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Luxury Homes Cost 9 Times More Than the Typical Homes in These South Florida “Wealth Magnet” Metros

calendar_today July 7, 2026 person Celia Fernandez domain redfin

West Palm Beach, FL, where the typical luxury home costs 8.9 times more than the typical non luxury home, has the nation’s biggest luxury home price premium. Next comes Miami, with a median luxury-to-non luxury home price ratio of 8.8, and New York City, where the typical luxury home costs 5.5 times the typical non […] The post Luxury Homes Cost 9 Times More Than the Typical Homes in These South Florida “Wealth Magnet” Metros appeared first on Redfin Real Estate News .

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