Neighbor News
Coldwell Banker Releases 2015 Home Listing Report
Report Finds Wilkes-Barre Most Affordable and New Hope Most Expensive Markets in Pennsylvania
Coldwell Banker released its 2015 Home Listing Report (HLR), which ranks the affordability of 140 real estate markets in Pennsylvania. The Coldwell Banker® HLR named Wilkes-Barre the most affordable market in Pennsylvania with an average listing price of $79,480 while New Hope ranked as the most expensive market in the state, with an average listing price of $745,518. In the Greater Philadelphia market, Philadelphia was the most affordable with an average listing price of $252,102.
The annual report is the most extensive home price comparison tool currently available in the United States, ranking the average listing price of four-bedroom, two-bathroom homes in more than 2,700 markets. While other affordability reports provide average or median prices for all homes in a given area, the Coldwell Banker Home Listing Report analyzes more than 81,000 four-bedroom, two-bathroom home listings to better address how much a home in one market would cost if the same home were located somewhere else in the country.
According to the HLR, the top 10 most expensive markets in the state were located in the Greater Philadelphia area. “These rankings demonstrate that this region is a business and cultural hub in the state and offers world-class entertainment and amenities that attract people from around the globe,” said David Krieger, president of Coldwell Banker Preferred.
Find out what's happening in Norristownfor free with the latest updates from Patch.
Top 10 Most Expensive Markets in Pennsylvania
1. New Hope, $745,518
Find out what's happening in Norristownfor free with the latest updates from Patch.
2. Newtown, $568,069
3. Doylestown, $530,671
4. Blue Bell, $517,018
5. Newtown Square, $515,818
6. West Chester, $452,844
7. Media, $445,690
8. Harleysville, $434,470
9. Downingtown, $415,163
10. Eagleville, $414,500
Top 10 Most Affordable Markets in Pennsylvania
1. Wilkes-Barre, $79,480
2. Penn Hills, $115,731
3. Hazleton, $117,421
4. Johnstown, $118,823
5. Altoona, $124,80
6. Bushkill, $127,084
7. Dunmore, $129,693
8. Blakeslee, $131,082
9. Scranton, $132,600
10. Tobyhanna, $133,653
Full data for Pennsylvania including affordability rankings of Greater Philadelphia, is available on the Coldwell Banker Home Listing Report website.
About the 2015 U.S. Home Listing Report (Methodology):
The Coldwell Banker® U.S. Home Listing Report analyzes the average listing price of four-bedroom, two-bathroom real estate properties on coldwellbanker.com between December 2014 and June 2015 for 81,417 listings in 2,722 markets. The Coldwell Banker franchised affiliates, as well as other franchise brands associated with Realogy Holdings Corp, contribute to listings on coldwellbanker.com. Markets without at least 10 four-bedroom, two-bathroom listings on coldwellbanker.com between December 2014 and June 2015 were excluded from the ranking.
About Coldwell Banker Preferred
Coldwell Banker Preferred has ten offices and a sales force of nearly 650 affiliated sales associates and staff serving the communities of the Greater Philadelphia area and the Delaware Valley, including northern Delaware and southern New Jersey. Coldwell Banker Preferred is part of NRT LLC, the nation’s largest residential real estate brokerage company. For more information visit: www.ColdwellBankerHomes.com.
