Most expensive real estate california
This Bay Area enclave has the most expensive homes in the country
It’s home to tech billionaires and sports superstars. So it might not be surprising that for the sixth straight year, this Bay Area enclave has laid claim to the most expensive house prices anywhere in the country.
Atherton again took the top spot on real estate data firm PropertyShark’s list of priciest zip codes. The median single-family home price in the exclusive San Mateo County town? A cool $7.9 million.
The Marin County suburb of Ross came in at No. 3 with a median price of $5.5 million.
The Bay Area is by far the most expensive metro region in the nation, according to PropertyShark’s list, with 46 of the 128 costliest U.S. zip codes. The majority of those are in the Silicon Valley area — with the Bay Area’s top zips spread out across the counties of Santa Clara (14), San Mateo (10), Marin (8), Contra Costa (6), San Francisco (5) and Alameda (3).
The Bay Area zip codes to crack the top 25 include:
- 94027 in Atherton at No.
1 ($7.9 million)
- 94957 in Ross at No. 3 ($5.5 million)
- 94022 in Los Altos Hills* at No. 11 ($4.25 million)
- 94028 in Portola Valley at No. 12 ($4.13 million)
- 94024 in Los Altos at No. 13 ($4.1 million)
- 95070 in Saratoga at No. 19 ($3.64 million)
- 94301 in Palo Alto at No. 20 ($3.6 million)
- 94970 in Stinson Beach at No. 21 ($3.53 million)
- 94010 in Hillsborough at No. 22 ($3.525 million)
- 94528 in Diablo at No. 24 ($3.4 million)* includes part of Los Altos
Atherton — home to billionaire venture capitalist Marc Andreessen and Golden State Warriors star Stephen Curry — made national news this year when some of its tech industry residents, including Andreessen, vehemently opposed allowing townhomes to be built to satisfy the town’s state-mandated housing plan. Local officials have said they may end up “in a fight” with the state to keep Atherton zoned almost entirely for single-family homes.
Even as home prices have begun to fall across most of the Bay Area in recent months, prices in Atherton and other wealthy zip codes are on the upswing.
The median home price in Atherton increased 6% from a year ago, while prices in Ross are up 20%, according to PropertyShark.
For the entire Bay Area, home prices dipped 2% in October, according to data from the California Association of Realtors.
Oscar Wei, an economist with the association of realtors, said the discrepancy could be because as rising interest rates — currently around 6.6% for a typical mortgage — have made taking out a home loan more expensive, buyers with a “lower income tend to be affected more than those who have higher income.”
Some of the other priciest zip codes in the PropertyShark report include 11962 in Southampton, New York, coming in at No. 2 with a median price of $5.75 million; 33109 in Miami Beach, Florida, reaching No. 3 at $5.5 million; and the world-famous 90210 in Beverly Hills taking the No. 4 spot at $5.12 million.
Ethan Varian covers the rental market and housing affordability issues as part of the Bay Area News Group’s housing team.
He was previously a housing and homelessness reporter at the Santa Rosa Press Democrat in Sonoma County. His stories about housing, business and culture have been published in the New York Times, Los Angeles Times and the Guardian US, among others.
Cities With the Most Expensive Homes in California
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Cities with the most expensive homes in California
Stacker compiled a list of cities with the most expensive homes in California using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of January 2023. The charts in this story were created automatically using Matplotlib. The most expensive city on the list has a typical home value of $5,183,639, which is 940% higher than the state average of $716,909.
Metros with the most cities in the top 30 in California
#1. San Francisco-Oakland-Berkeley, CA: 11
#2. Los Angeles-Long Beach-Anaheim, CA: 8
#3.
San Jose-Sunnyvale-Santa Clara, CA: 7
#4. San Diego-Chula Vista-Carlsbad, CA: 2
#5. Salinas, CA: 1
#5. Santa Maria-Santa Barbara, CA: 1
Read on to see which cities made the list.
