The US real estate markets ten most expensive look at the price of real estate near their headquarters. California, Los Altos, in the heart of Silicon Valley, is now the most luxurious real estate market in the country, according to a new report from Coldwell Banker.
The average 4-bedroom, 2-bath home in Los Altos costs $1,963,100-about 30 times the average cost of a home in Cleveland, the country's most reasonably priced market.
Read More Top Three most expensive home sales in 3Q the continued success of many tech companies during Silicon Valley has brought markets such as Los Altos into center, said managing broker of Coldwell Banker Residential Brokerage in Los Altos.
In fact, California has a near sweep on the most ten expensive markets in the country, claiming everyone but one of the top ten spots. Granted, Coldwell did not include New York City in its data.
Read More $195M mansion now the most expensive list but the list shows just how big the financial ripple property of the tech boom have become in California.
Coldwell Banker report, Coldwell Banker pulled average listing prices of 4-bedroom, 2-bathroom real estate properties on Coldwell banker.com between January 2014 and June 2014. Markets without at least ten 4-bedroom, 2-bathroom listings on the website between January 2014 and June 2014 were excluded from the ranking.
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