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Thursday, September 28, 2006

Sticker shock in Wellesley

WELLESLEY

It won’t come as a shock to anyone who’s been house hunting in town lately, but Wellesley ranks as one of the nation’s most expensive places to buy a home, according to a new study.

The just-released 2006 Coldwell Banker Home Price Comparison Index compared the prices of similar upscale homes in markets around the country.

California boasts nine of the top 10 most expensive markets in the U.S., but Boston and Wellesley were noted as two of the priciest areas outside the Golden State with average sales prices of
$1.3 million and $1.2 million respectively, according
to the study.

Beverly Hills was ranked the most expensive housing market with an average sales price of $1.8 million. The most affordable market was Minot, N.D., where $132,333 will get you a very nice house.

-- Thomas Caywood

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