Home prices are rising, but Denver doesn’t crack top 20 cities for million-dollar homes
It’s all relative.
Here’s one from the Dept. of Context.
Million-dollar homes are spreading throughĀ citiesĀ like San Francisco and Seattle, according to a new Trulia report. But despite rising home prices in Denver, our city didn’t makeĀ the top 20Ā metros for million-dollarĀ homes.
In fact, Denver was just below the 2016 average when it comes to million-dollar homes. Nationally, 3 percent of homes areĀ worth at least a million bucks, the report says. Denver is atĀ 2.9 percent.
That puts Denver among the top quarter of the 100 metropolitan areas studied, but just barely.
Nor has Denver seen a dramatic increase in the percentage of million-dollar homes. San Francisco went from 19.6 percent of its homes being worth at least $1 millionĀ in 2012 to 57.4 percentĀ in 2016.

Image courtesy of Trulia
Four more California cities saw net increases of more thanĀ 8Ā percent.Ā Denver’s net increase in the share of million-dollar homes, by comparison, was 1.7 percent. Washington D.C., Silver Spring,Ā Maryland, andĀ West Palm Beach, Florida, sawĀ the same increase.

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The only other Colorado city to make the list was Colorado Springs. Denver outpaces Colorado Springs easily, with nearly three times more million-dollar homes.
It’s all relative.