According Coldwell Banker’s annual Home Listing Report (HLR), California dominates the top 100 priciest markets in the land. Half of the top 100 are in California. Nine of the top 10 cities are in California, and are clustered around San Francisco and Los Angeles. Yet, the state overall is only the third most expensive housing marketing in the country.
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Nationwide homeowners who sold during the third quarter of 2015 sold for an average of $40,658 more than what they purchased their home for, translating into an average gain of 17 percent. That was the biggest percentage gain for U.S. home sellers since the third quarter of 2007, according to a recent RealtyTrac report.
The September FNC residential price index for Los Angeles was down 0.3 percent month-over-month but was up 8.1 percent year-over-year. Here’s the full index, with forecasts, plus additional data.
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Recent analysis from Zillow found most workers at Google, Facebook and Apple headquarters live in homes valued at more than $1.1 million, and these homes have appreciated in value faster than other properties in the same market. Higher-than-average home price appreciation coupled with increasing wages in the tech industry could mean some of these owners may consider a sale. For agents, most of these homes would rank as luxury listings, valued at more than $1 million each.