Real estate markets in Sun Belt states dominated in a list of markets where the largest share of Realtor.com visitors searched for homes priced at $1 million or above in January.

The Los Angeles-Long Beach, Calif., metro area dominated the search locations, with 16.1 percent of total searches at Realtor.com in January targeting $1 million-plus homes. Orange County, Calif., was a distant second with 6.3 percent of total searches dedicated to $1 million-plus homes, followed by Miami with a 4.8 percent share. The share of total searches devoted to $1 million-plus properties was 2.7 percent in 10th-ranked Naples, Fla.

Real estate markets in Sun Belt states dominated in a list of markets where the largest share of Realtor.com visitors searched for homes priced at $1 million or above in January.

The Los Angeles-Long Beach, Calif., metro area dominated the search locations, with 16.1 percent of total searches at Realtor.com in January targeting $1 million-plus homes. Orange County, Calif., was a distant second with 6.3 percent of total searches dedicated to $1 million-plus homes, followed by Miami with a 4.8 percent share. The share of total searches devoted to $1 million-plus properties was 2.7 percent in 10th-ranked Naples, Fla.

Outside of Chicago, at No. 4, the top 10 was dominated by metros in the Sun Belt states — Atlanta, at No. 8, was the furthest north among those nine markets.

The top three metros are in coastal markets: Los Angeles-Long Beach, Orange County and Miami.

No. 2 Orange County had the highest median list price in January on the list, at $425,000. No. 10 Naples, with a $365,000 median home list price, and No.5 San Diego, Calif., with a $349,000 median home list price, were the next most expensive home markets, respectively, on the list.

Methodology: This list is based on Realtor.com search data for January 2012. The markets are ranked by the largest share of online searches for properties priced at or above $1 million at Realtor.com during that month.

Los Angeles-Long Beach

 

Percentage of searches 16.1%
Median list price $320,444

Los Angeles rush-hour image via Shutterstock.

…CONTINUED

Orange County, Calif.

 

Percentage of searches 6.3%
Median list price $425,000

Laguna Beach, Orange County, image via Shutterstock.

…CONTINUED

Miami

 

Percentage of searches 4.8%
Median list price $265,500

Downtown Miami image via Shutterstock.

…CONTINUED

Chicago

 

Percentage of searches 4.0%
Median list price $186,000

Chicago Theater image via Shutterstock.

…CONTINUED

San Diego, Calif.

 

Percentage of searches 3.9%
Median list price $349,000

"San Diego" hot air balloon image via Shutterstock.

…CONTINUED

West Palm Beach-Boca Raton, Fla.

 

Percentage of searches 3.3%
Median list price $224,150

Red Rock Reef in Boca Raton, Fla., image via Shutterstock.

…CONTINUED

Las Vegas

 

Percentage of searches 3.1%
Median list price $121,500

Famous Las Vegas welcome sign image via Shutterstock.

…CONTINUED

Atlanta

 

Percentage of searches 2.7%
Median list price $150,000

Midtown Atlanta image via Shutterstock.

…CONTINUED

Phoenix-Mesa

 

Percentage of searches 2.7%
Median list price $169,500

Superstition Mountains image via Shutterstock.

…CONTINUED

Naples, Fla.

 

Percentage of searches 2.7%
Median list price $365,000

View from Naples Pier in Naples, Fla., image via Shutterstock.

Inman News reporter Paul Hagey compiled this report.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Refer friends to Select and get $200 in credit.Register Here×
Connect Now is less than one week away. Prices go up May 30.Reserve your seat today.×