The 2012 Home Listing Report compares the average home listing price of more than 72,000 four-bedroom, two-bathroom properties listed on coldwellbanker.com between January and June 2012.

Of the 48 markets surveyed in Virginia, Arlington topped the list. Here, the average price of a four-bedroom, two-bathroom home was $678,486. Northern Virginia certainly isn’t a stranger to high home prices. Vienna, Alexandria, Ashburn and Fairfax rounded out the top five in the Coldwell Banker report.

On the other end of the spectrum, Danville was ranked most affordable in Virginia. There, the average price of a comparable home was $153,957.

Nationally, the five most expensive markets were all in California — four in the San Francisco Bay area. Los Altos, Calif., is the most expensive market in the country, according to the report. The average listing there? $1,706,688.

Of 2,479 markets surveyed nationally, Arlington ranked 85th most expensive.

The most affordable market in the country is Redford, Mich., where a comparable piece of property goes for $60,490.

The average listing price of a four-bedroom, two-bathroom home in the United States is $292,152, according to the report.

Coastal states are home to the majority of the country’s most expensive markets, the report states.

Article source: http://arlington-va.patch.com/articles/report-arlington-real-estate-market-the-most-expensive-in-virginia

The 2012 report compares the average home listing price of more than 72,000 four-bedroom, two-bathroom properties listed on coldwellbanker.com between January and June 2012. The average home price in Vienna area came in at $668,317.

Arlington topped the list with an average price of $678,486. Behind it was Alexandria at $587,716, according to the report. The least-expensive market in the state was in Danville, with an average home price of $153,957.

Nationally, the most expensive state-level market was Hawaii, with an average home price of $742,551, followed by Massachusetts and California. The least expensive statewide home market averages were Nebraska, Iowa and Georgia.

Nationally, the most expensive market was Los Altos, Calif., where the average price listing of a four-bedroom, two-bathroom home was $1.7 million. The report noted the Los Altos market is within 15 minutes of Google, Apple, Facebook and Stanford University, highlighting the success of the technology industry.

“The success of many of our native tech companies has shined a spotlight on Silicon Valley and our real estate market in the San Francisco Bay Area,” said Rick Turley, president of Coldwell Banker Residential Brokerage in the San Francisco Bay Area, in a press statement. “Listing prices in our market are a product of ongoing high demand, projected population growth and the low inventory levels of homes in what is one of the most desirable locations to live.”

The most affordable market this year is Redford, Mich., where a four-bedroom, two-bathroom home is listed at $60,490.

Read the full report here.

Article source: http://vienna.patch.com/articles/report-vienna-second-most-expensive-home-market-in-state

PARSIPPANY, N.J.

November 28, 2012
5:43am

•  The difference between Silicon Valley and the Central Valley

•  “A product of ongoing high demand, projected population growth and the low inventory levels”

What’s the difference between living in Los Altos in Silicon Valley and Delhi in the Central Valley?

Just $1,583,834.

That’s the difference in the median prices of homes in the two cities that are just 112 miles apart, according to a new report Wednesday from Coldwell Banker Real Estate LLC, which is listing the media prices it has found in 2,500 markets.

Several of the nation’s most expensive real estate markets are in Northern California, it says. Google, Apple, Facebook and Stanford University are all located within 15 minutes of this year’s most expensive market, Los Altos, where the average listing price of a four-bedroom, two-bathroom home is $1,706,688.

“The success of many of our native tech companies has shined a spotlight on Silicon Valley and our real estate market in the San Francisco Bay Area,” says Rick Turley, president of Coldwell Banker Residential Brokerage in the San Francisco Bay Area. “Listing prices in our market are a product of ongoing high demand, projected population growth and the low inventory levels of homes in what is one of the most desirable locations to live.”

Lowest median in the Central Valley is in Delhi in Stanislaus County where the money that fell off the table in Los Altos might buy a four-bedroom, two-bath home: $122,854.

In contrast, the most affordable market this year is Redford, Mich., where a similar home, four-bedrooms, two-bathrooms, is listed at $60,490 — a listing price difference of more than $1.6 million from Los Altos. In fact, says the report, 28 homes could be purchased in Redford for the price of a similar home in Los Altos.

