March Madness – Home Affordability BracketMarch 21, 2011
March Madness is finally here. At Coldwell Banker we love our college towns, and those locales with teams in the Big Dance are abuzz right now with tournament fever.
While everyone rushes to fill out their brackets, Coldwell Banker for the second straight year is giving you the Bracket of Affordability. This bracket fills out the projected tournament winner by advancing the school that resides in the most affordable real estate market according to the median price for homes that are currently on the market that appear on coldwellbanker.com.
Last year, the Coldwell Banker Bracket of Affordability picked Syracuse as its tournament champ, and this year we have another great shot at picking the right winner with Kansas ending up as the overall champ. Lawrence, Kansas has the most affordable real estate market of the tournament field with a media home price of $106,855.
On the opposite end of the spectrum, UC-Santa Barbara boasts the most expensive college market with a median price of $2.7 million. The final four includes Indiana St. ($127,212), Florida ($108,873), and Memphis ($111,650).
We’ll be tracking the success of the Coldwell Banker Bracket of Affordability throughout the tournament to see just how accurate the picks are. Find out more about how affordable college markets are by checking out the College Home Listing Report on coldwellbanker.com.
…courtesy of Coldwell Banker