Trulia Trends Report
As usual, the Trulia Trends report (PDF) gives us an interesting snapshot of what’s happening across the country in both consumer search behavior online and median list prices.
Homes on Trulia’s top 10 list of most searched homes ranged from a $245,000 Midtown coop in New York City to a Bel Air trophy estate priced at 163x that amount at $40,000,000. A snapshot of the 10 hottest homes:
- The priciest home on the list was a one of a kind, Bel Air, $40,000,000 estate is on 3.2 acres, has a sunken tennis court, 33 bedrooms, 41 full bathrooms, three living rooms and five main master suites.
- The second most expensive home on the list is a Manhattan Beach, 872 square foot fixer upper with 2 beds and 2 baths priced at $1,079,000.
- For $279,000, home shoppers can bid farewell to Manhattan, and cross the bridge over to Brooklyn into a historic studio coop in a Park Slope brownstone with pre-war detailing and charm!
- The five-bedroom, three-bathroom, Colonial style home in West Bloomfield, MI his the lowest price per bedroom ratio with each bedroom costing a mere $67,000. The average cost per bedroom for the top ten most searched homes is $400,556!!
Other findings include:
- After getting pushed out of the top spot last month by Manhattan, Chicago once again reigns supreme as the most searched city in the America for real estate.
- Taking a look at list price changes, Miami Beach, FL which was the biggest gainer in median price month-over-month with a 17% increase from May to June.
- Something must be in the water in Virginia, with Alexandria, Falls Church and Arlington all surging over 45% in month-over-month search queries on Trulia.com. Perhaps the upcoming presidential election has confident staffers scrambling to purchase before the real work gets started in 2008.
You can take a look at the full report here (PDF). Enjoy!
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