Overall, the report found the average listing price of a four-bedroom, two-bathroom home in the U.S. to be $292,152. Affordability remains strong in many markets across the country as 36 percent of the markets analyzed by the report had an average home listing price of less than $200,000 for four-bedroom, two-bathroom homes.

The five most expensive markets are all in California, with four in the San Francisco Bay Area. Los Altos tops the list, followed by Newport Beach ($1,658,000), Saratoga ($1,582,434), Menlo Park ($1,506,909) and Palo Alto ($1,495,364). But even with these high priced markets, California was not the most expensive state. The average listing price of a four-bedroom, two-bathroom home in California ($431,625) is less than both Hawaii ($742,551) and Massachusetts ($489,063).

Article source: http://www.centralvalleybusinesstimes.com/stories/001/?ID=22378

The initiative will market Coldwell Banker Residential Brokerage listings here at home on a global basis through a combination of print and online advertising, targeted direct marketing, and other outreach efforts.

Additionally, the program will leverage Coldwell Banker Real Estate LLC’s extensive network of offices and sales associates throughout the Far East to find qualified buyers of local properties.

Homeowners in Asia have become the fastest-growing segment of offshore buyers for U.S. homes, according to recent industry figures. Buyers in China alone now represent 9 percent of the $41 billion spent annually by international buyers, according to the National Association of Realtors – nearly double the total just three years ago.

Chinese buyers now trail only Canadians as the top buyers of U.S. properties. India is tied with Mexico for third at 7 percent. For offshore buyers, California remains one of the top locations in the nation, according to NAR’s study.

“For a variety of reasons, buyers in Asia are increasingly looking to the U.S. in general and California and the Bay Area in particular when it comes to real estate investments,” said Anne Treacy Johnson, regional vice president of marketing for Coldwell Banker Residential Brokerage.

Affluent Chinese residents are facing increasing limitations from their government on purchasing real estate as China battles inflation and what the government and many investors fear might be a real estate bubble. Properties in the U.S., even in more expensive Silicon Valley communities, are considered relatively cheap compared to escalating property values in China.

“Given the strong international demand for our properties, it’s critical to reach Asian buyers with a very targeted and strategic marketing program in their home countries,” Johnson said. “Our goal is to put Coldwell Banker Residential Brokerage listings in front of the widest possible audience of affluent buyers from Asia.”

Coldwell Banker Residential Brokerage will be marketing the properties with extensive advertising in a host of influential global publications, including the Wall Street Journal Asian edition, Unique Homes magazine, Millionaire Asia, and Previews International Homes Estates.

The program also gives agents the opportunity to showcase their properties on leading international websites, including ListGlobally.com, EastWestLuxuryEstates.com, the Wall Street Journal’s online Chinese edition and Caimeiju, one of China’s top websites specializing in luxury properties in America. In all, listings will be exposed to more than 15 million buyers worldwide on more than 550 highly trafficked websites.

Additionally, Coldwell Banker Residential Brokerage has launched its own “micro site” for international buyers of high-end California homes called CBPCalifornia.com. The site will be used when consumers in China, Russia and the Middle East search for California listings using their native search engine — Baidu, (the Chinese version of Google), Yande (the Russian version of Google), and Google UAE.

The company will complement the Internet and print advertising efforts with a direct marketing program overseas that is designed to reach more than 100,000 affluent individuals in the Europe, Asia and the Middle East.

Coldwell Banker Residential Brokerage will also leverage one of the largest networks of agents worldwide as part of the program. “One of the biggest tools we will be using is our global network of 86,000 sales associates in 3,200 offices in 49 countries around the globe,” Johnson said. “This incomparable network of real estate professionals will support our marketing efforts on the ground in each of these countries and give our listings a truly global reach in order to attract the right buyers for our properties.”

For more information about the new international marketing program, please contact Coldwell Banker Residential Brokerage’s marketing department at 925.275.3085.

