[delaynomore]

Look at any typical city in North America, your priciest neighborhood likely has low density.

People tend to work away from where they live (at least for high paying jobs) and prefer having ample space at home therefore I don't think higher density would increase property value as you stated.

[mywittyname]

The priciest neighborhood ($2MM+) in my city is low density and full of mansions for sports stars and execs for of all the local F500 companies. But the next tier in price ($1MM-$2MM) is actually pretty high density housing abutting downtown.

Once you get into the $500-$1MM range density falls again, as these are the McMansions in suburbia. Density keeps dropping as price goes down until you get into the slums territory, which are basically the pockets of urban blight that haven't been redeveloped yet.

[throwaway2037]

Can you share the city name? I'm curious to learn more.

[ako]

You're looking at one half of a normal distribution and seeing "more is less" (more money is less houses per square meter), and you're reacting to someone looking at the other half of the normal distribution and he's seeing "more is more". You're both right, just not looking at the entire picture.

[throwaway2037]

When I worked in New York City, there was a stark contrast between senior management. Some lived very rich & urban -- West Village single family townhouse or Upper East/West side high rise, and others lived in a huge suburban home in Greenwich, Connecticut or Long Island. It was a weird mix. I could never figure out why they chose one over the other.

[svachalek]

You are probably looking at price per home, not price per acre.