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Housing Bargains

September 11, 2008

A new study on home prices shows that the Dallas area still has a big edge in providing affordable housing for relocating corporate 5c7e490cemployees.

The Dallas Morning News reported, Coldwell Banker Real Estate’s annual home price comparison index tracks the cost of homes in more than 300 U.S. markets in areas that would appeal to "typical corporate middle-management transferees."

But that’s substantially below the nationwide average of $403,738 in the survey, which compares the cost of a typical single-family dwelling with about 2,200 square feet, four bedrooms, 2 ½ baths, a family room and a two-car garage. The real estate sales firm said all the houses used in the comparison were in neighborhoods popular with corporate transferees.

Nationwide, the average price in Coldwell Banker’s report was down about 4 percent from last year, which reflects the softer housing market.

The most expensive markets on the real estate firm’s annual price list are La Jolla, Calif., at $1.84 million, and Greenwich, Conn., at $1.79 million.

At the other end of the spectrum, the cheapest U.S. markets include Sioux City, Iowa, at $133,459 and Jackson, Mich., at $134,325.

In Texas, the cheapest markets, according to Coldwell Banker, include Arlington at $143,775 and Killeen at $145,812.

A similar house would cost $209,557 in Plano and $149,108 in Fort Worth.

Coldwell Banker has been issuing the report since the 1980s.

 

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