{"id":16164,"date":"2023-07-27T14:01:40","date_gmt":"2023-07-27T21:01:40","guid":{"rendered":"https:\/\/www.arizonafoothillsmagazine.com\/in-house\/?p=16164"},"modified":"2023-08-01T15:57:59","modified_gmt":"2023-08-01T22:57:59","slug":"these-ariz-cities-have-the-highest-share-of-1-million-homes-for-sale-report","status":"publish","type":"post","link":"https:\/\/www.arizonafoothillsmagazine.com\/in-house\/in-house-news\/these-ariz-cities-have-the-highest-share-of-1-million-homes-for-sale-report","title":{"rendered":"These Ariz. Cities Have the Highest Share of $1 Million Homes for Sale, Report"},"content":{"rendered":"\n
\"\"<\/a><\/figure>\n\n\n\n

Two cities in Arizona are among the U.S. housing markets with the highest share of $1 million homes for sale, according to a recent Point2 study<\/a>. <\/p>\n\n\n\n

Since $1 million can buy a homeowner more or less depending on the size and location of the market, Point2 analyzed the for-sale inventory of homes listed at $1 million in 30 large cities, 30 mid-sized cities and 30 small cities to determine how high-end and different-sized housing markets compare across the nation.\u00a0<\/p>\n\n\n\n

In Arizona, Catalina Foothills boasts the highest share of homes listed at $1 million within the state, while Phoenix ranks among the 15 highest shares of the 30 largest U.S. cities. Marana, Ariz. was also included in the study, but it has a smaller share of high-end homes for sale, sitting lower on the list of small cities. <\/p>\n\n\n\n

Despite its small market size, Catalina Foothills ranks as the Arizona city with the most homes listed for at least $1 million in Point2\u2019s study, with 33.8 % of listings above $1 million. Nationally, Catalina Foothills ranks No. 6 among the 30 small U.S. cities analyzed in the study, which include East Honolulu at No. 1 (70.5 %), Bozeman at No. 2 (62.4%) and North Bethesda at No. 3 (54.7%). Marana, Ariz. ranks No. 16 with 8.6% of listings above $1 million.<\/p>\n\n\n\n

Of the 30 large U.S. cities analyzed, Phoenix ranks No. 13 with 18.3% of listings above $1 million and 1.1% above $5 million. In Phoenix, the median home price is $435,000, while in the two largest U.S. cities with the highest share of $1 million homes, Los Angeles and San Francisco, the median home price is $926,000 and $1,300,000, respectively.<\/p>\n\n\n\n

Though luxury is typically sought out in larger cities recognized for their glitz and opulence, Point2\u2019s study suggests that smaller cities should not be underestimated when it comes to high-end listings, as shown by Catalina Foothills\u2019s high share of $1 million homes for sale. <\/p>\n\n\n\n

Read the full study here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Analysts looked at different-sized housing markets across the nation to determine how high-end they actually are.\n","protected":false},"author":20,"featured_media":16165,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6],"tags":[1648,1663,4791],"class_list":{"0":"post-16164","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-in-house-news","8":"tag-featured","9":"tag-real-estate","10":"tag-real-estate-news","11":"cs-entry","12":"cs-video-wrap"},"yoast_head":"\nThese Ariz. 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