Hawaii is most expensive state for home buyers

Real estate company report says Hawaii is most expensive state for 4-bedroom, 2-bath home

Associated Press

HONOLULU (AP) -- A real estate company says the average four-bedroom, two-bathroom home is more expensive in Hawaii than any other state in the nation.

Coldwell Banker said Wednesday says the average listing for a house that size is more than $742,000 in Hawaii. That's well above Massachusetts, which ranked second with an average listing price just over $489,000.

The company's U.S. Home Listing Report analyzes the average listing price of four-bedroom, two-bathroom properties on coldwellbanker.com between January 2012 and June 2012.

Nebraska has the cheapest listings at about $145,000. Iowa and Georgia are the second and third most affordable states to buy a home.

Los Altos, Calif. in Silicon Valley has the priciest listings of any community in the nation, with an average of $1.7 million.

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