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Ugliest million-dollar home?

Posted by Scott Van Voorhis April 2, 2014 10:32 AM

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Depending on where you live in the grand old U.S. of A., having a million dollars to blow on a home will either make you a prince or just another pauper.

Jed Kolko, chief economist for real estate website Trulia, put together this pretty entertaining look at what a million will buy in various cities and suburbs across the country.

But what really got my attention is the cramped-looking townhouse in San Francisco that's displayed prominently at the top of Trulia's report, all 1,424 square feet of which can be yours for just $1,095,000.

Maybe it's just the outrageous price that makes it seem ugly. Still, the dull colors, the monotonous design of the row of attached town homes, and the lack of any redeeming greenery certainly don't help!

Yet whether it;s outrageous for San Francisco is another matter, with more than 43 percent of all listings at $1 million and up, Trulia notes.

Here's a comparable townhouse out in Marlborough that selling for $313,000 - there's even a tree out front and you get a lot more space, 2,340 square feet of it.

Of course, we are hardly immune in Greater Boston to the relentless rise in the number of $1 million-plus homes.

Middlesex County, comprising Boston's western suburbs, including Marlborough, has one of the highest percentage of homes listed at $1 million and up, account for more than 13 percent of the market.

Boston is a close second, at 12.7 percent, while the North Shore weighs in at 9.5 percent, Trulia reports.

But that's nothing compared to the top million-dollar markets, seven of which are in California and the remaining three in the New York metro area.

The percentage of homes worth a million or more ranges from 18 percent San Diego to San Francisco and its absolutely crazy 43 percent plus score.

Now that's crazy.

This blog is not written or edited by Boston.com or the Boston Globe.
The author is solely responsible for the content.

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About boston real estate now
Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.

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