Prices for luxury homes in West Palm Beach have skyrocketed over the past decade with the market experiencing faster price growth than anywhere else in the U.S., according to a report from Redfin.
As of October, luxury home sale prices in West Palm Beach jumped 187.3% over the past ten years, hitting a median price of $4.04 million. That’s the fastest growth of any major U.S. metro. Nationally, the price increase averages at 82.5% with a median price of $1.3 million.
In contrast, New York saw the most modest price growth among major metros during the same time frame, only increasing 15.4%…