House Valuation In Various U.S. Cities Increasing Rapidly
More than 57 percent of the houses in the San Francisco metro area are valued over a million dollars as of this month, according to Trulia. They made up less than a fifth of the market in 2012. Here’s how drastic the change has been (on the map, one dot represents one million-dollar property):
Trulia’s data includes single-family homes, condos and co-ops and represents about 90 percent of all the properties in each market, whether or not they are for sale. Their home value estimates are determined using a combination of listing prices and recent sales in each market.
Close behind San Francisco is San Jose, where 46 percent of homes are valued at a million or more, up from 17 percent in 2012.
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