10 most expensive U.S. housing markets

Newport Beach, Calif., topped the list of most expensive U.S. real estate markets for the second year in a row, according to Coldwell Banker, with an average home listing price of approximately $2.5 million for property listings meeting the subject home criteria.

Coldwell Banker Real Estate’s Home Listing Report (HLR) compiles information on real estate data from around the U.S. and Canada for homebuyers and sellers. The report then provides the average home listing price of four-bedroom, two-bathroom properties on the Coldwell Banker website that were listed between September 2010 and March 2011 from more than 2,300 North American markets.

Out of the ten most expensive real estate markets, six come from California.

The top ten most expensive markets are:

1. Newport Beach, Calif., with an average listing price of $2,537,126
2. Pacific Palisades, Calif., with an average listing price of $1,606,992
3. Stone Harbor, N.J., with an average listing price of $1,344,908
4. Rancho Palos Verdes, Calif., with an average listing price of $1,312,538
5. Saratoga, Calif., with an average listing price of $1,281,889
6. Los Gatos, Calif., with an average listing price of $1,261,176
7. Weston, Mass., with an average listing price of $1,228,100
8. Greenwich, Conn., with an average listing price of $1,154,293
9. Mercer Island, Wash., with an average listing price of $1,143,521
10. Cupertino, Calif., with an average listing price of $1,140,656

For more information: http://hlr.coldwellbanker.com/PressRelease.html