California million-dollar home sales in 2005 surged to a new peak for the fourth year in a row, as appreciation pushed a higher portion of overall sales into the seven-figure category, a real estate information service reported.
A total of 48,666 Golden State homes sold for a million dollars or more last year. That was up 47.0 percent from 33,107 in 2004. The total was 19,080 in 2003 and 13,871 in 2002, according to DataQuick Information Systems.O
One in thirteen homes sold for more than a million dollars last year, up from one in twenty the year before.
The most expensive confirmed purchase was a 13,636 square-foot 6-bedroom, 12-bathroom La Jolla house on six acres which went for $23,500,000 in September. The largest was a 7-bedroom, 8-bathroom 18,369 square-foot house on 2.2 acres in Solana Beach in San Diego County which went for $6,200,000 in August.
The median-sized million-dollar home was 2,480 sq.ft. with 4 bedrooms and 3 bathrooms. The median price per square-foot for all million-dollar homes was $516, up 5.6 percent from $489 a year ago, DataQuick reported.
Top 5 California Zip Codes
Ranked by the number of million-dollar homes sold in 2005*
| Community | Zip Code | 2004 Sales# |
2005 Sales# |
2005’s Most Expensive |
| 92037 | La Jolla | 464 | 478 | $23.50 mill. |
| 90266 | Manhattan Beach | 458 | 444 | $5.25 mill. |
| 94010 | Hillsborough | 384 | 396 | $6.50 mill. |
| 92130 | Del Mar | 327 | 379 | $7.50 mill. |
| 92677 | Laguna Niguel | 295 | 378 | $6.74 mill. |
