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.