Top 20 Cities for Luxury Sales Revealed

April 11, 2016

America’s top cities and ZIP codes for luxury home listings and sales kept a stable pace of growth over the last year, according to Coldwell Banker Previews International’s latest annual Luxury Market Report.

In some pockets across the country, however, luxury sales soared. For example, sales of $1 million-plus homes last year jumped 32 percent year-over-year in Austin, which is seeing a boom in its tech and entertainment industries. Other markets that are seeing large growth include Fort Lauderdale (up 31%) and Seattle (up 30%), according to the report.

Florida earned the top spot as the main destination for real estate’s high-priced segment. Luxury sales posted double-digit growth in Miami, Naples, and Palm Beach. Newcomer areas like Lake Worth and Wellington, also placed in the Top 20 list for $10 million sales for the first time, the report showed.

The following are the 20 top performing cities in the luxury real estate market for $1 million-plus sales, according to the latest report:

  1. New York, N.Y.: 3,662 (number of listings)
  2. Miami, Fla.: 1,654
  3. Miami Beach, Fla.: 1,473
  4. Naples, Fla.: 1,146
  5. Park City, Utah: 1,037
  6. Los Angeles, Calif.: 985
  7. Atlanta, Ga.: 982
  8. Scottsdale, Ariz.: 951
  9. Fort Lauderdale, Fla.: 878
  10. North Miami Beach, Fla.: 810
  11. Chicago, Ill.: 735
  12. Houston, Texas: 696
  13. Boca Raton, Fla.: 662
  14. Greenwich, Conn.: 535
  15. Honolulu, Hawaii: 501
  16. San Diego, Calif.: 471
  17. Austin, Texas: 460
  18. Sarasota, Fla.: 455
  19. Dallas, Texas: 420
  20. Santa Barbara, Calif.: 387

View the report to see the top 20 cities for $5-million-plus and $10-million-plus sales.

Source: Coldwell Banker Previews Luxury Market Report Spring 2016