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.
- 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.