Welcome!

Wearables Authors: ManageEngine IT Matters, Doron Kolton, Elizabeth White, Stefan Bernbo, Carmen Gonzalez

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
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, 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 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web ...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, 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.
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, will share examples from a wide range of industries – includin...
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
"We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at 20th Cloud Expo, Ed Featherston, director/senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effici...
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
"IoT is going to be a huge industry with a lot of value for end users, for industries, for consumers, for manufacturers. How can we use cloud to effectively manage IoT applications," stated Ian Khan, Innovation & Marketing Manager at Solgeniakhela, in this SYS-CON.tv interview at @ThingsExpo, held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, provided an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data professionals...
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Onalytica. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and G...