Source: mpamag.com | Re-Post MNM Partners, LLC 9/19/2016
A study has revealed that Silicon Valley is still the most expensive place to buy a home in the US.
Coldwell Banker’s Real Estate Home Listing Report shows that Saratoga, California is the most expensive market with a 4-bedroom, 2-bathroom home costing almost $2.5 million.
“Saratoga has long been known for attracting Bay Area business executives. The continued success of the technology industry coupled with the ongoing demand for properties, exclusivity, highly-ranked public schools and comparably larger lot sizes of the area have made Saratoga one of the most desirable places to live in Silicon Valley.” commented Nancy Robinson, regional vice president of Coldwell Banker Residential Brokerage.
The other 9 markets in the listing are also in California with Newport Beach at $2.1 million; Cupertino and Redwood City around $1.8 million; Arcadia and Carmel around $1.7 million; San Francisco around $1.6 million; and La Cañada Flintridge, Sunnyvale and Los Gatos all around $1.5 million.