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1 / 30
Stacker
#30. Emerald Lake Hills
- Typical home value: $2,458,716
- 1-year price change: +1.4%
- 5-year price change: +19.8%
- Metro area: San Francisco-Oakland-Berkeley, CA
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#29. Piedmont
- Typical home value: $2,483,542
- 1-year price change: -0.6%
- 5-year price change: +29.9%
- Metro area: San Francisco-Oakland-Berkeley, CA
3 / 30
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#28. Cupertino
- Typical home value: $2,493,409
- 1-year price change: +3.4%
- 5-year price change: +39.0%
- Metro area: San Jose-Sunnyvale-Santa Clara, CA
4 / 30
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#27.
Del Monte Forest
- Typical home value: $2,545,949
- 1-year price change: +7.0%
- 5-year price change: +59.1%
- Metro area: Salinas, CA
5 / 30
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#26. Palos Verdes Estates
- Typical home value: $2,575,826
- 1-year price change: +9.9%
- 5-year price change: +53.8%
- Metro area: Los Angeles-Long Beach-Anaheim, CA
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6 / 30
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#25. Laguna Beach
- Typical home value: $2,654,546
- 1-year price change: +7.9%
- 5-year price change: +46.4%
- Metro area: Los Angeles-Long Beach-Anaheim, CA
7 / 30
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#24. Tiburon
- Typical home value: $2,665,796
- 1-year price change: +2.7%
- 5-year price change: +33.2%
- Metro area: San Francisco-Oakland-Berkeley, CA
8 / 30
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#23. Stanford
- Typical home value: $2,741,841
- 1-year price change: +2.
9%
- 5-year price change: +39.2%
- Metro area: San Jose-Sunnyvale-Santa Clara, CA
9 / 30
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#22. Newport Beach
- Typical home value: $2,780,108
- 1-year price change: +6.5%
- 5-year price change: +46.9%
- Metro area: Los Angeles-Long Beach-Anaheim, CA
10 / 30
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#21. Manhattan Beach
- Typical home value: $2,851,804
- 1-year price change: +6.5%
- 5-year price change: +62.8%
- Metro area: Los Angeles-Long Beach-Anaheim, CA
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#20. Diablo
- Typical home value: $2,858,562
- 1-year price change: -2.7%
- 5-year price change: +37.9%
- Metro area: San Francisco-Oakland-Berkeley, CA
12 / 30
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#19. Palo Alto
- Typical home value: $3,063,580
- 1-year price change: -0.4%
- 5-year price change: +32.1%
- Metro area: San Jose-Sunnyvale-Santa Clara, CA
13 / 30
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#18.
Del Mar
- Typical home value: $3,296,389
- 1-year price change: +6.6%
- 5-year price change: +50.0%
- Metro area: San Diego-Chula Vista-Carlsbad, CA
14 / 30
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#17. Malibu
- Typical home value: $3,310,352
- 1-year price change: +2.6%
- 5-year price change: +98.5%
- Metro area: Los Angeles-Long Beach-Anaheim, CA
15 / 30
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#16. Saratoga
16 / 30
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#15. Ross
- Typical home value: $3,428,052
- 1-year price change: +2.1%
- 5-year price change: +35.4%
- Metro area: San Francisco-Oakland-Berkeley, CA
17 / 30
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#14. Beverly Hills
- Typical home value: $3,439,168
- 1-year price change: -2.9%
- 5-year price change: +72.8%
- Metro area: Los Angeles-Long Beach-Anaheim, CA
18 / 30
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#13. Woodside
- Typical home value: $3,502,500
- 1-year price change: +1.
3%
- 5-year price change: +42.9%
- Metro area: San Francisco-Oakland-Berkeley, CA
19 / 30
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#12. Stinson Beach
- Typical home value: $3,528,040
- 1-year price change: -5.1%
- 5-year price change: +76.2%
- Metro area: San Francisco-Oakland-Berkeley, CA
20 / 30
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#11. Rancho Santa Fe
21 / 30
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#10. Monte Sereno
- Typical home value: $3,713,493
- 1-year price change: +4.1%
- 5-year price change: +47.1%
- Metro area: San Jose-Sunnyvale-Santa Clara, CA
22 / 30
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#9. Portola Valley
- Typical home value: $3,733,808
- 1-year price change: -0.7%
- 5-year price change: +25.7%
- Metro area: San Francisco-Oakland-Berkeley, CA
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#8. Los Altos
- Typical home value: $3,812,800
- 1-year price change: +3.6%
- 5-year price change: +48.3%
- Metro area: San Jose-Sunnyvale-Santa Clara, CA
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#7.
