Homes over 1M dollars in 100 most populous US metros

[closetohumping 17470]

https://www.redfin.com/news/million-dollar-homes-february-2022/

 

This is by percentage btw:

San Francisco, CA	88.7%	82.2%	6.4 ppts
San Jose, CA	85.9%	68.0%	18.0 ppts
Anaheim, CA	55.3%	27.2%	28.0 ppts
Oakland, CA	55.1%	34.4%	20.7 ppts
San Diego, CA	40.4%	17.6%	22.8 ppts
Los Angeles, CA	38.5%	23.8%	14.7 ppts
Honolulu, HI	37.1%	19.2%	17.9 ppts
Seattle, WA	36.5%	15.5%	21.0 ppts
New York, NY	32.1%	30.1%	2.0 ppts
Oxnard, CA	31.2%	15.1%	16.1 ppts
Albuquerque, NM	25.0%	25.0%	0.0 ppts
Boston, MA	18.1%	12.0%	6.1 ppts
Frederick, MD	13.3%	8.1%	5.2 ppts
Nassau County, NY	13.2%	8.9%	4.4 ppts
Austin, TX	12.3%	3.9%	8.4 ppts
Bridgeport, CT	12.2%	6.6%	5.5 ppts
Miami, FL	11.2%	6.6%	4.6 ppts
Washington, D.C.	10.9%	6.5%	4.5 ppts
West Palm Beach, FL	10.0%	5.2%	4.8 ppts
Denver, CO	9.7%	3.9%	5.8 ppts
North Port, FL	9.6%	4.5%	5.1 ppts
Sacramento, CA	9.2%	3.2%	6.0 ppts
Phoenix, AZ	7.8%	2.8%	5.0 ppts
Cape Coral, FL	7.8%	3.5%	4.2 ppts
Charleston, SC	7.7%	3.8%	3.8 ppts
New Brunswick, NJ	7.4%	3.3%	4.1 ppts
Salt Lake City, UT	7.3%	1.7%	5.6 ppts
Nashville, TN	7.1%	2.9%	4.2 ppts
Newark, NJ	7.1%	3.8%	3.3 ppts
Riverside, CA	7.0%	2.2%	4.8 ppts
Tacoma, WA	6.2%	2.0%	4.2 ppts
Portland, OR	6.0%	2.2%	3.8 ppts
Boise, ID	5.7%	1.1%	4.6 ppts
Fort Lauderdale, FL	5.4%	2.6%	2.8 ppts
Stockton, CA	4.9%	0.6%	4.3 ppts
Dallas, TX	4.4%	2.3%	2.1 ppts
Colorado Springs, CO	4.1%	1.1%	3.0 ppts
Tampa, FL	3.9%	1.5%	2.4 ppts
Providence, RI	3.6%	1.8%	1.8 ppts
Las Vegas, NV	3.5%	1.5%	2.1 ppts
Raleigh, NC	3.5%	0.9%	2.5 ppts
Jacksonville, FL	3.4%	1.5%	1.9 ppts
Montgomery County, PA	3.4%	1.6%	1.8 ppts
Lake County, IL	3.3%	1.6%	1.7 ppts
Charlotte, NC	3.1%	1.3%	1.8 ppts
Chicago, IL	3.0%	2.1%	0.9 ppts
Houston, TX	2.7%	1.5%	1.3 ppts
Atlanta, GA	2.7%	1.3%	1.5 ppts
Baltimore, MD	2.6%	1.3%	1.3 ppts
Orlando, FL	2.5%	1.1%	1.4 ppts
Tucson, AZ	2.4%	0.9%	1.6 ppts
Fort Worth, TX	2.4%	1.1%	1.4 ppts
Philadelphia, PA	2.2%	1.4%	0.8 ppts
Minneapolis, MN	1.8%	1.0%	0.8 ppts
New Orleans, LA	1.8%	1.1%	0.7 ppts
Knoxville, TN	1.8%	0.6%	1.2 ppts
Greenville, SC	1.7%	0.8%	0.9 ppts
Virginia Beach, VA	1.7%	0.9%	0.8 ppts
San Antonio, TX	1.5%	0.6%	0.9 ppts
Fresno, CA	1.5%	0.5%	1.0 ppts
New Haven, CT	1.4%	0.6%	0.8 ppts
Milwaukee, WI	1.4%	0.9%	0.5 ppts
Richmond, VA	1.3%	0.7%	0.7 ppts
Poughkeepsie, NY	1.3%	0.7%	0.6 ppts
Warren, MI	1.1%	0.7%	0.5 ppts
Kansas City, MO	1.1%	0.5%	0.6 ppts
Grand Rapids, MI	1.1%	0.4%	0.7 ppts
Worcester, MA	0.9%	0.2%	0.7 ppts
Cincinnati, OH	0.9%	0.5%	0.4 ppts
Columbus, OH	0.9%	0.4%	0.5 ppts
Indianapolis, IN	0.9%	0.3%	0.5 ppts
Memphis, TN	0.8%	0.3%	0.4 ppts
Camden, NJ	0.8%	0.3%	0.5 ppts
Tulsa, OK	0.7%	0.4%	0.3 ppts
Pittsburgh, PA	0.7%	0.4%	0.3 ppts
Bakersfield, CA	0.7%	0.2%	0.5 ppts
Oklahoma City, OK	0.6%	0.3%	0.4 ppts
Little Rock, AR	0.6%	0.3%	0.3 ppts
Greensboro, NC	0.6%	0.3%	0.3 ppts
Baton Rouge, LA	0.6%	0.4%	0.2 ppts
Louisville, KY	0.6%	0.3%	0.3 ppts
Albany, NY	0.6%	0.4%	0.2 ppts
Omaha, NE	0.5%	0.2%	0.3 ppts
Hartford, CT	0.5%	0.3%	0.3 ppts
Cleveland, OH	0.5%	0.2%	0.3 ppts
St. Louis, MO	0.5%	0.4%	0.1 ppts
Birmingham, AL	0.5%	0.2%	0.2 ppts
Allentown, PA	0.4%	0.2%	0.3 ppts
Detroit, MI	0.4%	0.2%	0.2 ppts
Wilmington, DE	0.4%	0.2%	0.2 ppts
Rochester, NY	0.3%	0.3%	0.1 ppts
Springfield, MA	0.3%	0.1%	0.2 ppts
Gary, IN	0.3%	0.1%	0.1 ppts
Akron, OH	0.3%	0.1%	0.1 ppts
Buffalo, NY	0.2%	0.1%	0.1 ppts
Dayton, OH	0.2%	0.1%	0.1 ppts
McAllen, TX	0.2%	0.1%	0.1 ppts
Columbia, SC	0.2%	0.1%	0.1 ppts
El Paso, TX	0.2%	0.0%	0.1 ppts
Elgin, IL	0.1%	0.1%	0.1 ppts
National	8.2%	4.8%	3.3 ppts

