Home sales are down in California and inventory is up. Experts are expecting housing prices to dip soon, but it hasn’t happened just yet. While appreciation is slowing, home prices have still been on the upswing across much of the Golden State.
Stacker has compiled a list of 50 cities and unincorporated towns where home prices have risen the fastest. The list is based on data from Zillow.
Ten California Towns With the Fastest-Rising Home Prices
1. Montecito
-Typical home value: $5,228,572
- 1-year price change: +$1,282,894 (+32.5%)
- 5-year price change: +$1,786,933 (+51.9%)
- Metro area: Santa Maria-Santa Barbara
2. Atherton
- Typical home value: $8,165,725
- 1-year price change: +$1,148,707 (+16.4%)
- 5-year price change: +$1,792,656 (+28.1%)
- Metro area: San Francisco-Oakland-Hayward
3. Rancho Santa Fe
- Typical home value: $3,949,356
- 1-year price change: +$944,389 (+31.4%)
- 5-year price change: +$1,417,768 (+56.0%)
- Metro area: San Diego-Carlsbad
4. Del Mar
- Typical home value: $3,831,292
- 1-year price change: +$910,704 (+31.2%)
- 5-year price change: +$1,467,097 (+62.1%)
- Metro area: San Diego-Carlsbad
5. Newport Coast
- Typical home value: $4,194,447
- 1-year price change: +$908,167 (+27.6%)
- 5-year price change: +$1,314,311 (+45.6%)
- Metro area: Los Angeles-Long Beach-Anaheim
6. Ross
- Typical home value: $4,624,737
- 1-year price change: +$904,034 (+24.3%)
- 5-year price change: +$1,250,401 (+37.1%)
- Metro area: San Francisco-Oakland-Hayward
7. Los Altos Hills
- Typical home value: $5,749,689
- 1-year price change: +$895,535 (+18.4%)
- 5-year price change: +$1,560,204 (+37.2%)
- Metro area: San Jose-Sunnyvale-Santa Clara
8. Summerland
- Typical home value: $3,129,809
- 1-year price change: +$866,563 (+38.3%)
- 5-year price change: +$1,215,920 (+63.5%)
- Metro area: Santa Maria-Santa Barbara
9. Stinson Beach
- Typical home value: $4,954,791
- 1-year price change: +$850,510 (+20.7%)
- 5-year price change: +$1,726,361 (+53.5%)
- Metro area: San Francisco-Oakland-Hayward
10. Los Altos
- Typical home value: $4,480,897
- 1-year price change: +$818,539 (+22.4%)
- 5-year price change: +$1,505,135 (+50.6%)
- Metro area: San Jose-Sunnyvale-Santa Clara
Other towns on the list include Saratoga; Monte Sereno; Hillsborough; Newport Beach; Del Monte Forest; Stanford; Portola Valley; Hidden Hills; Woodside; and Laguna Beach.
The five California metros with the fastest-growing housing prices are:
1. San Francisco-Oakland-Hayward
2. Los Angeles-Long Beach-Anaheim and San Jose-Sunnyvale-Santa Clara (tie)
3. San Diego-Carlsbad
4. Salinas
See the full list from Stacker and methodology here.
List and data were compiled by Stacker and do not reflect statistics on all cities.