Evergreen tops state

You could buy 6.5 four-bedroom, two-bath homes in Pueblo for the price of one similarly sized home in Evergreen, according to a national report released today by Coldwell Banker Real Estate LLC.

This Evergreen home, priced at $924,900, is near the average price of a home in Evergreen, the most expensive market in Colorado, according to Coldwell Banker.

Coldwell Banker provided a snapshot of listing prices in 2,319 markets of homes with the same number of bedrooms and baths. However, it does not take into consideration the square footage of a home. For example, a home in Evergreen, with an average price of $924,900 – near the average price of typical home in Evergreen – has 7,131 square feet, according to COhomefinder.com. But one would be hard-pressed to find a home of that size for sale in Pueblo.

The average price of a home in Pueblo was $141,160, while Evergreen topped the state with an average price of $922,183. Boulder was the next most expensive market in Colorado at $880,671.  Evergreen ranked 22nd in the report and Boulder was 29th. In order to be considered in the report, markets were at least 10 properties of the uniform size that were listed for sale between September 2010 and March 2011.

The survey found that Newport Beach, Calif. is the country’s most expensive market, where the average home listed at  $2.54 million.  Niagra Falls, N.Y. had the least expensive average-priced homes at $61,000.

Most in-depth report yet

“This year’s home listing report is by far the most in-depth local market source of data that Coldwell Banker has ever released,” said Chris Mygatt, president of Coldwell Banker Residential Brokerage. “We’ve included nearly 10 times more markets than ever before, which gives us unmatched real estate insight into thousands of North American cities.  We know that home buying remains a deeply personal lifestyle decision, and we believe that reports like this, along with trusted real estate agents, will help to today’s buyers make smart decisions.”

Chris Mygatt, president of Coldwell Banker Colorado, said his company's ranking of market areas is a valuable resource for prospective buyers.

Highlights of Colorado and the report include:

  • A total of 28 real estate markets in Colorado made the list.  The five most expensive markets in the state included: Evergreen, Boulder, Durango, Broomfield and Golden.
  • Compared to the national average of $293,251, the average four-bedroom, two-bathroom home in Colorado overall was $357,556.
  • A $200,000 30-year-fixed mortgage at a 4.5% rate could cost a buyer a relatively low monthly mortgage payment of just above $1,000.
  • In total, there are 775 U.S. markets in the HLR with average reported listing prices less than $200,000.

To see what is available for sale in Evergreen, please visit this COhomefinder.com link.

To see what is available for sale in Pueblo, please visit this COhomefinder.com link.

MarketAverage PriceHome Listing Report Rank
Colorado Springs$222,9381019
Commerce City$242,9761183
Grand Junction$292,1041510
Castle Rock$347,7751714
Fort Collins$381,1881826
Highlands Ranch$392,7421860



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John Rebchook

John Rebchook has more than 30 years of experience in writing and communications. As the Real Estate Editor for the Rocky Mountain News, he wrote about residential and commercial real estate for 26 years. He has won numerous awards for business stories and columns that he wrote, both as an individual and part of teams. In addition to real estate, he also covered economic development, banking and financing, the airlines, and cable TV for the Rocky. In addition, he was one of the original freelance writers for GlobeSt.com, covering commercial real estate for the Internet publication.

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