Report ranks Washington among top 10 most expensive markets in country
SEATTLE - A new report comparing nearly 2,000 housing markets across the country ranks Washington the eighth most expensive state to live, with an average home price of $381,183.
On Wednesday, Coldwell Bank Real Estate released its 2013 Home Listing Report comparing 52,257 listings in 1,997 markets across the country and ranking them based on the average listing price of four-bedroom, two-bathroom homes.
In Washington, Mercer Island ranked first for most expensive market - with an average listing price at just under $1 million. Bellevue was second on the most expensive list, followed by Newcastle, Seattle and Woodinville.
In terms of most affordable cities in the state, the report put Spokane at the top of the list, with an average listing price for a four-bedroom, two-bathroom home at just under $170,000.
Overall, the small beach town of Malibu, California beat out all the other markets as the most expensive place to live in the United States.
Coldwell Banker came up with the findings after looking at the listing prices of four-bedroom, two-bathroom homes on its website from January 2013 to June 2013.
The full list of the most expensive and most affordable markets in Washington can be found here.