Interesting survey highlighting the housing crisis in Silicon Valley and why we are seeing families pull up and move out to states like North Carolina, Texas, Oregon and others.
*********************************************
Updated 12:51 pm, Wednesday, November 11, 2015
Photo: Nathaniel Y. Downes, The Chronicle
10. Redwood City, Calif.
Average price of four-bedroom, two-bath home: $1,367,350
Photo: Nathaniel Y. Downes, The Chronicle
Image 2 of 11
9. Lake Minnetonka, Minn. Average price of four-bedroom, two-bath home: $1,384,270
Photo: Akaplummer, Getty
Image 3 of 11
8. Sunnyvale, Calif.
Average price of four-bedroom, two-bath home: $1,447,411
Photo: Marcio Jose Sanchez, Associated Press
Image 4 of 11
7. San Mateo, Calif.
Average price of four-bedroom, two-bath home: $1,463,455
Photo: Stephanie Hession
Image 5 of 11
6. Arcadia, Calif.
Average price of four-bedroom, two-bath home: $1,541,406
Photo: Harry How, Getty Images
Image 6 of 11
5. Los Gatos, Calif.
Average price of four-bedroom, two-bath home: $1,569,615
Photo: Paul Sakuma, Associated Press
4. Cupertino, Calif.
Average price of four-bedroom, two-bath home: $1,659,297
Photo: Michael Macor, The Chronicle
Image 8 of 11
3. Saratoga, Calif.
Average price of four-bedroom, two-bath home: $1,979,218
Photo: Ralph Andrea Photography, Cooper-Garrod Farms
Image 9 of 11
2. Palo Alto, Calif.
Average price of four-bedroom, two-bath home: $2,066,600
Photo: Kurt Rogers, The Chronicle
Image 10 of 11
1. Newport Beach, Calif.
Average price of four-bedroom, two-bath home: $2,291,764
Photo: Mitch Diamond, Getty Images
Image 11 of 11
Data reports examining the most expensive real estate in the country continue to remind us all that the Bay Area has the most outrageous prices in the country.
These lists are created using a variety of methods, whether looking at average prices for all properties or honing in on a specific type, and present a different collection of affluent communities. But they all have one thing in common: An abundance of Bay Area cities ranked at the top.
The latest is a 2015 report from Coldwell Banker ranking the most expensive places to buy a home—and seven Silicon Valley cities made the top 10.
Palo Alto had the second-highest home prices in the U.S., Saratoga third, and Cupertino fourth.
For the report the real estate company says their team of researchers looked at data for more than 2,700 real estate markets nationwide, analyzing the sales prices on 81,000 comparable four-bedroom, two-bathroom homes.
The sunny Southern California town of Newport Beach soared at the top of the list with an average home price of $2,291,764. San Francisco’s crazy market was one slot away from making the top 10 and ranked No. 11 with the average price of a four-bedroom home at $1,360,189.