Top 10 States Where US Property Millionaires Live

Roxana Baiceanu —  May 20, 2013 — 1 Comment

More than 2.5 million wealthy people in the US currently own homes that are worth $1 million or above, our data shows. The number comes close to the entire population of Jamaica and is about 10 times more the number of property millionaires in the UK!

California is #1 State

Judging from the number of homes currently valued at $1 million and over, California and New York boast the biggest number of property millionaires in the US. There are currently around 800,000 multimillion-dollar properties in California, which means that the state has been attracting almost one third of the number of millionaires nationwide. This is also twice the number of property millionaires living in New York.

Check out the map below for the top 10 US states by number of millionaires:

01 US Map Millionaires Top 10 States Where US Property Millionaires Live

And here are the numbers, crunched by our analysts:

Table with no of US millionaires Top 10 States Where US Property Millionaires Live Top 10 Cities with Multimillion-Dollar Homes

Although California is the #1 state by number of property millionaires, the City of Los Angeles counts  for only(!) 100,000 multimillion-dollar properties. In the city category, New York City ranks the highest, with 250,000 multimillion-dollar homes. Everybody knows, however, that the real estate market fell much less in New York than it did in LA, although, according to LA Times, LA is becoming a tough market to find bargains.The only city that has made it onto this list and is not located on either coast is Chicago.

Table with US cities by number of property millionaires2 Top 10 States Where US Property Millionaires Live

Check out the maps below for county rankings in California and New York State:

LA is #1 county in California, followed by Orange and Santa Clara.

02 California Map Top 10 States Where US Property Millionaires Live

 

Whereas in NY State, New York, Westchester and Suffolk counties occupy the highest positions. It seems that ocean-front properties are really playing their part in this ranking! 03 NY Map Top 10 States Where US Property Millionaires LivePHOTOS! If you’d like to take a look at some of these pricy homes, you can access the slideshow put together by our friends at Huffington Post.

In California Real Estate, New York Real Estate, US Real Estate , ,
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Priciest and Cheapest Toronto Homes to Hit the Market: April 29th-May 5th

Mihaela —  May 7, 2013 — Leave a comment

 

Top 3 Priciest Homes to Hit the Market:

 

#1.       126 Dinnick Crescent, Toronto

Asking price: 2,150,000 CAD
Agents: Marian Neal & Carver Fraser (RE/MAX Hallmark Realty Ltd., Brokerage)

 1 Priciest and Cheapest Toronto Homes to Hit the Market: April 29th May 5th

126 Dinnick Crescent, Toronto; 2,150,000 CAD

Situated in the Lawrence Avenue East neighborhood, this 2,980 square foot house has 4 bedrooms and 6 bathrooms. It has many traditional features (as the listing description says), including wainscoting, Brazilian Cherry hardwood floors, and a fireplace. It is professionally landscaped, close to the golf courses and yes, it even has a pool.

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In Canada Real Estate
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Priciest and Cheapest Toronto Homes to Hit the Market: April 22nd – April 28th

Mihaela —  May 2, 2013 — Leave a comment

Last week’s priciest home to hit the Toronto market was the house on 304 Taylor Road in the Rouge Valley, which is listed for 1,250,000 CAD (550,000 CAD cheaper than the priciest home from the week before it).

toronto1 Priciest and Cheapest Toronto Homes to Hit the Market: April 22nd April 28th

304 Taylor Road, Toronto; 1,250,000 CAD

The house, with an area of 2,101 square feet, has 3 bedrooms and 3 bathrooms. Another major advantage is that it is overlooking the Rouge River and has access to the Rouge National Park. The property offers the unique opportunity of combining the ease of living inside the city with taking advantage of nature’s beauty.

Other features are the two fireplaces, the dining room with walk-out to deck, a large living room with deck window, and a spacious family room with walk-out to patio. Continue Reading…

In Canada Real Estate ,
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15 Broad Street

Top 10 Manhattan Spots to Find Pet-Friendly Apartments

Roxana Baiceanu —  April 30, 2013 — Leave a comment

If you think it’s hard to find a home in Manhattan due to the shortage in inventory, just imagine how pet-owners might feel. Many apartment buildings have gotten more strict about their pet policies, making it increasingly difficult for owners of pets of a certain size, breed and, of course, number to find a welcoming home.

In case you’ve been out and about Manhattan for a while now, trying to find an apartment for you and your pet, this post may help you decide where to start your search.

Our analysts have looked at listing descriptions and city property records and compiled lists with top-10 neighborhoods, streets and buildings where you can find a place that allows pets.

So, where exactly can you start?

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In New York Real Estate
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Priciest and Cheapest Toronto Homes to Hit the Market

Catalin —  April 23, 2013 — 1 Comment
priciest toronto Priciest and Cheapest Toronto Homes to Hit the Market

Hillcrest Ave, Toronto, Ontario: 1,800,000 CAD

The priciest home to hit the market last week is a house on Hillcrest Avenue, priced at 1,800,000 CAD. According to the listing description, this 3 bedroom home has a lot of investment potential . Yonge and Sheppard was a single-family detached neighborhood, but now, with blocks of condos across the street, the owner thinks it is a ‘good opportunity for investors and builders’. Sheela Choudhari, from Homelife Landmark Realty, has the listing.

