Many people love to daydream about the perfect home; a lot of us even like to look at the mansions of the rich and famous, pretending that it could be ours, even if only in a dream. Here we will look at Coldwell Banker’s top ten most expensive housing markets in the United States, places where the average mortgage payment is in the five digits!
- Newport Beach, California
Why are we not surprised that Newport Beach is in the top spot as the most expensive locale in America? With perfect weather and a vibrant economy, a four bedroom two bath home in this neighborhood will set back homeowners a cool $2.5 million.
- Pacific Palisades, California
Another sunny California setting, the Palisades sits inside Los Angeles, and our average four bedroom two bath home in this area cost buyers a mere $1.6 million. But with neighbors like Tom Hanks and the nearby Riviera Country Club, it’s evidently worth it to those who can afford it.
- Stone Harbor, New Jersey
Zooming across the country and landing on the other coast, Stone Harbor, New Jersey comes in at the third most expensive location for our average four bedroom two bathroom home. For those looking for east-coast quaintness, our average home sells here for $1.34 million.
- Rancho Palos Verdes, California
Back to the west coast again, Rancho Palos Verdes, California comes in at the fourth most expensive spot in the country to buy our average four bedroom two bathroom home in. With Redondo Beach to the northwest and Coastal San Pedro to the southeast, the city of Rancho Palos Verdes offers residents seaside homes that sell for $1.31 million.
- Saratoga, California
Bordered on two sides by the Sandborn Skyline County Park and just west of San Jose, the average four bedroom two bathroom home here will set resides aside $1.28 million.
- Los Gatos, California
Just southeast of Saratoga, California—our list’s #6—lies the city of Los Gatos, California. Surrounded on three sides by Cambrian Park, the Sierra Azul Open Space Preserve, and the El Sereno Open Space Preserve, the average four bedroom two bathroom sells here for $1.26 million.
- Weston, Massachusetts
Back over to the east coast, Weston, Mass comes in at number 7 on the list. In all its historic grandeur, the average four bedroom two bathroom home fetches $1.23 million.
- Greenwich, Connecticut
Staying on the east coast and traveling north we come to number 8 on our list, Greenwich, Connecticut. The average listing price for our four bedroom two bath home in this neighborhood is $1.15 million.
- Mercer Island, Washington
Over to the west coast one more time, to the small island off the cost of Washington: Mercer Island. Residents here can look forward to paying an average of $1.14 million for a four bedroom, two bath home.
- Cupertino, California
Traveling south down the west coast we arrive at number 10 on our list, Cupertino, California, Headquarters to Apple Computer and the $1.14 million four bedroom two bathroom home.