Report: Commack Among Least Affordable Housing Markets in U.S.

A Home Listing Report by Coldwell Banker Real Estate’s Home Listing Report released June 8 reveals Commack ranked as the 218th least affordable market in the country and 24th most expensive in New York State. 

The report, which covered 2,319 communities nationwide, detailed the average home listing prices for four-bedroom, two-bathroom properties listed on coldwellbanker.com between September 2010 and March 2011. Markets included in the report were limited to those with at least 10 properties fitting the aforementioned criteria within the timeframe.

Commack's four-bedroom, two-bathroom properties were listed for an average of $516,100.

California is home to 14 of the top 20 priciest, including Newport Beach, which topped the most expensive list with an average propery listing of more than $2.5 million.

According to the survey, the most affordable community in the country is Niagara Falls, with properties listing at an average price of $60,820. Long Island doesn’t appear on the list until 1,118 where Mastic has lists an average of $235,312.

Coldwell Banker CEO Jim Gillespie called it “most in-depth local market source of data” ever released by the agency.

“We know that home buying remains a deeply personal lifestyle decision, and we believe that reports like this, along with trusted real estate agents, will help to today’s buyers make smart decisions,” Gillespie said.

Read the complete report here.