Rolling Hills
- Typical home value: $3,992,160
- 1-year price change: +5.8%
- 5-year price change: +59.7%
- Metro area: Los Angeles-Long Beach-Anaheim, CA
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#6. Belvedere
- Typical home value: $4,060,104
- 1-year price change: +1.1%
- 5-year price change: +25.1%
- Metro area: San Francisco-Oakland-Berkeley, CA
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Stacker
#5. Montecito
- Typical home value: $4,229,345
- 1-year price change: +6.9%
- 5-year price change: +66.4%
- Metro area: Santa Maria-Santa Barbara, CA
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#4. Hidden Hills
- Typical home value: $4,664,457
- 1-year price change: +5.1%
- 5-year price change: +91.8%
- Metro area: Los Angeles-Long Beach-Anaheim, CA
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#3. Hillsborough
- Typical home value: $4,858,294
- 1-year price change: +0.
2%
- 5-year price change: +25.7%
- Metro area: San Francisco-Oakland-Berkeley, CA
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#2. Los Altos Hills
- Typical home value: $5,114,859
- 1-year price change: +4.4%
- 5-year price change: +53.5%
- Metro area: San Jose-Sunnyvale-Santa Clara, CA
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#1. Atherton
- Typical home value: $7,455,342
- 1-year price change: +0.8%
- 5-year price change: +28.1%
- Metro area: San Francisco-Oakland-Berkeley, CA
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Education Movies Movies TVThe most expensive cities in the US in terms of housing costs
New York, Los Angeles and San Francisco often make the list of cities with the highest real estate values in the world.
According to Knight Frank's THE GLOBAL PERSPECTIVE ON PRIME PROPERTY & INVESTMENT report, in 2019 New York City was ranked fourth in the list of global value per square meter. He was ahead of Monaco, Hong Kong and London. Los Angeles is in seventh place.
However, if we compare the average cost of housing, the situation in the US will look somewhat different. According to the Emerging Trends in Real Estate 2020* report, the median home price in San Francisco, California is over $1.3 million, making San Francisco the most expensive city to own a home. Next comes the city of San Jose (California) - it is located among the hills of Silicon Valley, the center of technology and innovation. And in third place is the most famous area of \u200b\u200bNew York - Manhattan.
The cheapest home you can buy is in Buffalo, upstate New York. At the beginning of the last century, the city was one of the largest industrial centers in the country. Next is the city of Cleveland - the second largest city in Ohio.
And in third place is Pittsburgh, Pennsylvania.
Top 5 regions with the most affordable residential real estate:
1. Buffalo, $153,609
2. Cleveland, $158,273
3. Pittsburgh, $159,151
4. Oklahoma City, $159,408 2.9 Cincinnati 5.7
According to Emerging Trends in Real Estate 2020
If you are considering the United States as your future place to live, study or do business, we recommend that you familiarize yourself with the terms of the EB-5 government investment program, through which an investor and his family can get a look residency through investments of $900,000 or more in commercial real estate in the United States.
*These studies are published by PwC (PricewaterhouseCoopers - an international network of companies offering consulting and auditing services) and ULI (Urban Land Institute - a non-profit research and educational organization).
Get EB-5 step-by-step instructions, sample projects or book a consultation:
info@secondwindeb5.
com
+7 495 991-53-01
12 05 2020
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The most expensive real estate in the US is located in Manhattan - Tranio.Ru
The most expensive real estate for sale in Manhattan has not even been built yet: a six-story modernist townhouse will be erected on East 62nd Street, between Madison and Park Avenues from white stone.
A swimming pool will be installed in the basement, it will be possible to move from floor to floor in a glazed elevator, and a fountain will decorate the patio.
Townhouse on offer for $40 million Meanwhile, according to Trulia.Com, the median selling price for the Upper East Side is $1.33 million, meaning a home under construction costs 30 times more than the average home.
There are other properties with eight-figure price tags in this area. An example is a townhouse with an area of more than 1,000 m², which is being sold by billionaire Alexander Rovt for $ 21 million
The most prestigious housing should be looked for in the area with the postal code 10065. East River and includes northern streets with numbers from 60 to 69. Moneybags such as David Rockefeller, Rupert Murdoch, Ronald Perelman, Robert Bass and Sumner Redstone live here.
