New Hope ranked #1 in Pennsylvania for home values

Realtor Coldwell Banker this week released its annual ranking of residential market values in the United States, and New Hope took the number one spot in Pennsylvania with an average home price of about $600,000.

According to the 2013 Home Listing Report, an “apples-to-apples comparison” of four-bedroom, two-bathroom homes in more than 1,900 real estate markets across the United States, Malibu was the most expensive place to live. A sample-sized home in the affluent beach community lists for $2.15 million, compared to $63,729 in Cleveland, Ohio.  In fact, California claims 13 of the 25 spots on the most expensive list.

In Pennsylvania, the top market was New Hope, while two nearby towns, Newtown and Yardley, ranked second and third.