 

Edited March 11, 2022 by closetohumping

[SimonBolivar 10959]

ABQ going hard into the paint.

 

Edit: Which I don't believe that 25% number for them at all. Looking at Zillow, I don't see many over $600K at all.

Edited March 11, 2022 by SimonBolivar

[closetohumping 17470]

10 minutes ago, SimonBolivar said:

ABQ going hard into the paint.

 

Edit: Which I don't believe that 25% number for them at all. Looking at Zillow, I don't see many over $600K at all.

That has to be some sort of data error?  Maybe more like 2.5%?

[crash_davis 23115]

shit is not sustainable or good for the long term health of a nation. 

as a homeowner, i like this since i am considering downsizing and moving to a more remote area where housing won't be so expensive. i'll pocket a massive gain.

as a parent, i worry for my kids when it's time for them to buy homes. 

[tbone_ 14162]

shit is not sustainable or good for the long term health of a nation. 
as a homeowner, i like this since i am considering downsizing and moving to a more remote area where housing won't be so expensive. i'll pocket a massive gain.
as a parent, i worry for my kids when it's time for them to buy homes. 

Absolutely this

[Helobious 9464]

Today I learned that million dollar homes exist in Gary, IN. 

[jimmyjazz 46131]

Those numbers don't align with my expectations very well.

[closetohumping 17470]

2 minutes ago, jimmyjazz said:

Those numbers don't align with my expectations very well.

Other than Albuequerque, which I'm convinced is a mistake, pretty much aligns with me. 

[crash_davis 23115]

I have a Paradisa home. They are pretty big spec builders in Austin. They buy older homes, tear down the old home, and build newer homes. 

Last October, they bought a teardown across the street for $700k (a 2/1 needing a ton of work). They sat on the property for until Feb when they started the tear down and building of a new house. They had enough capital to sit on the property for about 4 months doing nothing. I'm sure they are going to ask $1.5M+ for the new house. There will be multiple offers. 

I realize I am part of the problem but no way did I pay $1.5M for my house, not even close. Shit's fucking crazy. 

