The areas around San Francisco and Silicon Alley is by far the most expensive place in the country to buy a home, according to Coldwell Banker's new report on home listing prices around the country.
Of the 19 most expensive markets in the U.S., 11 were in California, and four of the top five were in the San Francisco Bay Area. Los Altos took the top spot with an average listing price of $1.706 million.
For context, the average 4-bedroom, 2-bathroom home in the United States is listed at $292,152.
To come up with the list, Coldwell Banker looked at 72,000 4-bedroom, 2-bathroom properties for sale in 2,500 U.S. markets.
#20 DARIEN, CONN: The average listing price of a home is $1.056 million.
This home is on sale for $1.49 million in Darien, Conn.
Note: To compile its list of the most expensive real estate markets, Coldwell Banker looked at 72,000 4-bedroom, 2-bathroom properties for sale in 2,500 U.S. markets.
#18 MERCER ISLAND, WASH: The average listing price of a home is $1.059 million.
This home is on sale for $998,000 in Mercer Island, Wash.
Note: To compile its list of the most expensive real estate markets, Coldwell Banker looked at 72,000 4-bedroom, 2-bathroom properties for sale in 2,500 U.S. markets.
#17 ORONO, MINN: The average listing price of a home is $1.07 million.
This home is on sale for $1.07 million in Orono, Minn.
Note: To compile its list of the most expensive real estate markets, Coldwell Banker looked at 72,000 4-bedroom, 2-bathroom properties for sale in 2,500 U.S. markets.
See the rest of the story at Business Insider
Please follow The Life on Twitter and Facebook.
