2006 US Metros ranked by number of homes worth $1 Million+

[bay_area]

Metro Areas ranked by number of Million-Dollar Homes
Los Angeles-Long Beach-Riverside, CA 324,157
New York-Newark-Bridgeport, NY-NJ-CT-PA 302,816
San Jose-San Francisco-Oakland, CA 278,527
Washington-Baltimore-Northern Virginia, DC-MD-VA-WV 92,576
Miami-Ft Lauderdale-Miami Beach, FL 57,400
San Diego-Carlsbad-San Marcos, CA 57,028
Boston-Worcester-Manchester, MA-NH 51,240
Chicago-Naperville-Michigan City, IL-IN-WI 47,085
Seattle-Tacoma-Olympia, WA 31,473
Phoenix-Mesa-Scottsdale, AZ 26,765
Santa Barbara-Santa Maria-CA 19,806
Philadelphia-Camden-Vineland, PA-NJ-DE MD 19,109
Sacramento-Arden Arcade-Truckee, CA-NV 18,642
Atlanta-Sandy Springs-Gainesville, GA-AL 18,340
Honolulu, HI 15,948
Salinas-Monterey, CA 14,310
Denver-Aurora-Boulder, CO 14,197
Tampa-St Petersburg-Clearwater, FL
Dallas-Ft Worth, TX 12,496
Minneapolis-St Paul-St Cloud, MN-WI 12,231
Naples-Marco Island, FL 11,723
Detroit-Warren-Flint, MI 11,130

According to the US Census American Factfinder

[bay_area]

Here's the number of homes worth $1 Million+ wihin big city limits, no suburbs.
New York, NY 103,334
Los Angeles, CA 80,232
San Francisco, CA 33,066
San Diego, CA 26,339
San Jose, CA 19,142
Chicago, IL 11,757
Washington, DC 11,712
Honolulu, HI 9,772
Seattle, WA 8,386
Oakland, CA 6,669
Phoenix, AZ 5,656
Atlanta, GA 5,362
Long Beach, CA 5,256
Boston, MA 4,738
Houston, TX 4,426
Dallas, TX 3,681
Las Vegas, NV 2,837
Denver, CO 2,718
Tampa, FL 2,328
Miami, FL 2,243
Charlotte, NC 2,330
Jacksonville, FL 2,190
Austin, TX 2,130
San Juan, Puerto Rico 1,479
St Petersburg, FL 1,373
Portland, OR 1,338
Fresno, CA 1,153
Philadelphia, PA 1,129
Minneapolis, MN 1,112
Nashville-Davidson, TN 1,023
Cincinnati, OH 818
Tulsa, OK 747
Ft Worth, TX 632
Orlando, FL 549
Kansas City, MO 467
Oklahoma City, OK 448
San Antonio, TX 386
Sacramento, CA 359
St Louis, MO 312
Omaha, NE 308
Detroit, MI 125
Columbus, OH 109
Milwaukee, WI 73
Tucson, AZ 49
Albuquerque, NM 0
Buffalo, NY 0
Cleveland, OH 0
Pittsburgh, PA 0

[bay_area]

Metro Areas by homes valued at $500,000-$999,999

Los Angeles-Long Beach-Riverside, CA CSA 1,457,148
New York-Newark-Bridgeport, NY-NJ-CT-PA CSA 1,393,929
San Jose-San Francisco-Oakland, CA CSA 941,887
Washington-Baltimore-Northern Virginia, DC-MD-VA-WV CSA 606,061
Boston-Worcester-Manchester, MA-NH CSA 322,636
San Diego-Carlsbad-San Marcos, CA Metro Area 306,958
Chicago-Naperville-Michigan City, IL-IN-WI CSA 261,092
Miami-Fort Lauderdale-Miami Beach, FL Metro Area 201,269
Seattle-Tacoma-Olympia, WA CSA 177,983
Sacramento--Arden-Arcade--Truckee, CA-NV CSA 163,964
Phoenix-Mesa-Scottsdale, AZ Metro Area 135,954
Philadelphia-Camden-Vineland, PA-NJ-DE-MD CSA 135,502

[Gaeus]

I am afraid those cities may have their home price downgraded due to credit crunch. I am hoping this credit crunch will only last for few months.