[Nice Guy Eddie 13523]

I've been in my houston house for 15+ years. No way has my income kept up with the rise in home costs in my immediate area. I couldn't easily buy back into my neighborhood if I sold. I guess I'm the poor guy in my hood now. I can live with that.

Edited March 11, 2022 by Nice Guy Eddie

[jimmyjazz 46131]

36 minutes ago, closetohumping said:

Other than Albuequerque, which I'm convinced is a mistake, pretty much aligns with me. 

I would have expected NYC and Boston to be closer to SF and SJ.

[SimonBolivar 10959]

11 minutes ago, jimmyjazz said:

I would have expected NYC and Boston to be closer to SF and SJ.

Hey Staten Island is a data point too.

Edited March 11, 2022 by SimonBolivar

[Bullneck 19206]

Bullneck, Jr. goes to a nice boarding school and a couple of his friends from SF were talking:

Girl 1 "My house was 18"

Girl 2 "Oh, wow.  Our house is 10"

He came home and asked what that meant.

San Francisco, CA

88.7%

82.2%

6.4 ppts

 

[Serak The Preparer 3431]

1 hour ago, Helobious said:

Today I learned that million dollar homes exist in Gary, IN. 

Yeah a few headscratchers for sure. I can get Fresno since it's a college town, but Stockton, CA with 5% of homes over $1M? Seems a little odd to me.

[Guest]

1 hour ago, crash_davis said:

shit is not sustainable or good for the long term health of a nation. 

as a homeowner, i like this since i am considering downsizing and moving to a more remote area where housing won't be so expensive. i'll pocket a massive gain.

as a parent, i worry for my kids when it's time for them to buy homes. 

It is in the similar vein of admission standards to universities. How many of us would not stand a chance of getting into UT today? How many of us couldn't buy our current house today?

It's bullshit that because I was born five years before someone else I reached my homebuying years before them and was able to buy in a modest neighborhood. For someone born five years later? Out of luck. Try Elgin.

[We’reTexas 1473]

20 minutes ago, Serak The Preparer said:

Yeah a few headscratchers for sure. I can get Fresno since it's a college town, but Stockton, CA with 5% of homes over $1M? Seems a little odd to me.

The state’s median home price is like $800k, so not that surprising. Prop 13-loving boomer NIMBYs screwing up CA everywhere. 

[Jerry Callo 8727]

1 hour ago, Nice Guy Eddie said:

I guess I'm the poor guy in my hood now.

Poor, but nice.  Always a good neighbor to have.

[TKthunder2 4997]

Watch out Boston, Austin is coming for you.

[Beau Vine 54430]

1 hour ago, Serak The Preparer said:

Yeah a few headscratchers for sure. I can get Fresno since it's a college town, but Stockton, CA with 5% of homes over $1M? Seems a little odd to me.

https://www.realtor.com/realestateandhomes-search/Stockton_CA/price-800000-na?view=map

[closetohumping 17470]

2 hours ago, jimmyjazz said:

I would have expected NYC and Boston to be closer to SF and SJ.

If it’s off of metro area no

[closetohumping 17470]

37 minutes ago, TKthunder2 said:

Watch out Boston, Austin is coming for you.

I mean blew right by dc

[Pescado_Rojo 19428]

3 hours ago, Nice Guy Eddie said:

I've been in my houston house for 15+ years. No way has my income kept up with the rise in home costs in my immediate area. I couldn't easily buy back into my neighborhood if I sold. I guess I'm the poor guy in my hood now. I can live with that.

Same with my house in Georgetown. I'm actually going through this right now. Mrs Rojo and I are divorcing, and she's keeping the house. We have been in the house 9+ years. Built it for just under $300K, and had it appraised for the mediation at a hair under $800K. For now I'm renting a place nearby, but no way would I re-buy in this neighborhood at $250/sq ft. This is a production builder suburb too, and we've had a few larger homes sell over $1M. 

It would be interesting to see what $1M gets you in each of those markets. 

[Not a cat 5704]

3 hours ago, FirstTimeCaller said:

It is in the similar vein of admission standards to universities. How many of us would not stand a chance of getting into UT today? How many of us couldn't buy our current house today?

It's bullshit that because I was born five years before someone else I reached my homebuying years before them and was able to buy in a modest neighborhood. For someone born five years later? Out of luck. Try Elgin.

It's kind of always been like this. My dad graduated UT in 1965 when you pretty much flashed your high school diploma and wrote a check for something like $3 per credit hour (I'm exaggerating but not by much). Right out of college he bought a house in Hyde Park near 45th and Avenue D for what was the equivalent of around 1.5x his salary right out of school.

A new grad would need to make 500k or so to do the same now.

