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September 12, 2016 | In the News

Coldwell Banker Real Estate Home Listing Report Finds Austin is the Most Expensive Market in Texas

Coldwell Banker Real Estate Home Listing Report Finds

Austin is the Most Expensive Market in Texas

Report reveals most expensive and affordable real estate markets in United States

 

AUSTIN, TX (Sept. 8, 2016) – Austin has ranked as the most expensive place to live in the state of Texas in the Coldwell Banker Real Estate Home Listing Report (HLR). According to the report, which is the most extensive home price comparison tool in the U.S., the average four-bedroom, two-bathroom home costs $414,563 in Austin.

 

Top 10 Most Expensive Markets in Texas

1.     Austin, TX, $414,563

2.     Boerne, TX, $362,230

3.     Georgetown, TX, $354,266

4.     Montgomery, TX, $333,607

5.     Aransas Pass, TX, $312,354

6.     Keller, TX, $311,945

7.     Sugar Land, TX, $303,896

8.     The Woodlands, TX, $298,899

9.     Round Rock, TX, $298,616

10.  Frisco, TX, $291,808

 

“It’s no surprise that Austin is a very desirable place to live and the home prices reflect that demand,” said Helen Edwards, president, Coldwell Banker United, REALTORS®, Austin. “The fact that Austin was ranked as more expensive than Dallas and Houston says a lot about the growing demand for Austin living.”

 

In contrast, the 2016 HLR found that you don’t have to move to the middle of nowhere to find an affordable home. Many of the most affordable markets are located in -or within an hour’s drive to- metropolitan areas that offer access to jobs, culture, entertainment or top universities.

 

Top 10 Most Affordable Markets in Texas

1.     Kingsville, TX, $139,841

2.     Paris, TX, $147,367

3.     Harlingen, TX, $152,058

4.     Lancaster, TX, $152,357

5.     Horizon City, TX, $153,359

6.     Killeen, TX, $157,650

7.     McAllen, TX, $158,240

8.     Copperas Cove, TX, $161,253

9.     Marshall, TX, $169,900

10.  Mesquite, TX, $171,643

                                                                                                                                                                             

ABOUT THE 2016 COLDWELL BANKER® HOME LISTING REPORT

·       The annual report is the most extensive home price comparison tool currently available in the U.S., ranking the average listing price of four-bedroom, two bathroom homes in more than 2,000 markets.

·       While other affordability reports provide average or median prices for all homes in a given area, the Coldwell Banker® HLR analyzes more than 50,000 four-bedroom, two-bathroom home listings to better address how much a home in one market would cost if the same home were located somewhere else in the country.

·       The national average listing price of a four-bedroom, two-bathroom home is $320,120 which, on average, can buy a sample size home in nearly 1,300 markets across the country.

 

About the 2016 U.S. Home Listing Report (Methodology):

The Coldwell Banker® U.S. Home Listing Report analyzes the average listing price of four-bedroom, two-bathroom real estate properties on coldwellbanker.com between January 2016 and June 2016 for 51,163 listings in 2,168 markets. The Coldwell Banker franchised 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 2016 and June 2016 were excluded from the ranking.