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California’s Most Expensive Home! California boasts one of the United States’ most expensive real estate markets, led by the city of San Francisco with the nation’s highest median home price of $1.5 million. San Jose, Oakland, and Los Angeles also rank in the top ten by the same measure. California’s current priciest home, however, isn’t in one of those urban centers. Currently owned by hedge-fund manager and Julliard school-chairman Bruce Kovner, the cliffside estate known as “Sanctuary at Loon Point” overlooks the central California coast from the beach town of Carpinteria. If the property gets its $160 million asking price,...