Redfin’s latest luxury home sales report for Q2 2018 named West Palm Beach as the nation’s hottest market in terms of sales prices. The average luxury home sale in West Palm Beach during Q2 jumped 85 percent over last year to $2.24 million. Meanwhile, the average luxury home sale in the top 5 percent nationally was only $1.87 million, and posted an annual gain of just 5.2 percent. Most of the best-performing luxury markets were in low-tax states, such as Florida.
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