While sales of luxury real estate growing more slowly this year nationwide than in years past, a recent article in the South Florida Business Journal highlighted the fact that many regions of South Florida real estate are showing amazing levels of activity in the luxury home market. Citing a Redfin study of American luxury real estate, the article looked at the top 5% of homes sold in a given location and defined that as the luxury market for that area.
So what are the highlights? In terms of year-over-year growth in the luxury real estate market, Delray beach ranked number 1 with a growth of 33.2% in the luxury market since last year, followed closely by Boca Raton at #3 on the list with a luxury market growth of 29.5%. Compare that to a 0.9% growth
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