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Housing Madness: 57% of Homes in This U.S. City are Worth $1M+

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There is no shortage of Bay Area housing anecdotes floating around. Whether it’s the tale of billboards that advertise new homes in San Francisco starting at “only” $1 million dollars, or a Google employee who must move into a 128-square-foot truck in the company’s parking lot to effectively save money, these unusual stories make it clear that the housing market in the Bay Area is bordering on insanity.

However, if you want more quantitative proof of the housing bubble that is plaguing the Bay Area, this map should do it. Using data from the real estate website Trulia, this animation plots the number of million dollar homes in the Bay Area.

Change in million dollar homes in Bay Area 2012-2016

In 2012, just under 20% of homes in San Francisco were worth over $1 million. Today, over 57% of homes have hit the mark, meaning that the majority of homes are now selling for over seven figures.

While San Francisco gets the majority of the attention for its housing prices, the situation is actually much wider in scope. San Jose and Oakland have seen the percentage of such houses increase to 46.3% and 19.7% respectively. Meanwhile, in Southern California, the number of $1 million houses have doubled in both San Diego and Los Angeles over the last four years.

Million Dollar Housing Markets in the U.S.

City$1MM homes (2012)$1MM homes (2016)Percentage point change
San Francisco, CA19.6%57.4%+37.8%
San Jose, CA17.4%46.3%+28.9%
Oakland, CA5.2%19.7%+14.5%
Orange County, CA7.1%16.1%+8.9%
Los Angeles, CA8.0%16.3%+8.3%
Honolulu, HI8.1%15.4%+7.3%
San Diego, CA5.4%10.7%+5.2%
New York, NY7.0%12.0%+4.9%
Ventura County, CA4.3%9.0%+4.6%
Seattle, WA2.5%7.0%+4.5%

Data courtesy of: Trulia

Looking at individual neighborhoods, the numbers get even more intense. In Westwood Park in San Francisco, for example, only 2.9% of homes were worth over a million dollars in 2012. Today, 96.0% of houses there hit the mark, leaving only a few pockets that have some element of affordability.

Just south of the San Francisco airport is the neighborhood of Nineteenth Avenue in San Mateo. There, not a single house can be found for under $1 million. This wasn’t the case in 2012, when only about 10% of houses were in seven digit territory.

Interested in buying in San Francisco yet?

Here’s a final comparison to show what you could own with a cool million:

San Francisco vs. Louisville, Kentucky

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Markets

Which Retailers Operate in the Most Countries?

From fast-fashion giant H&M to Apple, we show the top retailers globally with the largest international presence.

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This treemap shows the top retailers operating in the most countries in 2023.

The Top Retailers Operating in the Most Countries

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Today, international expansion is a key growth strategy for the world’s top retailers as companies target untapped markets with the highest potential to drive revenue and profit streams.

While traditional retailers have sought out digital strategies as the industry evolves and consumer behaviors change, physical storefronts continue to be a dominant driver of retail sales. In 2023, brick-and-mortar sales comprised 81% of retail sales globally.

This graphic shows the top retailers operating in the most markets worldwide, based on data from the National Retail Federation.

Global Retailers With the Largest International Footprint

Here are the global retailers with the widest-reaching presence around the world in 2023:

RankingRetailerNumber of Countries of First-Party OperationHeadquarters
1H&M68🇸🇪 Sweden
2IKEA51🇳🇱 Netherlands
3Inditex45🇪🇸 Spain
4Decathlon34🇫🇷 France
5Carrefour32🇫🇷 France
6Sephora (LVMH)31🇫🇷 France
7Schwarz Group30🇩🇪 Germany
8Fast Retailing27🇯🇵 Japan
9Euronics International25🇳🇱 Netherlands
10Apple25🇺🇸 U.S.

Notably, eight of the top 10 companies with the widest market reach hail from Europe.

Fast-fashion giant H&M ranks first overall, with 4,454 stores across 68 countries last year. In 2023, the Swedish company earned $21.6 billion in revenues, with its largest markets by number of store locations being the U.S., Germany, and the UK. This year, it plans to open 100 new stores in growth markets, along with shutting down 160 stores in established locations, ultimately decreasing its global store count.

In second is IKEA, with a presence in 51 countries. Last year, the company expanded its footprint in India, launching its first store in the tech hub, Hyderabad. While the company has a broad international reach, its number of storefronts is a fraction of H&M, at 477 total stores worldwide.

Looking beyond the continent, Japan’s Fast Retailing is the top retailer in Asia, operating in 27 countries globally. As the parent company to fashion brand Uniqlo, it also stands as the seventh most valuable listed firm by market capitalization in the country.

Additionally, Apple is the sole American company to make this list, with storefronts in 25 countries. Overall, the company operates four types of retail stores: regular, AppleStore+, flagships, and flagship+. Regular stores often earn $40 million annually, while flagship+ stores typically earn more than $100 million.

By 2027, the company plans to build or remodel 53 stores globally, with the majority located in the U.S. and China.

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