Californians like to be tops in all kinds of statistics. Biggest population. World Series champs. Largest state economy. Most tech companies. Now they can either smile or weep over the latest statistics that put seven Bay Area cities in the top 10 list of areas with the most expensive home prices, according to the Coldwell Banker Home Listing Report.
Los Altos tops the list with an average price of $1.96 million; San Francisco is number six with $1.29 million, and the other five include Redwood City/Woodside ($1.43 million), Los Gatos ($1.3 million), Sunnyvale ($1.27 million), Moraga ($1.13 million), and San Mateo ($1.09 million). Throw in nearby Saratoga at $1.87 million, and you’ve got a real estate agent’s dream and a buyer’s nightmare.
The opposite is true for the other end of Coldwell Banker’s list, which analyzes average listing prices of 51,000 four-bedroom, two-bathroom homes in all 50 states. The most affordable or least expensive market for homebuyers is Cleveland, where you will only need $64,993.