The Typical Luxury Home Costs 9 Times More Than the Typical Non Luxury Home in These South Florida ‘Wealth Magnet’ Metros
Redfin, a subsidiary of Rocket Companies, released a report showing that luxury homes in South Florida metros like West Palm Beach and Miami command a significant premium over non-luxury homes. In West Palm Beach, the typical luxury home sold for $4.5 million, which is 8.9 times the price of a typical non-luxury home, the highest ratio among the 49 largest U.S. housing markets.
Key figures
- Luxury median price miami
- 4855331
- Luxury median price new york
- 4380249
- Luxury to non luxury ratio miami
- 8.8
- Luxury median price west palm beach
- 4510196
- Luxury to non luxury ratio national
- 3.6
- Luxury to non luxury ratio west palm beach
- 8.9
AI analysis
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