San Carlos One of the Most Expensive Housing Markets in U.S.

San Carlos is one of the most expensive housing markets in the country, ranking 11th nationwide out of 2,319 markets and 8th statewide, according to a recent report released by Coldwell Bankers.

The second annual Home Listing Report looked at the average listing price of four-bedroom, two-bath homes in 2,319 markets. San Carlos' average home listing price was $1,108,417. It is one of only 10 cities reviewed in the state to break the $1 million average price mark, and one of 15 nationwide to do so.

"Schools, small-town community feel and mid-peninsula location," realtor Bob Bredel said were the reasons he constantly hears from buyers who want to live in the city of good living. 

Below is a listing of the most expensive housing markets in the U.S. and in California matched to their average home price:

Most Expensive Markets in the U.S. (Out of 2,319 markets)

1. Newport Beach, CA – $2,537,126

2. Pacific Palisades, CA – $1,606,992

3. Stone Harbor, NJ - $1,344,908

4. Ranchos Palos Verdes,CA – $1,312,538

5. Saratoga – $1,281,889

6. Los Gatos - $1,261,176

7. Weston, MA - $1,228,100

8. Greenwich, CT - $1,154,293

9. Mercer Island, WA - $1,143,521

10. Cupertino, CA – $1,140,656

11. San Carlos – $1,108,417

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By State:

1. Newport Beach – $2,537,126

2. Pacific Palisades – $1,606,992

3. Ranchos Palos Verdes – $1,312,538

4. Saratoga – $1,281,889

5. Los Gatos - $1,261,176

6. Cupertino – $1,140,656

7. San Carlos – $1,108,417

8. Santa Barbara – $1,039,100

9. Redwood City – $1,014,909

10. Belmont – $1,010,030

How do you feel about San Carlos being such an expensive market? Why do you live in San Carlos? Let us know in the comments!