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Sales of the priciest 1 percent of homes are up 21.1 percent so far this year, following a gain of 35.7 percent in 2013. Meanwhile, in the other 99 percent of the market, home sales have fallen 7.6 percent in 2014. Luxury sales are up, and way up, in metros across the country.
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with a 12.6% year-over-year increase. Charlotte’s luxury home price gains also outpaced the remaining 95% of the local housing market, which rose 3.4% from the end of 2014 and sold on average for $211.
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The company defined "luxury. Miami’s home prices may only have gone up by around 12 percent in the last year, but its increases over the last six months of this study are higher than any other city.
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In the second quarter of 2014, the Index indicated the following: San Francisco Bay Area values gained 12.2% from the second quarter of 2013 and 4.6% from the first quarter of 2014. The average luxury home in the region is at an all-time high of $3.3 million.
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The 2014 Texas Luxury Home Sales Report showed that luxury home sales are one of the fastest growing segments within the Texas housing market, with double-digit growth among Texas’ four major markets from January – October 2013.
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