 

 

 

 

[Fudge Nuggets 19224]

2 hours ago, Pescado_Rojo said:

Same with my house in Georgetown. I'm actually going through this right now. Mrs Rojo and I are divorcing, and she's keeping the house. We have been in the house 9+ years. Built it for just under $300K, and had it appraised for the mediation at a hair under $800K. For now I'm renting a place nearby, but no way would I re-buy in this neighborhood at $250/sq ft. This is a production builder suburb too, and we've had a few larger homes sell over $1M. 

It would be interesting to see what $1M gets you in each of those markets. 

Can you PM your ex's number?  I wouldn't mind being a kept man in your old house.

[Upgrayedd 5818]

What the fuck are you carrying a gun for? What, in case somebody steps to you, Snoop Dogg?

Hey man, you're not from here, alright. You don't know how it is. I grew up in L.A.

Anaheim.

[tomahawk dunk 339]

3 hours ago, Beau Vine said:

https://www.realtor.com/realestateandhomes-search/Stockton_CA/price-800000-na?view=map

Nate Diaz representing.

[TwiceHorn 31536]

Were looking to downsize to reduce our tax burden heading into retirement.  I can't see paying what I pay now, even frozen at 65, in retirement.

And that means finding a house, in the City of Dallas, preferably inside 635 or just outside, no fucking outer burbs, for $1M or less, lesser the better.

Pickins are slim, unless you want something under 2000 sq ft.

[Chopper 17245]

5 hours ago, FirstTimeCaller said:

How many of us couldn't buy our current house today?

When I bought my first house the interest rate was 7.25%. I could buy a house now for ~3x what we paid for that 3/2. Looking at zillow's listed prices for that neighborhood, I'd need to up that monthly payment by 20 to 25 percent. FWIW.

When I lived in Santa Fe I checked abq's housing inventory pretty often. You can still buy a very nice house there for less than a mil. Depending on the location you may have to listen to gun shots while you're enjoying the evening on your back patio.

[TwiceHorn 31536]

2 hours ago, Not a cat said:

It's kind of always been like this. My dad graduated UT in 1965 when you pretty much flashed your high school diploma and wrote a check for something like $3 per credit hour (I'm exaggerating but not by much). Right out of college he bought a house in Hyde Park near 45th and Avenue D for what was the equivalent of around 1.5x his salary right out of school.

A new grad would need to make 500k or so to do the same now.

 

 

 

 

UT was $4/hour well into the 80s.  Ann Richards doubled it to 8 and then to 12 and people completely shit themselves.

[Foosters 17888]

23 minutes ago, TwiceHorn said:

Pickins are slim, unless you want something under 2000 sq ft.

 

[Chopper 17245]

I just took the dog out and on the way back picked up today's mail. Among the promotional mail was one from a realtor trolling specifically for people who own million dollar plus houses and who may be interested in selling. The headline was, "There has never been a better time to sell a luxury home over $1,000,000!"

Due to building requirements (code, water rights, raw land availability), they're barely building any new home inventory in Fort Collins let alone in the million dollar plus market. Btw, in Fort Collins zillow shows only 51 Single Family Homes currently for sale anywhere within the city boundaries. 9 are listed at a mil or more.

[closetohumping 17470]

32 minutes ago, TwiceHorn said:

Were looking to downsize to reduce our tax burden heading into retirement.  I can't see paying what I pay now, even frozen at 65, in retirement.

And that means finding a house, in the City of Dallas, preferably inside 635 or just outside, no fucking outer burbs, for $1M or less, lesser the better.

Pickins are slim, unless you want something under 2000 sq ft.

Shit man everything out here feels like it’s u see 2k sq foot

[Foosters 17888]

Have I just been away from Texas too long or are we really saying that 2k sq ft is small?

[NotActuallyALonghorn 4977]

Small for Texas 

[MaybeACoordinator 8349]

For a retired couple that is not small under any circumstances except the minds of the owners. I bet the people who think that would want 3.5 bathrooms to go with their 2000 sq.-ft. 

[Not a cat 5704]

8 hours ago, SimonBolivar said:

ABQ going hard into the paint.

 

Edit: Which I don't believe that 25% number for them at all. Looking at Zillow, I don't see many over $600K at all.

Pool in back, pizza on the roof- that'll get you to 7 figures pretty quickly.

[JerrysJheriCurl 977]

By just glancing, there’s some data points that don’t pass the smell test and defy plain common sense.

ABQ. As folk have already said. I bet a 5 lb bag of green Hatch chile and a meal of chicharrones at Barela’s coffeehouse … that has 0% chance of being accurate.

