Is your city one of the most expensive or least expensive markets? See how your locale stacks up against the rest of the country in Coldwell Banker's Annual Home Listing Report!

Top 10 Most Expensive Markets

1. Saratoga*, Calif., $2,453,718

2. Newport Beach, Calif., $2,130,338

3. Cupertino*, Calif., $1,812,833

4. Redwood City*, Calif., $1,807,068

5. Arcadia, Calif., $1,748,680

6. Carmel, Calif., $1,722,500

7. San Francisco*, Calif., $1,672,100

8. La Cañada Flintridge, Calif., $1,571,846

9. Sunnyvale*, Calif., $1,566,616

10. Los Gatos*, Calif., $1,470,524

*Indicates Silicon Valley

In contrast, the 2016 HLR found that you don't have to move to the middle of nowhere to find an affordable home. Many of the most affordable markets are located in -or within an hour's drive to- metropolitan areas that offer access to jobs, culture, entertainment or top universities. This year, Detroit, an iconic city which has seen a major revitalization, ranked as the most affordable market in the country where an average four-bedroom, two-bathroom home costs $64,110.

Detroit most affordable city to buy a home in U.S. where 4-bed, 2-bath home costs $64,110 @ColdwellBanker Home Listing Report

Top 10 Most Affordable Markets

1. Detroit*, Mich., $64,110

2. Cleveland*, Ohio , $73,073

3. Park Forest*, Ill., $78,392

4. Jamestown*, N.Y., $88,891

5. Utica*, N.Y. , $92,891

6. Wilkes-Barre*, Pa. , $94,436

7. Scranton*, Pa. , $104,842

8. Huntington*, Ind. , $105,614

9. Augusta*, Ga. , $106,567

10. Palatka*, Fla. , $110,655*

*Indicates a market in or within commuting distance to metropolitan areas
Georgia residents can find information here and South Carolina residents can find information specific to their state here!

CBS News provided excellent analysis of our annual Home Listing Report. The full story can be found here.


For more information, please contact me at Announcements@mycbpp.com or toll free at 800.505.8111. Coldwell Banker Platinum Partners Real Estate Service in Georgia and South Carolina.