From today’s Chronicle, “A whopping 1 in 8 homes sold in the Bay Area last year went for $1 million or more as robust appreciation helped push more properties into what was once considered a luxury price zone.”

“In the nine-county region, 16,981 houses and condos — or 13.5 percent of total sales — went for at least $1 million, up from 11,399, or 8.5 percent, in 2004. Only 2.6 percent of homes fetched as much in 1999.”

“Nowhere was the rise in high-end homes more pronounced than in Solano County, typically one of the least-expensive sections of the Bay Area. In that county, which includes Vacaville, Vallejo and Fairfield, million-dollar home sales soared 154 percent in 2005. By comparison, sales rose 43.3 percent in San Francisco.”

“In the state, 48,666 homes sold for $1 million or more last year, up 47 percent from 33,107 in 2004.”

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