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Report ranks state’s priciest home markets


Staff Report
Published Dec. 3, 2012

Greenville, Seneca and Simpsonville were among the top 10 most expensive markets for average home prices in South Carolina.

Coldwell Banker Real Estate LLC recently released its annual Home Listing Report that showed the most expensive and affordable real estate markets throughout the U.S. The report also broke down the markets by state.

Overall, the report found the average listing price of a four-bedroom, two-bathroom home in the U.S. to be $292,152. Only four South Carolina areas exceeded that mark.

State’s priciest home markets


Rank

1

2

3

4

5

6

7

8

9

10

Market

Mount Pleasant

North Myrtle Beach

Chapin

Aiken

Tega Cay

Charleston

Seneca

Greenville

Murrells Inlet

Simpsonville

Average sales price

$378,164

$373,710

$324,162

$282,676

$281,714

$276,849

$262,383

$256,793

$243,347

$241,462

Mount Pleasant ranked No. 1 for most expensive homes with an average price of $378,164. Seneca ranked No. 7 at $262,383; Greenville ranked No. 8 at $256,793; and Simpsonville ranked No. 10 at $241,462.

Some of the most expensive real estate markets nationally are in Northern California, such as Los Altos, Calif., where the average listing price of a four-bedroom, two-bathroom is $1.7 million. The most affordable market this year is Redford, Mich., in which a four-bedroom, two-bathroom is listed at $60,490.

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 to June.

“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,” said Budge Huskey, Coldwell Banker Real Estate LLC president, in a news release.


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