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

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.