Thursday, December 24, 2009

Home For The Holidays!

In this, the age of "transparency", I thought it appropriate to capitalize on the rampant commercialism that has become Christmas. Is this video a parody, a shameless plug or, just maybe, is it the truth?

You be the judge:

video

Merry Christmas,

Father Christmas

Wednesday, December 16, 2009

November's Numbers for Real Estate in Toms River, NJ!



Photo Credit

Monthly Real Estate Market Report for Toms River, NJ – November 2009
November by the numbers:

• 68 The number of Single Family Homes CLOSED during the month

• $322,726 Average LIST price for November*

• $303,988 Average SALES price for the month*

• 87 Average DAYS ON the MARKET for November

• 94.19% The SALES price to LIST price RATIO for the month

• 714 Number of Single Family Homes ACTIVE on the market in November

• 10.50 Number of MONTHS it would take to SELL OFF the existing supply of homes on the market, in Toms River, at this rate, if NONE were to come on the market!

November 2009, saw 68 Single Family Homes CLOSE in Toms River, as compared with 47 in October of 2008. THIS MARKS THE FIFTH MONTH IN A ROW; WHERE SALES HAVE SURPASSED THE SAME MONTH OF THE PREVIOUS YEAR! Of those 68 homes, 33 were in the price range of $200,000 to $299,999 (48%). Combined with the CLOSINGS from the First 3 Quarters of 2009, this represents an INCREASE in SALES of 49%, in this particular price range, over the same time last year!

*These averages include Single Family Homes from the beach communities of Ortley, Normandy and Ocean, etc.

Wednesday, November 25, 2009

A Brief History of Thanksgiving, as told by Jim Flanagan

I was inspired to create the video below by an e-mail I received this morning. Here, in their entirety, are both the e-mail and the video. Enjoy and Happy Thanksgiving!
Good Morning! It is now Thanksgiving week, and every year I struggle to find the right words to express my gratitude and appreciation for your support and hard work. I think most of you would agree, as 2009 has evolved, it has turned out to be one tough year! I wonder how it would compare to the challenges faced by our forefathers as they began to shape our country. It has been nearly four centuries since the Pilgrims survived their first winter at Plymouth. As it is told, that first winter was brutal—nothing like anything they had ever experienced before. But they prevailed with the resiliency that Americans have demonstrated time and time again In so many wonderful ways, we come together at this time to cherish what unites us. As we sit down to our Thanksgiving Day meal, we must remember that not everyone will be with their family and loved ones this Thanksgiving. We have the men and women of our armed services, who have given up their holidays and time with their families to make sure we can safely be with ours. My sincere thanks to each of you, and your families for their support of your efforts. Coldwell Banker thrives because we have the best people, with a common set of values, working to make a difference in people’s lives. As you gather with your family and friends, I hope you will find many blessings for which to be thankful.
Warm wishes for a Blessed and Happy Thanksgiving! P.Dawn Covahey Executive Business Consultant| Coldwell Banker Real Estate LLC
video

Tuesday, November 10, 2009

Tis the Season to get a Tax Credit!

On November 6th, 2009, President Obama signed, into law, legislation extending and expanding the Homebuyer Tax Credit.

What does this mean for "First Time Home Buyers"?

What does this mean for "Move Up" Buyers?

Let's see, shall we:

video

Friday, November 6, 2009

October Marks 4 Consecutive Months of Increased Home Sales in Toms River, NJ!



Monthly Real Estate Market Report for Toms River, NJ – October 2009

October by the numbers:

• 70 The number of Single Family Homes CLOSED during the month

• $382,092 Average LIST price for October*

• $356,125 Average SALES price for the month*

• 120 Average DAYS ON the MARKET for October

• 93.20% The SALES price to LIST price RATIO for the month

• 737 Number of Single Family Homes ACTIVE on the market in October

• 10.52 Number of MONTHS it would take to SELL OFF the existing supply of homes on the market, in Toms River, at this rate, if NONE were to come on the market!

