The HPCI evaluates

and indexes the average sales prices of similar

homes in typical middle management transferee

neighborhoods in more than 300 markets across the

nation, Canada, Puerto Rico and select overseas

markets.

The HPCI subject

home is a single-family dwelling approximately

2,200 square feet in size with four bedrooms, two

and one half baths, family room and two-car

garage.

The full HPCI data

can be found at www.coldwellbanker.com (click

`info booth'). For the first time, the company's

web site also provides an on-line index

calculator. Consumers need only key in the value

of their current home, pick their "to and

from" markets, and the site will

automatically "do the math" to figure

out the home's new value in the new market.

The Home Price

Comparison Index also is available in brochure

format and can be obtained from Coldwell Banker

Bullard Realty.

"This study is

demonstrative of the economic diversity in home

values across the country, showing a wide

contrast in home prices between America's most

affordable and most expensive markets," said

Steve Bullard, owner and president of Coldwell

Banker Bullard Realty, which has six offices in

the south metropolitan area of Atlanta.

"With

information on nearly 350 markets throughout

North America, it is an invaluable tool for

homeowners deciding to relocate," said

Bullard. He added that the importance of the

relocation business in today's real estate

industry is increasing, particularly in the

Atlanta area.

"In recent

years, our own company has grown in that area to

the point that we now have the largest Relocation

Department in the metro south region," he

said.

According to the

HPCI study, the Northeast has the highest

cumulative average price for the subject home,

$240,504, followed by the West, $207,113, the

Midwest, $167,985, and the Southeast, $163,624.

The average price of all homes surveyed rose

approximately 7 percent to $231,296 as compared

to $216,154 last year. The American city that

came closest to the cumulative HPCI market's

national average sales price is Tampa, Fla.,

where the average home price is $231,250.

The Coldwell Banker

Home Price Comparison features an index number

for each market and easy-to-use formula that

helps consumers quickly calculate the cost to

replace their homes in another location (2,220

square feet was the base line figure used as size

criteria for the HPCI subject homes. But it is

possible that in certain markets, the sizes of

the subject homes varied.).

Consumers can get

their free copy of the 1999 Home Price Comparison

Index brochure by calling or visiting a Coldwell

Banker Bullard Realty office or by going to https://www.coldwellbanker.com on the Internet.