Coldwell Banker is out with a couple of new reports on luxury home-buying that could a) make a lot of us feel excluded from a really swell party b) open some eyes about the sheer volume of cash being spent on high-end homes c) open even more eyes about who's buying those homes.
The reports -- one a study of high-end home listings, the other a survey of "high-net-worth consumers" and their real estate aspirations -- are from Coldwell Banker's Previews International high-end listing service.
The firm's Luxury Market Report lists the nation's top ZIP codes for home sales at three price points: $1 million plus, $5 million plus and $10 million plus.
In that lowest tier, the $1 million-plus sales between July 1, 2013 and June 30, 2014, Burlingame tops the entire United States, with seven other Bay Area ZIPs making the Top 20 list.
Here they are:
|ZIP Code||City||$1 million-plus sales|
In the $5-million-plus category, the Peninsula town of Atherton is No. 3 nationwide, with 44 such sales, and Burlingame (again) is No. 13, with 25 sales. In the $10-million-plus category, Atherton again ranks No. 3, with 14 top-end sales. It's the only Bay Area ZIP code on the Top 20 list.