October 2009, saw 70 Single Family Homes CLOSE in Toms River, as compared with 58 in October of 2008. THIS MARKS THE FOURTH MONTH IN A ROW; WHERE SALES HAVE SURPASSED THE SAME MONTH OF THE PREVIOUS YEAR! Of those 70 homes, 28 were in the price range of $200,000 to $299,999 (40%). Combined with the CLOSINGS from the First 3 Quarters of 2009, this represents an INCREASE in SALES of 41%, in this particular price range, over the same time last year!

*These averages include Single Family Homes from the beach communities of Ortley, Normandy and Ocean, etc.

Thursday, November 5, 2009

Tax Credit Extended!

News Release


 

NATIONAL ASSOCIATION OF REALTORSÒ

The Voice For Real Estate®


 

500 New Jersey Avenue, NW

Washington DC 20001 


 

PUBLIC AFFAIRS


 

For further information contact:

Lucien Salvant, 202/383-1176

lsalvant@realtors.org


 

Tax Credit Extension a Positive Step Toward Sustained Real Estate Recovery, Say Realtors®


 

WASHINGTON (November 5, 2009) – The National Association of Realtors® today commended the U.S. Senate and House of Representatives for passing a bill that includes an extension and expansion of the current home buyer tax credit as an important step in ensuring a real estate and economic recovery.

"RealtorsÒ
appreciate the swift action by Congress to extend the home buyer tax credit and expand it to some current homeowners," said NAR President Charles McMillan, a broker with Coldwell Banker Residential Real Estate in Dallas-Fort Worth. "As the leading advocate of housing and real estate issues, we urge President Obama to sign this legislation into law quickly to keep the momentum going in the fragile recovery of the nation's housing market."

McMillan praised the efforts of several senators to put the recovery above politics. They are Sen. Johnny Isakson, (R-Ga.); Senate Majority Leader Harry Reid (D-Nev.); Finance Committee Chairman Max Baucus (D-Mont.); Sen. Chris Dodd (D-Conn.), chairman of the Banking, Housing and Urban Affairs Committee; and Sen. Joe Lieberman (I-Conn.), chairman of the Homeland Security and Governmental Affairs Committee.

NAR economists estimate that the current tax credit has contributed approximately $22 billion to the general economy, and approximately 2 million people will take advantage of the tax credit this year.

"The substantial rise in home sales we've seen over the past few months proves that the tax credit is working and is being used by buyers who were waiting for the right opportunity to get into the market," McMillan said. "This important incentive is helping to stabilize the housing market, stimulate the economy and create new jobs in communities all across our great nation. Extending and expanding the home buyer tax credit will enable even more families to take advantage of current low interest rates and affordable prices to invest in their future through homeownership."


 

    -more-     #129    Tax Credit Extension a Positive Step – add 1

The bill would extend the present $8,000 tax credit for first-time home buyers through April 30, 2010. Current homeowners are eligible for a $6,500 tax credit through April 30, provided they have lived in the home they are selling, or have sold, as principal residence for five consecutive years in the past eight years. If potential home buyers have a binding contract on or before that date, they will have until July 1 to close the transaction.

Income limits for eligible home buyers are expanded to $125,000 for single buyers and $225,000 for couples. The purchase price of the home cannot exceed $800,000. To help guard against fraud, buyers are required to attach documentation of purchase to their tax return.

Detailed information about provisions in the tax credit legislation is available on Realtor.org.

The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1.2 million members involved in all aspects of the residential and commercial real estate industries.

# # #                                    

Information about NAR is available at www.realtor.org. This and other news releases are posted in the News Media section.

Friday, October 30, 2009

Senate Makes Tentative Agreement to Extend and Expand Tax Credit

Here's the latest from NJAR (New Jersey Association of Realtors):

Within the past 72 hours, some misinformation regarding the extension and expansion of the first-time home buyer tax credit has been disseminated through various media outlets. As of today, no formal bill regarding an amended tax credit program has been passed. On Wednesday, October 28, 2009, Senate leaders reached a tentative agreement to extend and expand the federal first-time home buyers' tax credit originally set to expire November 30. While the method for passage remains uncertain, the deal would extend the $8,000 credit for first-time buyers until April 30, by which point they must have sales agreements in hand. These buyers would have until June 30, however, to go to settlement. The agreement would also provide a $6,500 credit for current homeowners who purchase a new residence in this time frame. To qualify, the homeowners must have lived in their primary residence for five continuous years. Qualifying income limits would also be raised to $125,000 for single taxpayers and $250,000 for joint taxpayers, from the current $75,000 and $150,000.

