CA dominates the Expensive Housing Markets List – Insure high value homes now

Published on November 22, 2016

Did you know?

California has 12 of the top 20 most expensive housing markets in the U.S. according to BusinessInsider.com.

Chances are, if you’re an insurance agent in or near any of these areas, you could use our high value homeowners insurance product to get your customers the coverage they need. See specs on the products below.

But in the meantime, here’s the juice on these high priced housing markets. It adds new meaning to the term, “Golden State” eh?

17. Morgan Hill, California

Average Listing Price: $932,959

Morgan Hill is in Santa Clara County, in the southernmost part of Silicon Valley. It’s a popular commuter town for people who work in the tech industry.

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13. Irvine, California

Average Listing Price: $1.01 million

Irvine is known for its excellent public schools, and is home to UC-Irvine and a number of tech companies including Broadcom and Vizio.

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11. Santa Barbara, California

Average Listing Price: $1.04 million

Santa Barbara lies between the Santa Ynez Mountains and the Pacific Ocean, earning it the nickname of the “American Riviera”.

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9. San Mateo, California

Average Listing Price: $1.09 million

San Mateo is in the heart of Silicon Valley, and is a popular bedroom community thanks to its proximity to both San Jose and San Francisco.

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8. Moraga, California

Average Listing Price: $1.13 million

The affluent town of Moraga is in the San Francisco Bay Area, and is considered to be one of America’s most dog-friendly towns.

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7. Sunnyvale, California

Average Listing Price: $1.27 million

Sunnyvale is a major Silicon Valley hub. Tech companies including Juniper Networks, Fortinet, and Yahoo! are headquartered there.

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6. San Francisco, California

Average Listing Price: $1.29 million

Thanks to the booming tech industry, San Francisco has become one of America’s most expensive places to live.

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5. Los Gatos, California

Average Listing Price: $1.31 million

Los Gatos, also in the San Francisco Bay Area, is home to Netflix.

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4. Redwood City, California

Average Listing Price: $1.43 million

Redwood City sits between San Francisco and San Jose. It is home to technology giants like Oracle and Electronic Arts.

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3. Saratoga, California

Average Listing Price: $1.87 million

Saratoga, on the western edge of Silicon Valley, is known for its wineries and boutique shopping.

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2. Newport Beach, California

Average Listing Price: $1.90 million

Newport Beach, outside of Santa Ana, consistently ranks as one of the wealthiest communities in the US.

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1. Los Altos, California

Average Listing Price: $1.96 million

Los Altos, a wealthy enclave in the San Francisco Bay Area, is known for its excellent private and public schools. It’s home to Google founder Sergey Brin.

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Abram Interstate Insurance Services, Inc. is a California wholesale insurance broker (CMGA) that has licensing and expertise to place business in both admitted and non-admitted markets for personal lines insurance and commercial lines insurance in California and surrounding areas.

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