Mary Chao Rochester Democrat and Chronicle Published 10:33 p.m. UTC Aug 17, 2018 Million-dollar homes are rare in the Rochester area. So are homes in the coveted East Avenue area of Douglas Road and East Boulevard, said Michael Haymes of ReMax Realty Group, the co-listing agent for a grand Georgian Colonial at 91 Douglas Road. The mansion, which is in the heart of the preservation district, has been completely updated highlighting the home's dramatic architecture. Each room is perfectly decorated reflecting the glamour of the 1920s. It just went on the market for $1.2 million. The couple who owns the home, John and Susan Burt, have decided to downsize, said co-listing agent Randy Young. They purchased the home in 2011 for $975,000 and invested heavily in upgrades, including mechanical improvements for the home built in 1929. "The home is turnkey," Haymes said. Walk into the home and visitors are greeted with a turning staircase with iron banister in the … [Read more...] about Million dollar homes in Rochester? Here’s one for sale off East Avenue
10 million dollar homes
Denver ranks No. 10 in cities with the highest share of million-dollar homes, according to a new report by LendingTree. But for those following recent real estate trends, this revelation may not come as a surprise. A recent report by the Denver Metro Association of Realtors found that the year-to-date sales of luxury homes for the first half of 2018 was greater than the number of sales during the same time period in the past few years in the Denver metro. Jill Schafer, an agent for Kentwood Real Estate and DMAR committee member, said she expects to see this trend to continue. “I don’t see it slowing down,” she said. “I think we’ve had a bit of a seasonal slow down, but I just don’t see it changing.” Of the top 10 cities with the highest concentration of million-dollar homes, Denver is the farthest city inland, according to the LendingTree report. The majority of the top 10 cities line the coasts, with several clustered in California. San … [Read more...] about Denver ranks No. 10 in cities with highest share of million-dollar homes
Coldwell banker reports that million dollar homes in the Dallas area took an average of 69 days to sell in the second quarter, compared to an average of 80 days in the same period of 2017.And sellers received about 94 percent of their asking price.Sixteen Dallas-area homes now up for sale have price tags of $10 million or more, according to Realtor.com. The just-listed Crespi Estate in North Dallas with an asking price of $38.5 million is the highest price house on the market in North Texas.Sellers received an average of 93.6 percent of their asking price, compared to 93.3 percent in Q2 2017The most expensive second quarter sales were a $13.5 million estate in Dallas and a Highland Park house that went for $8.27 million, according to Coldwell Banker.For the first half of 2018, North Texas million dollar home sales are still up about 4 percent with 896 properties sold, according to the local multiple listing services. … [Read more...] about Fewer Dallas-area million dollar homes sold in the second quarter
The biggest jumps in million dollar home buys are in pricey Florida, Northeastern and West Coast markets were median home prices are already through the roof. Median home prices in many California neighborhoods top $1 million.Also, with huge hikes in home prices in recent years across the U.S., houses that were priced lower a few years ago have now bumped above the million-dollar mark.Million dollar home sales are up almost 20 percent this year in Sarasota, Fla and are about 16 percent higher in Naples, Fla and Queens, N.Y.Seattle and Monterrey and San Jose, Calif are also seeing large increases in luxury home purchases, according to Realtor.com In North Texas, million dollar home sales were up 4 percent in the first half of 2018 compared to the same period last year. That's four times the percentage increase in overall preowned single-family home purchases in the area.Almost 900 houses priced at $1 million or more sold in North Texas in the first half of the year, according to … [Read more...] about Why are Americans making more million-dollar home buys?
Posted June 29, 2018 at 08:10 AM | Updated June 29, 2018 at 08:13 AM By Erin Petenko | NJ Advance Media for NJ.com Use the map below to zoom in on communities in New Jersey. Click or tap the dots for more information about each home. For a state of struggling, ordinary folk, New Jersey sure has a lot of millionaires. The Garden State is home to roughly 60,000 residential properties worth over a million dollars. That's about 1 in every 43 homes. In some places, they are the exception, standing out like palaces. In other places, you're the exception if you don't own one. Wealthy areas in North Jersey and the Shore, swimming in property taxes, stand in sharp contrast to lower-income areas in South Jersey and rural counties. The county breakdown In New Jersey, the top 20 percent of residents earn more than half of all income, according to the 2012-2016 Census snapshot. The top 5 percent of residents — the wealthy homeowners on this map — earn … [Read more...] about All 59,588 million-dollar homes in N.J. on one map. See the mansions in your town.