…Speaking of real estate prices (see yesterday’s post), real estate professionals have always said that one of the key factors in a home’s price is location. Still, since most people spend most of their time in only one location, this fact can be hard to grasp. Well, Coldwell Banker recently released a study of the cost of an average four bedroom “move up” home in different locations around the country. The numbers are striking. They range from $112,675 in Grayling, Michigan to $2,125,000 in La Jolla, California. Talk about hard to grasp! Talk about location, location, location! This compares physically similar 2,200 square foot, 4 bedroom homes! You can see the press release HERE which includes charts of many of the locations studied and a link to all the data.
If you’d like to see how the value of your home compares to other locations, you can do that with Coldwell Banker’s Home Price Comparison Index tool HERE. It’s a pretty cool tool. You ought to check it out. If you’re planning to move from your current area, this can be very useful to get an idea of what you’ll have to pay for a similar home.
![Po - [Explored]](http://static.flickr.com/7225/7260527994_23e4e5f04b_t.jpg "Po - [Explored]")