[bay_area]

Aggregate Value of all owner-occupied housing units, 2006
New York $2.201 Trillion
Los Angeles $1.874 Trillion
San Francisco $1.137 Trillion
Washington DC $945 Billion
Chicago $744 Billion
Boston $620 Billion
Miami $506 Billion
Philadelphia $434 Billion
Seattle $382 Billion
San Diego $362 Billion
Atlanta $329 Billion
Phoenix $327 Billion
Detroit $324 Billion
Minneapolis $297 Billion
Dallas-Ft Worth $252 Billion
Sacramento $250 Billion
Denver $241 Billion
Houston $203 Billion
Tampa $201 Billion
Portland $172 Billion
St Louis $155 Billion
Orlando $151 Billion
Las Vegas $149 Billion
Cleveland $146 Billion
Charlotte $117 Billion
Virginia Beach $114 Billion
Cincinnati $110 Billion
Milwaukee $103 Billion
Pittsburgh $103 Billion
Hartford $101 Billion
Honolulu $101 Billion
Kansas City $101 Billion

US Census Bureau American Factfinder

[NovaWolverine]

huge drop off after the top 3 and another after 4.

[Gaeus]

Originally Posted by bay_area

Aggregate Value of all owner-occupied housing units, 2006
New York $2.201 Trillion
Los Angeles $1.874 Trillion
San Francisco $1.137 Trillion
Washington DC $945 Billion
Chicago $744 Billion
Boston $620 Billion
Miami $506 Billion
Philadelphia $434 Billion
Seattle $382 Billion
San Diego $362 Billion
Atlanta $329 Billion
Phoenix $327 Billion
Detroit $324 Billion
Minneapolis $297 Billion
Dallas-Ft Worth $252 Billion
Sacramento $250 Billion
Denver $241 Billion
Houston $203 Billion
Tampa $201 Billion
Portland $172 Billion
St Louis $155 Billion
Orlando $151 Billion
Las Vegas $149 Billion
Cleveland $146 Billion
Charlotte $117 Billion
Virginia Beach $114 Billion
Cincinnati $110 Billion
Milwaukee $103 Billion
Pittsburgh $103 Billion
Hartford $101 Billion
Honolulu $101 Billion
Kansas City $101 Billion

US Census Bureau American Factfinder

DC is almost in 1 trillion mark but sadly it may take awhile to get to that.

[gladisimo]

As always, per capita numbers are more interesting

[Silver Springer]

Originally Posted by bay_area

Here's the number of homes worth $1 Million+ wihin big city limits, no suburbs.
New York, NY 103,334
Los Angeles, CA 80,232
San Francisco, CA 33,066
San Diego, CA 26,339
San Jose, CA 19,142
Chicago, IL 11,757
Washington, DC 11,712
Honolulu, HI 9,772
Seattle, WA 8,386
Oakland, CA 6,669
Phoenix, AZ 5,656
Atlanta, GA 5,362
Long Beach, CA 5,256
Boston, MA 4,738
Houston, TX 4,426
Dallas, TX 3,681
Las Vegas, NV 2,837
Denver, CO 2,718
Tampa, FL 2,328
Miami, FL 2,243
Charlotte, NC 2,330
Jacksonville, FL 2,190
Austin, TX 2,130
San Juan, Puerto Rico 1,479
St Petersburg, FL 1,373
Portland, OR 1,338
Fresno, CA 1,153
Philadelphia, PA 1,129
Minneapolis, MN 1,112
Nashville-Davidson, TN 1,023
Cincinnati, OH 818
Tulsa, OK 747
Ft Worth, TX 632
Orlando, FL 549
Kansas City, MO 467
Oklahoma City, OK 448
San Antonio, TX 386
Sacramento, CA 359
St Louis, MO 312
Omaha, NE 308
Detroit, MI 125
Columbus, OH 109
Milwaukee, WI 73
Tucson, AZ 49
Albuquerque, NM 0
Buffalo, NY 0
Cleveland, OH 0
Pittsburgh, PA 0

OK RED FLAG!!! Where is Baltimore? they certainly have more than zero in the city limits. The Ritz Carlton Residences anyone? Some of those new crazy rowhomes are also 1million+ and condos in Harbor view too.