The Senate has not yet agreed whether the extension will be put up for a vote as its own bill or in conjunction with other legislation. Once it passes the Senate, the measure must be voted on by the House and signed into law by President Obama. Stay tuned to www.njar.com and the Week in Review e-newsletter for further developments. Until then, NJAR® continues to urge its members to respond to the NATIONAL ASSOCIATION OF REALTORS® (NAR) Call for Action (CFA) if they have not already done so.

On Monday, October 26, 2009, shortly before the tax credit deal was made in the Senate, NJAR® joined Congressman Leonard Lance (NJ-07) at a press conference in support of the extension and expansion of the federal first-time home buyer tax credit for residents across the state through 2010. Earlier this month, Lance introduced the Homebuyer Tax Credit Fairness Act (H.R. 2779) which would specifically extend and expand the popular tax credit from $8,000 to $15,000 through December 1, 2010, and open it to all people buying a primary residence regardless of income or past homeownership. For more on the press conference, view the press release and read the Asbury Park Press and NJ 101.5 news pieces on the NJAR® “In the News” page.

Friday, October 9, 2009

2009 Home Price Comparison Index



 


 

For Greater National Perspective on Real Estate Trends & Home Values

and/or to Obtain Local Market Interviews:


 

David Siroty     Heather Roberts    Kathleen Reynolds

Coldwell Banker Real Estate LLC    Coldwell Banker Real Estate LLC    CooperKatz & Co.

973.407.7199    973.407.5590    917.595.3031    

David.Siroty@coldwellbanker.com    Heather.Roberts@coldwellbanker.com    kreynolds@cooperkatz.com


 


 


 

COLDWELL BANKER REAL ESTATE RELEASES ANNUAL HOME PRICE COMPARISON INDEX FOR united states and SELECT international MARKETS


 

$2 Million Difference Between Four-Bedroom Homes In Most Expensive Market of La Jolla, Calif., and Most Affordable Market, Grayling, Mich.


 

Singapore Tops International List as Most Expensive Foreign Market; Salinas, Ecuador Most Affordable


 


 

PARSIPPANY, N.J. (Sept. 23, 2009) – The 2009 Coldwell Banker®
Home Price Comparison Index (HPCI) released today found a price gap of more than $2 million between the most expensive and most affordable U.S. housing markets. In the annual comparison of similar 2,200-square foot homes in 310 U.S. housing markets, La Jolla, Calif. led the list as the most expensive real estate market in the country with an average home price of $2,125,000. Grayling, Mich., also known as the "canoe capital of the world," ranked as the most affordable market in America, where a similarly sized home costs $112,675.


 

La Jolla was joined on the most expensive list by 13 other California markets while Grayling was one of 20 Midwest communities on the most affordable list. Internationally, Singapore was the most expensive market for the same type of home, $1.9 million U.S. dollars, compared with Salinas, Ecuador, which at $69,375 U.S. dollars was the most affordable studied international market.


 

Differing from most housing reports that compare median prices, the annual Coldwell Banker HPCI, provides an apples-to-apples comparison of similar 2,200 square foot, four-bedroom, two-and-a-half bath homes in the United States, Puerto Rico, Canada and a sampling of countries/territories outside of North America where Coldwell Banker Real Estate has a presence.


 

"While price differentials are interesting to compare, I am most intrigued with the affordability levels now seen across much of the nation," says Jim Gillespie, president and chief executive officer of Coldwell Banker Real Estate LLC. "The four-bedroom, two-and-a-half bath home is one we deem 'aspirational' and usually purchased by move-up buyers experiencing lifestyle changes. Thirty percent of the markets show this type of home to be below $200,000, illustrating the opportunity to take advantage of price declines, interest rate levels and increased selection of homes. Encouraging these move-up buyers back into the market is a crucial next step toward helping to rejuvenate the housing industry and the overall U.S. economy."


