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04/25/2019

Secondary Markets Across The U.S. Are Powering The Country’s Luxury Real Estate Market. (Las Vegas)

Secondary markets across the U.S. are powering the country’s luxury real estate market, according to a report from realtor.com

The luxury markets—defined as the top 5% of the market—that grew the fastest in terms of sales in January were Wake, North Carolina, Snohomish, Washington, and Sacramento, California, where million-dollar closings at least doubled year-over-year, Friday’s report said. 

In Wake, sales increased more than 460%. 

It was Clark County, Nevada,—home to Las Vegas—that logged the highest sales price growth in January. Luxury prices in the market rose 14.8% annually, putting the benchmark for luxury at $654,000. 

https://www.mansionglobal.com/articles/secondary-markets-led-u-s-luxury-in-january-201312?mod=article_inline

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