Most and least expensive place to live

Each year Coldwell Banker surveys the national housing market to discover the most and least expensive places to live. Their example is a 2,200 square foot home with four bedrooms two-and-a-half baths and a two-car garage. The survey of 317 housing markets found Beverly Hills was the most expensive. A home meeting their sample criteria would cost $2.21 million. In Killeen, Texas that same home would cost $136,725. In Sacramento that home would be $380,625.

Sacramento was the most affordable housing markets in the U.S. It ranked 121st. in the affordable housing survey where the average price for that sample home was $422,343.

Eight of the top ten most expensive housing markets are in California. Greenwich, Conn. and Boston were the only areas outside California to make the top ten. The sample home in Greenwich would be $2 million and in Boston $1.3.

The most expensive international market is Dublin, Ireland where the average price for the sample home would be $2.13 million and Milan, Italy at $1.19 million.
Bob Bronswick, president of Coldwell Banker Sacramento Region said about the survey, “Our area remains a very desirable housing market. We benefit from a good job market, excellent schools and universities and a quality of life that is hard to beat.” Bob is a little off there. Our housing market isn’t very desirable right now or we would be having more sales but he and the survey makes a good point, that the region offers good value in comparison to the national housing market. Once we all get through this market correction, Sacramento is in a position to return to a very attractive market for homebuyers.