Million Dollar Homes Across The U.S.
Americans are buying homes that are bigger and contain more luxury features than ever.
By some accounts, the million-dollar plus home market is now the strongest segment of many housing markets. The largest areas of million dollar homes cluster in and around big coastal cities and posh beach and mountain resort communities.
California had the highest percentage of million dollar homes, with 4.1 percent of all California homes worth a million or more at the end of 2003. Other centers of million dollar homes include Connecticut (3.3 percent), District of Columbia (3.2 percent), and Massachusetts (2.2 percent).
What buyers get for a million dollars varies greatly from market to market. In expensive Santa Monica, it might buy a two bedroom teardown on a vest pocket lot. In much more reasonable Dallas, it could buy a 5,000 square foot mini-estate with six bedrooms, five baths, and a pool and spa. More...
In Phoenix Arizona you can get a nice custom home in the 5000+ square foot range! Take a look at these other luxury markets: Denver luxury homes, Santa Clarita luxury homes, San Diego luxury homes, South Jersey luxury homes, Naples luxury homes, Paradise Valley luxury homes, Phoenix luxury homes and North Scottsdale luxury homes.