Real Estate Broad | 2 minute read
Top 10 Most Expensive Cities in North America
BY PropertyShark Staff | May 20, 2014
With the average home price at a staggering $733,335, Vancouver tops the list of the 10 most expensive cities in North America by average home prices. The list, compiled by the Financial Post, also features 2 other Canadian cities, Toronto and Calgary, while the remaining 7 cities are all from the USA. 3 of the top 5 cities are from California.
1. Vancouver
Average home price: $733,335
The average price for a single family home in Vancouver rose 221% from 1999 to 2012, while the price of the average condo rose 148%. With an average home price of $733,335, Vancouver is the undisputed leader in the list of the most expensive cities in North America.
And here’s what $733,000 can buy you in Vancouver:
2. San Francisco
Average home price: $682,410
The most expensive city in the United States, San Francisco, has an average home price of $682,410. The surge of prices in the San Francisco Bay Area may largely be attributed to a booming tech industry.
3. San Diego
Average home price: $476,790
Completing the top 3 is San Diego, the second Californian city on our list. Improved economy, job growth and increased demand are a few of the interconnected factors that resulted in high real estate prices in San Diego, which for now and for the foreseeable future, is a desirable destination.
4. Toronto
Average home price: $475,206
Coming in on fourth place is Toronto, the second Canadian city on our list. A vibrant city with a lot to offer, Toronto continues to attract people from all over the world. And according to Huffington Post, this is not going to stop anytime soon either.
5. Los Angeles
Average home price: $423,900
The city of angels closes the top 5, with an average home price of $423,900. According to Variety, year-over-year residential sale prices are already up by 18.4% in early 2014, while the inventory of homes for sale is low. And here’s what $420,000 can buy you in Los Angeles:
Finally, here are the other 5 cities in the top 10, that features a surprising Calgary, which is more expensive than New York City:
6. Calgary
Average home price: $400,000
7. New York City
Average home price: $386,300
8. Boston
Average home price: $371,300
9. Washington, D.C.
Average home price: $368,000
10. Seattle
Average home price: $344,400
Latest Posts
Want to stay on top of the real estate market?
Access comprehensive property data and ownership information with intuitive research tools.
POSTED IN: Real Estate Broad
Recent Reports
World Cup or Your Mortgage/Rent? Ticket Prices Rival Host City Housing Costs
World Cup ticket prices rival monthly housing expenses in the 11 U.S. host cities, with even the cheapest seats covering weeks or even months of rent or mortgage payments.
Locked-In Owners, Mobile Renters: Homeowners Stay Put as Renters Move 3.7x More Across Largest U.S. Cities 
Renters became the primary drivers of long-distance mobility across the largest U.S. cities, moving 3.7 times more than owners in 2024, as high mortgage rates and housing costs kept many homeowners in place.
$4.6M Hudson Yards Maintains Top Spot, Luxury Sales in Malba Set $2.5M Price Record for Queens
Despite prices declining, Hudson Yards remained the most expensive NYC neighborhood, but TriBeCa’s growth closed the gap to under $400,000, while Malba set a new historic price record for Queens at $2.5 million, securing the highest ranking ever for the borough at #5.