In many cities, including Santa Rosa, CA, million-dollar homes are no longer the only for the rich and famous.
"Some of the changes have to do with what a million dollars will buy these days. The county's median home price has registered double-digit gains in all but one of the past five years, jumping from $219,500 in 1998 to $424,000 in 2003, pushing more homes into million-dollar territory.The number of Sonoma County households with a million-dollar income hasn't increased, but factors contributing to the overall real estate market's strength also are pushing the million-dollar market."
Thanks to Christopher D. Brown AICP
FULL STORY: Surge in million-dollar homes
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