Luxury homes in LA are 5.5 percent more expensive than average

Measuring where the nation’s luxury market saw declines, Redfin identified the top tier of the market as the most expensive 5 percent of homes. As a nation, the bottom 95 percent of homes grew in price by 3.8 percent in the third quarter of 2015 compared with last year, whereas the luxury market dipped by 2.2 percent.