Top Real Estate Markets for Million-Dollar Homes
By Inman News
Real estate markets in Sun Belt states were the most popular among visitors searching recently for homes listed for at least $1 million on Realtor.com.
The Los Angeles-Long Beach, Calif., metro area dominated those online visits, with 16.1 percent of total searches at Realtor.com in January targeting $1 million-plus homes. Neighboring Orange County, Calif., was a distant second, with 6.3 percent of total searches dedicated to $1 million-plus homes, followed by Miami with a 4.8 percent share. The share of total searches devoted to $1 million-plus properties was 2.7 percent in 10th-ranked Naples, Fla.
Outside of Chicago, at No. 4, the top 10 was dominated by metros in the Sun Belt states -- Atlanta, at No. 8, was the farthest north among those nine markets.
The top three metros are in coastal markets: Los Angeles-Long Beach, Orange County and Miami.
No. 2 Orange County had the highest median list price in January on the list, at $425,000. The next most expensive home markets, respectively, on the list were: No. 10 Naples, with a $365,000 median home list price, and No. 5 San Diego, Calif., with a $349,000 median home list price.
Methodology: This list is based on Realtor.com search data for January 2012. The markets are ranked by the largest share of online searches for properties priced at or above $1 million at Realtor.com during that month.
Read the full report at Inman News: Top 10 real estate markets for $1M-plus home searches.
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