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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: nextrade! who wrote (24434)	10/11/2004 8:34:46 PM
From: nextrade!	Respond to of 306849

Hot property, Oct. 10, 2004, 6:21PM Oceanfront property just about the hottest By JUSTIN BACHMAN Associated Press chron.com We're a nation of people who relocate, with real estate values a key concern for many families. Ever wonder how your place measures up against the highest average sales prices and most affordable across the country? Not surprisingly, seven of the top 10 most expensive average selling prices were in California, led for a second year by La Jolla, the posh enclave perched atop the Pacific Ocean just north of San Diego. The average sales price there this year? $1.7 million. La Jolla was followed by Beverly Hills and Santa Barbara, at $1.3 million and $1.2 million, respectively. A few others in the top 10 were Greenwich, Conn. ($1.19 million); Wellesley, Mass. ($1.1 million); and Kailua-Kona, Hawaii ($1.08 million). The most affordable market was Minot, N.D., where a home went for an average price of $130,000. The average of the 322 U.S. markets was $354,372, up 11 percent from 2003. Houston's tally was $173,512. The results are from Coldwell Banker Real Estate Corp.'s annual comparison index of 348 markets in the United States, Puerto Rico and Canada. It compares "middle-management transferee neighborhoods."