California: It's Expensive Here

It's expensive to live in California. At least according to MarketWatch (and anyone who writes a mortgage check in this state), which published a list of the ten most expensive U.S. cities to buy a home in. Thankfully, San Francisco's homes were not expensive enough to make the list. At the top of the list is Newport Beach, where the average listing price for a 4-bed, 2-bath home is $2.5M. Second place goes to another California city: Pacific Palisades, where the average listed price for a 4-bed, 2-bath home is $1.6M. The next California city to make the list is Rancho Palos Verdes, which came in at #4. Next up is Saratoga, which is ranked #5. Frankly, we're surprised Los Gatos ranked #6, we thought it was more expensive than that. Listings on 4-bed, 2-bath homes average $1.26M there. And the last California city to make it into the ten most expensive U.S. cities to buy a home in is Cupertino, which was ranked 10th.
· The 10 most expensive U.S. cities to buy a home [MarketWatch]