Median asking price for zip code 10065 is $6.5 million There are over 50 condominiums for sale, each worth several million.
Therefore, this part of the Upper East Side has become the most expensive area in the United States in terms of real estate value. This district became the leader for the first time. In 2011, Alpine, New Jersey, was ranked the most highly valued, in particular those streets with zip code 07620. Today, this city has moved to second place. On the third line of the rating is the Californian Atherton.
Alpine is an upscale New York City suburb with a median asking price of $5.75 million. Local street names are often rendered illegible on the GPS because many celebrities live here, including musician Stevie Wonder and rapper P Diddy.
Atherton, a tiny town lost in the vastness of Silicon Valley, is famous for its large concentration of billionaires, including Eric Schmidt, Charles Schwab and Meg Whitman. Thanks to their presence, the median price is kept at 4.9USD million
According to Dolly Lenz, vice president of Prudential Douglas Elliman Real Estate, since the end of September 2012 in Manhattan, she has concluded transactions for a total of $120 million.
Only one buyer was a US citizen. This suggests that foreigners play a big role in the American luxury real estate markets.
In addition, overseas buyers were active in Washington DC, Los Angeles and Seattle. The number of foreigners in Florida also increased markedly. By the way, the Forbes list includes 26 postal codes of this state.
In South Florida, thanks to buyers from Russia, Europe and South Africa, prices for condominiums have increased. For example, Coral Gables climbed 108 lines over the year, finding itself in 15th place in the ranking. The median asking price for Gables Estates, a prestigious bayfront development, is $3.48 million.
According to Jill Eber of The Jills real estate agency, a division of Coldwell Banker Previews International, her firm closed deals totaling over $320 million in 2012. In 2005, as the Florida housing boom peaked, the company sold with a total cost of "only" 280 million
Four ZIP codes in Silicon Valley made the top ten.
Apart from Atherton, these are Hillsborough, Los Altos Hills and Rolling Hills. In this area, real estate prices are rising due to a booming labor market and restrictions on housing construction. The percentage of empty facilities in Silicon Valley is the smallest in the country.
The resort real estate market has also revived. Ranked 13th, Aspen has a lot of expensive homes on offer. The postcode 81611 distinguished itself here, tied to Hala Ranch, an estate worth 49million dollars, which belongs to billionaire John Paulson. In Hawaii, the most expensive real estate is sold in Kauai and Maui. Tycoons of the IT industry prefer to buy second homes here. On the East Coast, the Hamptons (Long Island) and Sagaponack (part of the city of Southampton) are still valued. The latter took fourth place in the ranking. Billionaire Ira Rennert, Goldman Sachs CEO Lloyd Blankane and musician Billy Joel own houses in this village.
| Rating | Postcode | City | State | Median offer price , USD | Average number of days on the market | Number of objects for sale | Cost of the most expensive property, $ million |
|---|---|---|---|---|---|---|---|
| 1 | 10065 | New York | New York | 6 534 430 | 449 | 80 | 38. 5 |
| 2 | 07620 | Alpine | New Jersey | 5 745 038 | 207 | 35 | 56.0 |
| 3 | 94027 | Atherton | California | 4 897 864 | 103 | 41 | 21.8 |
| 4 | 11962 | Sagaponak | New York | 4 180 385 | 333 | 84 | 65.0 |
| 5 | 94010 | Hillsborough | California | 4 127 250 | 172 | 124 | 38.5 |
| 6 | 10014 | New York | New York | 4 116 506 | 328 | 84 | 34. 0 |
| 7 | 94022 | Los Altos Hills | California | 4 016 050 | 154 | 88 | 19.9 |
| 8 | 10021 | New York | New York | 3 980 829 | 394 | 162 | 50.0 |
| 9 | Rolling Hills | California | 3,972,500 | 124 | 61 | 11.0 | |
| 10 | 10075 | New York | New York | 3 885 409 | 470 | 47 | 90.0 |
In 2012, the main driver of price increases in the most expensive areas of America is the lack of supply.
