Luxury Property News

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5 Top U.S. Cities for Multi-Million Dollar Homes

The real estate market continues to grow throughout the United States and the most luxurious homes continue to surge in these top 5 cities. Due to an increase in global wealth people are looking to secure their assets by investing their money in real estate, especially residential homes. Naturally when we think of multi-million dollar residences, the mind goes to Los Angeles, San Francisco, and New York City; however, here are 5 great cities that you may want to consider and call home.

1. Atherton, CA

An affluent area of the Silicon Valley, Atherton has remained one of the most expensive cities in the United States for the past few years. This is an area where tech moguls build and live in multi-million dollar homes. In this suburb, even the most modest of houses are multi-million dollar homes. Tech experts that live, or have lived in the area, include Google Chairman Eric Schmidt and Microsoft co-founder Paul Allen. In 2018, the average sales price was $6.7 million, making this the most expensive city to live in in the United States.

2. Atlanta, GA

Atlanta is a growing city with tremendous job opportunities for people of all ages. The Georgia capital has become one of the nation’s fastest growing metropolitan areas with much to offer. The Southern charm of this city offers award winning restaurants, outstanding chefs, CNN Center, and the Alliance Theater. Home to Fortune 500 companies, emerging tech companies, and many artists the growing city is also growing in affluence, creating an increase in the demand for luxury real estate.

3. New York City, NY

New York City is by far one of the most expensive cities to call home, however the luxury housing is well worth the price. Imagine owning your own penthouse in Manhattan, overlooking the entire city. New York City is a city of opportunity and wealth. According to Business Insider, as of 2018 New York City’s median sales price was $1.38 million.

4. Dallas, TX

The fourth most populated city in the United States, Dallas has seen much relocation from businesses and people alike. Companies in Silicon Valley and Los Angeles have begun to move to Dallas, where it is more affordable, but still opulent. Dallas is a growing market for investors, and as large tech companies begin to move to the area there will be a higher need for luxury real estate. This October Supreme Auctions will be holding  a luxury no-reserve auction in the highly coveted community of Preston Hollow, in Dallas. The area has been home to a number of celebrities, politicians, business executives and sports figures, such as George W. Bush, Ross Perot and Mark Cuban. Learn more about the October 19th auction property details and request more information.

5. Houston, TX

Over the past few years Houston, Texas has seen tremendous growth in the luxury real estate market. The city has been ranked second on the annual Fortune 500 list of company headquarters, first for Forbes magazine’s “Best Cities for College Graduates”, and first on their list of “Best Cities to Buy a Home”. Supply and demand for multi-million dollar homes is continuing to grow as the city of Houston continues to grow. According to BizJournals, the sale of single-family homes increased by 2.8% over the past year. If you are interested in investing in your dream property in Houston check out Supreme Auctions October 3rd luxury no-reserve auction taking place in Houston and make Houston your city to call home.

Supreme Auctions luxury real estate marketing program can help accelerate the sale of your property.  If you would like to learn more about selling or purchasing a luxury property through an auction contact Supreme Auctions today! Speak with a consultant to see if your home qualifies for our accelerated marketing process.