[Paddington]

If you're celebrating this, you're a dumb shit. This has nothing to do with wealth, and everything to do with limitations of land/housing, which lead to a squeezing of the middle class. Even young professionals in some of these cities are getting screwed over, and are ending up living with their parents until they can find a job in a cheaper metro with more reasonable housing costs.

[hudkina]

Exactly, the "price" of a house is very different from the "quality" of a house.

For example, this house in Detroit costs $925,000:


This house in San Jose costs $1,059,999:


The one in Detroit did not make the list, the one in San Jose did. So sure, San Jose has more people who are willing to pay $1 million for a house than Detroit, but that doesn't mean that San Jose has the better housing stock. In fact it shows just how messed up Californians are for even thinking about paying $1 million for a crappy ranch like that.

[ArchiTennis]

Location, Location, Location

[dave8721]

I wonder what it would be on a % of total homes basis or at least normalized to population...I'm sure Naples would be pretty near the top since it comes in at #21 in total number of 1mil+ homes.

[-Corey-]

Originally Posted by hudkina

Exactly, the "price" of a house is very different from the "quality" of a house.

For example, this house in Detroit costs $925,000:


This house in San Jose costs $1,059,999:


The one in Detroit did not make the list, the one in San Jose did. So sure, San Jose has more people who are willing to pay $1 million for a house than Detroit, but that doesn't mean that San Jose has the better housing stock. In fact it shows just how messed up Californians are for even thinking about paying $1 million for a crappy ranch like that.

I rather to buy a house in SJ for 1 million than a 900,000 house in Detroit..

[Evergrey]

I'm not sure where you're getting your numbers, dimondpark... but I know that there is at least ONE home in Pittsburgh city limits that is for sale for $1,950,000. But maybe it's just going for twice its real value? lol

http://www.harmonhomes.com/real-esta...etail/16600117

[Gaeus]

Originally Posted by hudkina

Exactly, the "price" of a house is very different from the "quality" of a house.

For example, this house in Detroit costs $925,000:


This house in San Jose costs $1,059,999:


The one in Detroit did not make the list, the one in San Jose did. So sure, San Jose has more people who are willing to pay $1 million for a house than Detroit, but that doesn't mean that San Jose has the better housing stock. In fact it shows just how messed up Californians are for even thinking about paying $1 million for a crappy ranch like that.

Not only location but the weather, crime activity, the great schools and the level of education for children, the community, the surroundings like its near of some of the best National Parks or the great city of San Francisco. Detroit has a good suburban neighborhood but sadly, people outside Michigan only talks about the downtown area which is kind of disappointing because its affecting the suburban area.

So don't think Californians are messed up. There are more Researchers and Engineers living in this area than any part of United States. It is the very center of Research and Development not only in United States, but the whole world which rivals Tokyo and nobody else.

By the way, let's go back to the topic, shall we?

[NovaWolverine]

Yeah, people who took this to be a housing stock barometer are mistaken. It has more to do with location and economy than anything else.

[Xusein]

According to the American Factfinder, there are 48 houses in Hartford worth $1m or more...

The city is still quite undervalued, but you aren't going to find much cheap housing either.

[FMR-STL]

Are those single family home numbers... or do they include apartments, duplexes, high-rise or penthouses..! I'll bet it includes all of the above plus..

[Gaeus]

Originally Posted by NovaWolverine

Yeah, people who took this to be a housing stock barometer are mistaken. It has more to do with location and economy than anything else.

I feel bad for your Baltimore. It seems they forgot about you. It's not even on the list. Good thing its on the Washington-Baltimore-Northern Virginia, DC-MD-VA-WV Area but besides that .....