Luxury Real Estate Isn’t Surviving—It’s Thriving
The second quarter of 2015 saw a luxury real estate boom, with sales of homes priced $1 million or more up by 14% and homes priced $5 million plus jumping a full 20% over sales in the same quarter last year, according to the CNBC Luxury Real Estate Report.
Most impressively, these boosts were attained following record numbers in 2014. Of course, not all luxury real estate markets kept pace with the trend. Let’s take a deeper look at one that exceeded it.