Updated at 1:54 p.m., Wednesday, September 26, 2007
Honolulu middle-manager homes twice national price
Advertiser Staff
Honolulu's home prices are about twice the national average when looking at residences that would appeal to middle management executives, according to a new study by Coldwell Banker.The survey of 317 U.S. housing markets found the average price for a four-bedroom, two-and-a-half bath home with a family room and two-car garage was was $843,750. That compared to the U.S. average of $422,343 for the 2,200-square-foot homes.
The most expensive market was Beverly Hills, Calif., where a middle-management residence averaged $2.2 million. The least expensive was Killeen, Texas, were the residences were priced at $136,725.
Rank/Most Expensive/2007 Average Sales Price
1. Beverly Hills, Calif. $2,206,883
2. Greenwich, Conn. $2,018,750
3. La Jolla, Calif. $1,800,000
4. Santa Monica, Calif. $1,785,000
5. Palo Alto, Calif. $1,677,000
6. Newport Beach, Calif. $1,617,500
7. Santa Barbara, Calif. $1,599,667
8. San Mateo, Calif. $1,498,023
9. San Francisco, Calif. $1,451,250
Rank/Most Affordable/2007 Average Sales Price
1. Killeen, Texas $136,725
2. Minot, N.D. $139,033
3. Arlington, Texas $139,175
4. Canton, Ohio $146,333
5. Muncie, Ind. $150,000
6. Topeka, Kan. $150,075
7. Fort Worth, Texas $151,250
8. Tulsa, Okla. $153,750
9. Grayling, Mich. $155,000
10. Wichita, Kansas $156,500
