Where are people buying luxury homes?

Calif. boasts most multi-million dollar home sales

According to recent reports, homeowners are buying their dream homes at a younger age instead of waiting for retirement.

According to Realtor.org and the 2015 Luxury Market Report from the Coldwell Banker Previews International program, young, wealthy individuals are buying homes that would once be considered luxury resort homes. Due to more flexibility professionals have with being able to work from home, homes in expensive, second-home markets are now desirable for wealthy professionals.

Check out what ZIP codes had the most closed sales of multi-million dollar homes from Jan. 2014 to Dec. 2014, according to Realtor.org and Coldwell Banker.

$1-million-plus range:

90266: Manhattan Beach, Calif. (425 sales) 84060: Park City, Utah (397 sales) 94010: Burlingame, Calif. (385 sales) 92037: La Jolla, Calif. (371 sales) 94025: Menlo Park, Calif. (359 sales)

$5-million-plus range:

90210: Beverly Hills, Calif. (104 sales) 81611: Aspen, Colo. (68 sales) 90265: Malibu, Calif. (48 sales) 34102: Naples, Fla. (47 sales) 94027 Atherton, Calif. (46 sales)

$10-million-plus range:

90210: Beverly Hills, Calif. (35 sales) 81611: Aspen, Colo. (25 sales) 94027: Atherton, Calif. (14 sales) 90265: Malibu, Calif. (14 sales) 90077: Los Angeles, Calif. (12 sales)

More Stories

Don't Miss

Latest News