Here is a link to an article showing various tables and graphs from Market Watch.