Most High-End Real Estate Markets of 2015
2015 is over and done with but let’s not completely dismiss the most valuable and high-end real estate markets of the year. This article on Zillow’s blog by Jordyn Lee might give us some insight as to what might be trending in 2016 for high-end real estate. It looks like places with the highest home value at the end of the year were Los Angeles and some Orange County areas. The most amount of rent paid was in the New York/Northern New Jersey areas. Is this a surprise for you? We imagine 2016 might have similar end of year results!
Here are the 10 most high-end real estate markets and the 10 markets that paid the most rent in 2015 listed in Zillow’s blog post.
Total home value at year end
Los Angeles-Long Beach-Anaheim, CA – $2.4 trillion
New York/Northern New Jersey – $2.3 trillion
San Francisco, CA – $1.2 trillion
Washington, DC – $939 billion
Miami-Fort Lauderdale, FL – $773 billion
Chicago, IL – $741 billion
Boston, MA – $634 billion
San Jose, CA – $614 billion
San Diego, CA – $574 billion
Philadelphia, PA – $567 billion
Total rent paid at year end
New York/Northern New Jersey – $55.9 billion
Los, Angeles-Long Beach-Anaheim, CA – $34.5 billion
San Francisco, CA – $16.7 billion
Chicago, IL – $16.5 billion
Washington, DC – $14.0 billion
Boston, MA – $13.4 billion
Houston, TX – $13.1 billion
Dallas-Fort Worth, TX – $12.8 billion
Miami-Fort Lauderdale, FL – $11.2 billion
Seattle, WA – $10.2 billion