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Home›Real Estate›Residential›Luxury homes cost up to 9 times more than typical home…

Luxury homes cost up to 9 times more than typical homes in key metros

In West Palm Beach, Florida, the typical luxury home price is 8.9 times the typical non luxury home price, the largest luxury premium among the metros cited.

Reported · Written up by our desk · Residential

Redfin News reports that luxury homes price premiums vary widely across selected South Florida and major US metros, with the biggest gap in West Palm Beach, Florida.

The outlet said the typical luxury home costs 8.9 times more than the typical non luxury home in West Palm Beach, followed by Miami at a median ratio of 8.8 and New York City at 5.5.

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Sources

Redfin NewsLuxury Homes Cost 9 Times More Than the Typical Homes in These South Florida “Wealth Magnet” Metros

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