California Most Expensive RE Market

The Coldwell Banker Home Price Comparison Index found the nation's most affordable real estate market to be Sioux City, Iowa, while the San Diego neighborhood of La Jolla, Calif., is the most expensive.

The index looks at the cost of similar 2,200 square foot, four bedroom, two-and-one-half bathroom homes in 315 U.S. markets. However, due to a lack of comparable properties, the borough of Manhattan in New York City is not included in the study.

In fact of the 10 most expensive markets, eight are in California; the two that weren't are Greenwich, Conn., ranked second, and Boston, ranked ninth.

All told, 13 markets had an average sales price above $1 million, with Wellesley, Mass., being the third one outside of California.

Not all of California is high-end. Bakersfield is the most affordable city, with an average sales price of $273,457.

Attend the live webcast about the Home Seller Assist program created by John Alexander each Tues and Wed evening at 7pm - Central at http://www.fastbuyerloans.com and see how you can profit from all of this.