If you’re looking for the center of glitz, glamour and big bucks, look no further than California. Oh yes, the Golden State is living up to its name according to the new Coldwell Banker Real Estate Home Listing Report, with 7 of the nation’s top 10 most expensive markets landing squarely in California territory.
Are you ready to hear who nailed the number one spot? Well that went to Malibu, which of course, doesn’t come as a shock. For years, the rich and famous have flocked to Malibu for both the beauty and the low-key lifestyle—and in return, they’ve bought up beach homes and cliffside compounds that design lovers could fawn over for decades. You know the phrase “this is the life”? Yeah, it probably originated at one of these homes.
Not to be outdone is another coastal paradise in the Southern region—Newport Beach—which comes in at number two on the list. The other five mega-affluent markets all fall in lovely Northern California, with the Bay Area’s Saratoga in the number three slot. You’re itching to know the details on all of these markets, aren’t you (that is purely rhetorical—of course you are!), so we won’t dilly dally with the small talk any longer. Behold the seven markets that keep the Gold in Golden State (and make us a little proud, too):
|MARKET||COUNTY||RANKING||AVE. LISTING $|
|Los Gatos||Santa Clara||4||$1,360,497|
|San Francisco||San Francisco||5||$1,309,599|
|Redwood City||San Mateo||10||$1,203,357|
If you’re wondering how these rankings came to be, here’s the short and sweet version (in actuality, there were a lot of numbers involved, computer programs and very smart people examining a whole lot of data): Coldwell Banker analyzed the average listing prices of four-bedroom, two-bathroom properties on coldwellbanker.com between January 2013 and June 2013 for 52,257 listings in 1,997 markets. When all was said and done, the 2013 Home Listing Report was released!
Now, would you like to see what a four bedroom home looks like in each of these markets? Take a look below—and if you’re interested in any of these beautiful properties, just click through for details on CaliforniaMoves.com.
33406 Pacific Coast Highway
Malibu, CA 90265
10561 Encina Court
Saratoga, CA 95070
18711 Canon Drive
Los Gatos, CA 95030
1100 Sacramento #1008
San Francisco, CA 94109
10229 Adriana Avenue
Cupertino, CA 95014
17 Colton Court
Redwood City, CA 94062
For more information on the most affordable, and most expensive, real estate markets in America – check out the Coldwell Banker “Blue Matter” blog post.