
California’s Million-Dollar Home Sales Increased 47% in 2005

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NUMBER OF HOMES
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Source: DataQuick Information System
Copyright© 2006,
California Association of Realtors®
The number of million dollar home sales has
significantly increased in the past 10+ years in California as you can
see in the chart above. Housing has been an incredible
investment here over the years.

Copyright©
California Association of Realtors®, 2005
Prices in our area are
very high, but if you look at an international comparison,
we are far from the highest.
Local communities with average sales prices
over 1 million:
These numbers represent sales reported to our Contra Costa Association
of Realtors® multiple listing service. Some sales in the million $ range,
were not reported for privacy
purposes.
Average Closed Sales
Prices 2003-2005
(Single Family Detached Homes)
Communities with average sales prices over $1M
Single Family Detached
Homes
| |
2005 |
2004 |
2003 |
|
Alamo |
$1,606,531 |
$1,395,691 |
$1,268,096 |
|
Blackhawk |
$1,644,452 |
$1,448,464 |
$1,231,254 |
|
Danville |
$1,168,458 |
------ |
------- |
|
Diablo |
$2,006,375 |
$2,113,654 |
$1,917,666 |
|
Lafayette |
$1,232,618 |
$1,010,986 |
$932,046 |
|
Moraga |
$1,189,749 |
$1,012,304 |
$860,377 |
|
Orinda |
$1,258,745 |
$1,146,019 |
$1,010,598 |
|
Pleasanton |
$1,032,613 |
------ |
------ |
|
Orinda |
$1,258,745 |
$1,146,019 |
$1,010,598 |
_______________________________________________________
Million Dollar homes are now
very prevalent in our area. The $$$
symbols below indicate communities that have numerous
single-family homes valued in the $1,000,000+ price range. The
communities noted below are: Orinda, Lafayette, Moraga, Walnut Creek,
Alamo, Danville, Diablo, Blackhawk, and Pleasanton. Also included would
be Montclair, Piedmont, Oakland, Berkeley, and San Francisco.
There are also many million dollar valued homes on the SF Peninsula, and
in Marin, Sonoma and Napa Counties. There may be other areas that I
have not mentioned. All these communities, of course, have
many homes valued
in lower price ranges too.

Criteria:
(1) Experience, Experience, Experience
If you are interested in finding
a home in the million $ plus price range, your agent's level of
experience and knowledge becomes especially important. The complexities
of homes usually increases as the prices get higher and higher.
Agents need to be knowledgeable
of many areas of potential problems and alert Buyers to the importance
of contacting experts to deal with the myriad of complexities with these
types of properties. Typical areas that might need investigation
would be earth movement history, soils conditions, drainage, retaining
walls, foundations, electrical systems, heating systems, alarms,
irrigation systems, pool-spa systems, roofs, lot line issues, private
roads, etc. Choose your agent very carefully in this price range. First
requirement: LOTS of experience in the real estate business and sales
history in the million plus
price range.
Need recommendations for an agent?
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