We have freinds in town from LaJolla...

And while they are not here exclusively to see us, we are looking forward to spending some time with them.

So imagine my surprise when I stumbled across this article from *luxist*

You can read the entire article *here* but this is basically a re-post.

La Jolla Is The Most Expensive Real Estate Market

by Deidre Woollard (RSS feed) Sep 25th 2009 at 3:01AM

Coldwell Banker has released their 2009 Coldwell Banker® Home Price Comparison Index (HPCI) and found that La Jolla, California is the most expensive market. In fact there is an over $2 million gap between what they deem the most expensive and most affordable U.S. housing markets. The comparison of similar 2,200-square foot homes in 310 U.S. housing markets found that the average home price in La Jolla, California is $2.125 million while at the other end of the spectrum, Grayling, Michigan was the most affordable market in America, where a similarly sized home costs $112,675. California fared badly, 13 other California markets are on the most expensive list while Grayling was one of 20 Midwest communities on the most affordable list (others include Akron, Canton, Detroit and Wichita).

Looking at four-bedroom, two-and-a-half bath homes in the United States, thirty percent of the markets show this type of home to be below $200,000, while half of the markets surveyed showed an average price for this type of home to be less than $300,000 meaning there are deals out there. The cumulative average sales price of the four-bedroom homes surveyed in the 310 U.S. markets (including one in Puerto Rico) covered in the Coldwell Banker HPCI is $363,460.

The mention of La Jolla gave me a chance to check in on one of my favorite estates which happens to be in the seaside town. The Razor was once listed at $39 million, it was $32 million when I covered it in April and is now down to $28 million.