Sammamish Home Values Expected to Rise to $1 Million In Next Year

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Cities where the average home will cost a million dollars, or more, are not that common in the U.S. – but the list is consistently growing.

According to market research, only 197 cities of the more than 10,000 analyzed have a median home value of $1 million or more. Over the past year 33 cities joined the list and over the next year another 23 cities are expected to join.

Most of the country’s million dollar real estate markets are in California, where 111 of the 197 markets are located. The next most represented states is New York, with 30 million-dollar cities.

While the appreciation of home values is expected to slow over the next year, the number of cities were most of the homes are valued over $1 million will reach an all-time high.

These are the 13 new areas expected to join the “million dollar club” over the next year

Burbank, California

Morgan Hill, California

East Palo Alto, California

Los Alamitos, California

Broadmoor Village, California

Daly City, California

Alameda, California

La Habra Heights, California

San Clemente, California

Seal Beach, California

Fairfax, California

Belmont, Massachusetts

Dana Point, California

Woodbury, New York

Franklin Lakes, New York

Roslyn, New York

Bellevue, Washington

Brisbane, California

Lexington, Massachusetts

Anna Maria, Florida

Sammamish, Washington

Newark, California

Biltmore Forest, North Carolina

 

 

Originally published by Fox Business

Christine Kipp