Santa Clarita, an affluent suburb outside of Los Angeles, saw the biggest price growth of the fourth quarter last year. Wish Sotheby’s International Realty
The stock market rally has done little to move prices in the luxury real estate marketed consistently across the United States. In select cities, particularly Santa Clarita, California, average luxury home prices did rise more than 113%, however many cities saw a double-digit decrease in luxury home prices. The average luxury home price across the U.S. remained flat in the final quarter of 2016, rising a slight 0.7% year-over-year.
Read the full article at Mansion Global by Fang Block and see how your luxury market is performing this week with The Institute’s Luxury Market Report.