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Forbes: Neighborhoods Where $10 Million Homes Are The Norm

Neighborhoods Where $10M Homes Are the Norm

Housing faces a tenuous recovery thanks to a looming fiscal cliff and lurking shadow inventory, but that hasn’t stopped the world’s rich and famous from plunking down millions on mansions in America’s most coveted neighborhoods.

A new report from Coldwell Banker Previews International highlights a handful of ZIP codes across the U.S. where the $10 million-plus market has been ablaze with buyer-seller activity. The luxury real estate firm tracked listings and completed sales from June 2011 through June 2012, in every U.S. market that Coldwell Banker Previews International has a presence, using data from both in-house agents and local Multiple Listing services.

(iStock)

More from Forbes:
Giant Homes For Bargain Prices
Incredible Open-Air Homes
Foreclosure Woes Of The Rich And Famous



The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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