Friday
June 23, 2017

Top 20 Cities for Luxury Sales Revealed

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Top 20 Cities for Luxury Sales Revealed

America’s top cities and ZIP codes for luxury home listings and sales kept a stable pace of growth over the last year, according to Coldwell Banker Previews International’s latest annual Luxury Market Report.

Read more: Earn Loyalty From the Wealthiest Buyers

In some pockets across the country, however, luxury sales soared. For example, sales of $1 million-plus homes last year jumped 32 percent year-over-year in Austin, which is seeing a boom in its tech and entertainment industries. Other markets that are seeing large growth include Fort Lauderdale (up 31%) and Seattle (up 30%), according to the report.

Florida earned the top spot as the main destination for real estate’s high-priced segment. Luxury sales posted double-digit growth in Miami, Naples, and Palm Beach. Newcomer areas like Lake Worth and Wellington, also placed in the Top 20 list for $10 million sales for the first time, the report showed.

The following are the 20 top performing cities in the luxury real estate market for $1 million-plus sales, according to the latest report:

  1. New York, N.Y.: 3,662 (number of listings)
  2. Miami, Fla.: 1,654
  3. Miami Beach, Fla.: 1,473
  4. Naples, Fla.: 1,146
  5. Park City, Utah: 1,037
  6. Los Angeles, Calif.: 985
  7. Atlanta, Ga.: 982
  8. Scottsdale, Ariz.: 951
  9. Fort Lauderdale, Fla.: 878
  10. North Miami Beach, Fla.: 810
  11. Chicago, Ill.: 735
  12. Houston, Texas: 696
  13. Boca Raton, Fla.: 662
  14. Greenwich, Conn.: 535
  15. Honolulu, Hawaii: 501
  16. San Diego, Calif.: 471
  17. Austin, Texas: 460
  18. Sarasota, Fla.: 455
  19. Dallas, Texas: 420
  20. Santa Barbara, Calif.: 387

View the report to see the top 20 cities for $5-million-plus and $10-million-plus sales.

Source: Coldwell Banker Previews Luxury Market Report Spring 2016