Wednesday
June 28, 2017

Cities With the Most Million-Dollar Listings

      |
-A A +A

Cities With the Most Million-Dollar Listings

The share of homes selling for $1 million or more has increased from 3.2 percent in the first quarter of 2014 to 4.3 percent in the first quarter of 2017, according to realtor.com® research. “In more markets than ever before, the million-dollar mark is the new benchmark for that green lawn and white picket fence,” says Javier Vivas, manager of realtor.com®’s economic research team.

Realtor.com® ranked the million-dollar home markets in more than 900 metro areas, comparing the percentage of homes that cost upward of $1 million in the first quarter of 2017 to the first quarter of 2014. Researchers excluded markets where 10 percent or more of listings were already in the million-dollar range in 2014, such as Aspen, Colo., and San Francisco. The following are the metros where million-dollar listings are growing the fastest.

1. Denver

  • Share of $1 million–plus homes in 2017: 9.4 percent
  • Growth in million-dollar homes from 2014 to 2017: 6.1 percent

2. Santa Rosa, Calif.

  • Share of $1 million–plus homes in 2017: 14.1 percent
  • Growth in million-dollar homes from 2014 to 2017: 6 percent

3. Boulder, Colo.

  • Share of $1 million–plus homes in 2017: 14.7 percent
  • Growth in million-dollar homes from 2014 to 2017: 5.7 percent

4. Truckee, Calif.

  • Share of $1 million–plus homes in 2017: 12.4 percent
  • Growth in million-dollar homes from 2014 to 2017: 5.3 percent

5. Fredericksburg, Texas

  • Share of $1 million–plus homes in 2017: 13.6 percent
  • Growth in million-dollar homes from 2014 to 2017: 3.9 percent

6. Heber, Utah

  • Share of $1 million–plus homes in 2017: 10.5 percent
  • Growth in million-dollar homes from 2014 to 2017: 3.7 percent

7. Boston

  • Share of $1 million–plus homes in 2017: 9.9 percent
  • Growth in million-dollar homes from 2014 to 2017: 3.1 percent

Source: “Million-Dollar Housing Boom: Cities Where Seven-Figure Listings Have Skyrocketed,” realtor.com® (June 19, 2017)