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California Is Home to 9 of 10 Most Expensive Real Estate Markets


Nine of the 10 most expensive real estate markets in the United States are located in California, according to a new report by Caldwell Banker.

Los Altos is at the top of the list, where the average price for a home is upwards of $1.9 million.

“The continued success of many tech companies throughout Silicon Valley has brought markets such as Los Altos into focus,” Joe Brown, managing broker of Coldwell Banker Residential Brokerage in Los Altos, told CNBC.

The only non-California market to make the list was Wellesley, Massachusetts – a suburb of Boston – at No. 10. The average home price there is $1.09 million.

Image via flickr/Alex

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