The second most expensive unit that came on the market last week is a condo on 180 University Avenue and is listed by Century 21-agent Ken Yeung. Having an asking price of 1,488,800 CAD, this 1,534 square foot condo is located above the Shangri-La Toronto 5 star hotel. This stunning 2 bedroom and 3 bathroom condo has all the facilities a modern home needs. Also, it has access to the hotel’s amenities, services, security and spa (pay per use) and is one of 572 units in this 66-story tower. According to the agency’s website, the prices of the condos here go from 1,000,000 CAD to 9,300,000 CAD. Continue Reading…

In Canada Real Estate ,
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Upper East Side is Queen of “Fixer-Upper” Listings

Roxana Baiceanu —  April 10, 2013 — Leave a comment

For those looking to buy a home in Manhattan, the market seems to be currently sending some rather discouraging signals. The rapidly shrinking inventory has paired up with a jump in home prices, which buyers are now more reluctant to pay.

But don’t lose hope, call a contractor and equip yourself with a saw and drill, as there might be an alternative — homes in poor condition, a.k.a. “fixer-uppers,” or simply wrecks. And not just anywhere, but on the coveted Upper East Side! Point2Homes data, provided exclusively to Curbed NY, reveals that the majority of NYC homes for sale in this category are located on UES –14 in total.

According to an article in the New York Times, buyers’ interest in Manhattan homes that need repair work has grown considerably throughout 2012 and is expected to continue to do so. In case you’re wondering what the available inventory is right now, our analysts have crunched the numbers for you.

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Top-20 Most Popular Listing Keywords in Canada

Roxana Baiceanu —  April 4, 2013 — 1 Comment

What are those powerful words that can make a home-for-sale description more appealing in Canada? Our study indicates that much like their US fellow professionals, Canadian real estate agents place a lot of importance on “hardwood floors,” but location seems to be a factor of more importance than in the US.

A while back we published a study in which we revealed the most popular keywords US agents use to list homes. So when our Canadian readers asked us if we could expand the study to cover the Canadian real estate marketplace, we started to mine Point2Homes’ homes for sale in Canada and put together some lists, which were exclusively featured in The National Post.

Now it’s time to show you here, on our blog, what the most frequently used words for advertising homes for sale in Canada are.

Mapping the most popular listing keywords in Canada

After scanning approximately 40,000 listings which were active between January and June 2012, we found that the top 3 words were “hardwood floors” “beautiful,” and “stainless steel appliances.” Except for the difference in ranking, this perfectly matches to the top-3 words used in the US! “Private” and “spacious” are two other common words found in the top-10 lists for both countries.

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Barbados pool

Homes for Sale in Barbados Have Whopping Price Tags

Roxana Baiceanu —  March 13, 2013 — 1 Comment

We may like our homeland, but if we had the means, few of us would say “no thanks” to owning a vacation home abroad. Most of us don’t get tempted by just any home in just any country, so Point2Homes has looked for you at properties for sale in one of the most dreamed-of tourist destination in The Caribbean — the island of Barbados.

We were a little surprised to find that many Barbados homes are listed for median prices close to $2 million.

Point2Homes data shows that these are spread over more than half of the island. Just to make a quick comparison, in 2012 homes in the Hamptons, another preferred destination for Americans (New Yorkers in particular) looking for a second home, sold for median prices lower than $1 million.

What does “pricey” really mean in Barbados?

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Top 10 Most Expensive Cities for Settling Down In

Roxana Baiceanu —  March 4, 2013 — Leave a comment

If you travel often, either for business or pleasure, you might have caught yourself dreaming at least once about moving permanently to one of the places you’ve stayed in. Some might actually see this dream come true, but if you like one of the more expensive cities for travelers, it might be helpful to know that in some of them average home prices are around $1,000 per square foot.

The Economist’s Intelligence Unit (via CNN) has recently released a list of the world’s 10 most expensive cities for travelers and employees based on the cost of several essential everyday items. According to their findings, Tokyo is the most expensive city in the world. But when travelers think about becoming residents of any of these cities, it’s important to know how much they should expect to pay for a home in these cities compared to the average local earnings.

Point2Homes analysts took a look at the same cities from the home buyer’s perspective and got completely different rankings, almost opposite in some cases*. Here’s a sneak-peak: Caracas, #9 in CNN’s rankings, tops the list while Tokyo moves down 4 places.

And this is how our top 10 looks at a glance, next to CNN’s:

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Big Mac Puts a Time Stamp on US Real Estate’s Appeal For Foreign Buyers

Roxana Baiceanu —  February 20, 2013 — 1 Comment

McDonald’s popular meal may provide real estate professionals with some food . . . for thought.

Tracking the price variation of the iconic Big Mac across the globe may reveal that what several foreign real estate investors currently pay for a home in the US in their local currency is many times different than what it should cost them. We’ve compared 2013 to 2006 and the differences may surprise you!

Burgernomics and The Big Mac Index

The Big Mac index was introduced by The Economist in 1986 in order to show the volatility of currencies across the globe and, in turn, the (in)stability of national economies.

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In New York Real Estate, US Real Estate , ,
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