Newport Beach Takes Top Spot on Expensive Home List

The housing market has taken a battering around the country, but a new report shows one local city can brag about having the most expensive homes in the country.

After surveying regional prices for four-bedroom, two-bathroom homes across the country, Coldwell Banker ranked Newport Beach No. 1 in its latest report.

"Get off of my harbor!"
"Get off of my harbor!"

The $1,826,348 average home price vaulted Newport Beach to the top spot after being ranked No. 8 in 2009.

California cities dominate the list, although Beverly Hills fell out of the top 10 this year, as did Boston.

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