Expensive California. I am not surprised by this article, nor that 5 of the top most expensive real estate markets were in Northern California. I do remember one common thought from my family and friends when moving out of the San Francisco Bay Area during the crazy real estate spike of the early to mid 2000’s. That was, “Once you cash out, there’s no going back.”
Confirmed: Homes in Malibu Are Very Expensive
With the tech industry booming and real-estate values rising, Northern California has lately had the upper hand in the long-running feud between Northern California and Southern California. So here’s some good news for (select) homeowners in Southern California: Los Angeles and Orange Counties have the nation’s two most expensive real-estate markets, beating out Northern California.
The nation’s most expensive real estate market in 2013 was Malibu, Calif., with an average listing of $2.15 million, according to a Coldwell Banker ranking of the nation’s priciest markets. Newport Beach, in Orange County, was second, while the rest of the top five were in Northern California (Saratoga, Los Gatos and San Francisco, respectively).
(click here to read more from this Wall Street Journal article)