The 25 most expensive housing markets in the US

The most expensive housing markets in Americaare primarily packed into one state: California.The Golden State dominates Coldwell Banker's annual Home Listing Report, which ranks the most expensive places to purchase homesin America, claiming every spot in the top 10 and 18 total out ofthe top 25.To determine the most expensivecities, Coldwell Banker analyzed the average listing price of more than 50,000 four-bedroom, two-bathroom homes for the period between January 2016 and June 2016. The ranking covered 2,168 markets across the US, excluding any with fewer than 10 listings.So whatmakes California so desirable'"It all goes back to the old adage in real estate about location, location, location," Charlie Young, CEO of Coldwell Banker, told Business Insider. "In California, you've got a confluence of an amazing climate, strong economy with high-paying jobs, and a tech sector attracting a competitive environment."Looking even deeper, sixcities within the top 10 can be foundinside Silicon Valley, which makes sense given the multitudeof growing tech companies that are paying top dollarto attract new employeesand homebuyersto the area."In Silicon Valley, youve got Apple, youve got Google, youve got Facebook. Youve got the big players in the new tech economy," Young said. "For the foreseeable future, theyre there, and thats going to drive those markets."And at the end of the day,"you cant discount the fact that its California," Young noted. It's always been an aspirational place to liveand that isn't likely to change any time soon.Read on to check see which cities make up the 25 most expensive housing markets in America,where the average listing price is at least $1 million.SEE ALSO:The 10 most affordable places to buy a home in the USDON'T MISS:The 30 most expensive colleges to live near25. Walnut Creek, CaliforniaPopulation:68,910Average cost of a 4-bedroom, 2-bathroom house: $1,004,900Median household income: $80,39924. San Jose, CaliforniaPopulation:1,026,908Average cost of a 4-bedroom, 2-bathroom house: $1,011,871Median household income: $83,78723. Concord, MassachusettsPopulation:19,830Average cost of a 4-bedroom, 2-bathroom house: $1,040,290Median household income: $132,385See the rest of the story at Business Insider
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