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Survey Puts Doral At Top In “Average” Florida Home Price

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(Source: CBS4)

(Source: CBS4)

MIAMI (CBSMiami) – A new survey of home prices based on comparing thousands of 4 bedroom, 2 bathroom homes in more that 2500 communities nationwide found that in Florida, the priciest homes surveyed were not in Coral Gables or Miami Beach, but in the city of Doral.

The survey is the annual Coldwell Banker Real Estate Home Listing report, and looked at 72 thousand homes in 2500 communities.

The average home used in the apples-to-apples survey cost almost half a million dollars in Doral, more than twice the state average and almost $200 thousand more than the national average.

If your budget is less pricey, you can save a lot of money and still live in Florida by choosing another city. In the city of Poinciana you could buy 6 homes for the price of one in Doral. The average survey home price there is $76 thousand.

In South Florida, Homestead ranks as the least expensive city. For a list of all surveyed cities, click here http://hlr.coldwellbanker.com/US2012/Florida.html

Nationwide,6 out of the 10 most expensive cities are in California, with Los Altos topping the nation. There, the average home surveyed is $1.7 million. Compare that to Redford, Michigan in the Detroit area. With an average price of $60 thousand, you coulld buy an entire neighborhood…28 homes…for the price of a single home in Los Altos.

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