Sure, our area has some wonderful luxury housing markets, but in the grander scope of the market, how common are those million-dollar listings?
We may hear about luxury real estate on a consistent basis, but luxury listings in the overall housing market are much more sparse than one may think – especially in our local marketplace, where they make up just 3.3 percent of all listings.
Using a fascinating new set of data from Trulia, we put together the following charts, which show not only what percentage of listings in a given market are priced $1 million and above, but also how much square feet that hefty price tag will get you. Very interesting, to say the least!