About Coldwell Banker Residential Brokerage
Coldwell Banker Residential Brokerage is the largest residential real estate brokerage in Northern California and serves the markets from Monterey to Tahoe and nearly every market in between. The company has 62 office locations and more than 3,600 sales associates throughout Northern California. Coldwell Banker Residential Brokerage is part of NRT LLC, the nation’s largest residential real estate brokerage company. NRT has 750 offices and 45,000 sales associates operating in more than 35 major metropolitan areas. A subsidiary of Realogy Corporation, NRT operates Realogy’s company-owned real estate brokerage offices. For more information please visit www.CaliforniaMoves.com or call 925.275.3085. DRE # 00313415.

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Article source: http://www.pr.com/press-release/381725

San Francisco, CA (PRWEB) November 14, 2011

Paige Gienger, a San Francisco real estate agent for Coldwell Banker Residential Brokerage, has recently come across a gem of a neighborhood in San Francisco. This well-kept secret is the Merced Heights neighborhood and it is built on the hillside in the southwest corner of San Francisco, tucked to the north of Ingleside Heights and south of Ingleside Terrace. At an elevation of 500 feet, the Shields Orizaba Rocky Outcrop caps the summit of Merced Heights and is a great location to watch the sun set over the Pacific Ocean.

“What is special about Merced Heights? Numerous obvious and unknown attributes,” says Gienger. “Comprised of single family homes with backyards and many with ocean views, the homeowners in Merced Heights have a true pride in ownership and this is evident with a high homeownership rate and historically low home turnover rates.”

The neighborhood has the feeling of being in suburbia, but has easy access into the heart of the city. It is bordered by Junipero Serra Boulevard on the west, Holloway Avenue on the north, Ashton on the east, and Shields Street to the south.

Following the Ingleside Terrace’s design, to specifically not have a commercial business district, the cafes and shopping abounds on nearby Ocean Avenue, with a new Whole Foods currently under construction. The neighborhood is close to Stonestown Shopping Center and West Portal shops, restaurants and theater. A San Francisco public library is located on Ocean Avenue, and there are several public parks; Lakeview Ashton Mini Park, Brooks Park is at the end of Arch Street, and Merced Heights Playground located on Byxbee Street.

The community is awash in bicycle riders, dog walkers, runners and folks just taking a stroll. It has a one acre community garden, a designated Tai Chi recreation area, the San Francisco Zoo within a short drive, and several beaches close by.

The climate is a mix of fog and sun and tends to be several degrees warmer than the Sunset and Richmond Districts. Transportation abounds with 280 Interstate and 19th Avenue arteries, allowing for easy access to Muni trains and Balboa and Daly City BART stations.

Gienger is listing a home at 560 Arch Street at Holloway Avenue in Merced Heights. The San Francisco home is on the market for the first time since the 1960s and features gorgeous period details, exotic wood built-ins and moldings and hardwood floors. The main level features two bedrooms and one bathroom. An additional bonus bedroom and bathroom are situated on the lower level of the home. The living room is adorned with a fireplace, vintage tile surround and flanked with bookshelves for cozy feel. The kitchen has an eat-in area and newer stainless steel gas oven and range. The home also includes a one-car garage and spacious fenced yard.

For more information about Gienger, to view her current listings or to contact her to sell a house in San Francisco, call her at 415-692-5623 or visit her on the web at www.ontherightpaige-sf.com.

About Paige Gienger

Born and raised in the Silicon Valley, San Francisco real estate agent Paige Gienger is a proud life-long resident of the Bay Area and is familiar with all of San Francisco’s desirable residential neighborhoods. Gienger is a San Francisco homeowner and 21-year resident with concern and commitment to the community she serves.

Within the Gienger Family, real estate expertise comes naturally. Her mother is a top producing Coldwell Banker Agent. Working in her mother’s thriving business, she rapidly acquired inside knowledge and proven actions for sales success.

Gienger’s personable and professional style is the winning combination that has earned her a stellar reputation during her twelve years of helping clients buy and sell homes. Gienger’s personal philosophy is that customer service and satisfaction always comes first. She ensures an enjoyable real estate experience by incorporating her intimate knowledge of Bay Area communities and attention to detail while navigating through current San Francisco real estate market hurdles.

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For the original version on PRWeb visit: www.prweb.com/releases/prwebreal-estate/san-francisco/prweb8959339.htm

Article source: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/11/14/prweb8959339.DTL