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Where Are The Most Expensive Markets?

June 22nd, 2011 | posted by dgadmin2

CNNMoney.com just put out an article giving the most expensive real estate markets in the country. Here they are:

1. Honolulu Median home price $579,300
2. San Jose, CA Median home price $545,000
3. Anaheim, CA Median home price $511,800
4. San Francisco Median home price $465,900
5. New York Median home price $439,300
6. San Diego Median home price $374,800
7. Boulder, CO Median home price $353,400
8. Bridgeport, CT Median home price $342,100
9. Boston Median home price $322,100
10. Barnstable, MA Median home price $299,000

Nice places, but expensive. This doesn’t mean that these areas haven’t participated in depreciation during the housing and mortgage troubles of the last four years. Whether it’s just that it is expensive to build in these areas, land is very high in cost, people want to live here, or a combination of these factors, they will likely remain the highest price areas for some time to come.

On 1:04am, June 23rd, 2011 shannonck66 said:

Hello all!

shannonck66's picture

Dean, what you said in this weeks blog was will put! I've always told my children that what their minds can conceive, they can achieve! Shannon

On 4:43am, June 23rd, 2011 Valuni said:

Great!

Valuni's picture

4 out of 10 are in California!!

and anyone wonder why I'm buying out of state??
Eye-wink

great investors will find great deals no matter in what market!

Valerie

On 13:38pm, June 23rd, 2011 reinvestor42 said:

Chalottesville, Va 22901

reinvestor42's picture

comes in at $373,400 median price

On 14:09pm, June 25th, 2011 taharka said:

Inexpensive Markets

taharka's picture

And where are the most "inexpensive" markets currently in the United States?

On 16:59pm, July 3rd, 2011 aerialist said:

That is interesting

aerialist's picture

Thank you for sharing that news. I used to live in the #1 most expensive market and know first hand the cost there -- scary if you are a regular homeowner wanting to buy. I bet, though, that people are making money in each of those markets and some of them are here on the DG site. I hope someone who is making things happen in any of those areas responds; it would be great to read some of their experiences.