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Survey: Ashland homes most affordable

  • Associated Press
  • November 13, 2013 - 9:25 AM

MILWAUKEE — A new survey shows the most affordable homes in Wisconsin are in Ashland and the most expensive houses are in the Milwaukee suburb of Whitefish Bay.

Coldwell Banker Real Estate LLC said it used an "apples-to-apples" comparison of the average listing price of a four-bedroom, two-bath home in more than 1,900 markets across the country to determine affordability.

In Wisconsin, the average price for a home that size was $464,017 in Whitefish Bay and $104,774 in Ashland. Mequon was second-most expensive at $380,227, followed by Hudson, at $379,176. Hayward at $367,950 and Eagle River at $331,275 rounded out the top five markets.

Besides Ashland, the least expensive markets include Merrill at $141,206, Rhinelander at $139,917, Wisconsin Rapids at $135,205 and Richland Center at $134,182.

Nationally, the survey showed the most expensive four-bedroom, two-bath home nationally is in Malibu, Calif., where the average listing price is $2,155,900, the Milwaukee Journal Sentinel (http://bit.ly/1a1wz6d ) reported. The most affordable city for that type of house was in Cleveland at an average listing price of $63,729.

"As the country moves on from the recession, this year's report identified 20 markets where a four-bedroom, two-bathroom home costs more than $1 million, whereas in eight markets a similar home lists for less than $100,000," Budge Huskey, president and chief executive officer of Coldwell Banker Real Estate LLC, said in a statement.

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