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| December 15, 2008 | Tampa, Fla., |   |
| Coldwell BankerŽ Ranks USF as One of the More Expensive College Towns in the Big East Conference | |
| As the college football season enters its most exciting time of the year, students and fans don school colors and cheer as their teams go helmet to helmet on the field. Celebrating this competitive spirit, especially as traditional rivals like Michigan and Ohio State played for the 105th time, Coldwell BankerŽ jumps into the fray. The real estate company released its own set of rankings outlining the most expensive and affordable college towns across America in its fourth annual College Home Price Comparison Index (HPCI), including Tampa.
This year, the fourth annual Coldwell Banker College HPCI found that Tampa is one of the more expensive college towns in the Big East Conference, with home prices in 2008 averaging $285,000. Tampa ranks comparably with other such college towns as Greenville, North Carolina and Auburn, Alabama. According to the study, the average price of a 2,220-foot, 4 bedroom 2˝ bath home with a family room and two car garage1 in Tuscaloosa, Alabama is $251,775 while the same home in Lubbock, Texas would cost $170,700. Meanwhile, Stanford University and the University of Akron are each frontrunners on different spectrums of the home price ranking, holding titles of the most expensive and most affordable college towns, respectively. An average home in Palo Alto, Calif., costs approximately $1.74 million while the same home in Akron, Ohio averages at $135,780 - a $1.6 million price difference. The Coldwell Banker College HPCI specifically examines the home market to the 119 Football Bowl Subdivision (I-A) schools. "Real estate in college towns such as Tampa can be a very smart investment, especially when the family's college student can live in the home," said Cathleen Smith, Regional Senior Vice President, Coldwell Banker Residential Real Estate, Tampa Bay. "Tampa has a population rich in diversity and offers elegant waterfront homes, condominiums, townhouses as well as traditional family living communities. School spirit draws many alumni back to Tampa and for others, continuing their education, pursuing jobs, enjoying culture and following college sports make Tampa ideal." 2008 Coldwell Banker College HPCI - Highlights & Interesting Facts
Click here for: The top 10 most affordable college markets for home prices in 2008 About Coldwell Banker Residential Real Estate:
Coldwell Banker Residential Real Estate (FloridaMoves.com), is the leading real estate brokerage company in Florida, serving the communities of Central Florida, Palm Beach, Sarasota Bay, Southeast Florida, Southwest Florida and Tampa Bay. Coldwell Banker Residential Real Estate is part of NRT LLC, the nation's largest residential real estate brokerage company. NRT, a subsidiary of Realogy Corporation, operates Realogy's company-owned real estate brokerage offices. |
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| For more information, visit our Web site, www.FloridaMoves.com Any house. Any time. Anywhere. |
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