A Raleigh NC home valued at $218,575 sells for $1,800,000 in California
Just in case you needed another reason to feel smart about buying a home in North Carolina, just take a look at Coldwell Banker’s latest 2006 home price survey which compared a 2,200-square-foot house with 4 bedrooms, 2 1/2 bathrooms, afamily room and a two-car garage located in average neighborhoods throughout the country.
Buying this home in Beverly Hills California would set you back the most with a price tag of $1,800,000. Throughout North Carolina, the price for the same family home is much more reasonable.
Home prace comparison of a similar home in North Carolina
| Charlotte | $228,500 |
| Fayetteville | $200,000 |
| Greensboro | $195,905 |
| Raleigh | $218,575 |
| Wilmington | $335,725 |
| Winston-Salem | $214,143 |
Nine of the top ten most expensive locations for this home were all in California:
Most expensive:
| Beverly Hills, CA | $1,800,000 |
| Santa Monica, CA | $1,766,666 |
| La Jolla, CA | $1,762,500 |
| Santa Barbara, CA | $1,700,000 |
| Palo Alto, CA | $1,652,042 |
| Newport Beach, CA | $1,566,250 |
| San Jose, CA | $1,410,662 |
| Greenwich, CT | $1,403,750 |
| San Mateo, CA | $1,366,139 |
| San Francisco, CA | $1,363,750 |
We’re not ranked among the 10 least expensive housingmarkets, but the price difference between a home in Raleighand a home in Minot, North Dakota (the most affordable home inthe country) is only $86,546. Compare this with a price difference of $1,581,425 between a Raleigh home and similar Beverly Hills home and it becomes quickly apparent that NC is certainly among the most of most affordable housing markets in the nation.
So pat yourself on the back and consider yourself smart tohave purchased or to be considering purchasing a home anywhere in North Carolina!
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