 


 


 

A "Snapshot" of U.S. Home Affordability

Offering a "snapshot" of affordability across the United States, the Coldwell Banker HPCI evaluates average home values for select 2,200 square foot single-family homes with four bedrooms, two-and-one-half baths.1 The cumulative average sales price of the four-bedroom homes surveyed in the 310 U.S. markets (including one in Puerto Rico) covered in the Coldwell Banker HPCI is $363,460.


 

Through the comprehensive HPCI section on the Coldwell Banker web site (http://hpci.coldwellbanker.com), prospective homebuyers and sellers can calculate what similar homes may be worth in other areas and gather preliminary intelligence about the affordability of housing from one market to another.


 

2009 Coldwell Banker
HPCI – Highlights and Top Market Lists


 

  • Affordable and Attractive: In addition to Grayling, Mich., the following are interesting tidbits about the other nine most affordable U.S. markets:
    • Akron, Ohio ($121,885), won the All-American City award three times and is birthplace to the ice cream cone
    • Fayetteville, N.C. ($130,875), a historic city known for its strong military ties
    • Canton, Ohio ($131,867), birthplace of American professional football and home to the NFL Pro Football Hall of Fame
    • Detroit, Michigan ($132,000), America's automotive manufacturing and Motown music hub
    • Arlington, Texas ($138,775), home to the Dallas Cowboys' new stadium which will host the 2011 Super Bowl XLV, and the Texas Rangers' Ballpark
    • Macon, Ga. ($139,007), hometown to many legendary soul and blues acts like Otis Redding, and home of the Georgia Music Hall of Fame
    • Eau Claire, Wis. ($141,270), which has been named one of the 100 Best Communities for Young People by America's Promise in the past
    • Port Charlotte, Fla. ($142,750), which is minutes away from the Gulf of Mexico and setting to some of the country's best sunset views
    • Wichita, Kans. ($144,625), home to more than 30 museums and a haven for art-lovers, theatre-goers and golfers alike


 

  • Low Cost to Homeownership: In total, there are 84 U.S. markets in which the sample home price averages under $200,000. The monthly mortgage cost for homes in this price range could average less than $600, and down payments could amount to less than $4,000.


 

  • Luxury Living: La Jolla, Calif. heads the list as the most expensive real estate market in the country ($2,125,000), beating out its California neighbor Beverly Hills, where the average home costs $1,981,750. Greenwich, Conn., whose average price of $1,519,250 places it as the most expensive market on the East coast, followed by Boston at No. 7 overall. In total, 11 U.S. markets exceeded the $1 million average price for the surveyed home. Note: Manhattan in New York City was not included in the study because of the lack of comparable single-family homes.


 

  • On Average: The overall national average price of homes in the 2009 Coldwell Banker HPCI is $363,401.


 

  • Canadian Prices Reach Record Levels: Canada's brief market downturn is over, with record prices now seen throughout the resurgent market. Vancouver, BC leads the hot-again west coast at $1.17 million U.S. dollars for the studied home, nearly double that of nearby Burnaby BC at $611,243. Boomtown Fort McMurray at $593,340 surpasses Calgary as Alberta's most expensive market. Canada's largest city, Toronto, Ontario comes in at $766,643, while Charlottetown PEI remains the country's most affordable market, priced at $147,560 U.S. dollars.


 


 

  • Most Expensive Internationally: The most expensive market outside the United States is Singapore, where an HPCI subject home averages $1.9 million U.S. dollars, ten percent lower than La Jolla. Coldwell Banker Real Estate compared a total of 57 markets in 29 countries outside of the United States, with those international home prices averaging $487,844 in U.S. dollars.


 


 

TABLE 1

The top 10 most expensive and most affordable surveyed U.S. markets overall in 2009 are:

Rank 

Most Expensive 

2009 Avg. Sales Price 

 

Most Affordable 

2009 Avg. Sales Price 

1 

La Jolla, Calif.

