Coldwell Banker’s 2015 Home Listing Report proves that in real estate there’s nothing more important than location, location, location. Released November 10th, the annual report includes data from 2,700 real estate markets across the nation by analyzing more than 81,000 similar-sized four-bedroom, two-bathroom homes.

The HLR revealed that half (50) of the top 100 most expensive markets in the United States are in California. Who topped the list? Right in our own backyard, Newport Beach ranked number one, where the average listing price of a four-bedroom, two-bathroom home is $2,291,764— seven and a half times the national average and 30 times the cost of a similar home in the country’s most affordable market!

The most extensive home price comparison tool of its kind, Coldwell Banker continues to provide the resources needed to stay informed on the latest market trends.

Most Expensive Markets

1. Newport Beach, CA – $2,291,764
2. Palo Alto, CA – $2,066,600
3. Saratoga, CA – $1,979,218
4. Cupertino, CA – $1,659,297
5. Los Gatos, CA – $1,569,615

Most Affordable Markets

1. Cleveland, OH – $74,502
2. Riverdale, GA – $79,223
3. Wilkes-Barre, PA – $79,480
4. Detroit, MI $81,616
5. Alma, MI $90,523

See the full report here