10 Cities With Outrageously Expensive Real Estate


San Carlos, Calif.

San Carlos, Calif.

Those people in San Carlos earn an average salary of twice the United States average of $51,914 so they can certainly afford a luxury abode. The average home price in this San Francisco metro area is $1.2 million. This price gets you about two full bathrooms and two to four bedrooms, depending on the home.


Carmel-by-the-Sea, Calif.

Carmel-by-the-Sea, Calif.

This small coastal town is anything but quaint and Clint Eastwood is the former mayor. The average home price is $1.2 million and this gets you a two-bathroom, four-bedroom home. There is a home in the area that exceeds just more than 2,000 square feet and the price is $4.5 million, so lots of cash does not buy much.


Kailua, Hawaii

Kailua, Hawaii

This city is 12 miles outside of Honolulu on the island of Oahu, but it tops Honolulu home prices. The average price for a home in this city is $1.2 million and less than three percent of homes in the city are vacant. There are plenty of beachfront estates, but many of these exceed $10 million.


Rye, N.Y.

Rye, N.Y.

The state of New York has many pricey areas, but Rye is the priciest for what you get for the price. Expect to pay an average of $1.3 million for a basic four-bedroom home and this price is about $1 million higher than the average in the United States for a four-bedroom home.


Los Gatos, Calif.

Los Gatos, Calif.

Los Gatos is close to San Jose, many of the homes in the area are unique, and they have many luxury amenities, such as spa bathrooms and chef-quality kitchens. The average home price is $1.4 million, but several homes exceed $10 million and have things like 12-car garages and multi-stall horse barns.


Palo Alto, Calif.

Palo Alto, Calif.

Those people living in Palo Alto are close to the prestigious Stanford University and many major company headquarters are in the city, such as Tesla Motors and Hewlett-Packard. The average home price is slightly less than $1.5 million, but plenty of homes in the city exceed $5 million.


Menlo Park, Calif.

Menlo Park, Calif.

When the Facebook IPO took place, this city experienced a major windfall. The average home price is slightly more than $1.5 million and this big price tag is thanks to Facebook headquarters being here. Many houses have four to five bedrooms, and luxury amenities, such as wine cellars and large home gyms.


Saratoga, Calif.

Saratoga, Calif.

This city is close to the San Jose metropolitan area and while San Jose is seeing a large decrease in home prices, the average price in Saratoga is $1.5 million. The prices in this city have grown steadily and those purchasing these homes earn an average of $145,000 per year, but close to half of all residents are earning more than $200,000 a year.


Newport Beach, Calif.

Newport Beach, Calif.

The average home price is around $1.6 million and the price per square foot averages approximately $265. This pricey city does not deter people, however, because the vacancy rate is only about 1.5 percent so while it costs a pretty penny to live here, people appear to be happy to pay that price.


Los Altos, Calif.

Los Altos, Calif.

It is no surprise that the most expensive city is in California, but the price tag for an average home is about $1.7 million. This price gets you two bathrooms and four bedrooms and it is about $50,000 more than all other U.S. cities. For this price, you could buy about 28 two-bathroom, four-bedroom homes in Redford, Mich.

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