$2,125,000  

 

Grayling, Mich.

$112,675

2 

Beverly Hills, Calif.

$1,981,750

 

Akron, Ohio

$121,885

3 

Greenwich, Conn.

$1,519,250  

 

Fayetteville, N.C.

$130,875

4 

Palo Alto, Calif.

$1,489,726  

 

Canton, Ohio

$131,867

5 

Santa Monica, Calif.

$1,460,912  

 

Detroit, Mich.

$132,000

6 

San Francisco, Calif.

$1,363,250  

 

Arlington, Texas

$138,775  

7 

Boston, Mass.

$1,337,578  

 

Macon, Ga.

$139,007  

8 

Newport Beach, Calif.

$1,315,505  

 

Eau Claire, Wis.

$141,270

9 

Palos Verdes, Calif.

$1,237,041  

 

Port Charlotte, Fla.

$142,750

10 

San Mateo, Calif.

$1,090,000  

 

Wichita, Kans.

$144,625


 

TABLE 2

The most expensive and most affordable surveyed U.S. markets within each state in 2009 are:


 

State

  

Most Expensive

  

2009 Avg.

Sales Price 

 
 

  

Most

Affordable

  

2009 Avg.

Sales

Price 

Variance

ALASKA 

Juneau 

$375,667  

  

Anchorage 

$339,311

$36,356 

ALABAMA 

Huntsville 

$267,314  

  

Mobile 

$183,696  

$83,618

ARIZONA 

Flagstaff 

$385,057  

  

Phoenix 

$199,111

$213,373

ARKANSAS 

Fayetteville 

$216,125  

  

Little Rock 

$171,684

$44,441

CALIFORNIA 

La Jolla 

$2,125,000  

  

Lancaster 

$165,205  

$1,959,795

COLORADO 

Boulder 

$622,000  

  

Colorado Springs 

$200,002  

$421,998

CONNECTICUT 

Greenwich 

$1,519,250  

  

West Hartford 

$354,375  

$1,164,875

DELAWARE 

Wilmington*

 

$376,250  

FLORIDA 

Key West 

$815,750  

  

Port Charlotte

$142,750

$673,000

GEORGIA

Atlanta 

$287,250  

  

Macon 

$139,007  

$148,243

HAWAII 

Honolulu 

$712,500  

  

Kihei Maui 

$540,044  

$172,456

IDAHO 

Boise 

$215,432  

  

Coeur d'Alene 

$204,518  

$10,914

ILLINOIS 

Chicago 

$768,333  

  

Joliet

$176,536

$591,797

INDIANA 

Munster 

$336,000  

  

Muncie

$144,996  

$191,004

IOWA 

Des Moines 

$221,625  

  

Sioux City 

$150,060  

$71,565

KANSAS 

Overland Park 

$230,317  

  

Wichita 

$144,625  

$85,692

KENTUCKY 

Florence 

$212,720  

  

Lexington 

$188,017  

$24,703

LOUISIANA 

New Orleans 

$255,066  

  

Lafayette 

$194,939

$60,127

MAINE 

Portland 

$310,500  

  

Lewiston 

$212,250  

$98,250

MARYLAND 

Bethesda 

$759,664  

  

Hagerstown 

$237,946  

$521,718

MASSACHUSETTS 

Boston 

$1,337,578  

  

Worcester 

$242,769  

$1,094,809

MICHIGAN 

Mount Pleasant

$195,014

  

Grayling

$112,675

$82,339

MINNESOTA 

Edina 

$392,647  

  

Rochester 

$191,982  

$200,665

MISSISSIPPI 

Jackson 

$238,000  

  

Gulfport/Biloxi 

$186,500  

$51,500

MISSOURI 

St. Louis 

$228,852  

  

Springfield 

$156,225  

$72,627

MONTANA 

Bozeman 

$297,488

  

Great Falls 

$151,100  

$146,388

NEBRASKA 

Kearney 

$212,100  

  

Norfolk 

$187,350  

$24,750

NEVADA 

Reno 

$272,309  

  

Las Vegas 

$213,120  

$59,189

NEW HAMPSHIRE 

Hanover

$555,222

  

