MILLION DOLLAR HOME SALES REACH ALL-TIME HIGH
By Brent Begin, Bay City News Service
January 25, 2006
The amount of $1 million-plus homes sold in California
in 2005 rose for a fourth straight year to its highest mark, according
to a report released Tuesday.
DataQuick Information Systems, a real estate information
service, reported 48,666 homes sold for over $1 million in 2005,
a 47 percent growth from 2004.
The increase was in large part due to an increase
in home values across the board, not just luxury homes, according
to DataQuick President Marshall Prentice.
Several Bay Area cities and communities were named
in the report.
Virtually all houses in the tiny, unincorporated,
Marin County community of Ross, home to stars Sean Penn and Huey
Lewis, were valued at more than $1 million. San Francisco made
the list for its abundance of million dollar condos, and Union
City was mentioned as a community new to the list.
DataQuick's top-25 list included other notable Bay
Area communities like Hillsborough, Saratoga, Cupertino, Mill
Valley, San Jose, Fremont, Danville and Los Altos.
The most expensive home sold in California during
2005 was a six-bedroom, 12-bathroom house on six acres in La Jolla,
Calif. for $23.5 million.
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