Million dollar luxury estates in Las Vegas, Nevada are a gold mine for space seekers, says CNBC. The average square footage for their million dollar luxury estates is more than four times’ that of San Francisco and nearly double the standard size of a Seattle single family residence. You’ll get four bedrooms and three bathrooms – mostly because there is a 43-month supply of homes on the market due to overbuilding. With price decreases of more than 34% in the last three years, the average Las Vegas home is selling at $138,500.
Denver, Colorado million dollar luxury estates will give you 2,750 square feet of space with three bedrooms and four bathrooms (similar to the Seattle market). The Denver market remains strong without drastic price decreases because of all the second home buyers and tourist dollars pouring into the region, which has prevented some of the widespread joblessness and forced foreclosures we’ve seen elsewhere. In fact, the median home price has actually increased 1% in the last three years to $229,100.
Million dollar luxury estates in Honolulu, Hawaii buy 1,896 square feet of interior space, but usually come with 7,504 square feet of land, since buyers value their outdoor space almost more than their indoor space here. You can expect three modest-sized bedrooms and two bathrooms in your Hawaiian paradise. Despite slow sales, the average sales price is still fairly high at $569,500 (down from $630,000 in 2006). However, most sellers are willing to wait out the market since Hawaii has always been a popular vacation / retirement / second home destination.