10 Most Expensive Real Estate Cities in America: A lot has changed in the U.S. real estate market over the past few years. After the sharp decline in housing prices following the financial crisis of 2008-2009, the real estate market has not only recovered, but is growing steadily thanks to rising demand.
We all know that the purchasing price of a house is one of those factors people take into consideration when moving to a new city. Yet others worry less about the cost of living and simply wish to make a statement by moving into the priciest cities in the country. For those capable of affording a lofty home in an expensive town, the following 10 most expensive real estate cities might have what you are looking for.
The information stems from Coldwell Banker, an American real estate franchise which provides house listing prices for the entire country on an annual basis. Furthermore, readers should be aware that the prices in the following list are for a four-bedroom, two-bathroom house. So if you are single, maybe you should take a look at the 10 most expensive cities for expats, and maybe wander off to Sydney to spend your money.
Either way, the following list will give you an idea of where the 10 most expensive real estate cities in the U.S. are located. After all, house listings are usually proportional, so don’t expect to get a two-bedroom apartment for anything but a fraction of the stated prices.
10. Redwood City, California
A four-bedroom, two-bath house in Redwood City will cost $1,203,357 on average. As you can see, the list already starts off with prices above the $1 million mark, making this a list for those of you who are well-off.
9. Weston, Massachusetts
Next on our list is Weston, on the other side of the country. The average home listing price in the wealthiest suburb in the Boston metro area is $1,229,000.
8. Orono, Minnesota
Yup, the small town of Orono has made the cut, with a four-bedroom house costing $1,251,873 on average. This beautiful city has a population of around 7,500, and is located around the northern shores of Lake Minnetonka.
7. Cupertino, California
The second city on our list from the state of California, yet surely not the last, is Cupertino. The average home listing price, in the 11th wealthiest city with a population over 50,000 in the U.S., is $1,292,400.
6. Stone Harbor, New Jersey
Breaking the $1,3 million mark is Stone Harbor, a borough of the Cape May County in New Jersey. Surrounded by water, this real estate market offers houses with ocean views and sandy beaches.
5. San Francisco, California
The first and only major city on our list is San Francisco, where potential homeowners must come up with $1,309,599 on average for a four-bedroom house. In return, you will be living in the cultural center of the Bay Area and Northern California!
4. Los Gatos, California
Yet another city in California makes the top 10, with an average listing price of $1,360,497. This affluent city is located in the Silicon Valley, at the foothills of the Santa Cruz Mountains.
3. Saratoga, California
Much higher on our list is Saratoga, where a four-bedroom home will cost you $1,683,261 on average. Saratoga was not only ranked 4th in CNN/Money’s 2008 listing of top-earning towns in the U.S., but is also considered one of, if not the most, expensive suburb in California.
2. Newport Beach, California
The affluent city, which is part of the famous Orange Country, boasts an average listing price of $1,773,824. Surrounded by beaches, and with a quarter of its population boating a median household income above $200,000, this city is definitely a place for the wealthy.
1. Malibu, California
The most expensive real estate city in the U.S. is Malibu, where a four-bedroom, two-bathroom home with cost $2,155,900 on average. Home to several movie stars and thus usually associated with the entertainment industry, the sandy beaches of Malibu have definitely reached star status.
