Business Insider just released an eye-opening list of the 15 most expensive housing markets in the United States. Unsurprisingly, California dominates, with Malibu leading the pack and San Francisco rounding out the top five. The most notable city missing from this list? New York, NY. The closest community to Manhattan to make the top ten is the posh beach town Stone Harbor, NJ.
Before you triumphantly brag to your West Coast friends that NYC is a better value overall, just keep in mind this list is comparing the average listing price of a four-bedroom, two-bathroom home. And, in New York City, the price of housing greatly varies across all five boroughs. For $1.1 million you could get a three-bedroom apartment in Washington Heights, a tiny one-bedroom in the East Village, or a four-bedroom house in Queens. We have to admit, as much as we love our city, we feel a little bit of real estate envy. A two-bedroom loft in Chelsea can set you back a cool $2.1 million, but for $400,000 less you can get a modest Malibu mansion on some of most covetable beachfront property in the world. But, how are the doughnuts? (Business Insider)