U.S. luxury home market still strong, says Christie's International

  • Luxury markets across the country's major metros are still increasing, just not as fast as 2013.
  • Overall, luxury housing markets across the globe saw 16 percent sales growth in 2014 and 8 percent growth in 2015.
  • In a surprising twist, Jackson Hole, Wyoming landed the number six spot in Christie’s “Luxury Thermometer.

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What is the cost of luxury real estate? In New York City, it’s $5 million and up. In Miami, the threshold drops to $2 million. The price of high-end comfort fluctuates across local markets, international borders and, most certainly, years.