Nashua 

$281,250  

$273,972

NEW JERSEY 

Ridgewood 

$801,250  

  

Haddon Heights 

$238,448  

$562,802

NEW MEXICO 

Santa Fe

$362,602  

  

Albuquerque 

$215,059  

$147,543

NEW YORK 

Queens

$793,500

  

Syracuse 

$171,711 

$621,789

NORTH CAROLINA  

Winston-Salem 

$279,241  

  

Fayetteville 

$113,701 

$165,540

NORTH DAKOTA 

Fargo 

$224,426  

  

Minot 

$157,167 

$67,259

OHIO 

Columbus

$307,250  

  

Akron 

$121,885 

$185,365

OKLAHOMA 

Oklahoma City 

$164,250  

  

Tulsa 

$154,800 

$9,450

OREGON 

Salem 

$335,840  

  

Medford 

$276,367 

$59,473

PENNSYLVANIA 

Philadelphia 

$472,396 

  

Erie 

$206,500  

$266,193

RHODE ISLAND 

Providence*

 

 $290,217  

SOUTH CAROLINA

Charleston 

$338,726  

  

Myrtle Beach 

$188,123  

$150,123

TENNESSEE 

Nashville 

$235,336 

  

Chattanooga 

$161,975 

$73,661

TEXAS 

Dallas 

$332,375 

  

Arlington 

$138,775  

$193,600

UTAH 

Salt Lake City 

$291,152  

  

Provo 

$213,000  

$78,152

VERMONT 

Burlington

$352,000  

  

Rutland 

$237,600

$114,400

VIRGINIA 

Vienna 

$645,946  

  

Winchester 

$209,750  

$436,196

WASHINGTON 

Bellevue 

$781,825  

  

Tri-Cities 

$224,475  

$557,350

WEST VIRGINIA 

Charleston 

$203,528 

  

Parkersburg 

$155,000 

$48,528

WISCONSIN 

Madison

$298,000

  

Eau Claire

$141,270

$156,730


 

The 2009 average price in the District of Columbia:


 

DISTRICT OF COLUMBIA 

$642,962 *


 


 


 


 


 

The 2009 average price in the Commonwealth of Puerto Rico:


 

PUERTO RICO 

$311,750 *


 

*Only one market included in the study.


 

TABLE 3

The most expensive and most affordable markets (in U.S. dollars2) within selected provinces/territories in Canada
are:


 

Province/Territory 

Most Expensive 

2009 Avg. Sales Price

  

Most Affordable 

2009 Avg. Sales Price

Variance  

ALBERTA 

Fort McMurray

$593,340

  

Edmonton  

$401,993

$191,347

BRITISH COLUMBIA 

Vancouver 

$1,174,241

  

Burnaby 

$611,243

$562,998

MANITOBA 

Winnipeg $363,042*

NEW BRUNSWICK 

Moncton $256,843 *

NEWFOUNDLAND 

St. John's $324,338*

NOVA SCOTIA 

Halifax $257,891*

ONTARIO 

Toronto  

$766,643

  

Brantford 

$222,968

$543,675

PRINCE EDWARD ISLAND

Charlottetown $147,560 *

QUEBEC 

Montreal $436,403 *

SASKATCHEWAN 

Saskatoon $355,237*

YUKON 

Whitehorse $341,775*

* Only one market included in the study.


 

TABLE 4

All surveyed international markets 2009:


 

Country  

Market

2009 Avg. Sales Price in U.S. $

ARUBA  

Aruba  

$ 314,000 

AUSTRALIA  

Brisbane  

$ 217,071 

BAHAMAS  

Nassau  

$ 458,906 

BELIZE  

San Pedro 

$ 244,300 

BERMUDA  

Hamilton  

$ 1,348,813 

CAYMAN ISLANDS

Cayman Islands  

$ 526,250 

CHINA  

Shanghai  

$ 1,386,750 

  

Chongqing  

$ 340,776 

COLOMBIA

Pereira  

$ 151,884 

  

Bogotá 

$ 182,926 

  

