Real Estate

Five Most Expensive Places to Buy Property in California

California is one of the most expensive states in the United States of America. This state is home to about 39.3 million people and it is ranked at 34th number in being the most populated state of the world. Los Angeles is the largest city in California and this state has an exceptional economy and economic growth. It is a great state to live in and most people wish to own a house in California. However, it can get difficult to do so because California is one of the most expensive places in the US to buy a property. The rates of property in every city of California vary. Here are five of the most expensive places in California.

5)San Jose

It is quite expensive to live in San Jose even for property cash buyers. Only those who have their pockets filled can afford to live in this luxurious city of California. San Jose is also the most populous city in Northern California. The majority of common people cannot afford to live here. The price of an average house in San Joes would approximately be around $1,332,680. Moreover, if the house is rather bigger and more lavish, the process would further increase.

4)Los Altos

Los Altos has one of the most expensive real-estate trends, not only in California but in the entire United States of America. This city is considered to be one of the best places to live in California. The crime rate is also quite low in Los Altos and it gives out a serene and peaceful vibe which is why most people prefer to live in this city.

It is one of the most expensive places in California and contains some of the best educational institutions. The price of an average home in Los Altos is estimated to be around $3,150,000 to $3,435,136.

3)Palo Alto

Palo Alto is a beautiful city in California which was named after ‘El Palo Alto, which was a coastal redwood tree. This city is known for having several sites that are rich. It has a few forests as well and the climate in this city remains the Mediterranean i.e. the summers can get quite dry while the winters turn out to be wet.

Palo Alto is one of the most expensive cities in California. The average price of a median house in Palo Alto could be approximately around $2,850,000 to $3,522,000. The housing market in this city is quite competitive and the majority of the population is eager to buy a home in Palo Alto. The increase in demand naturally increases prices.

2)Beverly Hills

Beverly Hills is a beautiful city that is considered to be one of the most affluent in California in terms of standards of living and real-estate. Although, the crime rate in this city is quite low, yet some cases of property crime have taken place here. The average price of a median house in Beverly Hills is estimated to be around $4,080,000 to $5,695,000.

1)Anaheim

The property rates in Anaheim are quite high. It is considered to be one of the most expensive cities in California. Moreover, it is also said to be the happiest place on earth, mainly because it has the Disneyland resort in it. The price of an average house in Anaheim is estimated to be about $708,000 approximately.

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