David Dodd 10:32 a.m., May 25
La Jolla Now Has Nation's Most Expensive Homes, According to New Study
La Jolla's home prices are the most expensive in the nation, according to Coldwell Banker's annual home price comparison index. The study measures home values for select 2,200-square-foot, single-family homes with four bedrooms, 2.5 baths, a family room and two-car garage. Such a home costs $1.842 million in La Jolla, down 2 percent from last year. In second place is Greenwich, Conn., at $1.787 million, down 11 percent. In third is Beverly Hills, $1.77 million, down 19 percent. Of the most expensive 20 locations, 13 are in California. Behind Beverly Hills in fourth through eighth place are Palo Alto ($1.74 million), Santa Monica ($1.65 million), Newport Beach ($1.55 million), and San Francisco ($1.51 million). Other California locales in the top 20 are San Mateo, Palos Verdes, San Jose, Fremont, Oakland, and Long Beach.