Cartagena  

$ 454,102 

COSTA RICA  

Escazu  

$ 293,750 

 

Heredia 

$ 265,000 

 

Jaco Beach 

$ 385,500 

 

San Jose 

$ 269,500 

ECUADOR

Guayaquil  

$ 101,250 

  

Samborondon

$ 154,250 

  

Salinas

$ 69,375

EGYPT  

Cairo  

$ 273,393

  

6th October 

$ 859,625

GUATEMALA  

Guatemala City>

$ 207,175

HONDURAS 

Roatan 

$ 299,500

 

San Pedro 

$ 220,000

 

Tegucigalpa 

$ 228,166

INDONESIA 

Bandung 

$ 112,367

 

South Jakarta 

$ 494,252

 

Tangerang 

$ 146,551

IRELAND  

Cork 

$ 534,360

  

Dublin  

$ 1,127,843

  

Galway 

$ 746,874

ITALY  

Florence  

$ 1,612,224 

  

Rome  

$ 1,261,740

  

Milan  

$ 1,636,758

LEBANON 

Beirut 

$ 512,000 

MEXICO 

Mexico City 

$ 207,020

  

Monterrey

$ 188,435

NICARAGUA 

Granada 

$ 239,750

 

Managua 

$ 221,000

PANAMA 

Panama City 

$ 239,750

ROMANIA  

Ploiesti  

$ 402,778

  

Brasov  

$ 300,764

  

Bucuresti 

$ 1,371,528

SINGAPORE  

Singapore  

$ 1,898,500

ST. CROIX  

Christiansted  

$ 602,500

TURKEY  

Istanbul

$ 669,000

  

Ankara  

$ 351,000

  

Gaziantep 

$ 173,500

  

Izmir  

$ 315,000

TURKS AND CAICOS 

Providenciales 

$ 872,225

UNITED ARAB EMIRATES 

Dubai  

$ 1,077,703

VENEZUELA 

Caracas 

$ 165,615

 

Maracaibo 

$ 118,461

 

Porlamar 

$ 151,653

VIETNAM  

Ho Chi Min City Dist 1

$ 341,099

  

Hanoi 

$ 166,470

  

DaNang 

$ 172,900


 

Methodology – 2009 Coldwell BankerÒ Home Price Comparison Index:

Coldwell Banker Real Estate LLC conducts its Home Price Comparison Index study by compiling survey data from Coldwell Banker offices throughout the United States, Puerto Rico, Canada and a sampling of other countries where the Coldwell Banker system has a market presence. Companies within the Coldwell Banker system submit data based on the average sales price of comparable listings through July 2009, a comparative market analysis of homes previously evaluated for the 2008 HPCI. The criteria for the HPCI subject home is: single-family dwelling, 2,200 square feet (approximately) four bedrooms, two and one-half baths, family room (or equivalent) and two-car garage in neighborhoods/zip codes within a market that is typical for corporate middle-management transferees.


 

About Coldwell Banker
Real Estate

Since 1906, the Coldwell Banker® organization has been a premier full-service real estate
provider. In 2008, Franchise Times magazine's prestigious Top 200 issue ranked the Coldwell Banker system No. 1 in real estate for the ninth straight year and 12th among franchisors in all industries. The Coldwell Banker System has approximately 3,500 residential real estate offices and approximately 100,000 sales associates in 47 countries and territories. The Coldwell Banker System is a leader in the industry in residential and commercial real estate, and in niche markets such as resort, new home and luxury property through its Coldwell Banker Previews International® division. It is a pioneer in consumer services with its Coldwell Banker Concierge® Service Program and award-winning Web site, www.coldwellbanker.com. Coldwell Banker Real Estate LLC is a subsidiary of Realogy Corporation, a global provider of real estate and relocation services. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. Each office is independently owned and operated.


 

1  2,200 square feet was the baseline figure used as size criteria for the HPCI subject homes. However, it is possible that in certain markets the size of the subject homes varied.


 

2 The Canadian dollar to U.S. dollar conversion rate was $.93. The date of conversion was 9/15, and http://www.bank-banque-canada.ca was used to convert the figures.

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