Frederick MD? … but not Alexandria, VA, which I believe is at least twice the size and twice as nice. Does the list even Bethesda bro?

I could go on, but that obviously has to be clickbait or really shitty journalism/research. 

Edited March 12, 2022 by JerrysJheriCurl

[TwiceHorn 31536]

1 hour ago, MaybeACoordinator said:

For a retired couple that is not small under any circumstances except the minds of the owners. I bet the people who think that would want 3.5 bathrooms to go with their 2000 sq.-ft. 

Well, it is highly likely that MIL will be living with us in the not-too-distant future, so having a bit of space is important.

And yeah, under 2000 sq feet is pretty small for anything not two bedroom.

Downsizing sucks dicks.

[Fudge Nuggets 19224]

10 hours ago, TwiceHorn said:

Downsizing sucks dicks.

I’m looking forward to downsizing my single ass to a 2br condo somewhere in the Caribbean. 

[Hefeweizen 5333]

25 minutes ago, Fudge Nuggets said:

I’m looking forward to downsizing my single ass to a 2br condo somewhere in the Caribbean. 

We’re in the process now.  Selling a 3300 sq foot, moving into a 1300 sf rental, then buying when the time is right.  But I think max is 1500 for us.  It was painful at the start, but it’s liberating getting rid of all that excess shit.

 

And yes I’m in Austin and about to try and cash out.

[DefinitelyNotHollywoodColt 12301]

3 minutes ago, Hefeweizen said:

We’re in the process now.  Selling a 3300 sq foot, moving into a 1300 sf rental, then buying when the time is right.  But I think max is 1500 for us.  It was painful at the start, but it’s liberating getting rid of all that excess shit.

 

And yes I’m in Austin and about to try and cash out.

Liberating but also depressing. We moved and the wife purged maybe $20k worth of shit without blinking an eye. End of each day she was just giddy talking about how good it felt. Bitch you spent $20k on shit that was completely worthless to you.

[Hefeweizen 5333]

Just now, DefinitelyNotHollywoodColt said:

Liberating but also depressing. We moved and the wife purged maybe $20k worth of shit without blinking an eye. End of each day she was just giddy talking about how good it felt. Bitch you spent $20k on shit that was completely worthless to you.

Oh trust me, the furniture being sold on next door by my wife for 20 bucks a pop feels the pain.  I’m not arguing because I don’t have time for that.

[tbone_ 14162]

Sunk cost. Enjoy the liberation.

[DefinitelyNotHollywoodColt 12301]

Just now, Hefeweizen said:

Oh trust me, the furniture being sold on next door by my wife for 20 bucks a pop feels the pain.  I’m not arguing because I don’t have time for that.

We just had random people off the internet just showing up and hauling shit off for free. It was surreal.

 

[Not a cat 5704]

11 hours ago, TwiceHorn said:

 

And yeah, under 2000 sq feet is pretty small for anything not two bedroom.

 

Is it really though?  I grew up in a middle class family of 4 in a 2000 sq foot 2 story and it felt plenty big.  

I currently live in a 4100 sq foot house for me full time and my son half time and I cannot wait to get rid of that albatross (the house, not the kid)

[dingleberryswitzer 2724]

Only way ABQ is that high is if it included Santa Fe which seems to be missing from the list 

[NotActuallyALonghorn 4977]

On 3/12/2022 at 8:02 AM, Not a cat said:

Is it really though?  I grew up in a middle class family of 4 in a 2000 sq foot 2 story and it felt plenty big.  

I currently live in a 4100 sq foot house for me full time and my son half time and I cannot wait to get rid of that albatross (the house, not the kid)

2000 should be plenty for four, imo. Especially if you have good outdoor living space. If you add another to the family it might be a bit small, but I've seen four bedroom plans that fit into 2000 square feet well.

[Ag with kids 581]

On 3/11/2022 at 6:20 PM, TwiceHorn said:

UT was $4/hour well into the 80s.  Ann Richards doubled it to 8 and then to 12 and people completely shit themselves.

I think it was Mark White that it happened under...I'm pretty sure the jump was in 1986 - my freshman year.
 

Still...I look back and think about how fucking cheap tuition was and shake my head.

[tbone_ 14162]

Fall 86 - I recall $12/hr

[Not a cat 5704]

Same time period for me- I recall after all the season ticket packages, rec center fees and student insurance fees, we were looking at 450 or 500 per semester.  That's like 1250 in today's dollars.  So basically 10k for 4 years of tuition- yeah I guess we had it pretty damn good.