CALIFORNIA BUSINESS MINUTE
Housing
09-24-10
Hi, I am Tim Johnson and welcome to the California Business Minute.
Even with the downturn in the economy, cities in California apparently remain
some of the most expensive real estate in the nation according to a report by
Coldwell Banker.
Based upon properties listed on Coldwell Banker.com, between February and August
2010, after examining 300 markets, Coldwell Banker identified both the Top Ten
Most Expensive Real Estate Markets and The Top Ten Most Affordable
See how California communities fared:
TOP TEN MOST EXPENSIVE
1. Newport Beach $1.83M
2. Palo Alto $1.48M
3. Rye, NY $1.33M
4. San Francisco $1.33M
5. La Jolla $1.21M
6. Greenwich, CT $1.20M
7. Wellesley, MA $1.08M
8. Pasadena $1.04M
9. Honolulu, HI $1.03M
10. Santa Barbara $1.02M
TOP TEN MOST AFFFORDABLE
1. Detroit, MI $68,007
2. Grayling, MI $84,625
3. Sioux City, IA $85,967
4. Cleveland, OH $87,240
5. Muncie, IN $100,314
6. Norfolk, NB $107,814
7. Kansas, City, MO $112,449
8. Canton, OH $114,325
9. Port Huron, MI $116,267
10. Topeka, KS $116,343
I am Tim Johnson and this has been the California Business Minute.
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