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With the help of Zillow, I looked at the number of homes on the market going for $5 million or more. I found 5,028 homes. These homes are overwhelming skewed to a few areas. For example, more than half the homes are in three states—New York, Florida and California. At the other end, many states only have a handful and five have none.

On this spreadsheet, I broke out the numbers into states, then prominent counties and also a few select towns and neighborhoods.

Let me stress that this is far from a scientific survey. I don’t fully trust every listing on Zillow, but I think this gives you a good idea of where the pricey homes are.

I also looked at the number of homes per 100,000 people. Be aware that just a few homes in a small community can really jack up the rate. Also, the rate is artificially high in resort communities because the pricey may not be owned by full-time residents.

Posted by edelfenbein at December 22, 2009 2:42 PM